The Europe Plastics for Tribology Application Market size is projected to reach US$ 13.04 billion by 2031 from US$ 7.99 billion in 2023. The market is expected to register a CAGR of approximately 6.3% during 2023–2031. The growing demand from end-use industries, including automotive, aerospace, industrial machinery, and oil & gas, is likely to remain a key Europe plastics for tribology application market trend.
Europe Plastics for Tribology Application Market Analysis
As industrial sectors expand and modernize across Europe, there is a growing need for durable, high-performance machinery components that can withstand extreme conditions during the production process while maintaining efficiency and reliability. According to the Eurostat, in December 2023, industrial production in the Euro area and the EU increased by 1.2% compared to December 2022. This industrial activity surge necessitates producing machinery components that can endure prolonged use without succumbing to wear and tear.
Plastics have emerged as a key material for addressing these challenges due to their inherent tribological advantages, including low friction, excellent wear resistance, and self-lubricating properties. As a result, manufacturers are increasingly turning to plastics for the production of critical components such as bearings, gears, bushings, and seals, which are integral for the smooth operation of industrial machinery. The adoption of advanced manufacturing technologies in Europe, such as CNC machining, injection molding, and additive manufacturing, has facilitated the production of complex plastic components with precise geometries and tailored tribological properties. This enables manufacturers to meet the specific performance requirements of diverse industrial applications, ranging from automotive and aerospace to pharmaceuticals and food processing. Manufacturers are seeking innovative solutions that offer superior performance and longevity, making plastics an increasingly indispensable choice for tribological challenges in industrial machinery.
Europe Plastics for Tribology Application Market Overview
Plastics for tribology applications represent diverse materials specifically engineered to excel in friction, wear, and lubrication scenarios across industries. These plastics play a vital role in various industries, including automotive, aerospace, manufacturing, oil & gas, and marine. Plastics have emerged as promising materials for tribological applications due to their lightweight nature, versatility, and ability to be tailored for specific requirements. The increasing demand for high-performance materials that can withstand extreme operating conditions while reducing energy consumption and maintenance costs is the significant driver of the Europe plastics for tribology application market. Moreover, polymer science and engineering advancements have led to the development of specialized plastic compounds and composites with enhanced tribological properties.
The increasing shift toward digitalization and industry 4.0 technologies is also expected to create new opportunities for plastics in tribology applications. Smart components equipped with sensors and monitoring systems require materials that can withstand high loads and prolonged use without compromising performance. Plastics with tailored tribological properties are well-suited for such applications. Thus, all these factors are contributing to the overall growth of the market.
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Europe Plastics for Tribology Application Market: Strategic Insights
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Europe Plastics for Tribology Application Market: Strategic Insights
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Europe Plastics for Tribology Application Market Drivers and Opportunities
Surging Adoption of High-Performance Plastics Bolster Europe Plastics for Tribology Application Market Growth
High-performance plastics, characterized by their exceptional mechanical properties, temperature resistance, and chemical stability, are increasingly widely used across various industries for their ability to address demanding tribological challenges. As industrial processes become more sophisticated and operating conditions become more extreme, the need for tribological materials that can withstand such conditions while maintaining optimal performance has grown exponentially. High-performance plastics in tribology applications are the relentless pursuit of efficiency and reliability in industrial machinery. Components such as bearings, gears, and seals are subjected to rigorous conditions, including high loads, speeds, and temperatures, which can lead to accelerated wear and reduced lifespan if not properly addressed. High performance offers superior tribological characteristics, such as low friction coefficients, excellent wear resistance, and self-lubricating properties, making them ideal for these critical applications.
Growing Automotive Industry in Europe
The demand for lightweight materials with excellent friction, wear, and insulation properties is escalating as the automotive industry undergoes a significant shift toward electrification to combat climate change and reduce greenhouse gas emissions. Plastics offer a compelling solution to meet these requirements, as they can be precisely engineered to deliver optimal performance in critical EV components such as bearings, seals, and insulation systems. Additionally, the lightweight nature of plastics contributes to the overall efficiency and range of electric vehicles, further accentuating their appeal. Thus, the evolving automotive industry drives the Europe plastics for tribology application market. Thus, all these factors are expected to drive the Europe plastics for tribology application market.
