Ceramic Balls Market Growth Insights to 2027 by Leading Players Devson Catalyst Pvt.Ltd, Coorstek Inc, Axens, Metalball, Topack Ceramics

Rising demand from the Europe region will escalate the Ceramic Balls Market at a CAGR of 8.1%

Latest market study on "Ceramic Balls Market to 2027 - Global Analysis and Forecasts by Material (Zirconia, Silicon, Alumina, and Others); Function (Active and Inert); and Application (Aerospace, Automotive, Chemical, and Others)", The Global Ceramic Balls Market is accounted to US$ 442.9 Mn in 2018 and is expected to grow at a CAGR of 8.1% during the forecast period 2019 – 2027, to account to US$ 892.2 Mn by 2027. The report include key understanding on the driving factors of this growth and also highlights the prominent players in the market and their developments.

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In Europe region, the ceramic balls market is expected to grow at an exponential rate over the forecast period. Economically strong countries like Germany, Italy, the UK, and Russia have witnessed significant growth in the implementation of technologically advanced solutions. End user industries such as automobile, electronics, aerospace, and medical are the prominent adopters of ceramic balls. For instance, Germany has the largest manufacturing industry in Europe and is the home of world’s top ten automobile manufacturers. The country consists of vehicle manufacturers ranging from passenger cars, light commercial vehicle, heavy commercial vehicle, and off-road vehicle among others. Thus, the demand for ceramic balls in Germany is predominantly generated by the automotive industry as the companies prefer to use advanced materials and solutions in the manufacturing processes.

Ceramic balls market is segmented on the basis of application into aerospace, automotive, chemical, and others. The aerospace manufacturers rely on ceramic balls for various applications such as gyroscopes (gyros), navigation systems, flow meters, avionic instruments, and other aerospace parts. The primary application of ceramic balls in the aerospace industry includes turbine engines and transmissions. The airplanes require optimal weight capacities to enhance flight dynamics and acceleration. Ceramic balls are lightweight and vacuum-compatible which make them ideal for aerospace applications. Thus, owing to the high performance of the ceramic ball in the aerospace industry, the demand for ceramic balls is anticipated to increase over the forecast period.

The market for ceramic balls is concentrated with some very well-established players across the globe. Some of the key players in the ceramic balls market include Devson Catalyst Pvt.Ltd, Coorstek Inc, Axens, Metalball, Topack Ceramics Pvt. Ltd, Industrial Tectonics Inc, Toshiba Materials Co., Ltd, Global Precision Ball & Roller, Fineway Inc, and Industrie Bitossi among others.

Market Insights
Favorable strategies driving the growth of ceramic balls in Asia Pacific
The Asian manufacturing sector is known to rapidly adopt innovation accelerators that includes advanced technologies and materials in order to improve the operational efficiency. Moreover, rise in the manufacturing spending of the region has grown significantly and is further anticipated to grow at a highest estimated growth rate. Ball bearings are extensively used in aerospace, automotive, medical, and mechanical equipment including others. These bearings are commonly made using materials such as ceramic, metals, and plastic materials. However, as compared to other materials, ceramic ball bearings provide added benefits such as reduced weight, minimum noise, and faster speed. Thus, implementation of ceramic ball bearings in several end-use industries is expected to offer significant growth opportunity to the industry players in this region. Additionally, the region’s growth is rapidly driven by expanding automotive industry especially for autonomous and electric vehicles. This increases the demand for high-performance bearings which in turn boost the market of ceramic balls.

Application Insights
The global ceramic balls market by application was led by automotive segment. Ceramic balls are ideal for automotive application. Ceramic balls are lighter, stiffer, smoother, harder, corrosion resistant, and require less lubrication than their steel counterparts. This means that these balls run at higher speeds and higher operating temperatures with lower torque. Moreover, ceramic balls for automotive applications extend from engine components to airbags. Other applications include spark plugs, airbags, and seatbelt locking mechanisms, seat slides, roller bearings, ball bearings, clutch assemblies, valve, and other engine parts. Therefore, the wide application of ceramic balls in variety of vehicle component drives the overall ceramic balls market in the automotive industry.

Strategic Insights
Mergers & acquisition is a strategy commonly adopted by the companies to expand its footprint across the world and to fulfill the growing demand of market. The players operating in ceramic balls market mainly concentrate towards the merger and acquisition in order to increase business revenue and geographical imprints throughout the globe. Most of the merger & acquisitions were observed in the Europe and Asia Pacific Regions. Expansion strategy is basically adopted by the companies to expand its footprint across the world and to fulfill the growing demand of market. For instance, CoorsTek, Inc. acquired the Philips ceramics operation in Uden, Netherlands. Through this acquisition the company expands its ongoing strategic partnership with Philips, and will serve both Philips and other regional customers from Uden. Also, the players present in ceramic balls market mainly concentrate towards the expansion and investment in research and development to enlarge the customer base across the world which also permit the players to maintain their brand name globally. Recently, in 2018, CoorsTek, Inc. announced the opening of a new research and development (R&D) center in Uden, The Netherlands. This new European R&D center is closely connected with CoorsTek R&D teams in the United States and Japan, and is dedicated to developing technical ceramics capabilities to support CoorsTek customers around the world.

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