On the basis of end-user industry , the polymer bearings market is divided into the following segments : 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 .
The key market players are Alstom SA , Babcock Noell GmbH , Babcock & Wilcox Company , China Environment , Burns & McDonnell , FLSmidth & CO , Doosan Power Systems , Haldor Topsøe , Fuel Tech and Mitsubishi Heavy Industries among others . The report offers a comprehensive evaluation of the market . It does so via in-depth qualitative insights , historical data , and verifiable projections about market size . The projections featured in the report have been derived using proven research methodologies and assumptions . By doing so , the research report serves as a repository of analysis and information for every facet of the market , including but not limited to : Regional markets , technology , types , and applications .
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A complete backdrop analysis , which includes an assessment of the parent market Important changes in market dynamics Market segmentation up to the second or third level Historical , current , and projected size of the market from the standpoint of both value and volume Reporting and evaluation of recent industry developments Market shares and strategies of key players Emerging niche segments and regional markets