Europe Plastics for Tribology Application Market Report Segmentation Analysis
Key segments that contributed to the derivation of Europe plastics for tribology application market analysis are material, application, and end use.
- Based on material, the market is segmented into polyamide (PA), polyoxymethylene (POM), polyethylene terephthalate (PET), polyphthalamide (PPA), polyvinylidene fluoride (PVDF), polyphenylene sulfide (PPS), polyetheretherketone (PEEK), and others. The polyamide (PA) segment held the largest share of the market in 2023.
- In terms of application, the market is segmented into bearings, gears, seals, bushings, and others. The bearings segment held the largest share of the market in 2023.
- On the basis of end use, the market is bifurcated into the automotive, aerospace, industrial machinery, oil & gas, marine, and others. The automotive segment held a larger market share in 2023.
Europe Plastics for Tribology Application Market Share Analysis by Geography
The geographic scope of the Europe plastics for tribology application market report is mainly divided into Germany, France, Italy, the UK, Russia, and the Rest of Europe.
In terms of revenue, Germany dominated the Europe plastics for tribology application market share in 2023. The automotive industry, a significant sector in Germany, is increasingly turning to plastics for tribological purposes. Plastics offer advantages such as reduced weight, improved fuel efficiency, and enhanced performance in various components such as bearings, gears, and seals. According to the European Commission, Germany is the largest automotive market in Europe, accounting for 25% of the total passenger cars manufactured in the region. According to the Organisation Internationale des Constructeurs d'Automobiles, Germany's automotive production grew by 33% to 4.1 million units in 2023 from 3.1 million units in 2022. The report also states that the country is a hub for 15 automotive suppliers out of 75 global companies. In addition, according to the Germany Trade & Invest GmbH, Germany is Europe's largest automotive market, with strong production and sales, accounting for ~25% of all passenger cars manufactured and almost 20% of all new registrations. Germany also possesses the largest concentration of original equipment manufacturer (OEM) plants in Europe. With 44 OEM sites located in Germany, the OEM market share of Germany in the European Union was more than 55% in 2021. The demand for plastics with superior tribological properties rises as the automotive industry continues to innovate and adapt to stricter environmental regulations.
Europe Plastics for Tribology Application Market Report Scope
Europe Plastics for Tribology Application Market News and Recent Developments
The Europe plastics for tribology application market is evaluated by gathering qualitative and quantitative data post primary and secondary research, which includes important corporate publications, association data, and databases. The following is a list of developments in the market for plastics for tribology applications and strategies:
- In March 2022, Evonik developed a PEEK molding compound (polyetheretherketone) with very good tribological properties and high durability for use in the harsh environment of an internal combustion engine to replace metal gears. The series component is manufactured by IMS Gear SE & Co KGaA and is used by Mercedes-Benz AG in various models. (Source: Evonik Industries AG, Press Release, 2022)
Europe Plastics for Tribology Application Market Report Coverage and Deliverables
The "Europe Plastics for Tribology Application Market Size and Forecast (2021–2031)" report provides a detailed analysis of the market covering below areas:
- Market size and forecast at global, regional, and country levels for all the key market segments covered under the scope
- Market dynamics such as drivers, restraints, and key opportunities
- Key future trends
- Detailed Porter's Five Forces and SWOT analysis
- Global and regional market analysis covering key market trends, major players, regulations, and recent market developments
- Industry landscape and competition analysis covering market concentration, heat map analysis, prominent players, and recent developments
- Detailed company profiles
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
This text is related
to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
This text is related
to country scope.
