Ceramic Balls Market - Forecast(2024 - 2030)

Report Code: CMR 87654 Report Format: PDF + Excel

Ceramic Balls Market Overview

The Ceramic Balls Market size is estimated to reach US$788.2 million by 2027 after growing at a CAGR of 5.5% during the forecast period 2022-2027. A ceramic ball is a spherical rolling element with greater electrical resistance, increased corrosion resistance, lighter weight, low thermal expansion and superior stiffness than a steel ball. It contains silicon, alumina, zirconia and boron. They boost product efficiency by improving the overall system's productivity and performance. Its widespread application in a variety of end-use industries, including automotive, chemical and aerospace, is expected to further boost the market growth. Ceramic balls are also lightweight, which is important for the latest technology manufacturing processes in the aerospace industry, driving the market growth of ceramic balls in the aerospace industry. The COVID-19 pandemic majorly impacted the Ceramic Balls Market due to restricted production, supply chain disruption, logistics restrictions and a fall in demand. However, with robust growth and flourishing applications across major industries such as aerospace, electrical & electronics and others, the Ceramic Balls Market size is anticipated to grow rapidly during the forecast period.

Ceramic Balls Market

Ceramic Balls Report Coverage

The report: “Ceramic Balls Report – Forecast (2022-2027)” by IndustryARC, covers an in-depth analysis of the following segments in the Ceramic Balls industry.

By Material Type: Silicon Based, Alumina Based, Zirconia Based and Others.
By Function: Inert Ceramic Balls and Active Ceramic Balls.
By Application: Bearing, Grinding, Valve and Others.
By End-use Industry: Automotive [Passenger Vehicles (PV), Light Commercial Vehicles (LCV), Heavy Commercial Vehicles (HCV)], Aerospace (Commercial, Military and Others), Chemical and Others.
By Geography: North America (the USA, Canada and Mexico), Europe (the UK, Germany, France, Italy, the Netherlands, Spain, Belgium and the Rest of Europe), Asia-Pacific (China, Japan, India, South Korea, Australia and New Zealand, Indonesia, Taiwan, Malaysia and the Rest of APAC), South America (Brazil, Argentina, Colombia, Chile and the Rest of South America) and the Rest of the World [the Middle East (Saudi Arabia, the UAE, Israel and the Rest of the Middle East) and Africa (South Africa, Nigeria and the Rest of Africa)].

Key Takeaways

  • Asia-Pacific dominates the Ceramic Balls Market size. The increase in demand from end-user sectors, such as automotive, aerospace and chemical is the main factor driving the region's growth.
  • Increased demand for lightweight electric vehicles is expected to contribute to the rising demand for Ceramic Balls Market.
  • The expansion of the aerospace industry, in conjunction with the use of Ceramic Balls in multi-functional and high-performance parts, drives the market growth of the Ceramic Balls Market
  • However, fluctuation in raw material prices and higher manufacturing costs would hamper the market growth.

Figure: Ceramic Balls Market Revenue Share, By Geography, 2021 (%)

Ceramic Balls Market

For more details on this report - Request for Sample

Ceramic Balls Market Segment Analysis – By Type

The Alumina-based Ceramic Balls held a significant share in the Ceramic Balls Market in 2021 and are projected to grow at a CAGR of 5.7% during the forecast period 2022-2027, owing to extensive characteristics provided by alumina over other material types such as silicon, zirconia and boron. Alumina-based ceramic balls provide extreme abrasion resistance, high strength and resistance to furnace atmospheres. Alumina balls are used in a variety of applications, including down-hole pumps, chemical pumps, flow meters, valves and bearings. It is widely used in automotive bearings for seat slides and safety restraints, which drives the market growth of the Ceramic Balls Market. Thus, owing to tremendous advantages and availability over material types such as silicon, zirconia and boron, the demand for alumina is growing for application in major industries. These factors boost the growth opportunities for the Ceramic Balls industry in the projected years.

Ceramic Balls Market Segment Analysis – By End-use Industry

Automotive held a significant share in the Ceramic Balls Market in 2021 and is expected to grow at a CAGR of 5.9% during the forecast period 2022-2027, owing to the increasing usage of ceramics balls in automotive components. Ceramic balls are widely used in the automotive industry due to their benefits such as shock resistance, higher strength and faster operational speed. Ceramic balls are expected to drive demand for automotive applications due to their advantageous applications in roller bearings, ball bearings, spark plugs, airbags, seat slides, valves, engine components and locking mechanisms. According to the Energy Information Administration (EIA), by 2035, there would be 1.7 million automobiles worldwide. According to the International Organization of Motor Vehicle Manufacturers (OICA), automobile output increased by 10% in the first nine months of 2021, to 57.26 million vehicles, up from 52.15 million units in the same period last year. With the increasing automotive production, the demand for Ceramic Balls would also increase, as a result of which the Ceramic Balls industry would be flourished over the forecast period.

