Industrial ceramic AM will grow into $4.8 billion revenue opportunity by 2030

The market research firm SmarTech Analysis has issued a new report on the ceramic 3D printing market – Ceramics Additive Manufacturing Part Production: 2019-2030 – which identifies the most commercially important additive manufacturing technologies, material types and material form factors, as well as application segments for ceramics additive manufacturing, differentiating between technical and traditional ceramic materials. The research firm had already released a report on this segment of additive manufacturing in 2017. Some of its forecasts have been adjusted, however the firm does not believe that COVID-19 will hinder growth by a large margin given its figures.

In the report, SmarTech Analysis expects that despite current disruptions due to COVID-19, the overall ceramics AM industrial sectors, including hardware, materials and application revenues, will grow into a $4.8 billion revenue opportunity by 2030. It had previously predicted that it would generate $3.8 billion by 2028. Final parts value for both technical and traditional ceramic parts will continue to represent the most significant opportunities, driving the market for the medium to long-term future.

Image via SmarTech Analysis

Industrial Ceramic AM is Growing

SmarTech explains that the adoption of ceramic additive manufacturing will jump in 2025 because 3D printing technologies capable of supporting ceramic final part production will finally be mature. By this the firm means that manufacturers will finally be able to use systems for series production instead of prototyping, which will in turn drive market demand and revenue. Moreover, technical ceramics applications are forecasted to grow the most. These ceramics showcase great properties including mechanical, thermal, chemical and electrical resistance – especially useful in sectors such as automotive or aerospace.