3D Printing Ceramic Market size is projected to reach $307.0 million by 2027, registering a CAGR of 15.2%

According to a new report published by Report Ocean, titled, "3D Printing Ceramic Market by Type, Form, and End-User Industry: Opportunity Analysis and Industry Forecast, 2020-2027," the global 3D printing ceramic market was valued at $98.7 million in 2019, and is projected to reach $307.0 million by 2027, registering a CAGR of 15.2%.

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3D printing technology is experiencing exponential growth due to rigorous R&D in this area and consistent advancements in the manufacturing process. This has increased the potential applications of the technology and led to the introduction of new 3D printing materials such as ceramic. End-user industries, such as automotive, aerospace, healthcare, and consumer goods, along with other verticals supports the growth of the market. In addition, the automotive industry uses 3D printing technology majorly for prototype development, owing to high cost of material and technology.

The use of 3D printing technology is expected to experience significant growth in the automotive industry, owing to reduction of price of printers and materials. In the field of aerospace, Boeing uses 3D printing to produce inner parts of airplanes while NASA uses the technology to build rocket engines and satellite parts. In addition, big players invest in the market by adopting strategies, such as acquisitions, partnerships, and R&D, to find new applications of 3D printing. In the healthcare industry, hearing aids, orthopedics, and dental implants are the most familiar uses of this technology. Therefore, these factors positively impact the 3D printing ceramic market and enhance the growth rate.

Based on type, the market is segmented into technical ceramic and classic ceramic. The technical ceramic segment was the highest contributor to the market growth in 2019 and is estimated to grow at a CAGR of 15.9% during the forecast period.

By form, the market is divided into filament, powder, and liquid. The powder and filament segments collectively accounted for around 89.3% market share in 2019, with the former constituting around 64.7% share.

Based on the end-user industry, the market is classified into aerospace & defense, healthcare, automotive, electronics, and others. The healthcare and aerospace & defense segments collectively accounted for around 59.7% market share in 2019, with the former constituting around 34.5% share. Region-wise, the market is segmented into North America, Europe, Asia-Pacific, and LAMEA. North America and Europe collectively accounted for around 60.2% share in 2019, with the former constituting around 32.1% share.

The key players competing against each other to increase their global 3D printing ceramic market share include 3D Ceram, Admatec, The Exone Company, Kwambio, Lithoz GmbH, Prodways Group, Voxeljet AG, Steinbach AG, Tethon 3D, and EnvisionTEC. To stay competitive, these market players adopt different strategies such as product launch, partnership, merger, and acquisition. For instance, Prodways launched its new Movinglight V10 Ceramic 3d Printer at the International Additive Material Exhibition 2018 in China. It allows printing of parts by using technical ceramic materials such as zircon, alumina, and hydroxyapatite.

Impact of COVID-19 on the market
There are feasible scarcity and/or delays in the supply of 3D printing material like ceramic. However, few corporations have stated that local suppliers have stock of printing materials for approximately 1.5-2 months. China and Italy are good sized suppliers of ceramic used in 3D printing, so there also are concerns that these deliver chains can be affected. The 3D printing ceramic market is predicted to remain stagnant in 2020, however, growth is expected to pick up after 2025. The 3D printing market will continue to generate revenue in 2020 even though not as much as was predicted earlier before the pandemic. The 3D printing material like ceramic sales will follow a similar trend like that of printer, with few of the key players investing more on emerging material types.

Key Findings Of The Study

By region, Asia-Pacific and LAMEA are expected to witness considerable CAGRs of 17.7% and 16.2% respectively during the forecast period.
The Saudi Arabia 3D printing ceramic market is estimated to grow at a significant CAGR of 17.1%.
By type, the technical ceramic segment was the highest contributor to the 3D printing ceramic market size and is estimated to grow at a CAGR of 15.9% during the forecast period.
By form, the powder and filament segments are expected to witness significant CAGRs of 15.9% and 14.0% respectively during the forecast period.
By end-user industry, the electronics and aerospace & defense segments are expected to witness significant CAGRs of 17.1% and 16.8% respectively during the forecast period.

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This release was published on openPR.