Leading Players and their Key Strategies in the Ceramic Balls Market
Ceramic balls are spherical rolling elements that provide higher stiffness, and have lightweight, low thermal expansion, and high corrosion resistance properties. These balls are made using various ceramic materials, such as alumina, silicon, and zirconia. They are used in the end-use industries such as automotive, chemical, and aerospace. The market size of ceramic balls is projected to reach USD 636.3 million by 2023, at a CAGR of 8.0% between 2018 and 2023.
Key players operating in the ceramic balls market offer high-grade ceramic balls and focus on adopting inorganic and organic growth strategies to strengthen their market positions. These companies have adopted partnerships, expansions, acquisitions, and new product developments as the key growth strategies between 2013 and 2018 to strengthen their foothold in the ceramic balls market.
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Major players operating in the ceramic balls market include Axens (France), Honeywell International (US), Saint-Gobain (France), Industrial Tectonics Inc. (US), Global Precision Ball & Roller (US), Fineway Inc. (Canada), Toshiba Materials Co. Ltd. (Japan), Coorstek Inc. (US), Metalball (France), and Devson Catalyst Private Limited (India). These companies have a strong presence in the market and are undertaking initiatives to improve their business strategies and product portfolios.
Industrial Tectonics Inc. has a strong product portfolio, including a variety of spherical and precision balls for the medical, industrial, automotive, aerospace, and other end-use industries. It provides a wide range of customizable products to meet customer requirements and caters to the niche applications of the nuclear and medical industries. As a part of its growth strategy, the company is mainly focused on the expansion strategy. For instance, in November 2015, Industrial Tectonics announced its new facility in Japan to meet the increasing demand for ceramic balls.
Fineway Inc. is also one of the major players in the ceramic balls market. In June 2013, the company expanded its presence by opening offices in Canada. The expansion helped it develop new products according to changing needs of customers. The company is also focused on marketing and R&D to increase its sales in the desired region.
Related Reports:
Ceramic Balls Market by Function (Inert, and Active) Material (Silicon, Alumina, Zirconia), Application (Bearing, Grinding, valve), End-Use Industry (Automotive, Chemical, Aerospace), and Region - Global Forecast to 2023
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