A
new research report by Transparency Market Research offers a
comprehensive evaluation of the global Polymer
Bearing
Market. The
study, titled “Polymer
Bearing Market - Global Industry Analysis, Size, Share, Growth,
Trends, and Forecast 2017 - 2025”,
is available for sale on the firm’s website.
The
polymer bearing market is expected to expand at a decent pace over
the forecast period owing to the rise in demand for the product in
Asia Pacific and its increasing application in the textile, medical &
pharmaceutical, automobile, and food processing sectors. Polymer
bearings are widely applied on metal surfaces and preferred over
other common bearing materials. They are chemical-resistant and
corrosive and therefore progressively favored over other types of
bearings. They do not transfer heat to other areas due their ability
to auto-lubricate, which eliminates the chances of failure due to low
maintenance. Rising demand for the product from the automobile
industry is likely to push the expansion of the polymer bearings
market over the forecast period. Due to their varied properties
including high corrosion, lightweight bodies, lubricant-free nature,
and resistance to fatigue, polymer bearings are extensively employed
in the automotive industry.
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Report Preview:
However,
the rigid government regulations pertaining to their use in the food
packaging and processing industries have restricted the polymer
bearings market from further expansion. Furthermore, polymer bearings
are economical compared to metal bearings which makes them a
favourable alternative. Polymers are resistant to acid, alkali, wax
and solvents owing to their non-conductive and anti-corrosion
resistant properties. Being 70 to 80 percent lighter compared to
other metals they are extensively used in the automotive industry. In
the automotive sector it is used in the windshield wipers, shock
absorbers, brakes, shafts, hinges, gear boxes, engine compartments,
angle transmitters and pedals. The global polymer bearing market is
majorly driven by the growth of the automotive industry.
The
market is segregated by type of material into the following
categories: phenolics, nylon, acetal, Teflon, and UHMWPE. Phenolics
accounted for a major market share in 2016 and the segment is
anticipated to retain its position over the forecast period, driven
by the surge in demand for phenolic bearings from various end-user
industries such as textile, food packaging, automobiles, and
semiconductors. These bearings exhibit excellent strength and
resistance to shock as well as to acid, water, and alkali solutions.
They are useful for providing the right amount of cooling and
clearance in heavily loaded systems. On the basis of end-user
industry, the polymer bearings market is divided into the following
segments: automobiles, packaging, medical & pharmaceuticals, and
others. The automobile sector expanded rapidly in 2016 and is
estimated to continue doing so over the next few years. Polymer
bearings are used in this industry to manufacture belt tensioners,
center armrests, gear actuators, pedal systems, stub axels, steering
systems, and seating systems.
Geographically,
the polymer bearings market is distributed over North America,
Europe, Asia Pacific, Middle East & Africa, and Latin America.
Asia Pacific held the dominant market share in 2016 and is projected
to retain its dominance over the forecast period on account of the
rising demand for polymer bearings in end-user industries in the
region such as textiles, automobiles, packaging, medical &
pharmaceuticals, and chemicals. Emerging economies such as China and
India are contributing significantly to the growth of the polymer
bearings market in this region. China constituted a prominent market
share in 2016 and is expected to remain dominant over the forecast
period. North America is also predicted to hold a significant market
share over the forecast period owing to the well-established
industrial and infrastructural scenario in the region. Latin America
is an emerging region for polymer bearings and likely to develop at a
decent pace over the next few years.
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Key
players operating in the polymer bearing market include SKF, Boston
Gear LLC, IGUS Inc., Saint-Gobain S.A., and BNL Ltd. Other major
companies include Oiles Corporation, KMS Bearings, Inc., Dotmar
Engineering Plastic Products, and Kilian Manufacturing.
The
report offers a comprehensive evaluation of the market. It does so
via in-depth qualitative insights, historical data, and verifiable
projections about market size. The projections featured in the report
have been derived using proven research methodologies and
assumptions. By doing so, the research report serves as a repository
of analysis and information for every facet of the market, including
but not limited to: Regional markets, technology, types, and
applications.
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