1. Introduction
1.1 The Insight Partners Research Report Guidance
1.2 Market Segmentation
1.3 Limitations and Assumptions
2. Executive Summary
2.1 Key Insights
2.2 Market Attractiveness
3. Research Methodology
3.1 Secondary Research
3.2 Primary Research
3.2.1 Hypothesis formulation:
3.2.2 Macro-economic factor analysis:
3.2.3 Developing base number:
3.2.4 Data Triangulation:
3.2.5 Country level data:
4. Europe Plastics for Tribology Application Market Landscape
4.1 Overview
4.2 Porter's Five Forces Analysis
4.2.1 Bargaining Power of Suppliers
4.2.2 Bargaining Power of Buyers
4.2.3 Threat of New Entrants
4.2.4 Intensity of Competitive Rivalry
4.2.5 Threat of Substitutes
4.3 Ecosystem Analysis
4.3.1 Raw Material Suppliers:
4.3.2 Manufacturers:
4.3.3 Distributors/Suppliers :
4.3.4 OEM:
4.3.5 End Users:
4.4 List of Vendors in the Value Chain
5. Europe Plastics for Tribology Application Market – Key Market Dynamics
5.1 Europe Plastics for Tribology Application Market – Key Market Dynamics
5.2 Market Drivers
5.2.1 Growing Automotive Industry
5.2.2 Rising Industrial Production
5.3 Market Restraints
5.3.1 Availability of Substitutes
5.4 Market Opportunities
5.4.1 Growing Focus on Sustainable Solutions
5.5 Future Trends
5.5.1 Surging Adoption of High-Performance Plastics
5.6 Impact of Drivers and Restraints:
6. Europe Plastics for Tribology Application Market Analysis
6.1 Europe Plastics for Tribology Application Market Volume (Kilo Tons), 2023–2031
6.2 Europe Plastics for Tribology Application Market Forecast and Analysis
6.3 Europe Plastics for Tribology Application Market Revenue (US$ Million), 2023–2031
6.4 Europe Plastics for Tribology Application Market Forecast and Analysis
7. Europe Plastics for Tribology Application Market Analysis – by Material
7.1 Polyamide (PA)
7.1.1 Overview
7.1.2 Polyamide (PA): Europe Plastics for Tribology Application Market – Volume and Forecast to 2031 (Kilo Tons)
7.1.3 Polyamide (PA): Europe Plastics for Tribology Application Market – Revenue and Forecast to 2031 (US$ Million)
7.2 Polyoxymethylene (POM)
7.2.1 Overview
7.2.2 Polyoxymethylene (POM): Europe Plastics for Tribology Application Market – Volume and Forecast to 2031 (Kilo Tons)
7.2.3 Polyoxymethylene (POM): Europe Plastics for Tribology Application Market – Revenue and Forecast to 2031 (US$ Million)
7.3 Polyethylene Terephthalate (PET)
7.3.1 Overview
7.3.2 Polyethylene Terephthalate (PET): Europe Plastics for Tribology Application Market – Volume and Forecast to 2031 (Kilo Tons)
7.3.3 Polyethylene Terephthalate (PET): Europe Plastics for Tribology Application Market – Revenue and Forecast to 2031 (US$ Million)
7.4 Polyphthalamide (PPA)
7.4.1 Overview
7.4.2 Polyphthalamide (PPA): Europe Plastics for Tribology Application Market – Volume and Forecast to 2031 (Kilo Tons)
7.4.3 Polyphthalamide (PPA): Europe Plastics for Tribology Application Market – Revenue and Forecast to 2031 (US$ Million)
7.5 Polyvinylidene Fluoride (PVDF)
7.5.1 Overview
7.5.2 Polyvinylidene Fluoride (PVDF): Europe Plastics for Tribology Application Market – Volume and Forecast to 2031 (Kilo Tons)
7.5.3 Polyvinylidene Fluoride (PVDF): Europe Plastics for Tribology Application Market – Revenue and Forecast to 2031 (US$ Million)
7.6 Polyphenylene Sulfide (PPS)
7.6.1 Overview
7.6.2 Polyphenylene Sulfide (PPS): Europe Plastics for Tribology Application Market – Volume and Forecast to 2031 (Kilo Tons)
7.6.3 Polyphenylene Sulfide (PPS): Europe Plastics for Tribology Application Market – Revenue and Forecast to 2031 (US$ Million)
7.7 Polyetheretherketone (PEEK)
7.7.1 Overview
7.7.2 Polyetheretherketone (PEEK): Europe Plastics for Tribology Application Market – Volume and Forecast to 2031 (Kilo Tons)
