Global Ceramic Ball Bearings Market: Industry Growth, Trends, Region, Opportunity and Forecast 2018-2023

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Ceramic Ball Bearings Market Propelled by
Flourishing Automotive Industry
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Report Description and Highlights
Report Description
Global Ceramic Ball Bearings Market Propelled by
Flourishing Automotive Industry The global
ceramic ball bearings market has been
experiencing a positive growth during the past
few years which can be highly attributed to a
rapid rise in the demand for commercial and
passenger vehicles in developing regions along
with a number of technological advancements being
made in the favour product innovations. According
to the latest report by IMARC Group, titled
Ceramic Ball Bearings Market Global Industry
Trends, Share, Size, Growth, Opportunity and
Forecast 2018-2023, the global ceramic ball
bearings market reached a value of US 886
Million in 2017. Made from silicon nitride
(Si2N4), ceramic ball bearings are gaining a
worldwide popularity as compared to regular
stainless-steel bearings. Ceramic ball bearings
operate at a higher speed while reducing friction
which ultimately leads to the requirement of less
energy. This is due to the smoother and rounder
surface along with a uniform size of the balls in
these bearings. Additionally, ceramic ball
bearings offer high dimensional stability, low
density as well as optimum resistance against
heat and corrosion. Over the past few years, the
growth of the ceramic ball bearings market has
been fuelled by an increase in the demand for
various automobile components, passenger cars and
commercial vehicles in emerging economies. 
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Report Description and Highlights
Report Description

• Apart from this, technological advancements, such
  as lightweight materials, lubrication and seal
  technologies, integrated components of both
  stainless steel and ceramic bearings, in high
  performance ball bearings have also being
  witnessed. These developments have created ample
  opportunities for the manufacturers operating in
  the market. Moreover, ceramic ball bearings are
  increasingly being used for replacing stainless
  ball bearings installed in agitators, grinding
  media and valves which is further supporting the
  growth of the market. On the other hand, this
  growth of the global ceramic ball bearings market
  is being hindered by the land and air pollution
  caused during the extraction of ceramic
  materials. Nevertheless, the market value is
  projected to reach US 1,673 Million by 2023,
  expanding at a CAGR of around 11 during
  2018-2023.
• Market Summary
• The ceramic ball bearings market has been
  segmented on the basis of different raw materials
  used for the production of these bearings which
  cover silicon nitride and zirconium oxide.
  Silicon nitride represents the most common raw
  material as it provides low-density, better
  strength and toughness to the ball bearings.
• Read more here http//bit.ly/2PQia9A

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Report Description and Highlights
Report Description

• On the basis of product type, the market has been
  segregated into hybrid ceramic ball bearing and
  full ceramic ball bearing. Currently, hybrid
  ceramic ball bearing accounts for the majority of
  the demand as it is ideal for situations which
  require extreme temperatures, high speeds,
  minimal lubrication as well as high efficiency.
• Ceramic ball bearings can be used in numerous
  applications which mainly include electric
  motors, vehicles, under water equipment, lab
  equipment and aerospace. Amongst these, ceramic
  ball bearings are being majorly used in electric
  motors.
• On a geographical front, the United States
  exhibits a clear dominance in the market,
  followed by China, Europe, Japan, India and South
  East Asia. The growth in the United States is due
  to the increasing dependency of the aerospace and
  defence sector on ceramic ball bearings to boost
  energy efficiency.
• The competitive landscape of the market has also
  been examined with some of the key players being
  AB SKF, NSK Ltd., NTN Corporation, Ortech
  Advanced Ceramic, CeramicSpeed A/S, Shanghai Lily
  Bearing Manufacturing Co., Ltd., Boca Bearings,
  GMN Bearing USA Ltd and JTEKT Corporation.
• Want more information about this market? Request
  a free report sample
• https//www.imarcgroup.com/request?typereportid
  1022flagB

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Report Description and Highlights
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Report Description and Highlights
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