Asia Pacific Ceramic Balls Market Outlook and Strategic Insights by 2027
Historic Data: 2016-2017 | Base Year: 2018 | Forecast Period: 2019-2027Asia Pacific Ceramic Balls Market to 2027 - Regional Analysis and Forecasts By Material (Zirconia, Silicon, Alumina, and Others), Function (Active and Inert), and Application (Aerospace, Automotive, Chemical, and Others)
- Report Date : Jul 2019
- Report Code : TIPRE00006274
- Category : Chemicals and Materials
- Status : Published
- Available Report Formats :
- No. of Pages : 138
The Asia Pacific ceramic balls market accounted to US$ 168.9 Mn in 2018 and is expected to grow at a CAGR of 8.4% during the forecast period 2019 - 2027, to account to US$ 347.4 Mn by 2027.
China held the largest market share in the Asia Pacific ceramic balls market. The rise ceramic balls market in China is primarily attributed to the expansion of the automotive industry in the region. The Chinese economy is flooded with manufacturing and assembly units of some of the major manufacturers of electronics, automotive, and aerospace industries around the world. The rising production capacities of these units is creating a strong demand for advanced materials for efficient manufacturing. These factors further propel the demand for ceramic balls market in China.
Asia Pacific Ceramic Balls Markets Revenue and Forecast, 2018
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Market Insights
A significant shift of the consumers towards ceramic balls over steel balls provides an opportunity for the ceramic balls market growth
Steel ball bearings are comparatively older technology and used in many applications owing to the ability to handle very high loads. However, these bearings are noisy, heavy, and deliver lower chemical resistance. Also, they require constant lubrication and maintenance and susceptible to corrosion in humid environments. Along with this, compared to steel, ceramic materials provide superior heat resistance, higher dimensional stability, corrosion resistance, and lower density, which enables high speed. Thus, the aforementioned benefits associated with the use of ceramic balls are driving the Asia Pacific ceramic balls market.
Growing application of ceramic balls in the medical industry
The companies have realized the immense potential regarding the usage of ceramic balls in the medical industry. The companies such as CoorsTek, Inc., Industrial Tectonics Inc., and Toshiba Materials Co., Ltd., are few of the companies that are offering ceramic balls for medical applications. Similar to the chemical industry, pharmaceutical industries are subjected to a sensitive production environment, and ceramic balls and bearings are suitable solutions for medical applications. Increase in acceptance of ceramic balls in the medical industry for diagnostic & laboratory equipment and surgical & dental tools are expected to provide substantial growth opportunity to the industry players in the coming future.
Function Insights
On the basis of function, the Asia Pacific ceramic balls market has been segmented into active and inert. Under the function segment, the inert ceramic balls market led the Asia Pacific ceramic balls market. Moreover, the active ceramic balls segment is anticipated to register the fastest CAGR over the projected period due to increasing demand from the automotive and chemical industry. Active ceramic ball is a porous, and a highly dispersed solid material. Its microporous surface has the catalytic properties that are needed for adsorption, surface activity, excellent thermal stability, etc. This types of balls are characterized by high strength, and wear resistance, owing this it is widely used as a catalyst and a catalyst carrier for chemical reactions. Moreover, this type of balls is used as an adsorbent, desiccant, and catalyst carrier in petroleum, fertilizer, and gas separation industries.
Application Insights
The Asia Pacific ceramic balls market by application has been segmented into aerospace, automotive, chemical, and others. The automotive application segment accounted for the largest share in the Asia Pacific ceramic balls market. The Asia Pacific region is among the largest producer of vehicles globally. The growth in the automotive industry in Asia Pacific region provides a huge developing potential for other related sectors such as automotive component and part manufacturers. Ceramic balls are used in seating tracks, seat slides, safety restraints, seatbelt locking mechanisms, airbags, etc. due to its characteristics such as high-temperature resistance and strength. Therefore, the wide application of ceramic balls in a variety of automotive component drives the ceramic balls market in the automotive industry.
