Ceramic-Balls Market Expanding

By on August 29, 2018 in IN THE NEWS, MATERIAL MATTERS

According to MarketsandMarkets, the ceramic-balls market will grow from $433.0 million in 2018 to $636.3 million by 2023, at a CAGR of 8.0 percent between 2018 and 2023. The increasing use of heat- and corrosion-resistant materials in the automotive end-use industry is one of the significant driving factors.

Silicon-based ceramic balls provide superior properties, such as excellent high-temperature resistance corrosion and wear resistance, which have increased their importance in the automotive industry. The properties offered by these ceramic balls are better than their substitutes, such as metals and alloys. This factor is projected to drive the silicon-based ceramic balls market during the forecast period.

Ceramic balls are lightweight, resistant to corrosion and heat, and durable. These properties make them one of the preferred products for the automotive end-use industry. The industry is focused on finding materials for reducing vehicle weight and increasing efficiency. This has led to using ceramic balls as check balls, turbochargers, bearings, engine components, gauges and other automotive parts. The using more ceramic balls is expected to be a major factor driving the market between 2018 and 2023.

Asia-Pacific (APAC) is estimated to be the largest market for ceramic balls in 2018. The growth of the APAC market can be attributed to the expansion of the automotive industries. The growth is also attributed to the presence of well-established automotive manufacturers in this region.

Key players operating in the global ceramic balls market include Saint-Gobain (France), Honeywell International (U.S.), Axens (France), Toshiba Materials Co., Ltd. (Japan), Coorstek Inc. (U.S.), Fineway Inc. (Canada), Industrial Tectonics Inc. (U.S.), Metalball (France), Global Precision Ball & Roller (U.S.), Devson Catalyst Private Limited (India) and Topack Ceramics Pvt. Ltd. (India).