North America Ceramic Balls Market to 2027 - Regional Analysis and Forecasts By Material (Zirconia, Silicon, Alumina, and Others), Function (Active and Inert), and Application (Aerospace, Automotive, Chemical, and Others)
The North America ceramic balls market accounted to US$ 96.1 Mn in 2018 and is expected to grow at a CAGR of 6.0% during the forecast period 2019 - 2027, to account to US$ 170.2 Mn by 2027.
The US accounted for the largest market share in the North America ceramic balls market. The US has the largest fleet of trucks, trailers, and other heavy-duty vehicle production and sales across the region. The revival of the automotive industry, owing to pent-up demand and easy credit availability has indirectly led towards the growth of ceramic balls and bearings in the automotive industry. This is attributed to the rapid rise in the manufacturing of automotive parts. The rise in demand for automotive for varied purposes would raise the production capacity of automotive and related parts. This factors further propel the demand for ceramic balls in the US. Thus, the US accounted for the largest share in the ceramic balls market.
Get more information on this report : North America Ceramic Balls Markets
Revenue and Forecast, 2018.
Market Insights
Growing application of ceramic balls in medical industry provides opportunity for the Ceramic Balls market growth
The expansion of applications of ceramic balls is anticipated to provide a huge developing potential for the ceramic balls market in the future. The companies have realized the immense potential regarding the usage of ceramic balls in the medical industry. The companies such as CoorsTek, Inc., MetalBall, Industrial Tectonics Inc., and Toshiba Materials Co., Ltd., are few of the companies that are offering ceramic balls for medical applications. Increase in acceptance of ceramic balls in the medical industry for diagnostic & laboratory equipment and surgical & dental tools are expected to provide substantial growth opportunity to the industry players in the coming future.
High initial cost associated with the use of ceramic balls is projected to restrict market growth
Currently, ceramic balls are replacing other metal balls in several end-use applications owing to their valuable properties of superior heat & corrosion resistance, higher operating speed, and high long term performance. Owing to these properties, ceramic balls are becoming an effective alternative for other metal balls. However, the initial cost associated with the use of ceramic bearings is higher than traditional steel ball bearings. Also, their superior efficiency and long term performance validate the cost for these bearings. Also, the manufacturing of the ceramic balls is relatively expensive as compared to steel and other metal balls which may restrain the ceramic balls market growth. However, enhancement in manufacturing processes of ceramic balls in coming years may reduce the cost of ceramic balls and provide a lucrative opportunity for ceramic balls market over the forecast period.
Material Insights
The North America ceramic balls market by material has been segmented into zirconia, silicon, alumina, and others. The alumina ceramic balls market segment dominated the North America ceramic balls market. Alumina ceramic balls are also used in various industries such as enamel, glass, and chemical industry for fine machining or further processing. These balls can be used at a very high temperature and extreme conditions. It is owing to these properties they are used in applications such as chemical pumps, down-hole pumps, valves, bearings, gauges, flow meters, etc. which further boost the ceramic balls market.
Application Insights
On the basis of application, the North America ceramic balls market has been segmented into aerospace, automotive, chemical, and others. Under application segment, automotive is the leading segment in the North America ceramic balls market. The highest share in the automotive segment is mainly attributed to the high demand and production of the vehicle in this region. For instance, North America has a leverage of developed automotive market and therefore considered to be one of the largest commercial vehicle production and sales nations throughout the world. Mexico has produced a total of USD 92Bn of auto parts for the OEMs and aftermarket clientele in 2017. This factors provides a huge development opportunity for ceramic balls market players from the automotive industry.
Get more information on this report : Mexico Ceramic Balls Market by Application
Strategic Insights
Merger & acquisition and expansion were observed as the most adopted strategies in North America ceramic balls market. Few of the recent developments in the North America ceramic balls market are listed below:
2018: CoorsTek, Inc. opened a research and development (R&D) center in Uden, The Netherlands. The new R&D center is closely connected with the R&D teams of the company in Japan and the United States.
