What is the future of 3D Printing Ceramics Market? Know Covid Impact on Size, Share & Forecasts
June 23, 2020
The unexpected shifts in the global markets because of the sudden outbreak of the COVID-19 virus have brought many major and minor tremors to industries of all sizes including the 3D Printing Ceramics Market.
It was estimated prior to this unanticipated outbreak that the 3D Printing Ceramics Market was expected to grow at a CAGR of 31.2% during the forecast period. However, the gradual slowing down of industries will undoubtedly impose limits on the previously estimated growth rate.
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3D Printing Ceramics is the process in which the particles of forms are glued together to get an object. The various types are of glass, fused silica, quartz, and others.
3D Printing Ceramics come up in different forms and these are filament, liquid, and powder. Aerospace & Defense, Healthcare, Automotive, Consumer Goods & Electronics, Manufacturing & Construction, and others are some of the industries where 3D Printings Ceramics are used.
This report studies the market covering a period of 12 years of trend and forecast. The report provides detailed insights into the market dynamics to enable informed business decision making and growth strategy formulation based on the opportunities present in the market.
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Based on the form type, the market is segmented as filament, liquid, and powder. Powders own a promising growth during the forecast period as they have been highly used by various end-users. Another factor contributing to the growth of powders is the mounting demand for laser sintering technology for commercial applications. On the other side, liquid ceramics, in the form of pastes and gels, are employed for the production of several products by adopting stereolithography techniques, which is extensively utilized for prototyping applications. On the flip side, however, the growth opportunities for ceramic filaments remain very narrow comparatively, as having been sponsored by only a limited number of players.
Based on the end-user type, the market is segmented as aerospace & defense, healthcare, automotive, consumer goods & electronics, manufacturing & construction, and others. Among all end users, the aerospace & defense segment captured the largest share of the market in 2018. This growth is mainly attributed to the latest technological advancements and invention of new materials for prototyping as well as production in the aerospace & defense sector. The use of ceramics in the healthcare sector, for manufacturing several medical products, such as dentures, surgical equipment, prosthetics & implants, and tissue engineering products, is endorsing the applicability of 3D printing ceramics. Further, the increasing demand for high-quality 3D printing ceramics that are certified by various governing bodies for medical applications is again bolstering the growth of the market for 3D printing ceramics in the healthcare sector.
In terms of regions, North America is estimated to lead the 3D printing ceramics market during the forecast period, driven by the increasing use of ceramics by diverse end-use industries in this region. Another reason for the growth of the North American 3D printing ceramics market is the promotion of 3D printing ceramics by major companies located in the region. On the other hand, the 3D printing ceramics market in the Asia-Pacific region is likely to witness high growth in the coming five years, owing to the snowballing production activities in the automotive and the consumer goods & electronics sectors. China and India are the growth engines of the Asia-Pacific region.
Key Players:
Some of the major players in the 3D printing ceramics market are CRP Group, Exone GmbH, EOS GmbH Electro Optical Systems, 3D Ceram, Materialise NV, Renishaw PLC, Lithoz GmbH, and Viridis 3D LLC.
Features of the Report
This report offers high-quality insights and is the outcome of detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders and validation and triangulation with Stratview Research’s internal database and statistical tools.
The 3D Printing Ceramics Market analysis report discusses the following heads in great detail:
- Market structure: Overview, industry life cycle analysis, supply chain analysis
- COVID-19 Impact Assessment
- Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis
- Market trend and forecast analysis
- Market segment trend and forecast
- Competitive landscape and dynamics: Market share, product portfolio, product launches, etc.
- Attractive market segments and associated growth opportunities
- Emerging trends
- Strategic growth opportunities for the existing and new players
- Key success factors
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