Rising Demand For Product Development And Product Modification Combined With Growing Demand Of 3D Printing In Aerospace And Healthcare Are The Main Factors Driving The Growth Of This Market.
The 3D Printing Ceramic Market is forecasted to reach USD 247.2 Million by 2027, according to a new report by Reports and Data. The rising demand from the product from end-use industries like healthcare and aerospace will remain the key factor driving market growth over the forecasted period. Conventional processes, like polishing and machining, are extremely time-consuming and labor-intensive. 3D printing ceramic providing flexibility in such labor-intensive and time-consuming processes will result in numerous opportunities to market vendors. Increasing investments in this emerging field, combined with the development of new materials, are driving the product demand in the aerospace industry. Around USD 4.8 million were invested by Nano Dimension to develop 3D printed ceramic parts for the aerospace industry.
In North America, there are several small and medium-sized manufacturers for aerospace equipment. The growing production of aircraft is enhancing the growth of the industry in this region. In Asia-pacific, increasing investment in the healthcare industry, combined with an increasing population, is estimated to boost the demand for finished 3D printed ceramic products.
According to the WHO, the population in China above 60 years of age is set to reach around 240 million by 2020, which is estimated to enhance the demand for 3D printing ceramics for use in healthcare applications.
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Top Companies: 3D Ceram, Admatec, The Exone Company, Kwambio, Lithoz GmbH, Prodways Group, Voxeljet AG, Steinbach AG, Tethon 3D and EnvisionTEC among others.
Further key findings from the report suggest:
Aerospace, Healthcare, and Automotive are the most lucrative sectors among the End User segment of this market. Healthcare is estimated to register a CAGR of 33.1% during the forecasted period. Increasing investments in the emerging field and development of new materials and increasing investments is propelling the product demand in aerospace sector. Rising population and supportive medical equipment needs are driving growth in the healthcare sector
Among the major forms for 3D printing ceramics, liquid ceramics are estimated to register the highest CAGR of 33.0% during the forecasted period. With the help of stereolithography techniques, liquid ceramics in the form of gels and pastes are used in the productions of several products.
Among the regions, Asia-Pacific is estimated to register the highest CAGR of 33.4% during the forecasted period. Increasing investments in healthcare sector combined with rising population will be the factors compelling growth in this region.
There is a large number of automotive and aerospace component manufacturers in France and Germany. Demand for these products will drive growth for the 3D printing ceramics market over the next few years.
Presently, one of the key challenges this Industry is facing is the high melting point of ceramics. Therefore, researchers are looking for different materials to tackle this problem. The high cost of printing owing to less mass production and less development compared to metals and plastics are some of the issues of concern for market players
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Market Segmentation:
Type Outlook (Revenue, USD Million; 2017-2027)
- Glass
- Fused Silica
- Quartz
- Other Type
Product Form Outlook (Revenue, USD Million; 2017-2027)
- Filament
- Liquid
- Powder
End-User Outlook (Revenue, USD Million; 2017-2027)
- Aerospace and Defense
- Healthcare
- Automotive
- Consumer Goods and Electronics
- Manufacturing and Construction
- Other End-Users
Regional Outlook:
North America (U.S.A., Canada, Mexico)
Europe (Italy, U.K., Germany, France, Rest of Europe)
Asia Pacific (India, China, Japan, South Korea, Australia, Rest of Asia Pacific)
Latin America (Chile, Brazil, Argentina, Peru, Rest of Latin America)
Middle East Africa (Saudi Arabia, U.A.E., South Africa, Rest of Middle East Africa)
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Key questions covered in the global 3D Printing Ceramic Market report:
- What is the expected market size of the global 3D Printing Ceramic Market during the forecast period?
- What factors are expected to hamper global 3D Printing Ceramic Market growth over the forecast period?
- What key factors are expected to drive global revenue growth between 2021 and 2028?
- Which application segment is expected to dominate other application segments over the forecast period?
- Which region is expected to dominate in terms of revenue during the forecast period?
- What are the key outcomes of Porter’s Five Forces analysis and SWOT analysis?
- Which leading players are operating in the global 3D Printing Ceramic Market?
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