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
Market Size Value in US$ 168.9 Million in 2018 Market Size Value by US$ 347.4 Million by 2027 Growth rate CAGR of 8.4% from 2019-2027 Forecast Period 2019-2027 Base Year 2019
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Asia Pacific Ceramic Balls Market: Strategic Insights
| Market Size Value in | US$ 168.9 Million in 2018 |
| Market Size Value by | US$ 347.4 Million by 2027 |
| Growth rate | CAGR of 8.4% from 2019-2027 |
| Forecast Period | 2019-2027 |
| Base Year | 2019 |
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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.
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
Material, Function, and Application
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
Australia, China, Japan, South Korea
1. Introduction
1.1 Scope of the Study
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
1.3.1 Asia Pacific Ceramic Balls Market – By Material
1.3.2 Asia Pacific Ceramic Balls Market – By Function
1.3.3 Asia Pacific Ceramic Balls Market – By Application
1.3.4 Asia Pacific Ceramic Balls Market – By Country
2. Key Takeaways
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. Ceramic Balls Market Landscape
4.1 Market Overview
4.2 PEST Analysis – Asia Pacific
5. Ceramic Balls Market – Key Industry Dynamics
5.1 Market Drivers
5.1.1 Significant Shift of the Consumers Towards Ceramic Balls Over Steel Balls
5.1.2 Increasing Use of Ceramic Balls in the Automotive Industry
5.2 Market Restraints
5.2.1 High Initial Cost Associated with the Use of Ceramic Balls
5.3 Market Opportunity
5.3.1 Remarkable spending in chemical industry to foster the market growth
5.4 Future Trends
5.4.1 Growing application in medical industry
5.5 Impact Analysis of Drivers and Restraints
6. Ceramic Balls – Asia Pacific Market Analysis
6.1 Asia Pacific Ceramic Balls Market Overview
6.2 Asia Pacific Ceramic Balls Market Forecast and Analysis
6.3 Market Positioning/ Market Share
7. Asia Pacific Ceramic Balls Market Analysis – By Material
7.1 Overview
7.2 Asia Pacific Ceramic Balls Market Breakdown, By Material, 2018 & 2027
7.3 Zirconia
7.3.1 Overview
7.3.2 Asia Pacific Zirconia Ceramic Balls Market Revenue and Forecasts to 2027 (US$ Mn)
7.4 Silicon
7.4.1 Overview
7.4.2 Asia Pacific Silicon Ceramic Balls Market Revenue and Forecasts to 2027 (US$ Mn)
7.5 Alumina
7.5.1 Overview
7.5.2 Asia Pacific Alumina Ceramic Balls Market Revenue and Forecasts to 2027 (US$ Mn)
7.6 Others
7.6.1 Overview
7.6.2 Asia Pacific Other Ceramic Balls Materials Market Revenue and Forecasts to 2027 (US$ Mn)
8. Asia Pacific Ceramic Balls Market Analysis – By Function
8.1 Overview
8.2 Asia Pacific Ceramic Balls Market Breakdown, By Function, 2018 & 2027
8.3 Active
8.3.1 Overview
8.3.2 Asia Pacific Active Ceramic Balls Market Revenue and Forecasts to 2027 (US$ Mn)
8.4 Inert
8.4.1 Overview
8.4.2 Asia Pacific Inert Ceramic Balls Market Revenue and Forecasts to 2027 (US$ Mn)
9. Asia Pacific Ceramic Balls Market Analysis – By Application
9.1 Overview
9.2 Asia Pacific Ceramic Balls Market Breakdown, By Application, 2018 & 2027
9.3 Aerospace
9.3.1 Overview
9.3.2 Asia Pacific Aerospace Market Revenue and Forecasts to 2027 (US$ Mn)
9.4 Automotive
9.4.1 Overview
9.4.2 Asia Pacific Automotive Market Revenue and Forecasts to 2027 (US$ Mn)
9.5 Chemical
9.5.1 Overview
9.5.2 Asia Pacific Chemical Market Revenue and Forecasts to 2027 (US$ Mn)
9.6 Others
9.6.1 Overview
9.6.2 Asia Pacific Others Market Revenue and Forecasts to 2027 (US$ Mn)
10. Ceramic Balls Market – Geographical Analysis
10.1 Overview
10.1.1 Asia Pacific Ceramic Balls Market Breakdown, by Key Countries
10.1.1.1 Australia Ceramic Balls Market Revenue and Forecasts to 2027 (US$ MN)
10.1.1.1.1 Australia Ceramic Balls Market Breakdown by Material
10.1.1.1.2 Australia Ceramic Balls Market Breakdown by Function
10.1.1.1.3 Australia Ceramic Balls Market Breakdown by Application
10.1.1.2 China Ceramic Balls Market Revenue and Forecasts to 2027 (US$ MN)
