USD 9.63 billion
Polymer Bearing Market Size, Share, Growth Analysis, By Material(Phenolics, Nylon, Teflon, Acetal), By End-use(Automobile, Medical & pharmaceutical, Textile, Packaging), By Region - Industry Forecast 2025-2032
Report ID:
SQMIG15F2177 |
Region:
Global |
Published Date: March, 2024
Pages:
157
|Tables:
67
|Figures:
68
Polymer Bearing Market Insights
Polymer Bearing Market size was valued at USD 10.06 Billion in 2023 and is poised to grow from USD 10.51 Billion in 2024 to USD 14.95 Billion by 2032, growing at a CAGR of 4.5% during the forecast period (2025-2032).
The global bearing market was valued at $80 billion (about $250 per person in the US) in 2015 and is expected to exceed $110 billion (about $340 per person in the US) by 2024, with over 6% profitability due to heavy machinery manufacturing 25% of the total market share due to increasing vehicle demand and machine production.
Global vehicle production exceeded 95 million units in 2016 and could exceed 135 million units by 2024. Noise and vibration are challenges for the automotive industry. Saint-Gobain's Norglide polymer bearing is self-lubricated and contains polytetrafluoroethylene to help reduce noise and reduced vibration in vehicles. Uses the product in applications such as center fingers, adjustable top systems, belt tensioners, pedal systems, stub axles, gear actuators, door hinges, steering systems, throttle valves, and seat systems.
Technological advances in seals, lubricants and lightweight materials in high-performance materials are creating more business opportunities for manufacturers. Adding electromechanical elements directly to the bearings can increase performance and reduce costs. A number of industry players are investing in digital services and communications to improve customer engagement and develop strategies across the value chain. Digital processing through the use of digital production equipment and automation simplifies manufacturing processes and increases employee productivity, thereby contributing to automated and optimized production processes, driving market expansion.
Market snapshot - 2024-2031
Global Market Size
Largest Segment
Medical and pharmaceutical
Fastest Growth
Growth Rate
4.5% CAGR
Global Polymer Bearing Market ($ Bn)
Country Share for Asia Pacific Region (%)
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Polymer Bearing Market Segmental Analysis
On the basis of the type of material, the polymer bearing market is categorized into phenolics, nylon, teflon, acetal, UHMWPE (Ultra High Molecular Weight Polyethylene) and others. On the basis of end-use industry, the polymer bearing market is categorized into automobile, medical & pharmaceutical, textile, packaging, and others. Region-wise, the market is studied across North America, Europe, Asia-Pacific, and LAMEA.
Analysis by Product
The phenolics segment is replacing steel bearings in various applications due to their exceptional strength and shock resistance, which formed a major share in the phenolic segment due to its resistance to water, acids and alkaline solutions.
The acetal segment is the fastest growing segment with a CAGR of 5.2%, because its low friction coefficient and high temperature flexibility make it an ideal material for bushings and bearings. Acetal is a preferred bearing material in automotive equipment and in many industrial applications.
Analysis by End-Use
The automotive segment is expected to register a CAGR of 8.4% between 2023 and 2031. Targeted segments could take center stage in the global polymer bearing industry. The automotive segments are using high-quality polymer bearings due to applications due to the variety of vehicle parts. These components include the steering system, suspension and engine.
The medical and pharmaceutical segment plays an important role in the polymer bearing market due to its specific needs and applications. Polymer bearings are engineered components made of a variety of polymers, offering advantages such as corrosion resistance, lightweight properties, low friction and reduced maintenance requirements in medical and pharmaceutical industries where accuracy, cleanliness and reliability are paramount.
Global Polymer Bearing Market By End-Use
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Polymer Bearing Market Regional Insights
Asia-Pacific dominates the global polymer bearing market owing to the rapidly developing technologies in the region. Potential growth lies in emerging markets such as India and South Korea. The Asia-Pacific polymer bearing market has witnessed a steady growth owing to the increasing demand for polymer bearings in the food, beverage, distribution and logistics industries. The Asia-Pacific region is expected to grow at a CAGR of around 4% during the forecast period. This growth is driven by major client countries such as India and China, Asia-Pacific region dominates the global polymer bearing market. China accounts for the largest share of the polymer bearing market, followed by India and Japan, and is expected to be the dominant application during the forecast period.
The North America region in the market for polymer bearing is driven by the expanding industrialization in the region. The market in North America is primarily driven by the rise of polymeric bearings in healthcare and manufacturing sectors. Advances in polymer bearing applications are driving demand for polymer bearings in this sector. The North America region for polymer concepts is driven by the expanding industrialization in the region. The market in North America is primarily driven by the high demand for polymeric bearings in healthcare and manufacturing sectors. Advances in polymer bearing applications are driving demand for polymer bearings in this sector.
Global Polymer Bearing Market By Region
- Largest
- Fastest
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Polymer Bearing Market Dynamics
Drivers
- Increasing Industrial Demand for Polymer Bearings
Increasing demand for polymer bearings in industrial sectors such as medical & pharmaceutical, automotive, textiles, food processing, among others is expected to be a major factor driving the growth of the polymer bearing market. After automobiles, the automotive industry is the second largest consumer of polymers. According to the Gulf Petrochemicals and Chemicals Association, about 1/3 of the 30,000 auto parts are made of plastic. Automobiles are made of about 39 different types of plastics and polymers. But more than 70% of plastics used in automobiles are composed of four polymers, polypropylene, polyurethane, polyamide and polyvinyl chloride (PVC).
