Market Size – USD 421.2 Million in 2018, Market Growth - CAGR of 7.6%, Market Trends –The elevated demand for ceramic balls in the automotive industry
New York, NY -- (SBWIRE) -- 04/13/2021 -- The rising demand from the chemical industry, elevated use of ceramic balls in the automotive sector, and enhanced properties provided by ceramic balls have resulted in boosting the ceramic balls market.
Market Size – USD 421.2 Million in 2018, Market Growth - CAGR of 7.6%, Market Trends –The elevated demand for ceramic balls in the automotive industry
The Global Ceramic Balls Market is forecast to reach USD 757.2 Million by 2026, according to a new report by Reports and Data. Various factors are supporting the expansion of the market. One of the factors in this regards being, the scope of altering the material's properties by changing the combination of ceramic materials used for manufacturing it. The scope of developing the properties helps in catering to the specific preference of end-users. As an instance, applications that require fully-dense material with particular material properties, such as hot isostatic pressing (HIP) is applicable in manufacturing these balls after it has been sintered. The use of this process helps in producing ceramic balls that are pore-free micron-sized grains and microstructure. The end-users can further alter the property of these balls by opting different combinations of ceramic materials like aluminum nitride, and boron carbide, among others.
In addition to that, apart from the automotive industry, the market has significant opportunities in the healthcare industry. Its potential in the healthcare sector is associated with application in medical devices, implants, and instruments. The manufacturers and market players associated with the market may further explore these end-user industries, which would positively impact the expansion of the market.
Key Players- Saint-Gobain, Axens, Honeywell International, Toshiba Materials Co., Ltd., Industrial Tectonics Inc., Fineway Inc., Global Precision Ball & Roller, Metalball, Coorstek Inc., & Devson Catalyst Private Limited.
Get a sample of the report @ https://www.reportsanddata.com/sample-enquiry-form/1885
Further key findings from the report suggest
- The ceramic balls market held a market share of USD 421.2 Million in the year 2018. It is projected to witness a growth rate of 7.6% during the forecast period.
- In regards to raw materials, the alumina based segment generated the highest revenue of USD 151.6 Million in 2018, with a CAGR of 7.9% during the forecast period. Factors like the continuous expansion of the automotive industry, the rising demand for light-weight vehicles and the presence of traits in this ball, like corrosion-resistant, light-weight, and strength contributes to the revenue generated by this segment.
- By product type, the inert ceramic balls segment generated the highest revenue of USD 273.8 Million in 2018 with the fastest growth rate of 8.0% during the forecast period. Factors like the rising demand of these balls in the automotive industry for application in bearing and valves, results in its increasing demand and the revenue generated by the inert ceramic balls segment.
- While discussing end-user, the automotive segment occupies the largest market share of 31.0% in 2018, with the fastest growth rate of 8.5% during the forecast period. The market share held by the automotive segment is attributed to the continuous expansion of the industry, increasing the buying power of individuals in developing regions and rising demand for light-weight automotive parts which increases the demand for these balls in the automotive industry.
- In regards to region, Europe occupies the second-largest market share of0% in 2018, with the second-highest CAGR of 8.1% during the forecast period. Factors like continuous expansion of the aerospace industry, and the well-established automotive sector are some of the factors that are boosting the market growth in this region.
To identify the key trends in the industry, click on the link below: https://www.reportsanddata.com/report-detail/ceramic-balls-market
For the purpose of this report, Reports and Data have segmented the global ceramic balls market according to Raw Material, Product Type, End-user, Application, and Region:
Raw Material Type Outlook (Revenue, USD Million; 2016-2026)
Alumina Based
Silicon-Based
Zirconia Based
Boron Based
Others
Product Type Outlook (Revenue, USD Million; 2016-2026)
Active Ceramic Balls
Inert Ceramic Balls
End-user Type Outlook (Revenue, USD Million; 2016-2026)
Chemical
Automotive
Aerospace
Oil and gas
Others
Application Type Outlook (Revenue, USD Million; 2016-2026)
Grinding
Bearing
Valve
Others
Regional Outlook (Revenue, USD Million; 2016-2026)
North America
U.S.
Europe
UK
France
Asia Pacific
China
India
Japan
MEA
Latin America
Brazil
Request for Customization: @ https://www.reportsanddata.com/request-customization-form/1885
Table of Content:
Chapter 1. Market Synopsis
1.1. Market Definition
1.2. Research Scope & Premise
1.3. Methodology
1.4. Market Estimation Technology
Chapter 2. Executive Summary
2.1. Summary Snapshot, 2018-2026
Chapter 3. Indicative Metrics
Chapter 4. Ceramic Balls Market Segmentation & Impact Analysis
4.1. Ceramic Balls Market Segmentation Analysis
4.2. Industrial Outlook
4.2.1. Market indicators analysis
4.2.2. Market drivers analysis
4.2.2.1. The rising demand from the chemical industry
4.2.2.2. Enhanced properties provided by ceramic balls
4.2.2.3. The elevated use of ceramic balls in the automotive industry
4.2.3. Market restraints analysis
4.2.3.1. High production cost
4.3. Technological Insights
4.4. Regulatory Framework
4.5. ETOP Analysis
4.6. Porter's Five Forces Analysis
4.7. Competitive Metric Space Analysis
4.8. Price Trend Analysis
…
Chapter 10. Competitive Landscape
10.1. Market Revenue Share By Manufacturers
10.2. Manufacturing Cost Breakdown Analysis
10.3. Mergers & Acquisitions
10.4. Market positioning
10.5. Strategy Benchmarking
10.6. Vendor Landscape
Chapter 11. Company Profiles
11.1. Saint-Gobain
11.1.1. Company Overview
11.1.2. Financial Performance
11.1.3. Technology Insights
11.1.4. Strategic Initiatives
11.2. Axens
11.2.1. Company Overview
11.2.2. Financial Performance
11.2.3. Technology Insights
11.2.4. Strategic Initiatives
11.3. Honeywell International
11.3.1. Company Overview
11.3.2. Financial Performance
11.3.3. Technology Insights
11.3.4. Strategic Initiatives
11.4. Toshiba Materials Co., Ltd.
11.4.1. Company Overview
11.4.2. Financial Performance
11.4.3. Technology Insights
11.4.4. Strategic Initiatives
11.5. Industrial Tectonics Inc.
11.5.1. Company Overview
11.5.2. Financial Performance
11.5.3. Technology Insights
11.5.4. Strategic Initiatives
11.6. Fineway Inc.
11.6.1. Company Overview
11.6.2. Financial Performance
11.6.3. Technology Insights
11.6.4. Strategic Initiatives
Continue…
Thank you for reading our report. For customization inquiry or further information, please connect with us and we will ensure you get the report that meets your requirements.
Browse More Reports-
Plant-based Meat Market Size
Infant Formula Market Share
Paraxylene (PX) Market Trends
Beer Processing Market Opportunity
Double Sided Tape Market Overview
Mobile Encryption Market Demand
About Reports and Data
Reports and Data is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target and analyze consumer behavior shifts across demographics, across industries and help client's make a smarter business decision. We offer market intelligence studies ensuring relevant and fact-based research across multiple industries including Healthcare, Technology, Chemicals, Types, and Energy. We consistently update our research offerings to ensure our clients are aware about the latest trends existent in the market.
Contact Us:
John W
Head of Business Development
Reports And Data | Web: www.reportsanddata.com
Direct Line: +1-212-710-1370
E-mail: sales@reportsanddata.com