10.1.1.2.1 China Ceramic Balls Market Breakdown by Material
10.1.1.2.2 China Ceramic Balls Market Breakdown by Function
10.1.1.2.3 China Ceramic Balls Market Breakdown by Application
10.1.1.3 India Ceramic Balls Market Revenue and Forecasts to 2027 (US$ MN)
10.1.1.3.1 India Ceramic Balls Market Breakdown by Material
10.1.1.3.2 India Ceramic Balls Market Breakdown by Function
10.1.1.3.3 India Ceramic Balls Market Breakdown by Application
10.1.1.4 Japan Ceramic Balls Market Revenue and Forecasts to 2027 (US$ MN)
10.1.1.4.1 Japan Ceramic Balls Market Breakdown by Material
10.1.1.4.2 Japan Ceramic Balls Market Breakdown by Function
10.1.1.4.3 Japan Ceramic Balls Market Breakdown by Application
10.1.1.5 South Korea Ceramic Balls Market Revenue and Forecasts to 2027 (US$ MN)
10.1.1.5.1 South Korea Ceramic Balls Market Breakdown by Material
10.1.1.5.2 South Korea Ceramic Balls Market Breakdown by Function
10.1.1.5.3 South Korea Ceramic Balls Market Breakdown by Application
10.1.1.6 Rest of Asia Pacific Ceramic Balls Market Revenue and Forecasts to 2027 (US$ MN)
10.1.1.6.1 Rest of Asia Pacific Ceramic Balls Market Breakdown by Material
10.1.1.6.2 Rest of Asia Pacific Ceramic Balls Market Breakdown by Function
10.1.1.6.3 Rest of Asia Pacific Ceramic Balls Market Breakdown by Application
11. Industry Landscape
11.1 Overview
11.2 Merger & Acquisition
11.3 Expansion and Other Strategic Development
11.4 Expansion and Other Strategic Development
12. Company Profiles
12.1 Axens
12.1.1 Key Facts
12.1.2 Business Description
12.1.3 Products and Services
12.1.4 Financial Overview
12.1.5 SWOT Analysis
12.2 CoorsTek Inc.
12.2.1 Key Facts
12.2.2 Business Description
12.2.3 Products and Services
12.2.4 Financial Overview
12.2.5 SWOT Analysis
12.2.6 Key Developments
12.3 Devson Catalyst Pvt. Ltd
12.3.1 Key Facts
12.3.2 Business Description
12.3.3 Products and Services
12.3.4 Financial Overview
12.3.5 SWOT Analysis
12.4 Industrie Bitossi
12.4.1 Key Facts
12.4.2 Business Description
12.4.3 Products and Services
12.4.4 Financial Overview
12.4.5 SWOT Analysis
12.5 Industrial Tectonics Inc
12.5.1 Key Facts
12.5.2 Business Description
12.5.3 Products and Services
12.5.4 Financial Overview
12.5.5 SWOT Analysis
12.5.6 Key Developments
12.6 Pingxiang XINGFENG Chemical Packing Co., Ltd
12.6.1 Key Facts
12.6.2 Business Description
12.6.3 Products and Services
12.6.4 Financial Overview
12.6.5 SWOT Analysis
12.7 Preciball SA
12.7.1 Key Facts
12.7.2 Business Description
12.7.3 Products and Services
12.7.4 Financial Overview
12.7.5 SWOT Analysis
12.8 Topack Ceramics Pvt. Ltd.
12.8.1 Key Facts
12.8.2 Business Description
12.8.3 Products and Services
12.8.4 Financial Overview
12.8.5 SWOT Analysis
12.9 Toshiba Materials Co., LTD.
12.9.1 Key Facts
12.9.2 Business Description
12.9.3 Products and Services
12.9.4 Financial Overview
12.9.5 SWOT Analysis
12.9.6 Key Developments
12.10 Zibo Sinoshine Import & Export Co., Ltd
12.10.1 Key Facts
12.10.2 Business Description
12.10.3 Products and Services
12.10.4 Financial Overview
12.10.5 SWOT Analysis
13. Appendix
13.1 About the Insight Partners
13.2 Glossary
LIST OF TABLES
Table 1. Asia Pacific Ceramic Balls Market Revenue and Forecasts to 2027 (US$ Mn)
Table 2. Asia Pacific Ceramic Balls Market Revenue and Forecasts to 2027 – By Material (US$ Mn)
Table 3. Asia Pacific Ceramic Balls Market Revenue and Forecasts to 2027 – By Function (US$ Mn)
Table 4. Asia Pacific Ceramic Balls Market Revenue and Forecasts to 2027 – By Application (US$ Mn)
Table 5. Australia Ceramic Balls Market Revenue and Forecasts to 2027 – By Material (US$ Mn)
Table 6. Australia Ceramic Balls Market Revenue and Forecasts to 2027 – By Function (US$ Mn)
Table 7. Australia Ceramic Balls Market Revenue and Forecasts to 2027 – By application (US$ Mn)
Table 8. China Ceramic Balls Market Revenue and Forecasts to 2027 – By Material (US$ Mn)
Table 9. China Ceramic Balls Market Revenue and Forecasts to 2027 – By Function (US$ Mn)
