Pune, India -- (SBWIRE) -- 07/26/2018 -- Browse 73 Market Data Tables and 39 Figures spread through 118 Pages and In-depth TOC on " 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"at http://www.reportsnreports.com/reports/1568087-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.html

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. Ceramic balls are mainly used in harsh environments. Their main advantages on steel is that they have a density 40% lower than steel, have 29% lower thermal expansion and are 150% harder. In certain high-speed applications, their life is extended hundred times. It is also used as grinding media.

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.

Key Companies Profiled:

- Axens (France)
- Honeywell International (US)
- Saint-Gobain (France)
- Industrial Tectonics Inc. (US)
- Toshiba Materials Co., Ltd. (Japan)
- Global Precision Ball & Roller (US)
- Fineway Inc. (Canada)
- Coorstek Inc. (US)
- Metalball (France)
- Devson Catalyst Private Limited(India)
- Topack Ceramics Pvt. Ltd. (India)

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.

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Regional Analysis

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 sub-segments gathered through secondary research, extensive primary interviews have been conducted as follows:
- By Company Type- Tier 1- 37%, Tier 2- 42%, and Tier 3-21%
- By Designation- C level - 30%, Director level - 25%, and Others- 45%
- By Region- APAC - 40%, Europe - 27%,North America- 20%, Middle East &Africa - 12%, and Latin America - 13%

List of Tables

Table 1 Ceramic Balls Market Size, 2016–2023
Table 2 Trends and Forecast of GDP, 2018–2023 (USD Billion)
Table 3 Automotive Production, in Million Units (2015 and 2016)
Table 4 Number of New Airplane Deliveries, By Region (2016)
Table 5 Ceramic Balls Market Size, By Function, 2016–2023 (USD Million)
Table 6 Inert Ceramic Ball Market Size, By Region, 2016–2023 (USD Million)
Table 7 Active Ceramic Balls Market Size, By Region, 2016–2023 (USD Million)
Table 8 Ceramic Balls Market Size, By Material, 2016–2023 (USD Million)
Table 9 Silicon-Based Ceramic Balls Market Size, By Region, 2016–2023 (USD Million)
Table 10 Alumina-Based Ceramic Balls Market Size, By Region, 2016–2023 (USD Million)
Table 11 Zirconia-Based Ceramic Balls Market Size , By Region, 2016–2023 (USD Million)
Table 12 Other Materials-Ceramic Balls Market Size, By Region, 2016–2023 (USD Million)

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