Ceramic Balls Market Segment Analysis – By Geography

The Asia-Pacific region held up to 43% share in the Ceramic Balls Market in 2021. The automotive sector in Asia-Pacific is rapidly growing due to a flourishing base for automotive manufacturers, demand for automotive compounds and a rise in production. According to the Organisation Internationale des Constructeurs d'Automobiles (OICA), automotive production and Vietnam grew by 1.2 percent and 5.5 percent from the previous year to 571,632 and 250,000 units, respectively, in 2019. In November 2020, Boeing estimated that China's airlines would spend US$1.4 trillion on 8,600 new planes and US$1.7 trillion on commercial aircraft services over the next 20 years. According to India Brand Equity Foundation (IBEF), India’s domestic automobile production increased at a 2.36 percent CAGR from FY16 to FY20, with 26.36 million vehicles produced in FY20. According to the Japan Automobile Manufacturers Association (JAMA), automobile production in Japan increased in November from 667,462 units in October to 6,90,311 units. With the robust growth of the automotive industry in Asia-Pacific, the demand for ceramic balls for application in bearing, grinding, valve and others in automotive would rise. Thus, the growth of ceramic balls in the region is being aided by the increasing automotive sector in APAC, thereby dominating the market in the Asia-Pacific region.

Ceramic Balls Market Drivers

Bolstering Growth of the Aerospace Industry:

Ceramic Balls are widely utilized in the aerospace industry, which drives the Ceramic Balls Market growth. Ceramic balls are used in the production of gyroscopes, flow meters, airframes and other components in the aerospace industry. Additionally, ceramic balls have lightweight qualities that are crucial for the most advanced manufacturing procedures in the aerospace industry. Increasing demand from the aerospace industry is driving the market growth of the Ceramic Balls Market. According to the Federal Aviation Administration (FAA), the total commercial aircraft fleet, for example, is expected to grow from 7,397 in 2018 to 8,270 by 2037. According to the Boeing Commercial Market Outlook 2021-2040, North America would require 9,160 new airplane deliveries by the end of 2040 and airline fleet growth in North America is expected to be 1.7 percent between 2019 and 2040. According to the India Equity Foundation, by 2030, the Indian aerospace and defense (A&D) sector is expected to reach US$70 billion. With the rise in the aerospace industry across the globe, the demand for Ceramic Balls is anticipated to rise for various applications in bearing, grinding, valve and others, which is projected to boost the market growth in the aerospace industry during the forecast period.

Flourishing Electric Vehicle Production:

Ceramic Balls are widely utilized in electric vehicle production, which drives the Ceramic Balls Market growth. This can be attributed to several benefits provided by ceramic ball bearings, including improved acceleration capability, lower friction, improved wear resistance and higher speed. Moreover, higher demand for lightweight electric vehicles is likely to contribute to the products' rising popularity. According to the International Energy Agency (IEA), global electric vehicle production reached 10 million in 2020, showing a 43 percent increase over 2019. According to the Indian Brand Equity Foundation, the Indian EV market is also rapidly evolving, with close to 0.32 million vehicles sold in 2021, a 168 percent increase year on year. According to Niti Aayog, in September 2021, the Production-Linked Incentive (PLI) scheme worth INR 26,058 crore (US$3.5 billion) was approved for automotive manufacturing focusing on electric vehicles and hydrogen fuel cell vehicles. With the rise in the demand for electric vehicles and increasing government investment across the globe, the demand for Ceramic Balls is anticipated to rise for various applications, which is projected to boost the market growth in the electric vehicles industry during the forecast period.

Ceramic Balls Market Challenges

High Manufacturing Costs and Raw Material Price Fluctuations:

Price fluctuations in raw materials used for making Ceramic Balls are a significant concern for the Ceramic Balls Market. Rapid fluctuations in the prices of raw materials like silicon, alumina, zirconia and boron, as well as a lack of product availability, are expected to hinder the Ceramic Balls Market in the near future. Furthermore, rising environmental and health risks such as chronic inhalation, asthma and other respiratory problems from manufacturing operations are expected to impose stringent regulations, limiting the growth of the Ceramic Balls Market over the forecast period.

