NEW YORK, Sept. 13, 2016 /PRNewswire/ -- "End-user segment is one of the driving factors, as 3D printing ceramics are widely used in high-thermal applications"
The global 3D printing ceramics market is expected to grow at a CAGR of 29.6% between 2016 and 2021 and is estimated to reach USD 131.5 million by 2021. 3D printing ceramics are the only safe 3D printing materials used for home decor and tableware products. Ceramics are recyclable materials that can withstand temperatures up to 600º C. Stability in high thermal applications is the major factor driving the growth of the 3D printing ceramics market in various end-user industries.
"Aerospace & defense is projected to grow at the highest CAGR during the forecast period":
The global 3D printing ceramics market is classified based on different end-user industries. The aerospace & defense segment is estimated to grow at the highest rate during the forecast period. Ceramics and particularly engineered ceramics have been extensively used in aerospace and military aircraft for many years. In defense industry, ceramics have been used for body armor plates, vehicle armor tiles, electronic counter measures, X-ray tubes, and others. Increasing consumption from aerospace & defense industry across the globe is driving the growth of the segment.
"APAC the fastest-growing region in the 3D printing ceramics market"
The 3D printing ceramics market in APAC is expected to grow at the highest CAGR between 2016 and 2021. The growth is attributed to various end-user industries, such as healthcare, consumer goods, and aerospace & defense in this region. The 3D printing ceramics industry in this region is largely concentrated in Southeast Asian region, which is one of the leading markets in term of industrial application. Australia is the fastest-growing market in the region with low average prices. The cost of raw material is less in Asia-Pacific due to easy availability which promises high growth potential for 3D printing ceramics in the coming years.
Several primary interviews with market experts have been conducted across five major regions, namely, North America, Europe, Asia-Pacific, South America, and Middle East & Africa. The primary participants considered for the study are C level executives, managers, and D level executives of the tier 1, tier 2, and tier 3 companies.
- By Company Type: Tier 1 - 38%, Tier 2 - 51%, Tier 3 - 11%
- By Designation: C Level - 11%, Director Level - 12%, Others - 77%
- By Region: North America - 27%, Europe - 21%, Asia-Pacific - 38%, RoW - 14%
The key companies in this market are 3D Systems Corporation (U.S.), Stratasys Ltd. (U.S.), Royal DSM N.V. (Netherlands), EOS GmbH Electro Optical Systems (Germany), Materialise NV (Belgium), and others.
The stakeholder's for the report includes:
- 3D Printing Ceramics Material Manufacturers, Dealers, and Suppliers
- Government Bodies
- 3D Printing Experts
- End-use Companies
- Companies Operational in Material R&D
- Defense and Military
- Industry Associations
- Large Infrastructure Companies
- Investment Banks
- Consulting Companies/Consultants in Chemical and Material Sectors
Scope of the Report
Each segment is described in detail in the report with volume and revenue forecasts.
o Fused Silica
By End-User Industry:
o Aerospace & Defense
o Consumer Goods & Electronics
o Manufacturing & Construction
o North America
o South America
o Middle East & Africa
Read the full report: http://www.reportlinker.com/p04138218-summary/view-report.html
ReportLinker is an award-winning market research solution. Reportlinker finds and organizes the latest industry data so you get all the market research you need - instantly, in one place.
Contact Clare: firstname.lastname@example.org
Intl: +1 339-368-6001
To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/3d-printing-ceramics-market-aerospace--defense-segment-to-grow-at-the-highest-rate-by-2021-300327388.html