Polymer Bearing Market 2017 Share, Trend, Segmentation and Forecast Polymer Bearing Market - Global Industry Analysis, | Page 2

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.
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.
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