Zirconia Ceramic Balls Market - Forecast(2023 - 2028)

Report Code: CMR 12349 Report Format: PDF + Excel

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 (%)

Zirconia Ceramic Balls Market

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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:

  1. Axens
  2. Honeywell International
  3. Saint-Gobain
  4. Industrial Tectonics Inc.
  5. Global Precision Ball & Roller
  6. Fineway Inc.
  7. Toshiba Materials Co. Ltd.
  8. Coorstek Inc.
  9. Metalball
  10. 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.

Relevant Reports

Report Code: AIR 0275

Report Code: CMR 70992

Report Code: AM 49198 

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1. Zirconia Ceramic Balls Market - Market Overview
    1.1 Definitions and Scope
2. Zirconia Ceramic Balls Market - Executive Summary
    2.1 Key Trends by Type
    2.2 Key Trends by Application
    2.3 Key Trends by End-use Industry
    2.4 Key Trends by Geography
3. Zirconia Ceramic Balls Market – Comparative analysis
    3.1 Market Share Analysis - Major Companies
    3.2 Product Benchmarking - Major Companies
    3.3 Top 5 Financials Analysis
    3.4 Patent Analysis - Major Companies
    3.5 Pricing Analysis (ASPs will be provided)
4. Zirconia Ceramic Balls Market - Startup companies Scenario Premium Premium
    4.1 Major startup company analysis:
        4.1.1 Investment
        4.1.2 Revenue
        4.1.3 Product portfolio
        4.1.4 Venture Capital and Funding Scenario
5. Zirconia Ceramic Balls Market – Industry Market Entry Scenario Premium Premium
    5.1 Regulatory Framework Overview
    5.2 New Business and Ease of Doing Business Index
    5.3 Successful Venture Profiles
    5.4 Customer Analysis – Major companies
6. Zirconia Ceramic Balls Market - Market Forces
    6.1 Market Drivers
    6.2 Market Constraints
    6.3 Porter's Five Force Model
        6.3.1 Bargaining Power of Suppliers
        6.3.2 Bargaining Powers of Buyers
        6.3.3 Threat of New Entrants
        6.3.4 Competitive Rivalry
        6.3.5 Threat of Substitutes
7. Zirconia Ceramic Balls Market – Strategic Analysis
    7.1 Value/Supply Chain Analysis
    7.2 Opportunity Analysis
    7.3 Product/Market Life Cycle
    7.4 Distributor Analysis – Major Companies
8. Zirconia Ceramic Balls Market – by Type (Market Size - US$ Million/Billion)
    8.1 Less than 10mm
    8.2 10mm - 25mm
    8.3 26mm – 50mm
    8.4 More than 50mm
9. Zirconia Ceramic Balls Market – by Application (Market Size - US$ Million/Billion)
    9.1 Bearings, Pumps and Valves
    9.2 Flow Meters
    9.3 Measurement Instruments
    9.4 Check Valves
    9.5 Grinding And Milling
    9.6 Toners
    9.7 Inks & Dyes
    9.8 Others
10. Zirconia Ceramic Balls Market – by End-use Industry (Market Size - US$ Million/Billion)
    10.1 Automotive
        10.1.1 Passenger Car
        10.1.2 Light Commercial Vehicle
        10.1.3 Heavy Commercial Vehicles
    10.2 Electrical & Electronics
        10.2.1 Semiconductor
        10.2.2 Appliances
        10.2.3 Others
    10.3 Aerospace
        10.3.1 Commercial
        10.3.2 Military
        10.3.3 Others
    10.4 Marine
        10.4.1 Passenger Ships & Cruises
        10.4.2 Heavy Load Carriers
    10.5 Medical
    10.6 Food Industry
    10.7 Textile
    10.8 Paints & Coating
    10.9 Others
11. Zirconia Ceramic Balls Market - by Geography (Market Size - US$ Million/Billion)
    11.1 North America
        11.1.1 The USA
        11.1.2 Canada
        11.1.3 Mexico
    11.2 Europe
        11.2.1 The UK
        11.2.2 Germany
        11.2.3 France
        11.2.4 Italy
        11.2.5 The Netherlands
        11.2.6 Spain
        11.2.7 Denmark
        11.2.8 Belgium
        11.2.9 The Rest of Europe
    11.3 Asia-pacific
        11.3.1 China
        11.3.2 Japan
        11.3.3 India
        11.3.4 South Korea
        11.3.5 Australia and New Zealand
        11.3.6 Indonesia
        11.3.7 Taiwan
        11.3.8 Malaysia
        11.3.9 The Rest of APAC
    11.4 South America
        11.4.1 Brazil
        11.4.2 Argentina
        11.4.3 Colombia
        11.4.4 Chile
        11.4.5 The Rest of South America
    11.5 The Rest of the World
        11.5.1 The Middle East
            11.5.1.1 Saudi Arabia
            11.5.1.2 The UAE
            11.5.1.3 Israel
            11.5.1.4 The Rest of the Middle East
        11.5.2 Africa
            11.5.2.1 South Africa
            11.5.2.2 Nigeria
            11.5.2.3 The Rest of Africa
12. Zirconia Ceramic Balls Market – Entropy
    12.1 New Product Launches
    12.2 M&As, Collaborations, JVs and Partnerships
13. Zirconia Ceramic Balls Market – Industry/Segment Competition Landscape Premium
    13.1 Company Benchmarking Matrix – Major Companies
    13.2 Market Share at Global Level - Major companies
    13.3 Market Share by Key Geography - Major companies
    13.4 Market Share at Country Level - Major companies
    13.5 Market Share by Key Crop Type/Product category - Major companies
14. Zirconia Ceramic Balls Market – Key Company List by Country Premium Premium
15. Zirconia Ceramic Balls Market Company Analysis - Business Overview, Product Portfolio, Financials and Developments
    15.1 Company 1
    15.2 Company 2
    15.3 Company 3
    15.4 Company 4
    15.5 Company 5
    15.6 Company 6
    15.7 Company 7
    15.8 Company 8
    15.9 Company 9
    15.10 Company 10

* "Financials would be provided to private companies on best-efforts basis."
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