Market Size in 2022 | Market Forecast in 2030 | CAGR (in %) | Base Year |
---|---|---|---|
USD 11.2 Billion | USD 18.3 Billion | 7.5% | 2022 |
FrequentlyAsked Questions
Silicon nitride balls are utilized in full ceramic and hybrid-ceramic bearings that are used in high-speed rotation. For the record, the silicon nitride density is less than half of steel and this helps in minimizing centrifugal force during the rotation of bearings, thereby enabling faster operating speeds. Furthermore, the compound possesses a slew of outstanding features particularly designed and produced for a variety of medical applications.
The global silicon nitride balls market growth is owing to beneficial features such as high grinding proficiency, an elongated product life, and less contamination of products.
According to a study, the global silicon nitride balls industry size was $11.2 billion in 2022 and is projected to reach $18.3 billion by the end of 2030.
The global silicon nitride balls market is anticipated to record a CAGR of nearly 7.5% from 2023 to 2030.
The European silicon nitride balls industry is set to register the highest CAGR over the forecasting timeline owing to an increase in investments in automotive production in countries such as Italy, Germany, the UK, and Spain. Apart from this, a rise in the sale of high-value bearings in wind turbines and industrial machinery will steer the regional industry trends.
The global silicon nitride balls market is led by players such as Toshiba Corporation, Winsted, Precision Ball, ITI, CoorsTek, Inc., Timken, Tsubaki Nakashima, THOMSON, Ortech, Redhill-balls, Sinoma, Salem Specialty Ball, Boca Bearing, SKF, Kyocera, Jiangsu jinSheng, and Enduro.
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