Global Ceramic Balls Market Outlook to 2023: A $636.3 Million Opportunity, Growing at a CAGR of 8%

DUBLIN, July 13, 2018 /PRNewswire/ --

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 million in 2018 and is projected to reach USD 636.3 million by 2023, at a CAGR of 8% between 2018 and 2023. The growth of the market can be attributed to the increasing use of ceramic balls in the automotive and chemical end-use industries owing to their superior properties such as resistance to corrosion & heat, durability, and high temperature resistance.

The ceramic balls market is segmented on the basis of function, material, application, end-use industry, and region. On the basis of material, the ceramic balls market has been classified into silicon, aluminum, zirconia, and others. The silicon-based ceramic balls market is projected to register the highest CAGR between 2018 and 2023. These ceramic balls offer properties such as excellent high temperature resistance and resistance to corrosion & heat, making them useful in different end-use industries. The demand for corrosion resistance and high temperature resistance properties is expected to drive the silicon-based ceramic balls market between 2018 and 2023.

On the basis of application, the ceramic balls market is classified into bearing, grinding, valve, and others. The ceramic balls market in bearing application is projected to register the highest CAGR during the forecast period. Silicon-based ceramic balls have good shock resistance properties that make them ideal for the bearing application. The ceramic balls used in bearings are harder than metal, which helps in reducing the contact with the bearing track.

On the basis of end-use industry, the ceramic balls market has been segmented into automotive, chemical, aerospace and others. The ceramic balls market in the automotive end-use industry is projected to register the highest CAGR between 2018 and 2023.

APAC is the largest market for ceramic balls in 2017. The growth of the ceramic balls market in APAC can be attributed to the expansion of the automotive end-use industry in this region. The demand for ceramic balls in different end-use industries is expected to increase considerably owing to the increasing FDI and growing industrialization in APAC.

Saint-Gobain (France), Honeywell International (US), Axens (France), Toshiba Materials Co., Ltd. (Japan), Coorstek Inc. (US), Fineway Inc. (Canada), Industrial Tectonics Inc. (US), Metalball (France), Global Precision Ball & Roller (US), Devson Catalyst Private Limited (India), and Topack Ceramics Pvt. Ltd. (India) are the key players operating in the ceramic balls market. These key players offer a wide range of ceramic balls to strengthen their competitive positions and cater to the growing demand from the automotive, chemical, and aerospace end-use industries.

Honeywell International (US) is a major player in the ceramic balls market. The company focuses on expanding its product portfolio and gaining a competitive edge in the market.

Key Topics Covered

1 Introduction
1.1 Objectives of the Study
1.2 Market Definition
1.3 Market Scope
1.3.1 Regional Segmentation
1.4 Currency
1.5 Limitations
1.6 Stakeholders

2 Research Methodology
2.1 Research Data
2.1.1 Secondary Data
2.1.1.1 Key Data From Secondary Sources
2.1.2 Primary Data
2.1.2.1 Key Data From Primary Sources
2.1.2.2 Key Industry Insights
2.1.2.3 Breakdown of Primary Interviews
2.2 Market Size Estimation
2.2.1 Bottom-Up Approach
2.2.2 Top-Down Approach
2.3 Data Triangulation
2.4 Assumptions

3 Executive Summary

4 Premium Insights
4.1 Attractive Opportunities in the Ceramic Balls Market
4.2 Ceramic Balls Market, By Function
4.3 Ceramic Balls Market, By End-USE Industry
4.4 Ceramic Balls Market, By Material
4.5 Ceramic Balls Market, By End-USE Industry and Region
4.6 Ceramic Balls Market, By Country

5 Market Overview
5.1 Introduction
5.1.1 Drivers
5.1.1.1 Superior Properties Offered By Ceramic Balls
5.1.1.1 Increasing USE of Ceramic Balls in the Automotive Industry
5.1.1.2 Increasing Demand From Chemical Industry
5.1.2 Restraints
5.1.2.1 High Cost of Production
5.1.3 Opportunities
5.1.3.1 Potential Opportunities in Medical Applications
5.1.3.2 Emerging Markets in APAC
5.1.3.3 Excellent Substitute to Steel Balls
5.1.4 Challenges
5.1.4.1 Need for Reducing the Cost of Manufacturing
5.2 Porter's Five Forces Analysis
5.2.1 Threat of New Entrants
5.2.2 Threat of Substitutes
5.2.3 Bargaining Power of Suppliers
5.2.4 Bargaining Power of Buyers
5.2.5 Intensity of Competitive Rivalry

6 Macroeconomic Overview and Key Trends
6.1 Introduction
6.2 Trends and Forecast of GDP
6.3 Trends in Automotive Industry
6.4 Trends of Aerospace Industry

