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Zirconia Ceramic Balls Market - Forecast(2023 - 2028)
Zirconia Ceramic Balls Market Overview
The Zirconia Ceramic Balls
Market size is projected to grow at a CAGR of 6.4% during the forecast period 2022-2027 and reach US$96.4 million by 2027. Zirconia ceramic balls (also
known as zirconium balls) are primarily composed of polycrystalline
ceramics and stabilized using yttrium oxide. They are used in multiple
industries including automotive, aerospace, marine and other industries. The
expansion of the zirconia ceramic balls market is primarily driven by their usage
in the automotive industry. In 2020, the surge in the COVID-19 pandemic
negatively impacted automotive production activities, which temporarily
affected the growth of the zirconia ceramic balls industry. However, a steady
recovery in automotive production activities has been witnessed since 2021,
which in turn, is driving the demand for zirconia ceramic balls. An increase in
automotive production along with the growth in the aerospace industry is
expected to drive the growth of the Zirconia Ceramic Balls market size in the
upcoming years. However, the availability of substitutes may
confine the market growth.
Zirconia
Ceramic Balls Market Report Coverage
The report: "Zirconia Ceramic Balls Market Report – Forecast (2022-2027)” by IndustryARC,
covers an in-depth analysis of the following segments in the Zirconia Ceramic Balls Market.
By Type: Less than 10mm,
10mm - 25mm, 26mm – 50mm and More than 50mm.
By Application:
Bearings,
Pumps and Valves, Flow Meters, Measurement Instruments, Check Valves, Grinding
and Milling, Toners, Inks & Dyes and others.
By End-use
Industry: Automotive (Passenger Cars, Light Commercial Vehicle and Heavy Commercial
Vehicles), Electrical & Electronics (Semiconductor, Appliances and Others), Aerospace
(Commercial, Militar and Others), Marine (Passenger Ships & Cruises and Heavy
Load Carriers), Medical, Textile, Food Industry, Paints & Coating and Others.
By Geography: North
America (the USA, Canada and Mexico), Europe (the UK, Germany, France, Italy, the Netherlands, Spain, Denmark, Belgium and the Rest of Europe), Asia-pacific (China,
Japan, India, South Korea, Australia and New Zealand, Indonesia, Taiwan,
Malaysia and the Rest of APAC), South America (Brazil, Argentina, Colombia, Chile
and the Rest of South America) and the Rest of the World [Middle East (Saudi Arabia, the UAE,
Israel and the Rest of Middle East) and Africa (South Africa, Nigeria and the Rest of
Africa)].
Key Takeaways
- More than 50mm segment held a significant share in the Zirconia Ceramic Balls Market in 2021. Its wide range of characteristics and good chemical resistance made it stand out in comparison to other types of Zirconia Ceramic Balls in the market.
- Automotive industry held the largest share in the Zirconia Ceramic Balls Market in 2021,
owing to the increasing demand for Zirconia Ceramic Balls from the automotive sector
across the world.
- Asia-pacific dominated the Zirconia Ceramic Balls Market in 2021, owing to its increasing demand from the automotive sector in the region. Recent insights from the International Organization of Motor Vehicle Manufacturers (OICA) state that the total automobile production in 2021 in Asia-pacific increased by 28% in comparison to 2020.
- A detailed analysis of strengths, weaknesses, opportunities and threats would be provided in the Zirconia Ceramic Balls Market Report.
Zirconia Ceramic Balls Market Revenue Share, by Geography, 2021 (%)
For more details on this report - Request for Sample
Zirconia Ceramic Balls Market Segment Analysis – By Type
More than 50mm
segment held a significant Zirconia Ceramic Balls Market share of over 20% in
2021, owing to a
range of characteristics and benefits they offer over other types of zirconia
ceramic balls. For instance, zirconia ceramic balls ranging more than 50mm
offers higher strength, superior wear resistance and better durability in
comparison to other types of zirconia ceramic balls. Moreover, it offers higher
load capacity along with excellent resistance to temperature and stress. Furthermore,
zirconia ceramic balls ranging more than 50mm also offer higher shelf-life and
excellent abrasion & corrosion resistance. Hence,
all of these properties are driving its demand over other types of Zirconia Ceramic Balls, thus, driving the market growth during the
forecast period.