Ceramic Balls Industry Outlook

Technology launches, acquisitions and R&D activities are key strategies adopted by players in the Ceramic Balls Market. The top 10 companies in the Ceramic Balls Market are:

  1. Axens
  2. Honeywell International
  3. Saint-Gobain
  4. Industrial Tectonics Inc.
  5. Toshiba Materials Co. Ltd.
  6. Global Precision Ball & Roller
  7. Fineway Inc.
  8. Coorstek, Inc.
  9. Devson Catalyst Private Limited
  10. Topack Ceramics Pvt. Ltd.

Relevant Reports

Cosmetic Packaging Market - Industry Analysis, Market Size, Share, Trends, Application Analysis, Growth and Forecast Analysis
Report Code: CPR 0108

Ceramic Adhesive Market - Industry Analysis, Market Size, Share, Trends, Application Analysis, Growth and Forecast Analysis
Report Code: CMR 93263

For more Chemicals and Materials related reports, please click here

1. Ceramic Balls Market - Market Overview
    1.1 Definitions and Scope
2. Ceramic Balls Market - Executive Summary
    2.1 Key Trends by Material Type
    2.2 Key Trends by Function
    2.3 Key Trends by Application
    2.4 Key Trends by End-use Industry
    2.5 Key Trends by Geography
3. Ceramic Balls Market – Comparative analysis
    3.1 Market Share Analysis - Major Companies
    3.2 Product Benchmarking - Major Companies
    3.3 Top 5 Financials Analysis
    3.4 Patent Analysis - Major Companies
    3.5 Pricing Analysis (ASPs will be provided)
4. Ceramic Balls Market - Startup companies Scenario Premium Premium
    4.1 Major startup company analysis:
        4.1.1 Investment
        4.1.2 Revenue
        4.1.3 Product portfolio
        4.1.4 Venture Capital and Funding Scenario
5. Ceramic Balls Market – Industry Market Entry Scenario Premium Premium
    5.1 Regulatory Framework Overview
    5.2 New Business and Ease of Doing Business Index
    5.3 Successful Venture Profiles
    5.4 Customer Analysis – Major companies
6. Ceramic Balls Market - Market Forces
    6.1 Market Drivers
    6.2 Market Constraints
    6.3 Porter's Five Force Model
        6.3.1 Bargaining Power of Suppliers
        6.3.2 Bargaining Powers of Buyers
        6.3.3 Threat of New Entrants
        6.3.4 Competitive Rivalry
        6.3.5 Threat of Substitutes
7. Ceramic Balls Market – Strategic Analysis
    7.1 Value Chain Analysis
    7.2 Opportunity Analysis
    7.3 Product/Market Life Cycle
    7.4 Distributor Analysis – Major Companies
8. Ceramic Balls Market - by Material Type (Market Size - US$ Million/Billion)
    8.1 Silicon Based
    8.2 Alumina Based
    8.3 Zirconia Based
    8.4 Others
9. Ceramic Balls Market - by Function (Market Size - US$ Million/Billion)
    9.1 Inert Ceramic Balls
    9.2 Active Ceramic Balls
10. Ceramic Balls Market - by Application (Market Size - US$ Million/Billion)
    10.1 Bearing
    10.2 Grinding
    10.3 Valve
    10.4 Others
11. Ceramic Balls Market - by End-use Industry (Market Size - US$ Million/Billion)
    11.1 Automotive
        11.1.1 Passenger Vehicles (PV)
        11.1.2 Light Commercial Vehicles (LCV)
        11.1.3 Heavy Commercial Vehicles (HCV)
    11.2 Aerospace
        11.2.1 Commercial
        11.2.2 Military
        11.2.3 Others
    11.3 Chemical
    11.4 Others
12. Ceramic Balls Market - By Geography (Market Size - US$ Million/Billion)
    12.1 North America
        12.1.1 The USA
        12.1.2 Canada
        12.1.3 Mexico
    12.2 Europe
        12.2.1 The UK
        12.2.2 Germany
        12.2.3 France
        12.2.4 Italy
        12.2.5 The Netherlands
        12.2.6 Spain
        12.2.7 Belgium
        12.2.8 The Rest of Europe
    12.3 Asia-Pacific
        12.3.1 China
        12.3.2 Japan
        12.3.3 India
        12.3.4 South Korea
        12.3.5 Australia and New Zealand
        12.3.6 Indonesia
        12.3.7 Taiwan
        12.3.8 Malaysia
        12.3.9 The Rest of APAC
    12.4 South America
        12.4.1 Brazil
        12.4.2 Argentina
        12.4.3 Colombia
        12.4.4 Chile
        12.4.5 The Rest of South America
    12.5 The Rest of the World
        12.5.1 The Middle East
            12.5.1.1 Saudi Arabia
            12.5.1.2 The UAE
            12.5.1.3 Israel
            12.5.1.4 The Rest of the Middle East
        12.5.2 Africa
            12.5.2.1 South Africa
            12.5.2.2 Nigeria
            12.5.2.3 The Rest of Africa
13. Ceramic Balls Market – Entropy
    13.1 New Product Launches
    13.2 M&As, Collaborations, JVs and Partnerships
14. Ceramic Balls Market – Industry/Segment Competition Landscape Premium
    14.1 Company Benchmarking Matrix – Major Companies
    14.2 Market Share at Global Level - Major companies
    14.3 Market Share by Key Region - Major companies
    14.4 Market Share by Key Country - Major companies
    14.5 Market Share by Key Application - Major companies
    14.6 Market Share by Key Product Type/Product category - Major companies
15. Ceramic Balls Market – Key Company List by Country Premium Premium
16. Ceramic Balls MarketCompany Analysis - Business Overview, Product Portfolio, Financials and Developments
    16.1 Company 1
    16.2 Company 2
    16.3 Company 3
    16.4 Company 4
    16.5 Company 5
    16.6 Company 6
    16.7 Company 7
    16.8 Company 8
    16.9 Company 9
    16.10 Company 10 and more
* "Financials would be provided to private companies on a best-efforts basis."
Connect with our experts to get customized reports that best suit your requirements. Our reports include global-level data, niche markets and competitive landscape.

