The "Ceramic Balls Market by Function (Inert, and Active) Material (Silicon, Alumina, Zirconia), Application (Bearing, Grinding, valve), End-Use Industry (Automotive, Chemical, Aerospace), and Region - Global Forecast to 2023" report has been added to ResearchAndMarkets.com's offering.
The market size of ceramic balls is estimated at USD 433.0 million in 2018 and is projected to reach USD 636.3 million by 2023, at a CAGR of 8% between 2018 and 2023.
The increasing demand for ceramic balls owing to their superior properties in comparison to other alloys and metals is one of the most significant factors driving the market. The growing automotive industry has also increased the importance of ceramic balls in applications such as bearings, valves, and turbochargers.
Apart from this, the significant spending on the chemical industry is contributing to the growth of the ceramic balls market. However, the high cost of manufacturing associated with the ceramic balls acts as a restraint to the growth of the market.
The silicon-based ceramic balls offer superior properties such as high-temperature resistance, abrasion resistance, and low density. These are used in a wide range of industries, such as automotive, aerospace, and chemical for applications, including bearings, valves, grindings, and other machine components. The ceramic balls market is led by the silicon-based ceramic balls owing to the increased demand from the high-growth industries.
Key Topics Covered
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview
6 Macroeconomic Overview and Key Trends
7 Ceramic Balls Market, By Function
8 Ceramic Balls Market, By Material
9 Ceramic Ball Market, By Application
10 Ceramic Balls Market, By End-USE Industry
11 Ceramic Balls Market, By Region
12 Competitive Landscape
13 Company Profiles
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View source version on businesswire.com: https://www.businesswire.com/news/home/20180713005129/en/