Ceramic Balls Market Size | Global Analysis & Report Forecast 2027
The Ceramic balls market valued at US$ 442.9 million in 2018 and is expected to grow at a CAGR of 8.1% during the forecast period 2019 to 2027, to generate US$ 892.2 million by 2027.
The global ceramic balls market is driven by factors such as a significant shift of the consumers towards ceramic balls over steel balls and rising demand from the automotive industry. However, the high cost of manufacturing and high initial cost associated with the use of ceramic balls is anticipated to retrain the market growth over the forecast period. Whereas, rising demand for ceramic balls in the medical applications and well-established market in the Asia Pacific and European countries are expected to deliver substantial growth opportunities to the industry players in the coming future.
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Ceramic Balls Market: Strategic Insights
Ceramic Balls Market
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CAGR (2018 - 2027)
8.1%
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Market Size 2018
US$ 442.9 Million
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Market Size 2027
US$ 892.2 Million
Market Dynamics
GROWTH DRIVERS
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FUTURE TRENDS
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OPPORTUNITIES
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Key Players
- Devson Catalyst Pvt Ltd
- Coorstek Inc
- Axens
- Metalball
- Topack Ceramics Pvt Ltd
- Industrial Tectonics Inc
- Toshiba Materials Co Ltd
- Global Precision Ball Roller
- Fineway Inc
Regional Overview
- North America
- Europe
- Asia-Pacific
- South and Central America
- Middle East and Africa
Market Segmentation
Material
- Zirconia
- Silicon
- Alumina
Function
- Active and Inert
Application
- Aerospace
- Automotive
- Chemical
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
Customize Research To Suit Your Requirement
We can optimize and tailor the analysis and scope which is unmet through our standard offerings. This flexibility will help you gain the exact information needed for your business planning and decision making.
Ceramic Balls Market: Strategic Insights
-
CAGR (2018 - 2027)8.1% -
Market Size 2018
US$ 442.9 Million -
Market Size 2027
US$ 892.2 Million
Market Dynamics
- XXXXXXX
- XXXXXXX
- XXXXXXX
- XXXXXXX
- XXXXXXX
- XXXXXXX
- XXXXXXX
- XXXXXXX
- XXXXXXX
Key Players
- Devson Catalyst Pvt Ltd
- Coorstek Inc
- Axens
- Metalball
- Topack Ceramics Pvt Ltd
- Industrial Tectonics Inc
- Toshiba Materials Co Ltd
- Global Precision Ball Roller
- Fineway Inc
Regional Overview
- North America
- Europe
- Asia-Pacific
- South and Central America
- Middle East and Africa
Market Segmentation
- Zirconia
- Silicon
- Alumina
- Active and Inert
- Aerospace
- Automotive
- Chemical
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
Market Insights
Favorable strategies driving the growth of ceramic balls in Asia Pacific
The Asian manufacturing sector is known to rapidly adopt innovation accelerators that includes advanced technologies and materials in order to improve the operational efficiency. Moreover, rise in the manufacturing spending of the region has grown significantly and is further anticipated to grow at a highest estimated growth rate. Ball bearings are extensively used in aerospace, automotive, medical, and mechanical equipment including others. These bearings are commonly made using materials such as ceramic, metals, and plastic materials. However, as compared to other materials, ceramic ball bearings provide added benefits such as reduced weight, minimum noise, and faster speed. Thus, implementation of ceramic ball bearings in several end-use industries is expected to offer significant growth opportunity to the industry players in this region. Additionally, the region’s growth is rapidly driven by expanding automotive industry especially for autonomous and electric vehicles. This increases the demand for high-performance bearings which in turn boost the market of ceramic balls.
Application Insights
The global ceramic balls market by application was led by automotive segment. Ceramic balls are ideal for automotive application. Ceramic balls are lighter, stiffer, smoother, harder, corrosion resistant, and require less lubrication than their steel counterparts. This means that these balls run at higher speeds and higher operating temperatures with lower torque. Moreover, ceramic balls for automotive applications extend from engine components to airbags. Other applications include spark plugs, airbags, and seatbelt locking mechanisms, seat slides, roller bearings, ball bearings, clutch assemblies, valve, and other engine parts. Therefore, the wide application of ceramic balls in variety of vehicle component drives the overall ceramic balls market in the automotive industry.
Mergers & acquisition is a strategy commonly adopted by the companies to expand its footprint across the world and to fulfill the growing demand of market. The players operating in ceramic balls market mainly concentrate towards the merger and acquisition in order to increase business revenue and geographical imprints throughout the globe. Most of the merger & acquisitions were observed in the Europe and Asia Pacific Regions. Expansion strategy is basically adopted by the companies to expand its footprint across the world and to fulfill the growing demand of market. For instance, CoorsTek, Inc. acquired the Philips ceramics operation in Uden, Netherlands. Through this acquisition the company expands its ongoing strategic partnership with Philips, and will serve both Philips and other regional customers from Uden. Also, the players present in ceramic balls market mainly concentrate towards the expansion and investment in research and development to enlarge the customer base across the world which also permit the players to maintain their brand name globally. Recently, in 2018, CoorsTek, Inc. announced the opening of a new research and development (R&D) center in Uden, The Netherlands. This new European R&D center is closely connected with CoorsTek R&D teams in the United States and Japan, and is dedicated to developing technical ceramics capabilities to support CoorsTek customers around the world.
Ceramic Balls Market Report Scope
Report Attribute | Details |
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Market size in 2018 | US$ 442.9 Million |
Market Size by 2027 | US$ 892.2 Million |
Global CAGR (2018 - 2027) | 8.1% |
Historical Data | 2016-2017 |
Forecast period | 2019-2027 |
Segments Covered |
By Material
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Regions and Countries Covered | North America
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Market leaders and key company profiles |
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- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
GLOBAL CERAMIC BALLS MARKET SEGMENTATION
By Material
- Zirconia
- Silicon
- Alumina
- Others
By Function
- Active
- Inert
By Application
- Aerospace
- Automotive
- Chemical
- Others
Global Ceramic Balls Market – By Region
North America
- U.S.
- Canada
- Mexico
Europe
- France
- Germany
- Italy
- Russia
- UK
- Spain
- Rest of Europe
Asia Pacific
- Australia
- China
- India
- Japan
- South Korea
- Rest of APAC
Middle East & Africa
- Saudi Arabia
- South Africa
- UAE
- Rest of MEA
South America
- Brazil
- Argentina
- Rest of South America
Company Profiles
- Devson Catalyst Pvt. Ltd.
- Coorstek Inc.
- Axens
- Metalball
- Topack Ceramics Pvt. Ltd
- Industrial Tectonics Inc.
- Toshiba Materials Co., Ltd
- Global Precision Ball & Roller
- Fineway Inc.
- Industrie Bitossi
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
Material ; Function ; Application and Geography
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
US, Canada, Mexico, UK, Germany, Spain, Italy, France, India, China, Japan, South Korea, Australia, UAE, Saudi Arabia, South Africa, Brazil, Argentina
The List of Companies
- Devson Catalyst Pvt.Ltd
- Coorstek Inc.
- Axens
- Metalball
- Topack Ceramics Pvt. Ltd
- Industrial Tectonics Inc
- Toshiba Materials Co., Ltd
- Global Precision Ball & Roller
- Fineway Inc
- Industrie Bitossi