3D Printed Technical Ceramics Market Report Overview
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The global 3D printed technical ceramics market size was 197.9 million in 2022 & the 3D printed technical ceramics market is expected to reach USD 669 million by 2031, exhibiting a CAGR of 14.5% during the forecast period.
The COVID-19 pandemic has been unprecedented and staggering, 3D printed technical ceramics experiencing lower-than-anticipated demand across all regions compared to pre-pandemic levels. The sudden rise in CAGR is attributable to the market’s growth and demand returning to pre-pandemic levels.
3D printed technical ceramics refers to a sort of ceramics forming method that uses computer control to create a 3D model of a scanned object. The things can be of many shapes and sizes, and they are created using 3D imaging and scan. Ceramics used in 3D printing are flexible and have a high level of heat resistance, withstanding temperatures of exceeding 1700 Celsius and 3000 Fahrenheit.
The market continues to grow due to fast increase in optical, mechanical, chemical and electronic industries.
COVID-19 Impact: Interruption in Services to Deplete Market Growth
Growth in the worldwide market remained flat in 2020, but to take up again after 2025. The 3D printed technical ceramics market growth continued to generate income in 2020, albeit not as much as was projected prior to the outbreak. The losses in 3D printed technical ceramics sales for the initial half of the calendar year are anticipated to be offset by positive sales achieved in the latter part of the entire year. This is projected due to backlog orders in all end-user industries. Furthermore, the disruption in the international supply chain has compelled enterprises to adopt technology that allows for remote production capabilities without a requirement for large-scale investment.
Ceramic 3D printing material sales will take a similar path to printer sales, with a few important manufacturers investing more in developing material types.
LATEST TRENDS
"Dental Sector to Stimulate Market Development "
The growing need for 3D printed technical ceramics within the dental sector is a critical factor driving market growth, as are increasing advances in technology in the 3D printing market, increasing demand from medical facilities and investments expenditure, rising readily available of advanced 3D printers, rising interest for modifications to products and development, rising customer demand for 3D printing within the field of dentistry, and rising consumer demand for 3D printing from the healthcare industry. Furthermore, rising expenditures on research and development by different industries in order to stay competitive, as well as rising technological breakthroughs and modernization in manufacturing techniques, will generate new chances in the 3D printing ceramics market.
3D Printed Technical Ceramics Market Segmentation
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- By Type
Based on type; the market is divided into material deposited, liquid deposition
Material deposited is the leading part of the type segment.
- By Application
Based on the application; the market is divided into optical, mechanical, chemical, electronic
Optical is the leading part of the application segment.
DRIVING FACTORS
"Apparel Industries to Aid Market Expansion "
3D printers are utilized for component replacement and repair in a variety of applications such as medical treatment, commercial, archeological, consumer products, automobiles, and others. Apparel and jewellery are two thriving industries where 3D printing has been employed to create bespoke jewelry products. For example, at the recently concluded Paris Fashion Week 2018, the embellishments on one of the outfits on display were 3D printed using the PolyJet technology. This process aids in the creation of high-end resin items with smooth surfaces. The consumer product business also makes use of 3D printing.
"Growing Need for Laser Sintering Methods to Foster Industry Progress "
The market is divided into filaments, liquid, and powder based on form. Because of a growing need for laser sintering methods for commercial applications, the powder segment commands a sizable market share. The market can be categorized by end-use industry as follows: aerospace & military, healthcare, vehicle, electronics, and others. Because of the use of ceramic in prototyping, aerospace and military hold a considerable market share. Ceramic is also used in a variety of applications in the healthcare industry, including dentures, surgical systems, prosthetics and implants, and tissue engineering devices.
RESTRAINING FACTORS
"Less Development in Ceramics to Limit the Market Evolution "
However, less development in ceramics in contrast to metals and plastics with low use base, higher expenses of 3D printing ceramics due to low usage volumes, and low acceptance rate of modern technologies in developing nations are among the major factors acting as restraints, while the rising constantly changing 3D printed technical ceramics market share will pose additional obstacles to the expansion of 3D printing ceramics market share during the forecast period mentioned above.
