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Ceramic Balls Market: Global Opportunity Analysis and Industry Forecast, 2020–2027

A06901
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Sep 2020 | 58 Views
 
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Ceramic Balls Market Analysis 2020-2027:

Ceramic ball is a rolling element and spherical in shape that exhibits higher electrical resistance, increased corrosion resistance, lighter weight, low thermal expansion, and superior stiffness than steel ball. It is made from a variety of ceramic materials. It is processed by pressing a ceramic powder binder mixture in a preform shape. Lightweight ceramic balls serve as a crucial alternative to steel balls in several applications such as agitators, valves, and grinding media, which acts as a primary growth factor of the market. Ceramic ball finds its application across various industries, including aerospace, chemical, and automotive, owing to benefits associated with it such as minimum noise, increased operation speed, reduced weight, high-temperature resistance, corrosion resistance, and high strength.

 

Market scope and structure analysis

                                 Report Metric

                                  Details

  Market size available for years

  2019–2027

  Base year considered

  2019

  Forecast period

  2020–2027

  Forecast unit

  Value (USD)

  Segments covered

Function, Material, End Use, Application, and Region

  Regions covered

North America (U.S., Mexico, and Canada), Europe (Germany, UK, France, and the Rest of Europe), Asia-Pacific (China, Japan, India, and the Rest of Asia-Pacific), and LAMEA (Brazil, South Africa, Saudi Arabia, and the Rest of LAMEA)

  Companies covered

Axens, Coorstek, Inc., Carter Manufacturing Ltd., Devson Catalyst Private Limited, Fineway Inc., Global Precision Ball & Roller, Guangzhou Chemxin Environmental Material Co., Ltd., Honeywell International, Inc., Industrial Tectonics Inc., and Toshiba Materials Co., Ltd.

 

Key drivers of global ceramic balls market

Increase in use of ceramic balls in the automotive and chemical end-use industries due to their superior properties, such as corrosion & heat resistance and high temperature resistance, coupled with versatility acts as the key factor, which drives the growth of the global ceramic balls market. In addition, increase in demand for ceramic balls in the chemical sector to boost the efficiency and productivity of ball mills and catalytic reactions significantly contributes toward the growth of the overall market. Moreover, owing to use of ceramic balls in the removal of mercury from natural gas and hydrocracking applications, the adoption of ceramic balls is expected to notably increase in the oil & gas sector 

Market scenario: opportunities and challenges 

Ceramic balls are used as absorbent bed support media and catalyst in various applications such as refining processes, petrochemical, and gas processing. Impact-resistant, durability, and higher crush strength are expected to boost their demand, globally. In addition, ceramic balls are lightweight, which acts as an essential factor in the aerospace and automotive industry. This is attributed to the fact that surge in demand for lightweight electric vehicles is likely to act as an opportunity, which further augments the market growth. However, high initial cost involved in the manufacturing of ceramic balls is expected to impede the market growth. Moreover, increase in health and environment threats such as asthma, chronic inhalation, and other respiratory problems caused due to the manufacturing process of ceramic balls is expected to enforce stringent regulations, which may adversely affect the growth of the global market.

Key segments covered

                                 Segment

                            Subsegment

  Function

  • Inert Ceramic Balls
  • Active Ceramic Balls

  Material

  • Silicon Based
  • Alumina Based
  • Zirconia Based
  • Others

  End-use Industry

  • Bearing
  • Grinding
  • Valve
  • Others

  Application

  • Automotive
  • Chemical
  • Aerospace
  • Others

 

COVID-19 scenario analysis

Owing to the outbreak of the COVID-19 pandemic, the global ceramic balls market is expected to witness a slowdown during the next couple of years. Governments of various countries have implemented lockdown, which has led to shutdown of factories in scores of cities and provinces across the world, thus leading to predictions of a sharp slowdown in the output from automotive to chemical industries. In addition, recent decline in the revenue of the automobile industry is one of the key factors that is likely to negatively impact the growth of ceramic balls market. Moreover, companies are dealing with missing sales and disrupted supply chains as production activities are shutdown.

Key benefits of the report

  • This study presents the analytical depiction of the global ceramic balls industry along with the current trends and future estimations to determine the imminent investment pockets.
  • The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the global ceramic balls market share.
  • The current market is quantitatively analyzed from 2019 to 2027 to highlight the global ceramic balls market growth scenario.
  • Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market. 
  • The report provides a detailed market analysis depending on competitive intensity and how the competition will take shape in coming years. 

Questions answered in the global ceramic balls market research report

  • Which are the leading market players active in the ceramic balls market?
  • What are the current trends that will influence the market in the next few years?
  • What are the driving factors, restraints, and opportunities of the market?
  • What are the projections for the future that would help in taking further strategic steps?
 
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