Global ceramic balls market will reach $809 M by 2026

Zion Market Research has published a new report titled “Ceramic Balls Market by Function (Inert and Active), by Material (Silicon, Alumina, Zirconia, and Others), by Application (Bearing, Grinding, Valve, and Others), and by End-Use Industry (Automotive, Chemical, Aerospace, and Others): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2018-
2026”. According to the report, the global ceramic balls market was approximately $437 M in 2018 and is expected to generate around $809 M by 2026, at a CAGR of around 8.0% between 2019 and 2026. The global ceramic
balls market is fragmented into the function, material, application, and end-user industry. The function segment of the market includes active and inert. Based on material, the ceramic balls market includes silicon, alumina, zirconia, and others. The silicon-based ceramic balls are projected to register the highest growth rate in the years ahead, owing to their wide applications and superior properties like resistance to high temperature, low density, and abrasion resistance. These are used in various industries, such as aerospace, automotive, and chemical. Thus, due to wide applications and superior properties of silicon-based ceramic balls, this segment is expected to further propel in the future. On the basis of application, the ceramic balls market includes bearing, grinding, valve, and others. The bearing segment is expected to register the highest growth rate, as ceramic balls are harder than metals and help in reducing the contact with bearing tracks. This makes them ideal for bearing applications.
Additionally, the high performance of ceramic balls in bearing applications is also driving the ceramic balls segment growth. Automotive, chemical, aerospace, and others comprise the end-user industry segment of the global ceramic balls market. The automotive segment along with aerospace segment is expected to grow at the highest rate. In the automotive industry, ceramic balls are used in bearings, valves, and turbochargers. The aerospace manufacturers depend on ceramic balls for varied applications, such as navigation systems, gyroscopes (gyros), avionic instruments, flow metres, and other aerospace parts. The major application of ceramic balls in the aerospace industry includes turbine engines and transmissions. Properties of ceramic balls like vacuum-compatible and lightweight make them ideal for various aerospace applications. The Asia Pacific will hold a major share of the global ceramic balls market in the future, owing to the expansion of the regional automotive industry. Europe holds the second spot of the ceramic balls market globally. North America will hold a major share in the global ceramic balls market over the estimated timeline. The Middle East and Africa is expected to show significant growth owing to the growing manufacturing industry of the region. The Latin American ceramic balls market is expected to witness moderate growth over the forecast time period, owing to the demand growing product from the Brazilian automotive sector. Some key players operating in the global ceramic balls market are Axens, Honeywell International, Saint-Gobain, Industrial Tectonics, Global Precision Ball & Roller, Fineway, Toshiba Materials, Coorstek, and Metalball.

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Post time: Dec-13-2019
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