- Rising Applications of Polymer Bearings
Expanding application of polymer bearings in automotive, medical & pharmaceutical, textiles, food processing, pharmaceutical, office supplies, semiconductor industries is contributing to the expansion of polymer bearing market across the globe. Polymer bearings are preferred over metal surfaces. Polymers have many advantages compared to other traditional bearing materials. Polymer bearings are corrosion resistant and chemical resistant. Because these bearings are self-lubricating, heat is not transferred to other machinery assembly areas, eliminating the risk of failure due to lack of maintenance so these products are driving the expansion of the global polymer bearing market.
Restraints
- Strict Regulations and Low Temperatures
But stringent government regulations on its use in the food packaging and processing industries have restricted further expansion of the polymer bearing industry in addition to changes in raw material prices that has restricted the profitability of the industry, thereby affecting the price trend of polymer bearing. Furthermore, phenolic bearings with low thermal conductivity due to friction requiring continuous supply of water or lubricating oil to reduce temperature may also hamper market growth.
- Initial Price of the Drug Increases in Order to Hinder Market Growth
This industry faces challenges due to variable inputs and high maintenance costs, which hamper its growth and profitability. Changes in raw material costs can have a significant impact on this industry. As prices increase, bearings are usually made of metal, ceramic, or polymers. Fluctuations in raw material costs have a direct impact on production carrying costs, making it difficult for manufacturers to maintain price stability and profitability in 2010. Producers may also find it difficult to obtain consistent and high-quality raw materials at competitive prices, disrupting the supply chain.
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Polymer Bearing Market Competitive Landscape
The competitive environment of the global Polymer Bearing market is dynamic and characterized by the presence of a mix of well-established brands, emerging players, and niche producers. Innovation is a key competitive factor. The established players frequently pay attention to research and improvement activities to decorate the overall performance characteristics in their DINP merchandise and ensure compliance with evolving regulatory standards. Collaborations, mergers, and acquisitions are common techniques hired by means of these agencies to reinforce their market positions and enlarge their product portfolios.
Top Player’s Company Profiles
- SKF (Sweden)
- Igus (Germany)
- Synnovia (UK)
- Altra Industrial Motion Corp (US)
- Dotmar Engineering Plastics (Australia)
- Saint-Gobain (France)
- OILES CORPORATION (Japan)
- Kashima Bearings, Inc. (Japan)
- KMS Bearings, Inc. (US)
- TOK, inc. (Japan)
- Xinzhou Bearing Industrial Inc. (China)
- Waukesha Bearings (US)
- ISB Industries (Italy)
Recent Developments
- In March 2023, for deep grooved xiros ball bearings, exclusively designed for medical technology, igus has introduced a new high-strength plastic material called xirodur MT180.
- In September 2022, the agreement to purchase GGB Bearing Technology (GGB) from The Timken Company was completed.
- March 2023– NSK Bearings, a leading premium bearing manufacturer, has signed an agreement with the Tokyo Institute of Technology to establish the Advanced Tribal Innovation Research Center This innovation center is helping to foster innovation and open research mouth in ethnic science.
Polymer Bearing Key Market Trends
- Increased Demand from Automotive Industry: This is anticipated to boost the global polymer bearing market owing to the characteristics of these bearings, such as their grease-free nature, high corrosion and fatigue resistance in textiles, materials a used in packaging, food and packaging applications. Polymer bearings extensive end -use industries are fueling the growth of the global polymer bearing market. Moreover, polymer bearings are in demand in a wide range of industries due to their friction excellent low density and high wear resistance due to which besides, the 3D Advancement in printing technology is anticipated to provide growth opportunities in the global polymer holder market. Custom 3D printed plain bearings made of high-performance polymers last longer than conventional 3D printed materials. 3D printing gives bearing manufacturers a way to innovate, creating bearings that increase performance. The increasing popularity of 3D printing is expected to boost the industrial applications of polymer bearings.
Polymer Bearing Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Correlates, and Analyzes the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
In recent years, plastics have become one of the most important materials for vehicle structure, performance and safety. The growth in the use of plastics is driven by the development of lightweight fuel efficiency to improve and therefore reduce greenhouse gas emissions along with various organic, synthetic and hybrid polymers. For example, Igus provides plastic solutions for food processing machinery and equipment to meet stringent food hygiene and food safety standards at every stage of the process.
| Report Metric | Details |
|---|---|
| Market size value in 2022 | USD 9.63 billion |
| Market size value in 2031 | USD 14.31 billion |
| Growth Rate | 4.5% |
| Base year | 2023 |
| Forecast period | 2024-2031 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
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| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
|
| Customization scope | Free report customization with purchase. Customization includes:-
|
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Polymer Bearing Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Polymer Bearing Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Polymer Bearing Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Polymer Bearing Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Polymer Bearing Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Polymer Bearing Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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