2016: CoorsTek, Inc. invested $120 million for the development of a new center for advanced materials in Colorado. The CoorsTek Center for Advanced Materials is a modern facility which combines the experience of the experts and the tools needed for innovation.
2016: Toshiba Materials Co., Ltd., and Kyocera Corporation collaborated to start the development and production of nitride ceramic components.
NORTH AMERICA CERAMIC BALLS MARKET SEGMENTATION
By Material
By Function
By Application
By Country
- US
- Canada
- Mexico
Company Profiles
- Axens
- CoorsTek, Inc.
- Fineway Inc.
- Global Precision Ball & Roller
- IIndustrie Bitossi
- Industrial Tectonics Inc.
- Micro Surface Engineering, Inc.
- Preciball SA
- Topack Ceramics Pvt. Ltd
- Toshiba Materials Co., Ltd.
1. Introduction
1.1 Scope of the Study
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
1.3.1 North America Ceramic Balls Market – By Material
1.3.2 North America Ceramic Balls Market – By Function
1.3.3 North America Ceramic Balls Market – By Application
1.3.4 North America Ceramic Balls Market – By Country
2. Key Takeaways
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. Ceramic Balls Market Landscape
4.1 Market Overview
4.2 PEST Analysis – North America
5. Ceramic Balls Market – Key Industry Dynamics
5.1 Market Drivers
5.1.1 Increase in Adoption of Ceramic Balls Over Steel Balls
5.1.2 Surge in Automotive Industry Boosts the Demand for Ceramic Balls for Bearings and Valves
5.2 Market Restraints
5.2.1 High Initial Cost Associated with the Use of Ceramic Balls
5.3 Market Opportunity
5.3.1 Remarkable spending in chemical industry to foster the market growth
5.4 Future Trends
5.4.1 Growing application in medical industry
5.5 Impact Analysis of Drivers and Restraints
6. Ceramic Balls – North America Market Analysis
6.1 North America Ceramic Balls Market Overview
6.2 North America Ceramic Balls Market Forecast and Analysis
7. North America Ceramic Balls Market Analysis – By Material
7.1 Overview
7.2 North America Ceramic Balls Market Breakdown, By Material, 2018 & 2027
7.3 Zirconia
7.3.1 Overview
7.3.2 North America Zirconia Ceramic Balls Market Revenue and Forecasts to 2027 (US$ Mn)
7.4 Silicon
7.4.1 Overview
7.4.2 North America Silicon Ceramic Balls Market Revenue and Forecasts to 2027 (US$ Mn)
7.5 Alumina
7.5.1 Overview
7.5.2 North America Alumina Ceramic Balls Market Revenue and Forecasts to 2027 (US$ Mn)
7.6 Others
7.6.1 Overview
7.6.2 North America Other Ceramic Balls Materials Market Revenue and Forecasts to 2027 (US$ Mn)
8. North America Ceramic Balls Market Analysis – By Function
8.1 Overview
8.2 North America Ceramic Balls Market Breakdown, By Function, 2018 & 2027
8.3 Active
8.3.1 Overview
8.3.2 North America Active Ceramic Balls Market Revenue and Forecasts to 2027 (US$ Mn)
8.4 Inert
8.4.1 Overview
8.4.2 North America Inert Ceramic Balls Market Revenue and Forecasts to 2027 (US$ Mn)
9. North America Ceramic Balls Market Analysis – By Application
9.1 Overview
9.2 North America Ceramic Balls Market Breakdown, By Application, 2018 & 2027
9.3 Aerospace
9.3.1 Overview
9.3.2 North America Aerospace Market Revenue and Forecasts to 2027 (US$ Mn)
9.4 Automotive
9.4.1 Overview
9.4.2 North America Automotive Market Revenue and Forecasts to 2027 (US$ Mn)
9.5 Chemical
9.5.1 Overview
9.5.2 North America Chemical Market Revenue and Forecasts to 2027 (US$ Mn)
9.6 Others
9.6.1 Overview
