Market Research Report
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
|Published by||MarketsandMarkets||Product code||661456|
|Published||Content info||120 Pages
Delivery time: 1-2 business days
|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|
|Published: July 6, 2018||Content info: 120 Pages||
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 8.0% 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.
The ceramic balls market in APAC is projected to register the highest CAGR during the forecast period, in terms of value. This growth can be attributed to the increasing demand for ceramic balls from the automotive and chemical industries. Initiatives undertaken by governments of various APAC countries for automotive project investments are also contributing to the growth of the ceramic balls market in the region.
In the process of determining and verifying the market size for several segments and subsegments gathered through secondary research, extensive primary interviews have been conducted as follows:
This report provides a comprehensive analysis of the key companies listed below:
This report covers the ceramic balls market and forecasts the size of the market till 2023. The report includes the segmentation of the ceramic balls market based on material, function, end-use industry, application, and region. The Porter's Five Forces analysis and key market dynamics such as drivers, restraints, challenges, and opportunities influencing the growth of the ceramic balls market have been discussed in the report. The report also provides company profiles and competitive benchmarking of major players operating in the market.
The report is expected to help market leaders/new entrants in the ceramic balls market in the following ways:
*Details on Business Overview, Products Offered, Recent Developments, SWOT Analysis, MnM View might not be captured in case of unlisted companies.