(MENAFN- America News Hour) In a recently published report, Global 3D Printing Ceramics Market report for till 2030. The report further now discusses; the various strategies to be adopted or being adopted by the business players across the globe at various levels in the value chain. In view of the global economic slowdown, we further estimated that China, India, Japan and South Korea to recover fastest amongst all the countries in the Asian market. Germany, France, Italy, Spain to take the worst hit and this hit is expected to regain 25% by the end of 2021- Positive Growth in the economic demand and supply.
U S Market recovers fast; In a release on May 4th 2021, the U.S. Bureau and Economic Analysis and U.S. Census Bureau mention the recovery in the U.S. International trade in March 2021. Exports in the country reached $200 billion, up by $12.4 billion in Feb 2021. Following the continuous incremental trend, imports tallied at $274.5 billion, picked up by $16.4 billion in Feb 2021. However, as COVID19 still haunts the economies across the globe, year-over-year (y-o-y) average exports in the U.S. declined by $7.0 billion from March 2020 till March 2021 whilst imports increased by $20.7 billion during the same time. This definitely shows how the market is trying to recover back and this will have a direct impact on the Healthcare/ICT/Chemical industries, creating a huge demand for Global 3D Printing Ceramics Market products.
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It is also anticipated to grow on account of the growing demand for chemicals from the end users, backed by the increasing consumption of chemicals across different industries and the rising need for advanced chemicals. In India, the production of major chemicals and petrochemicals during the period 2020-2021 was close to 12000 thousand MT. Additionally, between the period 2015-16 and 2019-20, the production of the chemicals and petrochemicals in the nation grew at a CAGR of close to 6%.
Global 3D Printing Ceramics Market is valued at approximately USD 27.6 million in 2019 and is anticipated to grow with a healthy growth rate of more than 34% over the forecast period 2020-2027. 3D printing ceramics is an additive manufacturing process that creates a real or physical object from a digital design using ceramics. It uses computer-added design (CAD) to create three-dimensional objects through a layering method. With the help of 3D printer anything can be created such as statue, building, aerospace equipment's etc. The increasing use in healthcare industry, with the development of bio ceramics the healthcare industry is more willing to use 3D printing for the manufacturing of custom bones implants. Similarly it is widely used for the vocal implants as it gives similar look to the original teeth. Additionally, the increasing demand from aerospace & defence for the manufacturing of aircraft and other military equipments. For instance, as per the Statista in 2020, 40% of the respondents said that they were using ceramics in their 3D printing which was the second highest figure among the most common 3D printing material used. However, high manufacturing costs impede the growth of the market over the forecast period of 2020-2027. Also, with the increasing demand for 3D printing ceramics for consumer goods such as tableware and kitchen utensils is likely to increase the market growth during the forecast period.
Global 3D Printing Ceramics market's regional analysis is based on the key regions such as Asia Pacific, North America, Europe, Latin America and Rest of the World. North America is the leading region across the world in terms of market share owing to growing production of commercial and military aircrafts due to the presence of several small and medium sized manufacturers for military components. Whereas, Asia-Pacific is also anticipated to exhibit highest growth rate over the forecast period 2020-2027. Factors such as growing investment in healthcare industry and increasing population would create lucrative growth prospects for the 3D Printing Ceramics market across Asia-Pacific region.
Major market player included in this report are:
3DCeram
ExOne
3Dresyns
Admatec Europe
Tethon 3D
Steinbach AG
3D Systems
Johnson Matthey
Aon Inni
CeramTec
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
By Material Type:
Oxide Based
Non-Oxide Based
By End-use Industry:
Aerospace & defence
Healthcare
Automotive
Consumer Goods
Electronics
Construction
By Form:
Filament
Powder
Liquid/Slurry
By Application
By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE
Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Rest of the World
Furthermore, years considered for the study are as follows:
Historical year – 2017, 2018
Base year – 2019
Forecast period – 2020 to 2027
Target Audience of the Global 3D Printing Ceramics Market in Market Study:
Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Venture capitalists
Value-Added Resellers (VARs)
Third-party knowledge providers
Investment bankers
Investors
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The report further discusses the market opportunity, compound annual growth rate (CAGR) growth rate, competition, new technology innovations, market players analysis, government guidelines, export and import (EXIM) analysis, historical revenues, future forecasts etc. in the following regions and/or countries:
- North America (U.S. & Canada) Market size, Y-O-Y growth, Market Players Analysis & Opportunity Outlook
- Latin America (Brazil, Mexico, Argentina, Rest of Latin America) Market size, Y-O-Y growth & Market Players Analysis & Opportunity Outlook
- Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC, Poland, Turkey, Russia, Rest of Europe) Market size, Y-O-Y growth Market Players Analys & Opportunity Outlook
- Asia-Pacific (China, India, Japan, South Korea, Indonesia, Malaysia, Australia, New Zealand, Rest of Asia-Pacific) Market size, Y-O-Y growth & Market Players Analysis & Opportunity Outlook
- Middle East and Africa (Israel, GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, Rest of Middle East and Africa) Market size, Y-O-Y growth Market Players Analysis & Opportunity Outlook
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