Zirconia Ceramic Balls Market Segment Analysis – By End-use Industry
The automotive
industry held the largest Zirconia Ceramic Balls Market share of over 25% in
2021, owing to the increasing automobile production across the world. According to the International Organization of Motor Vehicle
Manufacturers (OICA), the total production of passenger cars in South America,
Asia-pacific and Africa increased by 11%, 7% and 8% respectively in 2021 as compared
to 2020. Zirconia ceramic balls (also known as zirconium
balls), composed of polycrystalline ceramics and stabilized using yttrium oxide, are primarily used in automotive pumps and valves, bearings and other automobile
components. Thus, such surging production from the automotive industry is
expected to increase the demand for zirconia ceramic
balls. This
is expected to expand the Zirconia Ceramic Balls market size
during the forecast period.
Zirconia Ceramic Balls Market Segment Analysis – By Geography
Asia-pacific held a dominant Zirconia Ceramic Balls Market share of over 46% in the year 2021. The consumption of zirconia ceramic balls is particularly high in this region due to its increasing demand from the automotive sector in the region. Recent insights published by the OICA (International Organization of Motor Vehicle Manufacturers) during the fourth quarter of 2020 reveal that around 25 million, 3.5 million, 8 million and 3.4 million units of vehicles were produced in China, South Korea, Japan and India, respectively, which in turn, contributed to approximately 50% of the global automobile production during 2020. In this way, such an increase in automobile production in multiple countries across the region is expected to increase the demand for zirconia ceramic balls for use in automotive pumps, bearings and other automobile components. This is anticipated to propel the growth of the market during the forecast period.
Zirconia Ceramic Balls Market Drivers
An increase in automotive production
The
properties of Zirconia Ceramic Balls such as high strength, durability, wear resistance,
high load capacity and resistance to temperature, stress, abrasion and
corrosion make them ideal for use in various automotive applications including automotive
pumps & valves, bearings and more. According to a recent study published
by the German Association of Automotive Industry during the fourth quarter of
2020, the new registration of motor vehicles reached up to 16,763 units in
Europe, 37,467 units in Asia, 3080 units in South America, 17,421 units in
North America, 12,733 units in Western Europe and 5180 units in other regions
worldwide. Hence, an increase in global automotive production is expected to
increase the demand for zirconia ceramic balls for use in various automobile
components. This is expected to drive market growth in the upcoming years.
Growth in the aerospace industry
Zirconia Ceramic Balls (also known as zirconium balls), composed of polycrystalline ceramics and
stabilized using yttrium oxide, are commonly used in aerospace bearings utilized
in the airframes, gyroscopes, flow meters, navigation systems, avionic
instruments and other components of the aircraft. For instance, according to the Federal
Aviation Administration (FAA), the total production of commercial aircraft fleet
is estimated to reach up to 8,270 by the end of 2037, owing to the growth of
air cargo activities. Moreover, the Indian Air Force (IAF) announced its plans
to deliver 73 Tejas Mark-1A fighter jets which are scheduled to be delivered
during the period 2024-2028. Hence, such surging growth of the
aerospace industry is expected to increase the demand for Zirconia Ceramic Balls. This is expected to accelerate market growth in the upcoming years.
Zirconia Ceramic Balls Market Challenge
Availability of substitutes:
Zirconia Ceramic Balls have several substitutes such as silicon ceramic balls and alumina ceramic balls available in the market. These substitutes have similar physical properties, performance and other similar factors such as strength, durability, temperature & corrosion resistance and more. These factors may restrict the growth of the zirconia ceramic balls market. For instance, alumina ceramic balls are widely used as a substitute for zirconia ceramic balls in major end-users such as automotive and aerospace, owing to their range of benefits. Moreover, alumina ceramic balls are less toxic, lightweight and relatively cheaper in comparison to zirconia ceramic balls. The average price of alumina ceramic balls costs around US$1.57/kg while the average price of zirconia ceramic balls costs around US$26.1/kg. Thus, the availability of such cheaper alternatives with similar properties may limit the growth of the Zirconia Ceramic Balls industry during the forecast period.
Zirconia Ceramic Balls Industry Outlook
Technology launches, acquisitions and increased R&D activities are
key strategies adopted by players in the Zirconia
Ceramic Balls Industry. The top 10 companies in the Zirconia Ceramic Balls industry are:
- Axens
- Honeywell International
- Saint-Gobain
- Industrial Tectonics Inc.
- Global Precision Ball & Roller
- Fineway Inc.
- Toshiba Materials Co. Ltd.
- Coorstek Inc.
- Metalball
- Jinsheng Ceramic
Recent Development
- In August 2019, LM76 launched its new line of radial ball bearings including zirconia ceramic balls. The newly launched products are available in a range of sizes and have a working temperature range of -80 to 400°C. It is primarily designed for use in aerospace, marine, medical and other applications.