Ceramic Balls Market likely to witness an impressive CAGR of 9.2%, as estimated by Stratview Research
March 11, 2020
Stratview Research in its recent report has offered an overlook of the current Ceramic Balls Market scenarios and has also estimated the Ceramic Balls Market size to reach grow at CAGR of 9.2%. The insights highlighted in the report are based on data that is carefully collected from reliable sources and is then scrutinized to have a proper analysis.
Not only the report offers the market size but also details about the market segmentation with its share. Stratview Research also extends its research to offer a forecast of the market during the period, to provide the clients with base knowledge of the market and make strategies to have beneficial results ahead.
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Ceramic balls are spherical in shape and are manufactured from different ceramic materials. They are much better than the steel balls as they have higher stiffness, lighter weight, higher resistance to electricity, reduced thermal expansion, and increased resistance to corrosion.
Ceramic balls have their applications in bearing, grinding, valve, and others. Automotive, chemical, aerospace, and others are some of the industries where the ceramic balls are used.
This report studies the market covering a period of 12 years of trend and forecast. The report provides detailed insights into the market dynamics to enable informed business decision making and growth strategy formulation based on the opportunities present in the market.
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Based on the material type, the market is segmented as silicon based, alumina based, zirconia based, and others. The silicon-based ceramic balls market is estimated to witness the highest growth during the forecast period. These ceramic balls own properties such as resistance to corrosion & heat and remarkable high temperature resistance, making them suitable in different end-use industries. Further, the demand for high temperature resistance and corrosion resistance properties is expected to boost the silicon-based ceramic balls market in the coming five years.
Based on the application type, the market is segmented as bearing, grinding, valve, and others. The ceramic balls market in the bearing application type segment is expected to depict the highest growth during the forecast period. Properties such as good shock resistance make them ideal for bearing applications.
Based on the end-use industry type, the market is segmented as automotive, chemical, aerospace, and others. The ceramic balls market in the automotive end-use industry is expected to register the highest growth during the forecast period.
In terms of regions, Asia-Pacific was the largest market for ceramic balls in 2018, and is estimated to maintain its dominance during the forecast period. The growth of the market can be attributed to the expansion of the automotive end-use industry in this region. The demand for ceramic balls in various end-use industries is estimated to increase significantly driven by the growing industrialization and increasing FDI in the Asia-Pacific. North America and Europe are also expected to offer substantial growth opportunities during the forecast period.
Check out the Table of Contents here:
https://www.stratviewresearch.com/toc/706/ceramic-balls-market.html
Highlights of the Report:
Ceramic Balls Market is likely to witness an impressive CAGR of 9.2% during the forecast period. Increasing use of ceramic balls in the automotive and chemical end-use industries on account of their superior properties such as high temperature resistance and resistance to corrosion & heat, along with durability are the major factors expected to drive the global ceramic balls market during the forecast period.
Some of the major players in the ceramic balls market are Axens, Coorstek, Inc., Carter Manufacturing Ltd., Devson Catalyst Private Limited, Fineway Inc., Global Precision Ball & Roller, Guangzhou Chemxin Environmental Material Co., Ltd., Honeywell International, Inc., Industrial Tectonics Inc., and Toshiba Materials Co., Ltd.
Features of the Report
This report offers high-quality insights and is the outcome of detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders and validation and triangulation with Stratview Research’s internal database and statistical tools.
The Ceramic Balls Market analysis report discusses the following heads in great detail:
- Market structure: Overview, industry life cycle analysis, supply chain analysis
- Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis
- Market trend and forecast analysis
- Market segment trend and forecast
- Competitive landscape and dynamics: Market share, product portfolio, product launches, etc.
- Attractive market segments and associated growth opportunities
- Emerging trends
- Strategic growth opportunities for the existing and new players
- Key success factors
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