Multiple Trends Keep Demand for Ceramic Balls Rolling Along
Ceramic’s superior properties in comparison to alloys and metals is one of the most significant factors driving the ceramic balls market.
The market for ceramic balls is estimated to be $433 million in 2018 and is projected to reach $636.3 million by 2023, growing at a CAGR of 8% from 2018-2023, according to a report available from Research and Markets. Ceramic’s superior properties in comparison to alloys and metals is one of the most significant factors driving the market. In addition, the growing automotive industry has increased the importance of ceramic balls in applications such as bearings, valves and turbochargers.
Significant spending in the chemical industry is also contributing to the growth of the ceramic balls market. However, the high cost of manufacturing associated with ceramic balls acts as a restraint to the growth of the market.
Silicon-based ceramic balls, the largest segment of the market, offer superior properties such as high-temperature resistance, abrasion resistance and low density. These ceramic balls are used in a range of industries like automotive, aerospace and chemicals for applications such as bearings, valves, grindings, and other machine components.
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