The United States ceramic ball bearing market reached a value of US$ 292 Million in 2018. A ceramic ball bearing refers to an antifriction ball constructed entirely of ceramic material. They are made of either silicon nitride (Si3N4), zirconium oxide (ZrO2) or silicon carbide (SiC). Ceramic ball bearings are of two types’ viz. hybrid ceramic ball bearing and full ceramic ball bearing. In full ceramic ball bearings, all the bearing components are made of silicon nitride ceramic. However, in ceramic hybrid ball bearing only balls are made of silicon nitride ceramic and the inner race and outer race are made of steel. They offers various advantageous properties including longer service life, lower friction resistance, higher seizure resistance, higher corrosion resistance, higher rigidity, higher temperature resistance, lightweight, etc.
The United States is currently witnessing a trend of rebounding productions of motor vehicles and a healthy investment environment. Moreover, the market is also being catalyzed by the increasing demand of wind turbines. In the United States, the renewable energy market is likely to grow over the next few years with a significant growth expected to come from wind energy. Additionally, rising demand of ceramic ball bearings in electric motors, lab equipment and the aerospace industry is also creating a positive impact on the growth of the ceramic ball bearing market. Looking forward, IMARC Group expects the US ceramic ball bearing market to grow at a CAGR of around 9% during 2019-2024, reaching a value of US$ 490 Million by 2024.
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