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(Health-NewsWire.Net, October 14, 2021 ) The global 3D printing ceramics market size was USD 116 million in 2020 and is expected to reach USD 384 million by 2025, projecting a CAGR of 27.0% between 2020 and 2025. 3D printing ceramics are increasingly used in the aerospace & defense, healthcare, automotive, consumer goods & electronics, construction, and other end-use industries. The increasing demand of healthcare industry drives the demand for 3d printing ceramics. However, the outbreak of COVID-19 has created ripples across various application industries leading to reduced demand for 3D printing ceramics. Due to the lockdown scenario in Europe and North America, the demand for 3D printing ceramics from automotive, construction, electronics and other industries have declined sharply in the first half of 2020.
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The aerospace & defense is the largest application industry of 3D printing ceramics in terms of value. The 3D printing ceramics offer increased strength, temperature resistance & stability, and exceptional hardness. Due to these properties 3D printed ceramics are now used in antennas, shielding, engine components. This is driving the demand of 3D printing ceramics in aerospace industry. In defense industry 3D printing ceramics are majorly used to manufacture tank brake pads, jet turbine parts and body armor.
In automotive industry, with rising trend of electric vehicles, automotive companies are trying to develop better batteries to offer longer milage of the vehicles. 3D printed ceramic fuel cells offer better performance and higher power output from the same battery size. This has increased the range of electric vehicles without increasing the vehicle weight and battery size. Apart from fuel cells, 3D printing ceramics are also being adopted by high end car manufacturers such as Bugatti to manufacture brakes. Following the lead are the companies like Porsche and Volkswagen. These new trends are driving the 3D printing ceramics market in the automotive industry.
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The USA is the largest market for 3D printed ceramics in the world, in terms of both value and volume. The trend is expected to be the same during the forecast period. The country is home to some of the major 3D printing ceramicsmanufacturers. The growing aerospace & defense, healthcare, and automotive activities in the region are propelling the market for 3D printing ceramics in the US.
Due to the COVID-19 crisis, several players in the 3D printing ceramics market have implemented various strategies. For instance, many companies are operating in staggered shifts or running at partials capacities With North America and Europebeing the most affected regions, the entire supply chain in the 3D printing ceramics industry is disrupted globally. The lockdown of international borders is also taking its toll in the demand for 3D printed ceramics in Europe, North America, and APAC regions.
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