Ceramic Balls Market to experience an impressive growth of 9.2% during 2020-2025
January 30, 2020
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.
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Ceramic Balls Market Segment Insights:
By Material Type:
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.
By Application Type:
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.
By End-Use Industry Type:
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.
By Region:
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.
Key Players:
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.
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- 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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