19-Mar-2020: The global 3D printing ceramics market size is
expected to reach USD 159.5 million by 2025, accelerating at a CAGR of 34% over
the forecast period, according to a new report by Grand View Research, Inc.
Advancements in printing technology and increased investments are among drivers
triggering the market growth.
About
Grand View Research
Metal and plastic 3D printing companies have started focusing
on products made of ceramics in the recent years. The market is projected to
grow at a rapid pace over the forecast period. Growing need for strong, tough,
and temperature resistant components and parts in different end-use industries
is the key driver triggering the growth of 3D printing ceramics industry.
Different printers that use materials such as porcelain,
ceramics, alumina, and clay using various technologies are available in the
market. Liquid deposition modeling (LDP) technology is anticipated to create
opportunities in the design and architecture fields. Digital light processing
(DLP) and stereolithography (SLA) technologies can be used to produce precise
and complex parts for implants application in the medical field.
3D printing ceramics industry is still in the growing phase
and faces some challenges. Lack of trained professionals & engineers and
education programs for engineers related to the field of 3D printing are among
major challenges in the sector. However, the adoption of 3D printing by major
manufacturers, providers, and end users of products made of ceramics is
projected to promote the technology.
Multinational companies and numerous startups are focusing on
reduced execution time and enhanced operational efficiency in different
end-user industries. Japan-based Canon Inc. developed a new 3D printing
technology for ceramics in 2018. The technology can be used in various
applications that require corrosion & heat resistance and insulation
properties. The company also developed new ceramic materials to produce highly
accurate parts.
Aerospace and medical industries are the key contributors to
the growth of the market. As per a report by Airbus, the expanding middle-class
population is projected to boost the number of flyers around the world, which,
in turn, is anticipated to trigger the production of commercial aircraft and
indirectly contribute to the demand for finished components or parts. Moreover,
growing adult population and rising healthcare investments are likely to
promote the use of 3D printed finished products made of ceramics. Growth of
medical and aerospace industries in North America is among key factors influencing
the demand for 3D printing. Government funding for healthcare sector in Asia
Pacific is projected to assist the market growth. The region is projected to
witness the highest CAGR over the forecast period.
In
depth research report on 3D Printing Ceramics Market
Further key
findings from the report suggest:
·
In terms of revenue, aerospace
end-use segment is anticipated to reach USD 26.1 million by 2025 owing to
increasing number of flyers globally
·
In terms of volume, medical
end-use segment is projected to ascend at a CAGR of 35.4% over the forecast
period owing to increasing adult population and growing healthcare investments,
which is one of the key factors likely to trigger the demand for 3D printing of
ceramics
·
Industrial machinery segment
accounted for 8.7% volume share in the 3D printing ceramics market in 2018
owing to industrial output supported by increased demand for machinery
·
North America accounted for the
highest volume share of 45.2% in 2018
·
Tethon3D, 3D CERAM, Lithoz,
Steinbach AG, PRODWAYS, and Desamanera S.r.l. are some of the key players in
the market.
Grand View Research has segmented the global 3D printing
ceramics market on the basis of end-use and region:
3D Printing
Ceramics End-use Outlook (Volume, Kilograms; Revenue, USD Million, 2014 - 2025)
·
Aerospace
·
Medical
·
Industrial Machinery
·
Others
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Grand View Research, Inc. is the
U.S. based market research and consulting company, registered in the State of
California and headquartered in San Francisco. The company provides syndicated
research reports, customized research reports, and consulting services. To help
clients make informed business decisions, the company offers market
intelligence studies ensuring relevant and fact-based research across a range
of industries including technology, chemicals, materials, healthcare and
energy.
