Global Ceramic Balls Market to Reach $718 Million by 2027
Amid the COVID-19 crisis, the global market for Ceramic Balls estimated at US$453.6 Million in the year 2020, is projected to reach a revised size of US$718 Million by 2027, growing at a CAGR of 6.8% over the analysis period 2020-2027. Silicon, one of the segments analyzed in the report, is projected to record a 7.5% CAGR and reach US$260.6 Million by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Alumina segment is readjusted to a revised 6.7% CAGR for the next 7-year period.
The U.S. Market is Estimated at $122.7 Million, While China is Forecast to Grow at 10.3% CAGR
The Ceramic Balls market in the U.S. is estimated at US$122.7 Million in the year 2020. China, the world's second largest economy, is forecast to reach a projected market size of US$157.5 Million by the year 2027 trailing a CAGR of 10.4% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 3.7% and 6.1% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 4.3% CAGR.
Zirconia Segment to Record 6.2% CAGR
In the global Zirconia segment, USA, Canada, Japan, China and Europe will drive the 5.7% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$67.7 Million in the year 2020 will reach a projected size of US$99.5 Million by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$97.8 Million by the year 2027, while Latin America will expand at a 7.4% CAGR through the analysis period.
Select Competitors (Total 42 Featured):
Amid the COVID-19 crisis, the global market for Ceramic Balls estimated at US$453.6 Million in the year 2020, is projected to reach a revised size of US$718 Million by 2027, growing at a CAGR of 6.8% over the analysis period 2020-2027. Silicon, one of the segments analyzed in the report, is projected to record a 7.5% CAGR and reach US$260.6 Million by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Alumina segment is readjusted to a revised 6.7% CAGR for the next 7-year period.
The U.S. Market is Estimated at $122.7 Million, While China is Forecast to Grow at 10.3% CAGR
The Ceramic Balls market in the U.S. is estimated at US$122.7 Million in the year 2020. China, the world's second largest economy, is forecast to reach a projected market size of US$157.5 Million by the year 2027 trailing a CAGR of 10.4% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 3.7% and 6.1% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 4.3% CAGR.
Zirconia Segment to Record 6.2% CAGR
In the global Zirconia segment, USA, Canada, Japan, China and Europe will drive the 5.7% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$67.7 Million in the year 2020 will reach a projected size of US$99.5 Million by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$97.8 Million by the year 2027, while Latin America will expand at a 7.4% CAGR through the analysis period.
Select Competitors (Total 42 Featured):
- Axens SA
- Carter Manufacturing Ltd.
- CoorsTek, Inc.
- Devson Catalyst Pvt. Ltd.
- Fineway Inc.
- Global Precision Ball Roller
- Guangzhou Chemxin Environmental Material Co., Ltd.
- Honeywell International, Inc.
- Industrial Tectonics Inc.
- Industrie Bitossi S.P.A.
- Metalball
- Ningbo Tianyi Chemical Industrial (Tci) Co., Ltd.
- Pingxiang XINGFENG Chemical Packing Co., Ltd.
- Saint-Gobain
- Topack Ceramics Pvt. Ltd.
- Toshiba Materials Co., Ltd.
- Vereinigte Fullkorper-Fabriken GmbH & Co. KG
- Xi'an Lvneng Purification Technology Limited
- Zibo Sinoshine Industrial Ceramic Co., Ltd.
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I. METHODOLOGY
II. EXECUTIVE SUMMARY
III. MARKET ANALYSIS
IV. COMPETITION
II. EXECUTIVE SUMMARY
- Influencer Market Insights
- World Market Trajectories
- A Prelude to Ceramic Balls
- Ceramic Balls Market to Witness Rapid Growth
- Superior Benefits of Ceramic Balls over Steel Balls Propel Market Demand
- Bearings- A Key Application of Ceramic Balls
- Silicon-based Ceramic Balls to Exhibit the Fastest Growth
- Other Applications
- Impact of Covid-19 and a Looming Global Recession
- Strong Demand from Automotive Industry Spurs Market Expansion
- Chemical Industry: STable Growth Outlook Augurs Well for Ceramic Balls Market
- Competition
III. MARKET ANALYSIS
IV. COMPETITION
- Total Companies Profiled: 42
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