LIST OF TABLES

1.Global Ceramic Balls Market By Function Market 2023-2030 ($M)
1.1 Inert Ceramic Balls Market 2023-2030 ($M) - Global Industry Research
1.2 Active Ceramic Balls Market 2023-2030 ($M) - Global Industry Research
2.Global Ceramic Balls Market By End-USE Industry Market 2023-2030 ($M)
2.1 Automotive Market 2023-2030 ($M) - Global Industry Research
2.2 Chemical Market 2023-2030 ($M) - Global Industry Research
2.3 Aerospace Market 2023-2030 ($M) - Global Industry Research
3.Global Ceramic Balls Market By Function Market 2023-2030 (Volume/Units)
3.1 Inert Ceramic Balls Market 2023-2030 (Volume/Units) - Global Industry Research
3.2 Active Ceramic Balls Market 2023-2030 (Volume/Units) - Global Industry Research
4.Global Ceramic Balls Market By End-USE Industry Market 2023-2030 (Volume/Units)
4.1 Automotive Market 2023-2030 (Volume/Units) - Global Industry Research
4.2 Chemical Market 2023-2030 (Volume/Units) - Global Industry Research
4.3 Aerospace Market 2023-2030 (Volume/Units) - Global Industry Research
5.North America Ceramic Balls Market By Function Market 2023-2030 ($M)
5.1 Inert Ceramic Balls Market 2023-2030 ($M) - Regional Industry Research
5.2 Active Ceramic Balls Market 2023-2030 ($M) - Regional Industry Research
6.North America Ceramic Balls Market By End-USE Industry Market 2023-2030 ($M)
6.1 Automotive Market 2023-2030 ($M) - Regional Industry Research
6.2 Chemical Market 2023-2030 ($M) - Regional Industry Research
6.3 Aerospace Market 2023-2030 ($M) - Regional Industry Research
7.South America Ceramic Balls Market By Function Market 2023-2030 ($M)
7.1 Inert Ceramic Balls Market 2023-2030 ($M) - Regional Industry Research
7.2 Active Ceramic Balls Market 2023-2030 ($M) - Regional Industry Research
8.South America Ceramic Balls Market By End-USE Industry Market 2023-2030 ($M)
8.1 Automotive Market 2023-2030 ($M) - Regional Industry Research
8.2 Chemical Market 2023-2030 ($M) - Regional Industry Research
8.3 Aerospace Market 2023-2030 ($M) - Regional Industry Research
9.Europe Ceramic Balls Market By Function Market 2023-2030 ($M)
9.1 Inert Ceramic Balls Market 2023-2030 ($M) - Regional Industry Research
9.2 Active Ceramic Balls Market 2023-2030 ($M) - Regional Industry Research
10.Europe Ceramic Balls Market By End-USE Industry Market 2023-2030 ($M)
10.1 Automotive Market 2023-2030 ($M) - Regional Industry Research
10.2 Chemical Market 2023-2030 ($M) - Regional Industry Research
10.3 Aerospace Market 2023-2030 ($M) - Regional Industry Research
11.APAC Ceramic Balls Market By Function Market 2023-2030 ($M)
11.1 Inert Ceramic Balls Market 2023-2030 ($M) - Regional Industry Research
11.2 Active Ceramic Balls Market 2023-2030 ($M) - Regional Industry Research
12.APAC Ceramic Balls Market By End-USE Industry Market 2023-2030 ($M)
12.1 Automotive Market 2023-2030 ($M) - Regional Industry Research
12.2 Chemical Market 2023-2030 ($M) - Regional Industry Research
12.3 Aerospace Market 2023-2030 ($M) - Regional Industry Research
13.MENA Ceramic Balls Market By Function Market 2023-2030 ($M)
13.1 Inert Ceramic Balls Market 2023-2030 ($M) - Regional Industry Research
13.2 Active Ceramic Balls Market 2023-2030 ($M) - Regional Industry Research
14.MENA Ceramic Balls Market By End-USE Industry Market 2023-2030 ($M)
14.1 Automotive Market 2023-2030 ($M) - Regional Industry Research
14.2 Chemical Market 2023-2030 ($M) - Regional Industry Research
14.3 Aerospace Market 2023-2030 ($M) - Regional Industry Research