9.6.2 North America Others Market Revenue and Forecasts to 2027 (US$ Mn)
10. Ceramic Balls Market – Geographical Analysis
10.1 Overview
10.1.1 North America Ceramic Balls Market Breakdown, by Key Countries
10.1.1.1 US Ceramic Balls Market Revenue and Forecasts to 2027 (US$ MN)
10.1.1.1.1 US Ceramic Balls Market Breakdown by Material
10.1.1.1.2 US Ceramic Balls Market Breakdown by Function
10.1.1.1.3 US Ceramic Balls Market Breakdown by Application
10.1.1.2 Canada Ceramic Balls Market Revenue and Forecasts to 2027 (US$ MN)
10.1.1.2.1 Canada Ceramic Balls Market Breakdown by Material
10.1.1.2.2 Canada Ceramic Balls Market Breakdown by Function
10.1.1.2.3 Canada Ceramic Balls Market Breakdown by Application
10.1.1.3 Mexico Ceramic Balls Market Revenue and Forecasts to 2027 (US$ MN)
10.1.1.3.1 Mexico Ceramic Balls Market Breakdown by Material
10.1.1.3.2 Mexico Ceramic Balls Market Breakdown by Function
10.1.1.3.3 Mexico Ceramic Balls Market Breakdown by Application
11. Industry Landscape
11.1 Overview
11.2 Merger & Acquisition
11.3 Expansion and Other Strategic Development
12. Company Profiles
12.1 Axens
12.1.1 Key Facts
12.1.2 Business Description
12.1.3 Products and Services
12.1.4 Financial Overview
12.1.5 SWOT Analysis
12.2 CoorsTek Inc.
12.2.1 Key Facts
12.2.2 Business Description
12.2.3 Products and Services
12.2.4 Financial Overview
12.2.5 SWOT Analysis
12.2.6 Key Developments
12.3 Fineway Inc.
12.3.1 Key Facts
12.3.2 Business Description
12.3.3 Products and Services
12.3.4 Financial Overview
12.3.5 SWOT Analysis
12.4 Global Precision Ball & Roller
12.4.1 Key Facts
12.4.2 Business Description
12.4.3 Products and Services
12.4.4 Financial Overview
12.4.5 SWOT Analysis
12.5 Industrie Bitossi
12.5.1 Key Facts
12.5.2 Business Description
12.5.3 Products and Services
12.5.4 Financial Overview
12.5.5 SWOT Analysis
12.5.6 SWOT Analysis
12.6 Industrial Tectonics Inc
12.6.1 Key Facts
12.6.2 Business Description
12.6.3 Products and Services
12.6.4 Financial Overview
12.6.5 SWOT Analysis
12.6.6 Key Developments
12.7 Micro Surface Engineering, Inc.
12.7.1 Key Facts
12.7.2 Business Description
12.7.3 Products and Services
12.7.4 Financial Overview
12.7.5 SWOT Analysis
12.8 Preciball SA
12.8.1 Key Facts
12.8.2 Business Description
12.8.3 Products and Services
12.8.4 Financial Overview
12.8.5 SWOT Analysis
12.9 Topack Ceramics Pvt. Ltd.
12.9.1 Key Facts
12.9.2 Business Description
12.9.3 Products and Services
12.9.4 Financial Overview
12.9.5 SWOT Analysis
12.10 Toshiba Materials Co., LTD.
12.10.1 Key Facts
12.10.2 Business Description
12.10.3 Products and Services
12.10.4 Financial Overview
12.10.5 SWOT Analysis
12.10.6 Key Developments
13. Appendix
13.1 About the Insight Partners
13.2 Glossary
LIST OF TABLES
Table 1. North America Ceramic Balls Market Revenue and Forecasts to 2027 (US$ Mn)
Table 2. North America Ceramic Balls Market Revenue and Forecasts to 2027 – By Material (US$ Mn)
Table 3. North America Ceramic Balls Market Revenue and Forecasts to 2027 – By Function (US$ Mn)
Table 4. North America Ceramic Balls Market Revenue and Forecasts to 2027 – By Application (US$ Mn)
Table 5. US Ceramic Balls Market Revenue and Forecasts to 2027 – By Material (US$ Mn)
Table 6. US Ceramic Balls Market Revenue and Forecasts to 2027 – By Function (US$ Mn)
Table 7. US Ceramic Balls Market Revenue and Forecasts to 2027 – By Application (US$ Mn)