7.7.3 Polyetheretherketone (PEEK): Europe Plastics for Tribology Application Market – Revenue and Forecast to 2031 (US$ Million)
7.8 Others
7.8.1 Overview
7.8.2 Others: Europe Plastics for Tribology Application Market – Volume and Forecast to 2031 (Kilo Tons)
7.8.3 Others: Europe Plastics for Tribology Application Market – Revenue and Forecast to 2031 (US$ Million)
8. Europe Plastics for Tribology Application Market Analysis – by Application
8.1 Bearings
8.1.1 Overview
8.1.2 Bearings: Europe Plastics for Tribology Application Market – Revenue and Forecast to 2031 (US$ Million)
8.2 Gears
8.2.1 Overview
8.2.2 Gears: Europe Plastics for Tribology Application Market – Revenue and Forecast to 2031 (US$ Million)
8.3 Seals
8.3.1 Overview
8.3.2 Seals: Europe Plastics for Tribology Application Market – Revenue and Forecast to 2031 (US$ Million)
8.4 Bushings
8.4.1 Overview
8.4.2 Bushings: Europe Plastics for Tribology Application Market – Revenue and Forecast to 2031 (US$ Million)
8.5 Others
8.5.1 Overview
8.5.2 Others: Europe Plastics for Tribology Application Market – Revenue and Forecast to 2031 (US$ Million)
9. Europe Plastics for Tribology Application Market Analysis – by End-Use
9.1 Automotive
9.1.1 Overview
9.1.2 Automotive: Europe Plastics for Tribology Application Market – Revenue and Forecast to 2031 (US$ Million)
9.2 Aerospace
9.2.1 Overview
9.2.2 Aerospace: Europe Plastics for Tribology Application Market – Revenue and Forecast to 2031 (US$ Million)
9.3 Industrial Machinery
9.3.1 Overview
9.3.2 Industrial Machinery: Europe Plastics for Tribology Application Market – Revenue and Forecast to 2031 (US$ Million)
9.4 Oil and Gas
9.4.1 Overview
9.4.2 Oil and Gas: Europe Plastics for Tribology Application Market – Revenue and Forecast to 2031 (US$ Million)
9.5 Marine
9.5.1 Overview
9.5.2 Marine: Europe Plastics for Tribology Application Market – Revenue and Forecast to 2031 (US$ Million)
9.6 Others
9.6.1 Overview
9.6.2 Others: Europe Plastics for Tribology Application Market – Revenue and Forecast to 2031 (US$ Million)
10. Europe Plastics for Tribology Application Market – Country Analysis
10.1 Europe
10.1.1 Europe Plastics for Tribology Application Market Breakdown by Countries
10.1.2 Europe Plastics for Tribology Application Market Revenue and Forecast and Analysis – by Country
10.1.2.1 Germany: Europe Plastics for Tribology Application Market – Revenue and Forecast to 2031 (US$ Million)
10.1.2.1.1 Germany: Europe Plastics for Tribology Application Market Breakdown by Material
10.1.2.1.2 Germany: Europe Plastics for Tribology Application Market Breakdown by Application
10.1.2.1.3 Germany: Europe Plastics for Tribology Application Market Breakdown by End-Use
10.1.2.2 France: Europe Plastics for Tribology Application Market – Revenue and Forecast to 2031 (US$ Million)
10.1.2.2.1 France: Europe Plastics for Tribology Application Market Breakdown by Material
10.1.2.2.2 France: Europe Plastics for Tribology Application Market Breakdown by Application
10.1.2.2.3 France: Europe Plastics for Tribology Application Market Breakdown by End-Use
10.1.2.3 UK: Europe Plastics for Tribology Application Market – Revenue and Forecast to 2031 (US$ Million)
10.1.2.3.1 UK: Europe Plastics for Tribology Application Market Breakdown by Material
10.1.2.3.2 UK: Europe Plastics for Tribology Application Market Breakdown by Application
10.1.2.3.3 UK: Europe Plastics for Tribology Application Market Breakdown by End-Use
10.1.2.4 Italy: Europe Plastics for Tribology Application Market – Revenue and Forecast to 2031 (US$ Million)
10.1.2.4.1 Italy: Europe Plastics for Tribology Application Market Breakdown by Material