LIST OF FIGURES

1.US Ceramic Balls Market Revenue, 2023-2030 ($M)
2.Canada Ceramic Balls Market Revenue, 2023-2030 ($M)
3.Mexico Ceramic Balls Market Revenue, 2023-2030 ($M)
4.Brazil Ceramic Balls Market Revenue, 2023-2030 ($M)
5.Argentina Ceramic Balls Market Revenue, 2023-2030 ($M)
6.Peru Ceramic Balls Market Revenue, 2023-2030 ($M)
7.Colombia Ceramic Balls Market Revenue, 2023-2030 ($M)
8.Chile Ceramic Balls Market Revenue, 2023-2030 ($M)
9.Rest of South America Ceramic Balls Market Revenue, 2023-2030 ($M)
10.UK Ceramic Balls Market Revenue, 2023-2030 ($M)
11.Germany Ceramic Balls Market Revenue, 2023-2030 ($M)
12.France Ceramic Balls Market Revenue, 2023-2030 ($M)
13.Italy Ceramic Balls Market Revenue, 2023-2030 ($M)
14.Spain Ceramic Balls Market Revenue, 2023-2030 ($M)
15.Rest of Europe Ceramic Balls Market Revenue, 2023-2030 ($M)
16.China Ceramic Balls Market Revenue, 2023-2030 ($M)
17.India Ceramic Balls Market Revenue, 2023-2030 ($M)
18.Japan Ceramic Balls Market Revenue, 2023-2030 ($M)
19.South Korea Ceramic Balls Market Revenue, 2023-2030 ($M)
20.South Africa Ceramic Balls Market Revenue, 2023-2030 ($M)
21.North America Ceramic Balls By Application
22.South America Ceramic Balls By Application
23.Europe Ceramic Balls By Application
24.APAC Ceramic Balls By Application
25.MENA Ceramic Balls By Application
26.Axens, Sales /Revenue, 2015-2018 ($Mn/$Bn)
27.Honeywell International, Sales /Revenue, 2015-2018 ($Mn/$Bn)
28.Saint-Gobain, Sales /Revenue, 2015-2018 ($Mn/$Bn)
29.Industrial Tectonics Inc., Sales /Revenue, 2015-2018 ($Mn/$Bn)
30.Fineway Inc., Sales /Revenue, 2015-2018 ($Mn/$Bn)
31.Metalball, Sales /Revenue, 2015-2018 ($Mn/$Bn)
32.Devson Catalyst Private Limited, Sales /Revenue, 2015-2018 ($Mn/$Bn)
33.Topack Ceramics Pvt. Ltd., Sales /Revenue, 2015-2018 ($Mn/$Bn)