(MENAFN- America News Hour) “ Market Overview:
Global Polymer Bearing Market is valued approximately at USD 9.1 billion and is anticipated to grow with a healthy growth rate of more than 4.40% over the forecast period. Polymer bearings are mostly used in the applications where wear and tear proportion is high that bounds the performance of the metal bearing. Polymer bearings are made from polymers such as PP, PE, PT or a blend of polymers and have numerous advantages over metallic or other types of bearings, such as: resistance to acid, light-weight, alkali, corrosion resistance, grease, wax and solvents, cost effective, nonconductive nature, longer life span and self-lubrication and more. These polymer bearings limit the transfer of heat to other areas of the mechanical assembly, as they are lubricated and therefore, eradicate the possibility of failure owing to lack of maintenance. This is increasing applicability of polymer bearings in the automobile, medical & pharmaceutical, textile, food processing, chemical, office products, and semiconductor industries further propels the growth of the global polymer bearing market. Thus, growth of these end use industries is one of the key driving forces in the market growth. For instance, as per Federal Reserve Bank of Chicago, report 2018-2019, global light vehicle production increased to 98.27 million units in 2018 as compared to 93.60 million units in 2016. Further, as per the Car group organization, the light vehicle sales is protected to reach 110 million units by 2026. In addition, cost-effective Production of Polymer Bearings in emerging region is further contributing towards market. Apart from this, new product Innovation and development is expected to create lucrative growth opportunity in the market over the forecast period. However, Stringent regulations associated with the use of polymer bearings in the Packaging and Food Processing Industry and impedes the growth of the market over the forecast period
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The regional analysis of global Polymer Bearing market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America and Rest of the World. North America is expected to account for significant market share owing to the well-established industrial and infrastructural scenario. Whereas, Asia-Pacific is anticipated to exhibit highest growth rate / CAGR over the forecast period. Factors such as rise in demand for polymer bearings from end use industries such as automobile, medical & pharmaceutical chemical coupled with easy availability of raw material and labor would create lucrative growth prospects for the Polymer Bearing market across Asia-Pacific region.
Major market player included in this report are:
SKF
BNL Ltd.
IGUS Inc.
Boston Gear LLC
Dotmar Engineering Plastic Products
Saint-Gobain S.A.
Oiles Corporation
Kashima Bearings, Inc.
Kms Bearings, Inc.
Kilian Manufacturing
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players.
The detailed segments and sub-segment of the market are explained below:
By Type of Material:
Phenolics
Nylon
Teflon
Acetal
UHMWPE (Ultra High Molecular Weight Polyethylene)
Others
By End-Use Industry:
Automobile
Textile
Medical & Pharmaceutical
Packaging
Elevators
Food Processing
Office Products
Chemical Industry
Photography
Others
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By Region:
North America
U.S.
Canada
Europe
UK
Germany
Asia Pacific
China
India
Japan
Latin America
Brazil
Mexico
Rest of the World
Target Audience of the Global Polymer Bearing Market in Market Study:
Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Venture capitalists
Value-Added Resellers (VARs)
Third-party knowledge providers
Investment bankers
Investors
Table of Content
Chapter 1. Executive Summary
1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts,
1.2.1. Polymer bearing Market, by Region,
1.2.2. Polymer bearing Market, by Type of Material,
1.2.3. Polymer bearing Market, by End-Use Industry,
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption
Chapter 2. Global Polymer bearing Market Definition and Scope
2.1. Objective of the Study
2.2. Market Definition & Scope
2.2.1. Scope of the Study
2.2.2. Industry Evolution
2.3. Years Considered for the Study
2.4. Currency Conversion Rates
Chapter 3. Global Polymer bearing Market Dynamics
3.1. Polymer bearing Market Impact Analysis
3.1.1. Market Drivers
3.1.2. Market Challenges
3.1.3. Market Opportunities
Chapter 4. Global Polymer bearing Market Industry Analysis
4.1. Porter's 5 Force Model
4.1.1. Bargaining Power of Suppliers
4.1.2. Bargaining Power of Buyers
4.1.3. Threat of New Entrants
4.1.4. Threat of Substitutes
4.1.5. Competitive Rivalry
4.1.6. Futuristic Approach to Porter's 5 Force Model
4.2. PEST Analysis
4.2.1. Political
4.2.2. Economical
4.2.3. Social
4.2.4. Technological
4.3. Investment Adoption Model
4.4. Analyst Recommendation & Conclusion
Chapter 5. Global Polymer bearing Market, by Type of Material
5.1. Market Snapshot
5.2. Global Polymer bearing Market by Type of Material, Performance – Potential Analysis
5.3. Global Polymer bearing Market Estimates & Forecasts by Type of Material
5.4. Polymer bearing Market, Sub Segment Analysis
5.4.1. Phenolics
5.4.2. Nylon
5.4.3. Teflon
5.4.4. Acetal
5.4.5. UHMWPE (Ultra High Molecular Weight Polyethylene)
5.4.6. Others
Chapter 6. Global Polymer bearing Market, by End-Use Industry
6.1. Market Snapshot
6.2. Global Polymer bearing Market by End-Use Industry, Performance – Potential Analysis
6.3. Global Polymer bearing Market Estimates & Forecasts by End-Use Industry
6.4. Polymer bearing Market, Sub Segment Analysis
6.4.1. Automobile
6.4.2. Textile
6.4.3. Medical & Pharmaceutical
6.4.4. Packaging
6.4.5. Elevators
6.4.6. Food Processing
6.4.7. Office Products
6.4.8. Chemical Industry
6.4.9. Photography
6.4.10. Others
Chapter 7. Global Polymer bearing Market, Regional Analysis
7.1. Polymer bearing Market, Regional Market Snapshot
7.2. North America Polymer bearing Market
7.2.1. U.S. Polymer bearing Market
7.2.1.1. Type of Material breakdown estimates & forecasts,
7.2.1.2. End-Use Industry breakdown estimates & forecasts,
7.2.2. Canada Polymer bearing Market
7.3. Europe Polymer bearing Market Snapshot
7.3.1. U.K. Polymer bearing Market
7.3.2. Rest of Europe Polymer bearing Market
7.4. Asia-Pacific Polymer bearing Market Snapshot
7.4.1. China Polymer bearing Market
7.4.2. India Polymer bearing Market
7.4.3. Japan Polymer bearing Market
7.4.4. Rest of Asia Pacific Polymer bearing Market
7.5. Latin America Polymer bearing Market Snapshot
7.5.1. Brazil Polymer bearing Market
7.5.2. Mexico Polymer bearing Market
7.6. Rest of The World Polymer bearing Market