7 Ceramic Balls Market, By Function
7.1 Introduction
7.2 Inert Ceramic Balls
7.3 Active Ceramic Balls

8 Ceramic Balls Market, By Material
8.1 Introduction
8.2 Silicon Based
8.3 Alumina Based
8.4 Zirconia Based
8.5 Others

9 Ceramic Ball Market, By Application
9.1 Introduction
9.2 Bearing
9.3 Grinding
9.4 Valve
9.5 Others

10 Ceramic Balls Market, By End-USE Industry
10.1 Introduction
10.2 Automotive
10.3 Chemical
10.4 Aerospace
10.5 Others

11 Ceramic Balls Market, By Region
11.1 Introduction
11.2 North America
11.2.1 By Material
11.2.2 By Function Type
11.2.3 By Application
11.2.4 By End-USE Industry
11.2.5 By Country
11.2.5.1 US
11.2.5.1.1 US, By End-USE Industry
11.2.5.2 Canada
11.2.5.2.1 Canada, By End-USE Industry
11.3 Europe
11.3.1 By Material
11.3.2 By Function
11.3.3 By Application
11.3.4 By End-USE Industry
11.3.5 By Country
11.3.5.1 Germany
11.3.5.1.1 Germany, By End-USE Industry
11.3.5.2 France
11.3.5.2.1 France, By End-USE Industry
11.3.5.3 Spain
11.3.5.3.1 Spain, By End-USE Industry
11.3.5.4 UK
11.3.5.4.1 UK, By End-USE Industry
11.3.5.5 Italy
11.3.5.5.1 Italy, By End-USE Industry
11.3.5.6 Russia
11.3.5.6.1 Russia, By End-USE Industry
11.3.5.7 Rest of Europe
11.3.5.7.1 Rest of Europe, By End-USE Industry
11.4 APAC
11.4.1 By Material Type
11.4.2 By Function
11.4.3 By Application
11.4.4 By End-USE Industry
11.4.5 By Country
11.4.5.1 China
11.4.5.1.1 By End-USE Industry
11.4.5.2 Japan
11.4.5.2.1 Japan, By End-USE Industry
11.4.5.3 South Korea
11.4.5.3.1 South Korea, By End-USE Industry
11.4.5.4 India
11.4.5.4.1 India, By End-USE Industry
11.4.5.5 Indonesia
11.4.5.5.1 Indonesia, By End-USE Industry
11.4.5.6 Rest of APAC
11.4.5.6.1 Rest of APAC, By End-USE Industry
11.5 MEA
11.5.1 By Material
11.5.2 By Function
11.5.3 By Application
11.5.4 By End-USE Industry
11.5.5 By Country
11.5.5.1 Saudi Arabia
11.5.5.1.1 By End-USE Industry
11.5.5.2 South Africa
11.5.5.2.1 By End-USE Industry
11.5.5.3 UAE
11.5.5.3.1 By End-USE Industry
11.5.5.4 Rest of the MEA
11.5.5.4.1 By End-USE Industry
11.6 Latin America
11.6.1 By Material
11.6.2 By Function
11.6.3 By Application
11.6.4 By End-USE Industry
11.6.5 By Country
11.6.5.1 Brazil
11.6.5.1.1 By End-USE Industry
11.6.5.2 Mexico
11.6.5.2.1 By End-USE Industry
11.6.5.3 Argentina
11.6.5.3.1 By End-USE Industry
11.6.5.4 Rest of Latin America
11.6.5.4.1 By End-USE Industry

12 Competitive Landscape
12.1 Overview
12.2 Amarket Ranking
12.3 Recent Developments
12.3.1 Expansion
12.3.2 Agreement & Partnership

13 Company Profiles
13.1 Axens
13.2 Honeywell International
13.3 Saint-Gobain
13.4 Industrial Tectonics Inc.
13.5 Toshiba Materials Co., Ltd.
13.6 Global Precision Ball & Roller
13.7 Fineway Inc.
13.8 Coorstek, Inc.
13.9 Metalball
13.10 Devson Catalyst Private Limited
13.11 Topack Ceramics Pvt. Ltd.
13.12 Other Companies
13.12.1 Ningbo Tianyi Chemical Industrial (Tci) Co., Ltd.
13.12.2 Carter Manufacturing Ltd.
13.12.3 Pingxiang Xingfeng Chemical Packing Co., Ltd.
13.12.4 Taian Porei Import & Export Co., Ltd.
13.12.5 Guangzhou Chemxin Environmental Material Co., Ltd.
13.12.6 Xi'an Lvneng Purification Technology Limited
13.12.7 Industrie Bitossi S.P.A.
13.12.8 Vereinigte Fullkorper-Fabriken Gmbh & Co. Kg (VFF)
13.12.9 Zibo Sinoshine Industrial Ceramic Co., Ltd.

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