10.1.2.4.2 Italy: Europe Plastics for Tribology Application Market Breakdown by Application
10.1.2.4.3 Italy: Europe Plastics for Tribology Application Market Breakdown by End-Use
10.1.2.5 Rest of Europe: Europe Plastics for Tribology Application Market – Revenue and Forecast to 2031 (US$ Million)
10.1.2.5.1 Rest of Europe: Europe Plastics for Tribology Application Market Breakdown by Material
10.1.2.5.2 Rest of Europe: Europe Plastics for Tribology Application Market Breakdown by Application
10.1.2.5.3 Rest of Europe: Europe Plastics for Tribology Application Market Breakdown by End-Use
11. Competitive Landscape
11.1 Heat Map Analysis by Key Players
11.2 Company Positioning & Concentration
12. Industry Landscape
12.1 Overview
12.2 Market Initiative
12.3 Product News & Company News
12.4 Collaboration and Mergers & Acquisitions
13. Company Profiles
13.1 BASF SE
13.1.1 Key Facts
13.1.2 Business Description
13.1.3 Products and Services
13.1.4 Financial Overview
13.1.5 SWOT Analysis
13.1.6 Key Developments
13.2 DuPont de Nemours Inc
13.2.1 Key Facts
13.2.2 Business Description
13.2.3 Products and Services
13.2.4 Financial Overview
13.2.5 SWOT Analysis
13.2.6 Key Developments
13.3 Covestro AG
13.3.1 Key Facts
13.3.2 Business Description
13.3.3 Products and Services
13.3.4 Financial Overview
13.3.5 SWOT Analysis
13.3.6 Key Developments
13.4 SABIC
13.4.1 Key Facts
13.4.2 Business Description
13.4.3 Products and Services
13.4.4 Financial Overview
13.4.5 SWOT Analysis
13.4.6 Key Developments
13.5 Lanxess AG
13.5.1 Key Facts
13.5.2 Business Description
13.5.3 Products and Services
13.5.4 Financial Overview
13.5.5 SWOT Analysis
13.5.6 Key Developments
13.6 Toray Industries Inc
13.6.1 Key Facts
13.6.2 Business Description
13.6.3 Products and Services
13.6.4 Financial Overview
13.6.5 SWOT Analysis
13.6.6 Key Developments
13.7 Mitsubishi Chemical Group Corp
13.7.1 Key Facts
13.7.2 Business Description
13.7.3 Products and Services
13.7.4 Financial Overview
13.7.5 SWOT Analysis
13.7.6 Key Developments
13.8 Solvay SA
13.8.1 Key Facts
13.8.2 Business Description
13.8.3 Products and Services
13.8.4 Financial Overview
13.8.5 SWOT Analysis
13.8.6 Key Developments
13.9 Arkema SA
13.9.1 Key Facts
13.9.2 Business Description
13.9.3 Products and Services
13.9.4 Financial Overview
13.9.5 SWOT Analysis
13.9.6 Key Developments
13.10 Evonik Industries AG
13.10.1 Key Facts
13.10.2 Business Description
13.10.3 Products and Services
13.10.4 Financial Overview
13.10.5 SWOT Analysis
13.10.6 Key Developments
14. Appendix
14.1 About The Insight Partners
List of Tables
Table 1. Europe Plastics for Tribology Application Market Segmentation
Table 2. List of Vendors
Table 3. Europe Plastics for Tribology Application Market – Volume and Forecast to 2031 (Kilo Tons)
Table 4. Europe Plastics for Tribology Application Market – Revenue and Forecast to 2031 (US$ Million)
Table 5. Europe Plastics for Tribology Application Market – Volume and Forecast to 2031 (Kilo Tons) – by Material
Table 6. Europe Plastics for Tribology Application Market – Revenue and Forecast to 2031 (US$ Million) – by Material
Table 7. Europe Plastics for Tribology Application Market – Revenue and Forecast to 2031 (US$ Million) – by Application
Table 8. Europe Plastics for Tribology Application Market – Revenue and Forecast to 2031 (US$ Million) – by End-Use
Table 9. Germany: Europe Plastics for Tribology Application Market – Volume and Forecast to 2031 (Kilo Tons) – by Material
Table 10. Germany: Europe Plastics for Tribology Application Market – Revenue and Forecast to 2031 (US$ Million) – by Material
Table 11. Germany: Europe Plastics for Tribology Application Market – Revenue and Forecast to 2031 (US$ Million) – by Application
