Ceramic Balls Market Analysis to 2027 - Devson Catalyst Pvt.Ltd, Coorstek Inc, Axens, Metalball, Topack Ceramics Pvt. Ltd, Industrial Tectonics Inc, Toshiba Materials

The Ceramic balls market valued at US$ 442.9 million in 2018 and is expected to grow at a CAGR of 8.1% during the forecast period 2019 – 2027, to generate US$ 892.2 million by 2027.

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.

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The global ceramic balls market is driven by factors such as a significant shift of the consumers towards ceramic balls over steel balls and rising demand from the automotive industry. However, the high cost of manufacturing and high initial cost associated with the use of ceramic balls is anticipated to retrain the market growth over the forecast period. Whereas, rising demand for ceramic balls in the medical applications and well-established market in the Asia Pacific and European countries are expected to deliver substantial growth opportunities to the industry players in the coming future.

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.

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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GLOBAL CERAMIC BALLS MARKET SEGMENTATION

By Material

Zirconia
Silicon
Alumina
Others
By Function

Active
Inert
By Application

Aerospace
Automotive
Chemical
Others

Contact Person : Sameer Joshi
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Email Id : sam@theinsightpartners.com

The Insight Partners is a one stop industry research provider of actionable intelligence. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services. We specialize in industries such as Semiconductor and Electronics, Aerospace and Defense, Automotive and Transportation, Biotechnology, Healthcare IT, Manufacturing and Construction, Medical Device, Technology, Media and Telecommunications, Chemicals and Materials.

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