Report Scope & Overview:
Polymer Bearing Market Size was valued at USD 10.34 billion in 2022, and is expected to reach USD 14.71 billion by 2030, and grow at a CAGR of 4.5% over the forecast period 2023-2030.
By providing a number of benefits, polymer bearings have established themselves in a cutthroat bearing market. As a result, sectors that were previously dominated by steel and phosphor bronze are now being filled with polymers like PTFE, PEEK, POM, and Nylons. A machine part containing at least one rubbing part made of polymer is called a polymer bearing. Because they can survive extreme conditions that would ruin conventional bearings, polymer bearings are appealing. Compared to steel, polymeric materials are 80% lighter. Because of this, polymer-based bearings require less energy to move and are less likely to lose energy to friction. Polymer bearings are practically silent when lubricated and are better at absorbing stress loads than metal bearings.
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Expanding demand across industries for polymer bearings.
Investing more in sophisticated materials for the automobile industry.
Lower cost of maintenance.
Government laws and guidelines that are strict.
Technological advancements in Industrial 3D printing.
The increase in R&D spending.
High regulatory requirements and poor thermal conductivity
Impact of Covid-19:
The COVID-19 has had a large economic impact on end-use industries. Many markets have experienced a decline as a result of travel restrictions, and growth has stalled. Production facilities have been forced to remain closed owing to lockdowns, which has hurt the polymer bearing industry because fewer businesses are using polymer bearing solutions, resulting in revenue loss. Disruptions are occurring in all major industries, including supply chain breakdowns, sluggish technological advancement, and workplace closures. Growth across application markets has accelerated significantly after the removal of travel restrictions.
The COVID-19 virus epidemic has had a significant impact on the automobile sector, and carmakers are today dealing with unheard-of uncertainty. The interruption of supply chain operations has also slowed manufacturing, postponed the assembly of automobiles, and hampered the expansion of the worldwide polymer bearing market. The COVID-19 epidemic has contributed to a decline in demand in the automobile sector, which is having an impact on the expansion of the global polymer bearing market.
By Product: Phenolics: Phenolic composites are made of phenolic resin and cotton fabric or other fillers. These composite materials are perfect for automotive applications since they can be easily maintained by different fluids.
Nylon: Nylon, which has the broadest application in bearings, typically replaces phenolics in heavy-duty applications.
Teflon: Teflon is an excellent material for bearings because it has low friction, a high degree of self-lubrication, resistance to most chemical assaults, and the ability to function across a wide temperature range.
Acetal: Acetal is a common bearing material used in several industrial, automotive, and appliance applications. Its stability and resistance to wet abrasion make it useful when working in damp situations.
By End Use:
Automobile: The polymer solutions' cost advantages are especially relevant in the automotive sector. In the automotive industry, polymer bearings are crucial because of their extreme durability, low maintenance requirements, and temperature stability.
Textile: As textile production equipment is used more frequently, there is a greater need for machine parts that are more durable.
Pharmaceutical and medical applications: Bearings are used in medical technology to handle high speeds and a high standard of hygiene. Lubrication-free ball bearings are crucial in medical technology, where cleanliness is a constant issue.
Polymer bearings offer a wide range of uses in the packaging sector.
Office Items: The smooth operation of office products is guaranteed by lubrication-free, cost-effective polymer bearings.
Other: Elevators, food processing, photography, chemical processing, and electronics are some further industries where polymer bearings are used.
By Type of Material:
UHMWPE (Ultra High Molecular Weight Polyethylene)
By End-Use Industry:
Medical & Pharmaceutical
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North America: The region's developing industrial sector is the main driver of the North American polymer bearing market. The expanding demand for polymer bearings in the manufacturing and healthcare industries in North America is the main factor driving the market. The demand for polymer bearings in this region is driven by advancements in polymers for bearing applications.
Europe: Due to the expansion of the region's automotive, textile, and cosmetics sectors, the market in Europe is anticipated to experience significant demand for polymer bearings. Germany, the UK, France, and Russia are significant market growth drivers.
Asia-Pacific: Due to the region's rapid industrialization, Asia-Pacific currently holds a monopoly on the global polymer bearing market. The rising economies like South Korea and India have the greatest development potential. The growing demand for polymer bearings in the food and beverage, distribution, and logistics industries has led to constant growth in the Asia-Pacific polymer bearings market.
Rest of Europe
Rest of Asia-Pacific
The Middle East & Africa
Rest of Middle East & Africa
Rest of Latin America
ISB Industries (Italy), Waukesha Bearings (US), SKF (Sweden), OILES CORPORATION (Japan), Xinzhou Bearing Industrial Inc. (China), Synnovia (UK), Igus (Germany), Dotmar Engineering Plastics (Australia), Kashima Bearings, Inc. (Japan), OILES CORPORATION (Japan), KMS Bearings, Inc. (US), TOK, inc. (Japan).
