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Polymer Bearing – How The Market Developments Of Key Players Impact The Overall Industry?

Author : Rahul Varpe | Published Date : 2019-03-22 

Phenolic bearings dominate polymer bearing market as they have replaced wood and metal bearings due to strength and shock resistance properties. Strong applications outlook in electrical switch-gear, rubber-shaft bearings and propeller in ships, water-turbine and rolling-mill bearings will drive product demand.

Nylon bearings produce low friction and require no lubrication when compared to phenolics. They are subjected to low wear & tear and can be easily molded. Cast Nylons Ltd. produces NYLOIL-FG which is a self-lubricating nylon bearing used in the food industry is manufactured in compliance with FDA and USDA 3A Sanitary Standards. Companies are engaged in new product development which may propel polymer bearing industry growth.

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Polymer Bearing Market size may grow significantly over the projected period. Strong application scope in automotive, food processing and packaging, textile and medical and pharmaceutical industry will drive product demand.

Global bearing market was valued at USD 80 billion in 2015 and may exceed USD 110 billion by 2024, with gains at over 6% owing to heavy machinery production. China accounted for over 25% of the total market share owing to rising vehicle demand and machinery production. Mining and construction equipment market in India, Indonesia, Thailand, South Korea and Taiwan may facilitate polymer bearing demand.

Polymer bearing have possible applications in variety of medical devices like hospital beds, x-ray machines, dental chairs, operating tables and wheel chairs. Increasing technological innovations in healthcare sector has led to rise in demand for medical devices which may have positive influence on polymer bearing market size. Global medical device market was estimated over USD 225 billion in 2016 and it may surpass USD 500 billion by 2024. U.S. medical device market was valued over USD 125 billion in 2016 and represents over 35% of the global market.

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Europe, driven by UK, France and Germany polymer bearing market size may grow significantly owing to strong fixed investment environment and manufacturing of motor vehicles driving regional industry growth. Increasing application scope in non-food & beverages packaging applications including, pharmaceutical, household chemicals and cosmetics & toiletries may drive regional product demand.
 
Global polymer bearing market share is fragmented. Key market players operating in this industry are BNL, SKF, Igus Inc., Boston Gear LLC., Saint-Gobain, Oiles Corporation, KMS Bearings, Kashima Bearings, Kilian Manufacturing and Dotmar Engineering Plastic Products.

About Author

Rahul Varpe

Rahul Varpe

Rahul Varpe currently writes for fractovia. A communication Engineering graduate by education, Rahul started his journey in as a freelancer writer along with regular jobs. Rahul has a prior experience in writing as well as marketing of services and products online. Apart from being an avid reader, his other hobbies include music and sketching. He can be contacted at- [email protected] | https://twitter.com/varperahul

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