Global Ceramic Balls Market was valued at US$ 499.4 Mn in 2019 and is expected to reach US$ 856.2 Mn by 2027, at a CAGR of 9.76 % during a forecast period.
The report includes the analysis of impact of COVID-19 lock-down on the revenue of market leaders, followers, and disrupters. Since lock down was implemented differently in different regions and countries, impact of same is also different by regions and segments. The report has covered the current short term and long term impact on the market, same will help decision makers to prepare the outline for short term and long term strategies for companies by region.
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Steel balls are constantly getting replaced by ceramic balls in many applications like valves, agitators, & grinding media. Ceramic balls are more useful than steel bearings. Ceramic balls have major characteristics such as energy saving, weight reduction, improved performance, noise reduction, and wear resistance which helps in gaining popularity in the market. Moreover, the quality of the product is improved using a fine particle size of ground ceramic balls. Therefore, the substitution of steel balls with ceramic balls will boost the ceramic balls market growth during 2019-2016.
Based on application segment, the ceramic balls market is classified into bearing, grinding, valve, and others. The ceramic balls market in behavior application is estimated to hold highest CAGR during the forecast period. Silicon-based ceramic balls have good shock confrontation properties that make them ideal for the bearing application.
On the basis of end-use industry automotive segment is expected to have maximum market share during the forecast period.
The automotive industry is focusing on finding materials for reducing weight and increasing efficiency of the vehicles. These requirements have encouraged various players in the automotive industry to use ceramic balls as check balls, turbochargers, bearings, gauges, engine components, and other automotive parts. Therefore, the improved use of ceramic balls in the automotive industry is estimated to hold largest market share during forecast period.
In terms of region, APAC is expected to hold largest market share during forecast period. The growth of the APAC global Ceramic Balls Market can be attributed to the expansion of the automotive industries. The growth is also attributed to the presence of well-established automotive manufacturers in this region.
The report offers a complete assessment of the market. It does so via detailed qualitative insights, historical data, and verifiable projections about market size. The estimates featured in the report have been derived using proven research methodologies and expectations. The examination report serves as a source of study and information for every surface of the market, including but not incomplete to regional markets, technology, types, and applications.
The objective of the report is to present a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, industry-validated market data and projections with a suitable set of assumptions and methodology. The report also helps in understanding Ceramic Balls market dynamics, structure by identifying and analyzing the market segments and project the global market size. Further, the report also focuses on the competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence. The report also provides PEST analysis, PORTER’s analysis, SWOT analysis to address the question of shareholders to prioritizing the efforts and investment in the near future to the emerging segment in Ceramic Balls market.
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Global Ceramic Balls Market, by Function
• Inert Ceramic Balls
• Active Ceramic Balls
Global Ceramic Balls Market, by Material
• Silicon Based
• Alumina Based
• Zirconia Based
• Others
Global Ceramic Balls Market, by End-Use Industry
• Automotive
• Chemical
• Aerospace
• Others
Global Ceramic Balls Market, by Application
• Bearing
• Grinding
• Valve
• Others
Global Ceramic Balls Market, by Region
• North America
• Europe
• Asia Pacific
• Middle East & Africa
• South America
Key Players Operating in Global Ceramic Balls Market
• Axens
• Honeywell International
• Saint-Gobain
• Industrial Tectonics Inc.
• Toshiba Materials Co., Ltd.
• Global Precision Ball & Roller
• Fineway Inc.
• Coorstek, Inc.
• Metalball
• Devson Catalyst Private Limited
• Topack Ceramics Pvt. Ltd.
• Ningbo Tianyi Chemical Industrial (Tci) Co., Ltd.
• Carter Manufacturing Ltd.
• Pingxiang Xingfeng Chemical Packing Co., Ltd.
• Taian Porei Import & Export Co., Ltd.
• Guangzhou Chemxin Environmental Material Co., Ltd.
• Xi’an Lvneng Purification Technology Limited
• Industrie Bitossi S.P.A.
• Vereinigte Fullkorper-Fabriken Gmbh & Co. Kg (VFF)
• Zibo Sinoshine Industrial Ceramic Co., Ltd.
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