Table 12. Germany: Europe Plastics for Tribology Application Market – Revenue and Forecast to 2031 (US$ Million) – by End-Use
Table 13. France: Europe Plastics for Tribology Application Market – Volume and Forecast to 2031 (Kilo Tons) – by Material
Table 14. France: Europe Plastics for Tribology Application Market – Revenue and Forecast to 2031 (US$ Million) – by Material
Table 15. France: Europe Plastics for Tribology Application Market – Revenue and Forecast to 2031 (US$ Million) – by Application
Table 16. France: Europe Plastics for Tribology Application Market – Revenue and Forecast to 2031 (US$ Million) – by End-Use
Table 17. UK: Europe Plastics for Tribology Application Market – Volume and Forecast to 2031 (Kilo Tons) – by Material
Table 18. UK: Europe Plastics for Tribology Application Market – Revenue and Forecast to 2031 (US$ Million) – by Material
Table 19. UK: Europe Plastics for Tribology Application Market – Revenue and Forecast to 2031 (US$ Million) – by Application
Table 20. UK: Europe Plastics for Tribology Application Market – Revenue and Forecast to 2031 (US$ Million) – by End-Use
Table 21. Italy: Europe Plastics for Tribology Application Market – Volume and Forecast to 2031 (Kilo Tons) – by Material
Table 22. Italy: Europe Plastics for Tribology Application Market – Revenue and Forecast to 2031 (US$ Million) – by Material
Table 23. Italy: Europe Plastics for Tribology Application Market – Revenue and Forecast to 2031 (US$ Million) – by Application
Table 24. Italy: Europe Plastics for Tribology Application Market – Revenue and Forecast to 2031 (US$ Million) – by End-Use
Table 25. Rest of Europe: Europe Plastics for Tribology Application Market – Volume and Forecast to 2031 (Kilo Tons) – by Material
Table 26. Rest of Europe: Europe Plastics for Tribology Application Market – Revenue and Forecast to 2031 (US$ Million) – by Material
Table 27. Rest of Europe: Europe Plastics for Tribology Application Market – Revenue and Forecast to 2031 (US$ Million) – by Application
Table 28. Rest of Europe: Europe Plastics for Tribology Application Market – Revenue and Forecast to 2031 (US$ Million) – by End-Use
List of Figures
Figure 1. Europe Plastics for Tribology Application Market Segmentation, by Country
Figure 2. Porter's Five Forces Analysis
Figure 3. Ecosystem Analysis: Europe Plastics for Tribology Application Market
Figure 4. Impact Analysis of Drivers and Restraints
Figure 5. Europe Plastics for Tribology Application Market Volume (Kilo Tons), 2023–2031
Figure 6. Europe Plastics for Tribology Application Market Revenue (US$ Million), 2023–2031
Figure 7. Europe Plastics for Tribology Application Market Share (%) – by Material, 2023 and 2031
Figure 8. Polyamide (PA): Europe Plastics for Tribology Application Market– Volume and Forecast to 2031 (Kilo Tons)
Figure 9. Polyamide (PA): Europe Plastics for Tribology Application Market– Revenue and Forecast to 2031 (US$ Million)
Figure 10. Polyoxymethylene (POM): Europe Plastics for Tribology Application Market– Volume and Forecast to 2031 (Kilo Tons)
Figure 11. Polyoxymethylene (POM): Europe Plastics for Tribology Application Market– Revenue and Forecast to 2031 (US$ Million)
Figure 12. Polyethylene Terephthalate (PET): Europe Plastics for Tribology Application Market– Volume and Forecast to 2031 (Kilo Tons)
Figure 13. Polyethylene Terephthalate (PET): Europe Plastics for Tribology Application Market– Revenue and Forecast to 2031 (US$ Million)
Figure 14. Polyphthalamide (PPA): Europe Plastics for Tribology Application Market– Volume and Forecast to 2031 (Kilo Tons)