Rest of APAC Ceramic Balls Market by Application
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Asia Pacific Ceramic Balls Market: Strategic Insights
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Asia Pacific Ceramic Balls Market: Strategic Insights
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Merger & acquisition and expansion were observed as the most adopted strategies in Asia Pacific ceramic balls market. Few of the recent developments in the Asia Pacific ceramic balls market are listed below:
2018:
CoorsTek, Inc. opened a research and development (R&D) center in Uden, The Netherlands. The new R&D center is involved in developing technical ceramics capabilities to support CoorsTek customers around the world.
2016:
Toshiba Materials Co., Ltd., and Kyocera Corporation collaborated to start the development and production of nitride ceramic components.
2016:
CoorsTek, Inc. invested $120 million for the development of a new center for advanced materials in Colorado.ASIA PACIFIC CERAMIC BALLS MARKET SEGMENTATION
By Material
- Zirconia
- Silicon
- Alumina
- Others
By Function
- Active
- Inert
By Application
- Aerospace
- Automotive
- Chemical
- Others
By Country
- Australia
- China
- India
- Japan
- South Korea
- Rest of APAC
Company Profiles
- Axens
- CoorsTek, Inc.
- Devson Catalyst Pvt. Ltd
- IIndustrie Bitossi
- Industrial Tectonics Inc.
- Pingxiang XINGFENG Chemical Packing Co., Ltd
- Preciball SA
- Topack Ceramics Pvt. Ltd
- Toshiba Materials Co., Ltd.
- Zibo Sinoshine Import & Export Co., Ltd.
Asia Pacific Ceramic Balls Market Regional Insights
The regional trends and factors influencing the Asia Pacific Ceramic Balls Market throughout the forecast period have been thoroughly explained by the analysts at The Insight Partners. This section also discusses Asia Pacific Ceramic Balls Market segments and geography across North America, Europe, Asia Pacific, Middle East and Africa, and South and Central America.
- Get the Regional Specific Data for Asia Pacific Ceramic Balls Market
Asia Pacific Ceramic Balls Market Report Scope
| Report Attribute | Details |
|---|---|
| Market size in 2018 | US$ 168.9 Million |
| Market Size by 2027 | US$ 347.4 Million |
| Global CAGR (2019 - 2027) | 8.4% |
| Historical Data | 2016-2017 |
| Forecast period | 2019-2027 |
| Segments Covered |
By Material
|
| Regions and Countries Covered | Asia-Pacific
|
| Market leaders and key company profiles |
Asia Pacific Ceramic Balls Market Players Density: Understanding Its Impact on Business Dynamics
The Asia Pacific Ceramic Balls Market is growing rapidly, driven by increasing end-user demand due to factors such as evolving consumer preferences, technological advancements, and greater awareness of the product's benefits. As demand rises, businesses are expanding their offerings, innovating to meet consumer needs, and capitalizing on emerging trends, which further fuels market growth.
Market players density refers to the distribution of firms or companies operating within a particular market or industry. It indicates how many competitors (market players) are present in a given market space relative to its size or total market value.
Major Companies operating in the Asia Pacific Ceramic Balls Market are:
- Axens
- CoorsTek, Inc.
- Devson Catalyst Pvt. Ltd
- IIndustrie Bitossi
- Industrial Tectonics Inc.
Disclaimer: The companies listed above are not ranked in any particular order.
- Get the Asia Pacific Ceramic Balls Market top key players overview
Market Research & Consulting
- Historical Analysis (2 Years), Base Year, Forecast (7 Years) with CAGR
- PEST and SWOT Analysis
- Market Size Value / Volume - Global, Regional, Country
- Industry and Competitive Landscape
- Excel Dataset
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The List of Companies
- Axens
- CoorsTek, Inc.
- Devson Catalyst Pvt. Ltd
- IIndustrie Bitossi
- Industrial Tectonics Inc.
- Pingxiang XINGFENG Chemical Packing Co., Ltd
- Preciball SA
- Topack Ceramics Pvt. Ltd
- Toshiba Materials Co., Ltd.
- Zibo Sinoshine Import & Export Co., Ltd
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