Selbyville, Delaware, July 01, 2024 (GLOBE NEWSWIRE) -- Ceramic Balls Market will reach USD 844.1 million by 2032, as per a recent study by Global Market Insights Inc.
Ceramic balls are broadly used in diverse industrial usages such as chemical processing, automotive, medical equipment, and aerospace because of their desirable attributes such as low density and corrosion resistance. The rising demand, particularly in developing nations, thrust the ceramic balls market growth.
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Ceramic balls are used in numerous components of power generation and energy equipment, such as bearings, valves, and pumps, owing to their high temperature resistance and wear characteristics. With the booming demand for energy globally and the escalating focus on renewable energy sources, the growth of the energy and power generation industry boosts the ceramic ball demand. For instance, in April 2024, Saint Gobain acquired Bailey Group. With this purchase, Saint-Gobain strengthens its offer of ecologically friendly construction in Canada.
Silicon Ceramic Balls to gain popularity
The ceramic balls market share from the silicon segment will expand notably over 2024-2032 due to the essential role of silicon ceramic balls in semiconductor production. Ceramic balls are applied in the manufacturing of silicon wafers, where accuracy, cleanliness, and high-temperature resistance are most vital. As the semiconductor industry sees rapid growth directed by evolving technologies such as AI, 5G, and the Internet of Things (IoT), the demand for silicon wafers is proliferating. This has escalated the demand for high-quality ceramic balls in the production procedure to assure consistent performance, reliability, and efficacy in semiconductor production, increasing the ceramic balls demand in the silicon sector.
Inert Ceramic Balls Take the Lead
Ceramic balls are gaining traction in the inert segment owing to their distinct combination of attributes that make them perfect for diverse applications. In environments where high-temperature resistance, chemical inertness, and corrosion resistance are pivotal, ceramic balls surpass conventional materials such as steel or plastic. The pharmaceuticals, food processing, and chemical processing industries rely on ceramic balls for their non-reactive nature, warranting the purity and integrity of the procedures. In critical applications such as catalyst support and chromatography, ceramic balls have excellent stability and consistency, aiding the ramping up preference for ceramic-based solutions in the inert segment.
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Asia Pacific Emerges as the Market Leader
Asia Pacific ceramic balls market witness robust growth because of several key factors. The rapid industrialization and urbanization in emerging nations like China, India, and Southeast Asian economies usher the demand for advanced materials across sectors such as automotive, electronics, and manufacturing. Ceramic balls, with their superior properties like high-temperature resistance, corrosion resistance, and durability, are increasingly preferred over conventional materials in these industries. The evolving automotive sector in the Asia Pacific, associated with the region's focus on energy efficacy and sustainability, prompts the adoption of ceramic balls in bearings, engine components, and valves. Developments in ceramic production technologies and the availability of raw materials propel the growth of the ceramic ball market in the Asia Pacific.
Ceramic Balls Market Players
Major players in the ceramic balls industry include Honeywell International, Axens, Saint-Gobain, Toshiba Materials Co. Ltd., Scream Ceramics, CoorsTek Inc., Industrial Tectonics Inc., MetalBall, and others.
Leading ceramic ball vendors are enhancing their competitive position by implementing aggressive strategies. Investment in research and development leads to technological improvement, product expansion, and market presence. Partnerships and acquisitions increase capacity and globalization, meeting the needs of diverse customers. Innovations that combine AI and data analytics reinforce market leadership, delivering customized solutions.
Active engagement with customers ensures alignment with evolving needs, with training and service offerings facilitating seamless integration. Addressing affordability and compatibility issues remains critical to accelerate market adoption. These strategies focusing on customer satisfaction and technological innovation strengthen the position of ceramic ball manufacturers in the market.
In July 2023, Toshiba Materials revealed plans to invest around Y7 billion in building a second silicon nitride ball production facility in Japan, set to begin operations in 2026. Once fully operational, the new Oita facility is anticipated to increase nitride ball production capacity by 2.5 times compared to 2022 levels.
About Global Market Insights
Global Market Insights Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider, offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy, and biotechnology.
