Press release
3D Printing Ceramics Market Industry Leaders: 3D Systems Corporation (U.S.), Viridis 3D LLC (U.S.), EOS GmbH Electro Optical Systems (Germany), Renishaw Plc (U.K.), Tethon 3D (U.S.)
The growing demand of 3D printing technology from the end-use industries has led to significant developments in the 3D printing materials market that includes metals, polymers, and ceramics. Polymers and metals have established themselves as 3D printing materials with a number of grades in comparison to ceramics which are in the growth phase. Ceramics have been largely used in architectural applications along with areas of thermal insulation. Other commercial areas include dental and orthopedic applications where they have been widely used. One of the major advantage ceramics have over other materials is their biocompatibility along with thermal resistance and porous nature. With increasing demand for the 3D printing in healthcare and aerospace & defense industry, the demand for ceramics in these industries is expected to show high growth. Major companies operating in 3D printing ceramics industry are targeting these two major markets as they show faster rate of adoption for new technologies in comparison to others.Download FREE PDF Sample Report at https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=26085601
Key players operating in the 3D ceramics market include 3D Systems Corporation (U.S.), Viridis 3D LLC (U.S.), EOS GmbH Electro Optical Systems (Germany), Renishaw Plc (U.K.), Tethon 3D (U.S.), Stratasys Ltd. (U.S.), Lithoz GmbH (Austria), and Cerum 3D (U.S.), among others.
Substantial investments have been made in the past few years by key companies such as EOS GmbH (Germany), 3D Systems Corporation (U.S.), Stratasys Ltd. (U.S.), Renishaw (PLC), and Exone GmbH (Germany). Exone GmbH (Germany) is one of the most active players in the global 3D printing ceramics market with regards to adoption of growth strategies. It has expanded its business in different regions to increase its global reach and also to cater to its customers with prominent product launches. The company has also made enough efforts to modify and innovate its product series continuously over the years.
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Stratasys Ltd. has also expanded its 3D printing material business through acquisitions, agreements, expansions, and new product launches. By undergoing such strategic developments, the company intends to address the growing demand of 3D printing materials in the market and further enhance its production capacity. The company has also collaborated with renowned 3D printing material companies to improve its technological expertise and expand its product portfolio. For instance, the company announced a new collaboration with Daihatsu Motor Co., Ltd, a manufacturer of 3D printing vision of mass customization of end-use parts. This collaboration will help the company in rapid production of automotive end use parts.
3D Systems Corporation is another leading player in the 3D printing materials market that includes ceramics. The company effectively strategizes to focus on developments such as new product developments, expansions, acquisitions, agreements, and partnerships to gain a competitive edge over other market players. As a part of its growth strategy, the company is aggressively involved in undergoing acquisitions, entering into new agreements, and launching new products to expand its presence in the 3D printing materials materials market. The company is also focused on expansion of its production facilities by strategically acquiring startups or small firms that can be potential competitors in the near future. Since 2011, the company has acquired 30 small- and medium-scale firms and has vertically integrated its printer and print materials portfolio. Such developments have helped the company expand its global operations as well as distribution network.
Ceramics are one of the major materials used for 3D printing applications after polymers and metals. Ceramics are being increasingly used in aerospace & defense, healthcare, consumer goods, and electronics sectors due to their characteristics including thermal insulation and biocompatibility. Ceramics are lightweight materials in comparison to metals and hence can be used as substitutes. Some of the grades of ceramics conduct electricity which increases their application base.
Key 3D printing ceramics manufacturers are mainly located in North America and Europe with some presence in the Asia-Pacific region. The U.S. is the largest 3D printing ceramics market in the North American region. The 3D printing ceramics market in the Asia-Pacific region is expected to grow at the highest CAGR during the forecast period. This growth in Asia-Pacific region is mainly attributed to the increasing demand of rapid prototyping materials from automotive and consumer goods & electronics industries in this region. Countries such as China, Japan, South Korea, and Australia are expected to witness increased demand for high quality ceramics powders, filaments, and inks. Technological advancements are also expected to drive the demand for 3D printing ceramics in the Asia-Pacific region. For instance, the medical and dental in healthcare industry has witnessed high demand for these ceramics in 3D printing applications by this region.
Major OEMs manufacturing these materials are expanding their capacities to reduce turnaround times and enhance efficiency in product developments. Ceramics have witnessed high growth with increasing number of grades to cater various applications. The 3D printing ceramics market is projected to reach USD 131.5 million by 2021, at a CAGR of 29.6% between 2016 and 2021.
The World Intellectual Property Organization (WIPO) ranks China as the second-largest country in terms of patent applications filed for 3D printing. Investments in start-ups, increased funding from government, and new product developments have propelled the demand of rapid prototyping in the Asia-Pacific region. Moreover, there has been a rising demand for tooling and fabrication applications from the automotive sector, which, in turn has contributed to the overall growth of the 3D printing ceramics market.
Among all end users, the aerospace & defense and healthcare segments are the fastest-growing segment in the 3D printing ceramics market. This growth is mainly attributed to the increasing applicability of rapid prototyping along with precision products in these sectors. On the basis of type, the glass segment is expected to grow at the highest CAGR during the forecast period. Glass powders are widely used in industries, such as heavy engineering, aerospace, and automotive, owing to their numerous properties such as transparency, brittleness, and others. Ceramics 3D printing service providers are supporting the manufacturing industries to reduce product development time and costs by using rapid prototyping. This has further contributed to the growth of the 3D printing ceramics market. Moreover, with respect to form, the powder segment is projected to witness the highest growth during the forecast period. This growth is primarily attributed to the fact that powder is the most preferred form used in varied 3D printing technologies.
3D printing ceramics have been extensively adopted in the aerospace & defense industry for various applications such as heat shields for turbo engines, armors, window glasses, and others. Aircraft engine manufacturers are planning to print LEAP engines used in aircraft using metal 3D printing. Manufacturers are investing in new products and materials that are utilized to build fuel-efficient aircraft. Ceramics, being light materials with high thermal insulation properties and melting points, will be highly demand for these applications. Owing to the above mentioned factors, 3D printing ceramics have a huge potential in the aerospace & defense industry, thereby propelling the demand for ceramics in this industry.
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