Table 8. Canada Ceramic Balls Market Revenue and Forecasts to 2027 – By Material (US$ Mn)
Table 9. Canada Ceramic Balls Market Revenue and Forecasts to 2027 – By Function (US$ Mn)
Table 10. Canada Ceramic Balls Market Revenue and Forecasts to 2027 – By Application (US$ Mn)
Table 11. Mexico Ceramic Balls Market Revenue and Forecasts to 2027 – By Material (US$ Mn)
Table 12. Mexico Ceramic Balls Market Revenue and Forecasts to 2027 – By Function (US$ Mn)
Table 13. Mexico Ceramic Balls Market Revenue and Forecasts to 2027 – By Application (US$ Mn)
Table 14. Glossary of Terms, Ceramic Balls Market
LIST OF FIGURES
Figure 1. North America Ceramic Balls Market Segmentations
Figure 2. North America Ceramic Balls Market Segmentation – By Country
Figure 3. US Ceramic Balls Market, By Revenue, 2018 & 2027, US$ Mn
Figure 4. North America Ceramic Balls Market – By Material, 2018-2027, (%)
Figure 5. North America Pest Analysis
Figure 6. Ceramic Balls Market Impact Analysis Of Driver And Restraints
Figure 7. North America Ceramic Balls Market Forecast And Analysis, (US$ Mn)
Figure 8. North America Ceramic Balls Market Breakdown by Material, 2018 & 2027 (%)
Figure 9. North America Zirconia Ceramic Balls Market Revenue And Forecasts To 2027 (US$ Mn)
Figure 10. North America Silicon Ceramic Balls Market Revenue And Forecasts To 2027 (US$ Mn)
Figure 11. North America Alumina Ceramic Balls Market Revenue And Forecasts To 2027 (US$ Mn)
Figure 12. North America Other Ceramic Balls Market Revenue And Forecasts To 2027 (US$ Mn)
Figure 13. North America Ceramic Balls Market Breakdown by Function, 2018 & 2027 (%)
Figure 14. North America Active Ceramic Balls Market Revenue And Forecasts To 2027 (US$ Mn)
Figure 15. North America Inert Ceramic Balls Market Revenue And Forecasts To 2027 (US$ Mn)
Figure 16. North America Ceramic Balls Market Breakdown by Application, 2018 & 2027 (%)
Figure 17. North America Aerospace Market Revenue And Forecasts To 2027 (US$ Mn)
Figure 18. North America Automotive Market Revenue And Forecasts To 2027 (US$ Mn)
Figure 19. North America Chemical Market Revenue And Forecasts To 2027 (US$ Mn)
Figure 20. North America Other Applications Market Revenue And Forecasts To 2027 (US$ Mn)
Figure 21. North America Ceramic Balls Market Breakdown By Key Countries, 2018 & 2027(%)
Figure 22. US Ceramic Balls Market Revenue And Forecasts To 2027 (US$ Mn)
Figure 23. Canada Ceramic Balls Market Revenue And Forecasts To 2027 (US$ Mn)
Figure 24. Mexico Ceramic Balls Market Revenue And Forecasts To 2027 (US$ Mn)
Figure 25. Ceramic Balls Market, Industry Landscape (2015-2018) (%)
The List of Companies
- Axens
- CoorsTek, Inc.
- Fineway Inc.
- Global Precision Ball & Roller
- IIndustrie Bitossi
- Industrial Tectonics Inc.
- Micro Surface Engineering, Inc.
- Preciball SA
- Topack Ceramics Pvt. Ltd
- Toshiba Materials Co., Ltd.
- Highlights key business priorities in order to assist companies to realign their business strategies.
- The key findings and recommendations highlight crucial progressive industry trends in the North America Ceramic Balls Market, thereby allowing players to develop effective long term strategies.
- Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.
- Scrutinize in-depth the market trends and outlook coupled with the factors driving the market, as well as those hindering it.
- Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to products, segmentation and industry verticals.