Figure 15. Polyphthalamide (PPA): Europe Plastics for Tribology Application Market– Revenue and Forecast to 2031 (US$ Million)
Figure 16. Polyvinylidene Fluoride (PVDF): Europe Plastics for Tribology Application Market– Volume and Forecast to 2031 (Kilo Tons)
Figure 17. Polyvinylidene Fluoride (PVDF): Europe Plastics for Tribology Application Market– Revenue and Forecast to 2031 (US$ Million)
Figure 18. Polyphenylene Sulfide (PPS): Europe Plastics for Tribology Application Market– Volume and Forecast to 2031 (Kilo Tons)
Figure 19. Polyphenylene Sulfide (PPS): Europe Plastics for Tribology Application Market– Revenue and Forecast to 2031 (US$ Million)
Figure 20. Polyetheretherketone (PEEK): Europe Plastics for Tribology Application Market– Volume and Forecast to 2031 (Kilo Tons)
Figure 21. Polyetheretherketone (PEEK): Europe Plastics for Tribology Application Market– Revenue and Forecast to 2031 (US$ Million)
Figure 22. Others: Europe Plastics for Tribology Application Market– Volume and Forecast to 2031 (Kilo Tons)
Figure 23. Others: Europe Plastics for Tribology Application Market– Revenue and Forecast to 2031 (US$ Million)
Figure 24. Europe Plastics for Tribology Application Market Share (%) – by Application, 2023 and 2031
Figure 25. Bearings: Europe Plastics for Tribology Application Market– Revenue and Forecast to 2031 (US$ Million)
Figure 26. Gears: Europe Plastics for Tribology Application Market– Revenue and Forecast to 2031 (US$ Million)
Figure 27. Seals: Europe Plastics for Tribology Application Market– Revenue and Forecast to 2031 (US$ Million)
Figure 28. Bushings: Europe Plastics for Tribology Application Market– Revenue and Forecast to 2031 (US$ Million)
Figure 29. Others: Europe Plastics for Tribology Application Market– Revenue and Forecast to 2031 (US$ Million)
Figure 30. Europe Plastics for Tribology Application Market Share (%) – by End-Use, 2023 and 2031
Figure 31. Automotive: Europe Plastics for Tribology Application Market– Revenue and Forecast to 2031 (US$ Million)
Figure 32. Aerospace: Europe Plastics for Tribology Application Market– Revenue and Forecast to 2031 (US$ Million)
Figure 33. Industrial Machinery: Europe Plastics for Tribology Application Market– Revenue and Forecast to 2031 (US$ Million)
Figure 34. Oil and Gas: Europe Plastics for Tribology Application Market– Revenue and Forecast to 2031 (US$ Million)
Figure 35. Marine: Europe Plastics for Tribology Application Market– Revenue and Forecast to 2031 (US$ Million)
Figure 36. Others: Europe Plastics for Tribology Application Market– Revenue and Forecast to 2031 (US$ Million)
Figure 37. Europe Plastics for Tribology Application Market Breakdown by Key Countries, 2023 and 2031 (%)
Figure 38. Germany: Europe Plastics for Tribology Application Market – Revenue and Forecast to 2031 (US$ Million)
Figure 39. France: Europe Plastics for Tribology Application Market – Revenue and Forecast to 2031 (US$ Million)
Figure 40. UK: Europe Plastics for Tribology Application Market – Revenue and Forecast to 2031 (US$ Million)
Figure 41. Italy: Europe Plastics for Tribology Application Market – Revenue and Forecast to 2031 (US$ Million)
Figure 42. Rest of Europe: Europe Plastics for Tribology Application Market – Revenue and Forecast to 2031 (US$ Million)
Figure 43. Heat Map Analysis by Key Players
Figure 44. Company Positioning & Concentration
The List of Companies - Europe Plastics for Tribology Application Market
- BASF SE
- DuPont de Nemours Inc
- Covestro AG
- SABIC
- Lanxess AG
- Toray Industries Inc
- Mitsubishi Chemical Group Corp
- Solvay SA
- Arkema SA
- Evonik Industries AG
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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