Bearing is referred as machine element which constrains relative 
motion and reduces friction between moving parts of the machine to 
desired relative motion. Bearing become very essential for to increase 
life span of the machine. For, bearing to perform under demanding 
conditions lubricants become very critical part to keep the bearing in 
good shape. Lubrication helps in maintaining life span, torque, speed, 
noise, temperature and rust prevention of the bearing. Bearing oil is 
the most used lubricant to keep the bearing in good share, in turn 
keeping the machine in good condition.

Machine that requires extremely low torque or narrow range of torque 
variation, bearing oil as a lubricant is best. Previously most of 
bearing oil was refined from petroleum. However, with improved 
technology synthetic oils such as diesters, silicone polymers and 
fluorinated compounds are used to refine bearing oil with improved 
qualities.

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Bearing oil
 refined from diesters consists of properties such as lower volatility 
and better viscosity characteristics compared to oil refined from 
petroleum. Bearing oil as a lubricant is majorly used by automotive 
industry. Other major application of bearing oil includes low speed 
instrument oil, aircraft bearings oil, automotive radiator cooling fan, 
high temperature motor bearings, vacuum cleaner and power tool 
applications.

North America has the largest market share for bearing oil, followed 
by Europe and Asia Pacific. North America is expected to maintain its 
dominance in the forecasted period owing to increasing demand from 
manufacturing industry in the U.S. Europe is expected to show average 
growth.

However, Asia Pacific region is expected to witness highest growth in
 the coming future due to increasing number of manufacturing in the 
emerging markets such as China and India.

Increasing demand of bearing by the automotive industry is driving 
the global bearing oil market. In 2013, bearing demand from automotive 
industry in China was 1.1 billion units; this is expected to reach 1.2 
billion units till the end of 2014. Additionally, expansion of railway 
in major countries such as China, India and other European countries is 
expected to demand more bearing, in turn demand for bearing oil is 
expected to increase. Also, increasing demand of bearing from the 
manufacturing industry for proper working of the machine is further 
expected to increase the demand for bearing oil in the global market.

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Increased global demand for bearing in the global market is 
influencing the market players to invest in bearing oil business. Some 
of the major companies operating in the global bearing oil market are 
Timken, Schaeffler AG, NACHI-FUJIKOSHI CORP., Minebea Co., Ltd., NSK 
Ltd., NTN Corporation, SKF Group, JTEKT Corporation, Tianma Bearing 
Group Co., Ltd, Wafangdian Bearing Group Corp and Harbin Bearing 
Manufacturing Co., Ltd