Report Ocean has recently published a new research study on the global 3D printing ceramic market. According to the study, the market is expected to exhibit strong growth potential over the period from 2020 to 2027. The report is titled “3D Printing Ceramic Market by Type (Technical Ceramic and Classic Ceramic), Form (Filament, Powder, and Liquid), and End-User Industry (Aerospace & Defense, Healthcare, Automotive, Electronics, and Others): Global Opportunity Analysis and Industry Forecast, 2020–2027” and it has been prepared by carrying out an in-depth assessment of this market based on its past and current performance and future prospects.
According to the report, the global 3D printing ceramic market is mainly driven by the surge in the usage of 3D printing in dental applications. The increasing investment in research and development activities is expected to boost this market in the years to come.
Although the future of this market looks bright, the high value of 3D printing ceramics, owing to low consumption extent may hamper the market’s growth in the near future. However, the constant inclusion of latest technologies will maintain the damage in the long run, states the research study.
The worldwide 3D printing ceramic market stood at US$98.7 mn in 2019. Expanding at a CAGR of 15.20% between 2020 and 2027, the market is projected to reach US$307.0 mn by 2027.
Impact of Covid 19 on Global 3D Printing Ceramic Market
Similar to many other markets, the global 3D printing ceramic market has also been severely impacted by the Coronavirus pandemic. The economic slowdown has reduced the investment in research and development, which is reflected on the growth of this market. Also, with the production of core materials being halted, the market is likely to take some time to recover.
Unique Characteristics Add to Demand for Classic Ceramics and Technical Ceramics
In terms of the type, the global 3D printing ceramic market has been classified into technical ceramics that include carbon and silica, and classic ceramics that include clay and porcelain in this study. Due to their unique properties, such as robustness and high melting point, these ceramics have found significant application in tableware and domestic decor for the food and beverages industry.
3D printing ceramics are found in three forms, i.e., powder, filament, and liquid. The aerospace and defense, automotive, healthcare, and electronics sectors have surfaced as the key end-use industries for these ceramics across the world.
North America to Acquire Dominance
The research report also presents a regional assessment of the global 3D printing ceramic market. As per the study, the market is spread across Asia Pacific (APAC), North America, Europe, and Latin America, the Middle East, and Africa (LAMEA). The dominance on the global market is expected to be with North America over the forecast period, thanks to the increasing usage of ceramics in a number of end-use industries. The Asia Pacific 3D printing ceramic market is also projected to report an upward trend in its growth trajectory in the near future. With increased production activities in the consumer goods, automotive, and electronics industries, the regional market is also projected to register the highest CAGR between 2020 and 2027.
The competitive landscape in the global 3D printing ceramic market is marked by intense rivalry among key players. These players take up various strategies, such as innovation, new product launches, technological advancements, and mergers, acquisitions, and partnerships, to gain an edge over their competitors.
- The surge in the usage of 3D printing in dental applications is driving the global 3D printing ceramic market.
- North America is expected to dominate the global market over the forecast period.
The global 3D printing ceramic market is segmented into:
- Technical Ceramic
- Classic Ceramic
By End-use Industry
- Aerospace & Defense
- North America
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of Asia Pacific
- Saudi Arabia
- South Africa
- Rest of LAMEA
Companies Mentioned in the Report
- 3D Ceram
- The Exone Company
- Lithoz GmbH
- Prodways Group
- Voxeljet AG
- Steinbach AG
- Tethon 3D
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