3D Printed Technical Ceramics Market Regional Insights
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"Rising Healthcare Industries in North America to Support Market Advancement "
North America takes over the 3D printed technical ceramics market share because of rising commercial and military aircraft production, rising healthcare industry demand and investment expenditure, rising readily available of advanced 3D printers, rising demand for modification of products and development, and rising customer demand for 3D printing within the dental industry. Due to the increasing presence of a significant number of aerospace and automotive component manufacturers, as well as rising expenditures in the healthcare industry, the region is predicted to be the fastest growing regions in terms of market growth.
KEY INDUSTRY PLAYERS
"Key Players Focus on Partnerships to Gain a Competitive Advantage"
Prominent market players are making collaborative efforts by partnering with other companies to stay ahead of the competition. Many companies are also investing in new product launches to expand their product portfolio. Mergers and acquisitions are also among the key strategies used by players to expand their product portfolios.
The analyst provides a comprehensive picture of the market through the study, synthesis, and summarization of data from various sources, as well as an examination of important variables such as financial gain, sales prices, competition, and promotions. It identifies the key industry influencers and presents various market facets. The information provided is thorough, reliable, and the result of extensive primary and secondary research. The market report provides a comprehensive competitive landscape as well as an in-depth vendor evaluation methodology and analysis based on both qualitative and quantitative studies to accurately forecast market growth.
The reports cover important advances with in market, as well as inorganic and organic growth strategies. Various companies are concentrating on organic business expansion such as product announcements, product approvals, and other things like patents and events. Acquisitions, partnerships, and collaborations were among the inorganic growth strategies observed in the market. The above activities have paved the way for market participants to expand their business and customer base. With the growing demands for filter products in the international market, market participants in the market are expected to benefit from substantial growth opportunities in the near future.
List of Market Players Profiled
- NanoE (France)
- Canon (Japan)
- 3DCERAM SINTO (France)
- Admatec (Netherlands)
- Formlabs (U.S.)
- WASP (India)
- XJet (Israel)
REPORT COVERAGE
This research offers a thorough analysis of the global market, covering all relevant areas. This includes everything from a broad market overview to micro-level information about size of the market, degree of competition, evolution trend, opportunities in the market, important market drivers, and SWOT opportunities and threats. The reader can use the study to influence industry competitiveness and competitive environment strategies to increase potential profit. Additionally, it offers a straightforward framework for assessing and gaining access to the situation of the corporate organization.
In a nutshell, this study should be read by all market participants, traders, academics, analysts, business planners, and anyone else with an interest in the market. The market competitive landscape is another area that the report structure focuses on. This report presents in depth information the share of the market, macroeconomic indicators, product scenario, operation circumstances of the major players, which aids readers in the industry in recognizing the key rivals and better understanding the market's competitive landscape.
REPORT COVERAGE | DETAILS |
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Market Size Value In |
US$ 197.9 Million in 2022 |
Market Size Value By |
US$ 669 Million by 2031 |
Growth Rate |
CAGR of 14.5% from 2022 to 2031 |
Forecast Period |
2022-2031 |
Base Year |
2023 |
Historical Data Available |
Yes |
Regional Scope |
Global |
Segments Covered |
Type and Application |
Frequently Asked Questions
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What value is the 3D printed technical ceramics market expected to touch by 2031?
The global 3D printed technical ceramics market size is expected to reach USD 669 million by 2031.
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What CAGR is the 3D printed technical ceramics market expected to exhibit by 2031?
The 3D printed technical ceramics market is expected to exhibit a CAGR of 14.5% by 2031.
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Which are the driving factors of the 3D printed technical ceramics market?
The driving factors of the 3D printed technical ceramics market are apparel industries and growing need for laser sintering methods
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Which are the key players or most dominating companies functioning in the 3D printed technical ceramics market?
NanoE, Canon, 3DCERAM SINTO, Admatec, Formlabs are the key players or most dominating companies functioning in the 3D printed technical ceramics market.