A detailed study on Ceramic Ball Market has been conducted to understand its landscape in 2023.

A detailed study on Ceramic Ball Market has been conducted to understand its landscape in 2023.

Survey period: February 13-20, 2023
Survey company: SDKI Inc.
Survey population: We surveyed 545 market participants of all sizes. Number of valid answers: 545
Survey method: 230 field surveys, 315 Internet surveys
Survey Respondents: The survey was conducted among companies based on revenue Q: What are ceramic balls? What is the size of the ceramic balls market and what is the projected growth rate to 2035?
Ceramic balls are spherical rolling elements that require less lubrication than steel balls. Ceramic balls are very durable, wear-resistant and unaffected by the furnace atmosphere. They are widely used as grinding agents in many different industries, including metallurgy, mining, cement, etc. The ceramic ball market is expected to garner around US$666 million in 2022 and grow at a CAGR of around 10% during the forecast period. Moreover, the global ceramic ball market is expected to reach approximately USD 1500 million by 2035. Question: What are the factors driving the growth of the ceramic balls market? Increasing automotive and aerospace industries are the main factors leading to the growth of the ceramic balls market. For example, by 2030, the Indian aerospace and defense (A&D) market is projected to exceed US$65 billion. Most security breaches have highly devastating consequences for a company’s reputation and financial stability. Ceramic balls are used in various industrial applications such as the automotive and aerospace industries. They are renowned for their superior mechanical qualities and are ideal for use in hostile environments. These qualities include high hardness, wear resistance, and corrosion resistance. The ceramic ball market is driven by the growing need for advanced materials with higher performance in industrial applications.
Growing demand for miniaturization
Increasing advances in ceramic manufacturing technology
Increasing environmental regulations
[Image 1: https://prtimes.jp/i/72515/2501/resize/d72515-2501-b8b65187c7ac9d695dbf-0.png&s3=72515-2501-9c5434942ef4d71e356feb29b635c9e1-1280×720.png] Question: How is the ceramic ball market segmented?
The ceramic balls market can be segmented by material, function, application, and end user. These categories are further branched as follows:

By material


By function


by application


By end user

other services

Based on end users, the automotive segment is expected to hold a large share of market revenue at the end of the forecast period. This segment is expected to grow at a rate of up to 27% until 2035. The main reason behind this growth is the increasing demand for
automobiles in recent years. By 2022, the U.S. automotive sector is expected to sell more than 13 million passenger cars and light trucks. In addition, ceramic balls are lighter in weight compared to standard steel balls, which helps the automotive and aerospace sectors in their weight reduction efforts. The use of lightweight materials, such as ceramic balls, helps manufacturers meet stringent laws and
requirements as fuel efficiency and emissions reductions become more of a concern.
[Image 2: https://prtimes.jp/i/72515/2501/resize/d72515-2501-39aee1e963dd71f53649-1.png&s3=72515-2501-2244017202251e5e6e8cdb203ba8a914-1280×720.png] Question: What are the challenges limiting the growth of the ceramic ball market?
High production cost is expected to be one of the factors hindering the market growth of ceramic balls. Surface treatments for ceramic parts used in high contact stress applications are estimated to account for over 40% of total manufacturing costs.
Other factors limiting the growth of the ceramic balls market are: Irregular raw material costs
strict regulatory environment

Question: Who are the companies leading the ceramic ball market? What are the recent market trends regarding these companies?
The companies leading the ceramic balls market are:
Honeywell International Inc.
Axens, Ltd.
SK geocentric Co. Ltd.
Total Energies
GS Caltex India
Toshiba Materials Co. Ltd.
Marathon petroleum
Devson Catalyst

Mentioned below are some of the recent developments in the ceramic ball market. In March 2021, GLOBAL PRECISION BALL AND ROLLER announced the establishment of a storage facility in Houston to more effectively meet the growing demand for its products.
In July 2022, Toshiba Materials Co. Ltd. announced a significant investment in a new silicon nitride ball manufacturing facility co-located with its headquarters to meet growing demand.

Q: Why is the Asia-Pacific region expected to offer the most lucrative opportunity in the ceramic ball market? What are the trends in the Japanese ceramic ball market?
Asia-Pacific is expected to offer the most lucrative opportunity for ceramic balls as it should grow at the fastest rate during the forecast period. By 2030, the market in the Asia-Pacific region is expected to grow at a CAGR of around 24%. Rising demand for electric vehicles is the main reason for the growth of this regional market. For example, India is estimated to have reported sales of over 270,000 electric two-wheelers in 2022.
The demand for ceramic balls in Japan should also increase due to the increasing demand for renewable energy. To reduce its dependence on fossil fuels and alleviate environmental problems, Japan has focused on renewable energy sources such as solar and wind. Ceramic balls are utilized in solar panels, wind turbine bearings, and other renewable energy applications due to their superior mechanical qualities and ability to perform in demanding conditions. The growing demand for ceramic balls is partly due to the expansion of Japan’s renewable energy industry. By 2030, Japan hopes to get more than 36% of its energy from renewable sources. In addition, there is also a growing automotive industry in the region. This is believed to contribute to the market growth of ceramic balls in the Asia-Pacific region as the digital infrastructure develops.
Question: Which other region is expected to hold a significant market share or show significant growth in the ceramic balls market by 2035? Europe region is another region expected to account for the majority of global market revenue during the forecast period This region held a revenue share of around 20% of the market in 2020. The presence of Germany and growing demand for lightweight aerospace components in the region are expected to benefit the market growth. Additionally, the growing automotive manufacturing sector in the region is anticipated to create opportunities for ceramic ball market growth. By 2022, over 1 million commercial vehicles will be registered in the EU.
North America is another region that is expected to see significant growth in the market for ceramic balls. The ceramic ball market in the North America region is expected to show growth of around 25% during the forecast period. The growing medical sector in this region is estimated to drive the market growth. By 2020, it is estimated that US healthcare spending will increase by more than 9%, totaling over US$4 trillion per person.
[Image 3: https://prtimes.jp/i/72515/2501/resize/d72515-2501-fb407218c037724ea88a-2.png&s3=72515-2501-4504d813f988da5e538ed665f05e67a4-1280×720.png] About us:
SKI’s goal is to provide authoritative, in-depth research and insights. We not only focus on researching and providing detailed reports on growth indicators, challenges, trends, and the competitive landscape, but also work with our clients to develop business strategies for maximum growth and success. Achieve total
transformation. Our expertise is the result of years of working with companies of all sizes in various market sectors.

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