Europe Ceramic Balls Market Analysis and Forecasts to 2027 by Material, Function and Application

Europe 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 Code : TIPRE00006275
  • Category : Chemicals and Materials
  • Status : Published
  • No. of Pages : 147
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The Europe ceramic balls market accounted to US$ 129.5 Mn in 2018 and is expected to grow at a CAGR of 6.6% during the forecast period 2019 - 2027, to account to US$ 280.7 Mn by 2027.

Germany accounted for the largest market share in the Europe ceramic balls market. The rise ceramic balls market in Germany is primarily attributed to the expansion of the automotive industry in the region. The automotive industry in Germany provide a huge market opportunity in the ceramic balls market. The automotive industry in Germany with respect to the production of high-tech automotive products is one of the strongest in the world. For instance, according to Germany trade and invest report more than 5.5 million passenger vehicle was produced in Germany in 2017. Moreover, countries like Germany, France, Italy, and the UK have a flourishing manufacturing industry which further propels the demand for ceramic balls in these countries.

Europe Ceramic Balls Markets

Revenue and Forecast, 2018

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Market Insights

Remarkable spending in chemical industry provides opportunity for the ceramic balls market growth

The demand for ceramic has increased from the chemical industry which provide a huge developing potential for key players operating in the Europe Ceramic balls market.  The chemical industry is expected to spend heavily over the next twenty years owing to the introduction of new feedstock sources. This spending in the chemical industry is expected to boost the capacity of production and contribute to more efficient production. Ceramic bearings are more suitable for extreme chemical, thermal, and mechanical stress conditions owing to their lower density, hardness, and resistance to wear & corrosion. Therefore, the overall development of ceramic industry in Europe boost the ceramic balls market growth.

Developed automotive industry in Europe boosts the demand for ceramic balls for bearings and valves

Ceramic balls are highly adopted in automotive applications owing to its lighter weight, rigidity, and corrosion resistance. In automobiles, ceramic bearings attain a faster speed with minimum energy owing to its increased stiffness, durability, reduced rolling resistance, and reduced weight. Ceramic automotive bearings are commonly used with airbags, seat slides & seating tracks, constant velocity joints, seatbelt locking mechanism, double offset joints, spindle bearings, and tripod joints including many other systems. Moreover, the rise in demand for turbochargers subsequently increases the demand for ceramic ball market in Europe.

Function Insights

On the basis of function, the Europe ceramic balls market has been segmented into active and inert. Under the function segment, the inert ceramic balls market led the Europe ceramic balls market. The highest share of the inert ceramic balls segment is mainly to a wide range of product offering for applications such as petroleum, chemical, fertilizer, natural gas, and environmental protection industries. In gas processing, the inert ceramic balls are used drying, and gas liquefaction processes. Furthermore, the primary role of inert ceramic balls is to enhance liquid distribution. These balls also offer support and protection to the activating catalyst with low strength, which further boosts the demand for inert ceramic balls market in the chemical applications.

Application Insights

The Europe ceramic balls market by application has been segmented into aerospace, automotive, chemical, and others. The automotive market segment dominated the Europe ceramic balls market. This sector accounts for almost 4% of the total European GDP. Europe is among the world’s largest producer of motor vehicles. Taking into consideration the developing potential of the automotive industry and maintain its global technological leadership, the government in European Commissions provide funds for research and development. Therefore, the constant growth in the automotive industry promotes the demand for ceramic balls. Moreover, the demand for ceramic balls in the aerospace industry is anticipated to grow at a faster pace over the forecast period.

Rest of Europe Ceramic Balls Market by Application

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Europe Ceramic Balls Market: Strategic Insights

europe-ceramic-balls-market
Market Size Value inUS$ 129.5 Million in 2018
Market Size Value byUS$ 280.7 Million by 2027
Growth rateCAGR of 6.6% from 2019-2027
Forecast Period2019-2027
Base Year2019
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Merger & acquisition and expansion were observed as the most adopted strategies in Europe ceramic balls market. Few of the recent developments in the Europe 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 closely connected with the R&D teams of the company in Japan and the United States, which 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. The investment will support the rapid development of new materials helping customers to solve the challenges with the high-performance properties of advanced ceramics. The CoorsTek Center for Advanced Materials is a modern facility which combines the experience of the experts and the tools needed for innovation.

EUROPE CERAMIC BALLS MARKET SEGMENTATION

By Material

•   Zirconia•   Silicon•   Alumina•   Others

By Function

•   Active•   Inert

By Application

•   Aerospace•   Automotive•   Chemical•   Others

By Country

  • Germany
  • France
  • Italy
  • UK
  • Russia
  • Rest of Europe

Company Profiles

  • Axens
  • CoorsTek, Inc.
  • Devson Catalyst Pvt. Ltd
  • Global Precision Ball & Roller
  • IIndustrie Bitossi
  • Industrial Tectonics Inc.
  • MetalBall
  • Preciball SA
  • Topack Ceramics Pvt. Ltd
  • Toshiba Materials Co., Ltd.
Report Coverage
Report Coverage

Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends

Segment Covered
Segment Covered

Material, Function, and Application

Regional Scope
Regional Scope

North America, Europe, Asia Pacific, Middle East & Africa, South & Central America

Country Scope
Country Scope

UK, Germany, France, Italy, Russia

The List of Companies

  1. Axens
  2. CoorsTek, Inc.
  3. Devson Catalyst Pvt. Ltd
  4. Global Precision Ball & Roller
  5. IIndustrie Bitossi
  6. Industrial Tectonics Inc.
  7. MetalBall
  8. Preciball SA
  9. Topack Ceramics Pvt. Ltd
  10. Toshiba Materials Co., Ltd.

The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.

  1. Data Collection and Secondary Research:

As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.

Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.

  1. Primary Research:

The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.

For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.

A typical research interview fulfils the following functions:

  • Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
  • Validates and strengthens in-house secondary research findings
  • Develops the analysis team’s expertise and market understanding

Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:

  • Industry participants: VPs, business development managers, market intelligence managers and national sales managers
  • Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.

Below is the breakup of our primary respondents by company, designation, and region:

Research Methodology

Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.

  1. Data Analysis:

Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.

  • 3.1 Macro-Economic Factor Analysis:

We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.

  • 3.2 Country Level Data:

Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.

  • 3.3 Company Profile:

The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.

  • 3.4 Developing Base Number:

Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.

  1. Data Triangulation and Final Review:

The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.

We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.

We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.

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