ISB Industries (Italy)-Company Financial Analysis
|Market Size in 2022||US$ 10.34 Billion|
|Market Size by 2030||US$ 14.71 Billion|
|CAGR||CAGR of 4.5% From 2023 to 2030|
|Report Scope & Coverage||Market Size, Segments Analysis, Competitive Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook|
|Key Segments||• 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)
|Regional Analysis/Coverage||North America (USA, Canada, Mexico), Europe
(Germany, UK, France, Italy, Spain, Netherlands,
Rest of Europe), Asia-Pacific (Japan, South Korea,
China, India, Australia, Rest of Asia-Pacific), The
Middle East & Africa (Israel, UAE, South Africa,
Rest of Middle East & Africa), Latin America (Brazil, Argentina, Rest of Latin America)
|Company Profiles||ISB Industries (Italy), Waukesha Bearings (US), SKF (Sweden)n, OILES CORPORATION (Japan), Xinzhou Bearing Industrial Inc. (China), Synnovia (UK), Igus (GermanyIgus (Germany), Dotmar Engineering Plastics (Australia), Kashima Bearings, Inc. (Japan), OILES CORPORATION (Japan), KMS Bearings, Inc. (US), TOK, inc. (Japan)|
|DRIVERS||• Expanding demand across industries for polymer bearings.
• Investing more in sophisticated materials for the automobile industry.
• Lower cost of maintenance.
|Restraints||• Government laws and guidelines that are strict.|
Ans: Manufacturers, Consultant, aftermarket players, association, Research institute, private and universities libraries, suppliers and distributors of the product.
Ans: The COVID-19 has had a large economic impact on end-use industries. Many markets have experienced a decline as a result of travel restrictions, and growth has stalled. Production facilities have been forced to remain closed owing to lockdowns, which has hurt the polymer bearing industry because fewer businesses are using polymer bearing solutions, resulting in revenue loss. Disruptions are occurring in all major industries, including supply chain breakdowns, sluggish technological advancement, and workplace closures. Growth across application markets has accelerated significantly after the removal of travel restrictions.
Ans:Technological advancements in 3D printing and The increase in R&D spending.
Ans: Key stakeholders considered in the study:
Raw material vendors
regulatory authorities, including government agencies and NGO
commercial research & development (r&d) institutions
importers and exporters
government organizations, research organizations, and consulting firms
end-use industries are the stake holder of this report
Ans: Polymer Bearing Market Size was valued at USD 9.9 billion in 2021, and expected to reach USD 13.5 billion by 2028, and grow at a CAGR of 4.5% over the forecast period 2022-2028.
Table of Contents
1.1 Market Definition
1.3 Research Assumptions
2. Research Methodology
3. Market Dynamics
4. Impact Analysis
4.1 COVID-19 Impact Analysis
4.2 Impact of Ukraine- Russia war
4.3 Impact of ongoing Recession
4.3.2 Impact on major economies
188.8.131.52 United Kingdom
184.108.40.206 South Korea
220.127.116.11 Rest of the World
5. Value Chain Analysis
6. Porter’s 5 forces model
7. PEST Analysis
8.Polymer Bearing Market Segment, By Type of Material
8.5 UHMWPE (Ultra High Molecular Weight Polyethylene)
9.Polymer Bearing Market Segment,By End-Use Industry
9.3 Medical & Pharmaceutical
9.6 Food Processing
9.7 Office Products
9.8 Chemical Industry
10. Regional Analysis
10.2 North America
10.3.6 The Netherlands
10.3.7 Rest of Europe
10.4.2 South Korea
10.4.6 Rest of Asia-Pacific
10.5 The Middle East & Africa
10.5.3 South Africa
10.6 Latin America
10.6.3 Rest of Latin America
11. Company Profile
11.1 ISB Industries (Italy)
11.1.2 Products/ Services Offered
11.1.3 SWOT Analysis
11.1.4 The SNS view
11.2 Waukesha Bearings (US)
11.3 SKF (Sweden)n
11.4 OILES CORPORATION (Japan)
11.5 Xinzhou Bearing Industrial Inc. (China)
11.6 Synnovia (UK)
11.7 Igus (GermanyIgus (Germany
11.8 Dotmar Engineering Plastics (Australia)
11.9 Kashima Bearings, Inc. (Japan)
11.10 OILES CORPORATION (Japan)
11.11 KMS Bearings, Inc. (US)
11.12 TOK, inc. (Japan)
12.1 Competitive Benchmark
12.2 Market Share analysis
12.3 Recent Developments
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