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3D Printing Ceramic Market to Garner $307.0 Million, Globally, By 2027 at 15.2% CAGR, Says Allied Market Research
Tuesday, September 22, 2020

Rise in penetration of bio-based materials and technological advancements drive the growth of the global 3D Printing Ceramic market

Portland, Ore., Sept. 14, 2020 /PRNewswire/ -- Allied Market Research published a report, 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." According to the report, the global 3D Printing Ceramic market size was valued at $98.7 million in 2019 and is estimated to reach $307.0 million by 2027, growing at CAGR of 15.2% from 2020 to 2027.

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Prime determinants of growth-

Rise in penetration of bio-based materials and technological advancements drive the growth of the global 3D Printing Ceramic market. However, high cost of raw material restrains the growth to some extent. On the other hand, applications offered by 3D printing ceramic in other applications would create new opportunities in the coming years.

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COVID-19 scenario-

    --  COVID-19 outbreak has impacted the overall sales of 3D printers.
        Furthermore, the disruptions in supply chain management in early phase
        of the lockdown have resulted in shortage of raw materials, thereby
        declining the demand.
    --  Nevertheless, the government bodies in several regions have given a nod
        to the manufacturing and other firms to restart their processes.

The technical ceramic segment to dominate the market throughout the forecast period-

Based on type, the technical ceramic segment contributed to the largest market share in 2019, holding more than half of the global 3D printing ceramic market, and is expected to continue to dominate in terms of revenue throughout the forecast period. In addition, the segment is estimated to maintain the highest CAGR of 15.9% from 2020 to 2027. Components made from technical ceramics are electrically insulating and puncture-proof and are therefore suitable for a wide range of applications, such as substrates in the electronics industry. This factor drives the growth of the segment.

Get Detailed COVID-19 Impact Analysis on the 3D Printing Ceramic Market @ https://www.alliedmarketresearch.com/request-for-customization/7194?reqfor=covid

The powder segment to retain its lead position throughout 2027-

Based on form, the powder segment accounted for nearly two-thirds of the global 3D printing ceramic market in 2019, and is expected to continue its lead position throughout the forecast period. Furthermore, the same segment is also anticipated to register the highest CAGR of 15.9% during the forecast period. Surge in population of ageing people across the European and Asia-Pacific region has led to surge in demand for orthopedic and cranial implants, surgical instruments, dental restorations such as crowns, and external prosthetics. This reason augments the demand for powder-based 3D printing.

North America to lead the trail throughout 2027-

Based on region, North America contributed to nearly one-third of the global 3D printing ceramic market in 2019, and is expected to maintain its dominant share by 2027. This is owing to the rise in application of 3D printing ceramics in medical sector and increase in demand for 3D printing ceramics from the aerospace and automobile industry. On the other hand, the Asia-Pacific region is estimated to portray the fastest CAGR of 17.7% from 2020 to 2027. This is attributed to surge in disposable income of people in countries such as China, India, ASEAN, and others.

Leading Market Players-

    --  3D Ceram, Admatec
    --  The Exone Company
    --  Kwambio
    --  Lithoz GmbH
    --  Prodways Group
    --  Voxeljet AG
    --  Steinbach AG
    --  Tethon 3D
    --  EnvisionTEC.

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Similar Reports:

Technical Ceramics Market: Global Opportunity Analysis and Industry Forecast, 2019-2026

3D Printing Metal Market: Global Opportunity Analysis and Industry Forecast, 2019-2026

Ceramic Matrix Composites Market: Global Opportunity Analysis and Industry Forecast, 2019-2026

Healthcare Personal Protective Equipment Market: Global Opportunity Analysis and Industry Forecast, 2020-2027

About Us:

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP, based in Portland, Oregon. AMR provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

AMR introduces its online premium subscription-based library Avenue, designed specifically to offer cost-effective, one-stop solution for enterprises, investors, and universities. With Avenue, subscribers can avail an entire repository of reports on more than 2,000 niche industries and more than 12,000 company profiles. Moreover, users can get an online access to quantitative and qualitative data in PDF and Excel formats along with analyst support, customization, and updated versions of reports.

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View original content:http://www.prnewswire.com/news-releases/3d-printing-ceramic-market-to-garner-307-0-million-globally-by-2027-at-15-2-cagr-says-allied-market-research-301129943.html

SOURCE Allied Market Research



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