Polymer Bearing Market to Reach USD 15.18 Billion by 2030

Polymer Bearing Market Projected to Reach USD 15.18 Billion by 2030, Driven by Automotive and Industrial Innovations

The global polymer bearing market, valued at USD 11.16 billion in 2023, is anticipated to grow at a CAGR of 4.5%, reaching USD 15.18 billion by 2030. This growth is propelled by increasing demand in automotive, medical, and renewable energy sectors, where polymer bearings offer advantages such as corrosion resistance, lightweight, and self-lubrication.​

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Polymer Bearing Market Competitive Landscape

Key players in the polymer bearing market include 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), and ISB Industries (Italy). ​

Polymer Bearing Market Country-Specific Insights

Growth Opportunities in Vietnam

Vietnam's polymer bearing market is experiencing growth due to increased industrialization and demand in sectors like automotive and manufacturing. The government's focus on infrastructure development and foreign investments is expected to further boost the market.​

Market Trends in Thailand

Thailand is witnessing a surge in demand for polymer bearings, driven by the expansion of its automotive and electronics industries. The country's strategic location and trade agreements make it a hub for manufacturing and exports, positively impacting the polymer bearing market.​

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Innovation Growth in Japan

Japan's polymer bearing market is characterized by technological advancements and high-quality manufacturing. Companies like OILES CORPORATION and Kashima Bearings, Inc. are leading in innovation, catering to the automotive and industrial machinery sectors. The market is expected to grow steadily with a focus on precision engineering and sustainability.​

Consolidation Trends in South Korea

South Korea's polymer bearing market is consolidating, with major players investing in research and development to enhance product offerings. The country's emphasis on robotics and automation presents opportunities for polymer bearing applications in high-tech industries.​

Updation Trends in Singapore

Singapore is updating its manufacturing sector with smart technologies, leading to increased adoption of polymer bearings in precision equipment. The government's support for innovation and sustainability is fostering growth in the polymer bearing market.​

Market Opportunities in the United States

The United States polymer bearing market is projected to reach USD 4.8 billion by 2033, growing at a CAGR of 10.1% from 2023 to 2033. Large-scale production and distribution, along with investments in research and development, are driving this growth. ​

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Future Market Insights

Expansion Trends in Europe

Europe's polymer bearing market is expanding, with Germany leading due to its strong automotive and industrial sectors. The region's focus on energy efficiency and environmental regulations is encouraging the adoption of polymer bearings.

Mergers & Acquisitions

In September 2022, The Timken Company acquired GGB Bearing Technology, enhancing its product portfolio in the polymer bearing segment. ​
Future Market Insights

In 2023, Timken further expanded its Industrial Motion segment with the acquisitions of Des-Case, Rosa Sistemi, and Lagersmit, strengthening its position in the polymer bearing market. ​

Polymer Bearing Market Segmentation

by Type of Material

Phenolics
Nylon
Teflon
Acetal
UHMWPE (Ultra High Molecular Weight Polyethylene)
Others

The market is divided into six segments based on material type: phenolics, nylon, teflon, acetal, UHMWPE (Ultra High Molecular Weight Polyethylene), and others. The Phenolics segment dominated the Polymer Bearing Market in 2023 and is likely to continue to do so during the forecast period. Phenolics act as a self-lubricating material and can replace material and metal bearings in a variety of applications. Cotton fabric treated with phenolic resin is one example of a phenolic compound. It is quickly absorbed in liquids, making them perfect for automotive applications. Because of their great strength and low weight, phenolic compound bearings are well-known for replacing steel bearings on propellers and rubber shafts on ships.

by Type of Bearing

Ball bearing
Roller bearing

The market is divided into four segments based on the kind of bearing: ball bearing, roller bearing, needle bearing, and plain bearing. The roller bearing category held the highest proportion of the Polymer Bearing Market in 2023 and is likely to continue to dominate the market during the forecast period. Roller bearings minimize rotational friction and support axial and radial loads more efficiently than their rivals, which is projected to drive market expansion in the roller bearing segment. The use of roller bearings in numerous industries, including capital equipment, automobiles, and automobiles, has a beneficial impact on product demand, which is projected to drive market expansion.

by Application

Motors
Gears
Drive shaft
Idler Wheels
Wheel Pivots
X-ray robots

by End-user
• Medical Industry
Lawn & Garden tool
Marine industry
Aerospace
Automotive
Agriculture

The market is divided into six segments based on end-user: medical, lawn and garden equipment, marine, aerospace, automotive, and agricultural. The automotive segment dominated the Polymer Bearing Market in 2023 and is likely to continue to do so during the forecast period. The automotive category commanded a sizable share of the market. The vehicle industry uses polymer bearings to make various types of gears, pedal systems, and seating systems. Cost benefits are extremely important in the automotive business.

Polymer Bearing Market Key Recent Developments

In March 2023, Igus introduced a new plastic material, xirodur MT180, for its xiros ball bearings, targeting medical technology applications. ​

In 2024, Igus launched a series of custom polymer bearings designed for specific industrial automation needs, featuring high-performance materials for superior durability. ​

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