Table 10. China Ceramic Balls Market Revenue and Forecasts to 2027 – By application (US$ Mn)
Table 11. India Ceramic Balls Market Revenue and Forecasts to 2027 – By Material (US$ Mn)
Table 12. India Ceramic Balls Market Revenue and Forecasts to 2027 – By Function (US$ Mn)
Table 13. India Ceramic Balls Market Revenue and Forecasts to 2027 – By application (US$ Mn)
Table 14. Japan Ceramic Balls Market Revenue and Forecasts to 2027 – By Material (US$ Mn)
Table 15. Japan Ceramic Balls Market Revenue and Forecasts to 2027 – By Function (US$ Mn)
Table 16. Japan Ceramic Balls Market Revenue and Forecasts to 2027 – By application (US$ Mn)
Table 17. South Korea Ceramic Balls Market Revenue and Forecasts to 2027 – By Material (US$ Mn)
Table 18. South Korea Ceramic Balls Market Revenue and Forecasts to 2027 – By Function (US$ Mn)
Table 19. South Korea Ceramic Balls Market Revenue and Forecasts to 2027 – By Application (US$ Mn)
Table 20. Rest of Asia Pacific Ceramic Balls Market Revenue and Forecasts to 2027 – By Material (US$ Mn)
Table 21. Rest of Asia Pacific Ceramic Balls Market Revenue and Forecasts to 2027 – By Function (US$ Mn)
Table 22. Rest of Asia Pacific Ceramic Balls Market Revenue and Forecasts to 2027 – By Application (US$ Mn)
Table 23. Glossary of Terms, Ceramic Balls Market
LIST OF FIGURES
Figure 1. Asia Pacific Ceramic Balls Market Segmentations
Figure 2. Asia Pacific Ceramic Balls Market Segmentation – By Country
Figure 3. Ceramic Balls Market-By Application, Revenue and Forecast, 2018 to 2027, US$ Mn
Figure 4. Asia Pacific Ceramic Balls Market – By Function, 2018-2027, (%)
Figure 5. Asia Pacific PEST Analysis
Figure 6. Ceramic Balls Market Impact Analysis Of Driver And Restraints
Figure 7. Asia Pacific Ceramic Balls Market Forecast And Analysis, (US$ Mn)
Figure 8. Asia Pacific Ceramic Balls Market Breakdown by Material, 2018 & 2027 (%)
Figure 9. Asia Pacific Zirconia Ceramic Balls Market Revenue And Forecasts To 2027 (US$ Mn)
Figure 10. Asia Pacific Silicon Ceramic Balls Market Revenue And Forecasts To 2027 (US$ Mn)
Figure 11. Asia Pacific Alumina Ceramic Balls Market Revenue And Forecasts To 2027 (US$ Mn)
Figure 12. Asia Pacific Other Ceramic Balls Market Revenue And Forecasts To 2027 (US$ Mn)
Figure 13. Asia Pacific Ceramic Balls Market Breakdown by Function, 2018 & 2027 (%)
Figure 14. Asia Pacific Active Ceramic Balls Market Revenue And Forecasts To 2027 (US$ Mn)
Figure 15. Asia Pacific Inert Ceramic Balls Market Revenue And Forecasts To 2027 (US$ Mn)
Figure 16. Asia Pacific Ceramic Balls Market Breakdown by Application, 2018 & 2027 (%)
Figure 17. Asia Pacific Aerospace Market Revenue And Forecasts To 2027 (US$ Mn)
Figure 18. Asia Pacific Automotive Market Revenue And Forecasts To 2027 (US$ Mn)
Figure 19. Asia Pacific Chemical Market Revenue And Forecasts To 2027 (US$ Mn)
Figure 20. Asia Pacific Other Applications Market Revenue And Forecasts To 2027 (US$ Mn)
Figure 21. Asia Pacific Ceramic Balls Market Breakdown by Key Countries, 2018 & 2027(%)
Figure 22. Australia Ceramic Balls market Revenue and Forecasts to 2027 (US$ MN)
Figure 23. China Ceramic Balls Market Revenue and Forecasts to 2027 (US$ MN)
Figure 24. India Ceramic Balls market Revenue and Forecasts to 2027 (US$ MN)
Figure 25. Japan Ceramic Balls market Revenue and Forecasts to 2027 (US$ MN)
Figure 26. South Korea Ceramic Balls market Revenue and Forecasts to 2027 (US$ MN)
Figure 27. Rest of Asia Pacific Ceramic Balls Market Revenue and Forecasts to 2027 (US$ MN)
Figure 28. Ceramic Balls Market, Industry Landscape (2015-2018) (%)
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
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- 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.
- 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:
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.
- 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.
- 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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