Global Ceramic Balls Market - Size, Projections, Drivers, Trends, Vendors, and Analysis Through 2021 by Technavio
The global
ceramic balls market is projected to grow to around 520
thousand metric tons by 2021, at a CAGR of close to 6% over the forecast
period, according to Technavio’s latest report.
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Technavio has published a new report on the global ceramic balls market from 2017-2021. (Graphic: Business Wire)
In this report, Technavio
covers the market outlook and growth prospects of the global
ceramic balls market for 2017-2021. Based on the end-users, the
market is divided into oil and gas, petrochemical, and process industry
segments.
The most popular grade of ceramic balls is 25% aluminum oxide
(Al₂O₃), as they are hard, durable, abrasion resistant, and can
withstand high pressure and high temperature. They are used in various
applications in the petrochemical, oil and gas, metallurgical, chemical,
and process industries.
Technavio’s research study segments the global ceramic balls market into
the following regions:
Ceramic balls market in APAC
“APAC is both the largest and fastest growing segment of the
ceramic balls market, driven by the increasing industrialization and
manufacturing activities in the region. China, India, and Japan are the
key contributors to the growth of ceramic balls market in the region,”
says Ajay Adikari, a lead analyst at Technavio for glass
and ceramics research.
The increasing demand for ceramic balls from its end-user industries
such as oil and gas, petrochemical, and process industries are expected
to drive the ceramic balls market in the region. Also, the healthy
economic development, along with the considerable growth in building and
construction activities, is likely to support the market growth for
ceramic balls in the region.
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Ceramic balls market in EMEA
In 2016, EMEA was the second largest geographical segment in the global
ceramic balls market and is expected to witness a considerable growth
over the forecast period. End-users such as the petrochemical and oil
and gas industries are creating higher demand for ceramic balls in the
region. The growing energy sector in the region is also expected to
contribute to the growth of ceramic balls market in the near future.
Additionally, the rising population and increasing urbanization in the
Middle East and Africa are key driving factors for the ceramic balls
market.
Ceramic balls market in the Americas
“The ceramic balls market in the Americas is projected to showcase
a CAGR of nearly 5%, driven by the substantial growth in the
petrochemical and process industries in the region. The US, Canada,
Mexico, Brazil, Peru, and Chile are the key countries for the ceramic
balls market in the Americas,” says Ajay.
The US is one of the global players in the oil and gas industry due to
the presence of large crude oil reserves in the country. Advancements in
technology and production levels of oil and gas have encouraged the
demand for ceramic balls in the region. Also, the increase in the shale
gas production in the region is expected to boost the ceramic balls
market during the forecast period.
The top vendors in the global ceramic balls market highlighted in the
report are:
-
Axens
-
Honeywell International
-
Pingxiang Funeng Chemical Industry
-
Saint-Gobain
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