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 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 (%)
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$3.5 billion) was approved for automotive manufacturing
focusing on electric vehicles and hydrogen fuel cell vehicles. With the
rise in the demand for electric vehicles and increasing government investment
across the globe, the demand for Ceramic Balls is anticipated to rise for
various applications, which is projected to boost the market growth in the
electric vehicles industry during the forecast period.
Ceramic Balls Market Challenges
High Manufacturing Costs and Raw Material Price Fluctuations:
Price fluctuations in raw materials used for making Ceramic Balls are a significant concern for the Ceramic Balls Market. Rapid fluctuations in the prices of raw materials like silicon, alumina, zirconia and boron, as well as a lack of product availability, are expected to hinder the Ceramic Balls Market in the near future. Furthermore, rising environmental and health risks such as chronic inhalation, asthma and other respiratory problems from manufacturing operations are expected to impose stringent regulations, limiting the growth of the Ceramic Balls Market over the forecast period.
Ceramic Balls Industry Outlook
Technology launches, acquisitions and R&D activities are
key strategies adopted by players in the Ceramic Balls Market. The top 10
companies in the Ceramic Balls Market are:
- Axens
- Honeywell International
- Saint-Gobain
- Industrial Tectonics Inc.
- Toshiba Materials Co. Ltd.
- Global Precision Ball & Roller
- Fineway Inc.
- Coorstek, Inc.
- Devson Catalyst Private Limited
- Topack Ceramics Pvt. Ltd.
Relevant Reports
Cosmetic
Packaging Market - Industry Analysis, Market Size, Share, Trends, Application
Analysis, Growth and Forecast Analysis
Report Code: CPR 0108
Ceramic
Adhesive Market - Industry Analysis, Market Size, Share, Trends, Application
Analysis, Growth and Forecast Analysis
Report Code: CMR 93263
For more Chemicals and Materials related reports, please click here
LIST OF TABLES
1.Global Ceramic Balls Market By Function Market 2023-2030 ($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)