Ceramic Additive Manufacturing Segment to Top $3 Billion by 2027
While the potential for widespread implementation of ceramic AM is significant, it will depend on specific policies implemented by large industrial adopters.
The yearly value of additive manufacturing (AM)-produced parts in several segments of industrial manufacturing and end-use consumer products is projected to surpass $2 billion by 2027, driving the overall ceramic AM segment to over $3 billion in generated revenues and value (including AM hardware, materials and services), according to a recent report from SmarTech Publishing. Ceramics are still in the very beginning of their adoption cycle in AM. While the potential for widespread implementation of ceramic AM is significant, it will depend on specific policies implemented by large industrial adopters.
Key findings of the report include:
- Ceramic AM is a niche market within the still relatively small additive manufacturing industry. The future size of the market will depend on adoption rates by large industrial groups.
- This best-case scenario would result in steady growth for the short-term future, followed by very rapid adoption in the second half of the forecast period, when several of the current technical challenges for ceramic AM are overcome. In this scenario, the overall market for ceramic AM, including sales of hardware, materials, AM services and overall AM part value, is expected to top $3 billion by 2027.
- In the best-case scenario, the forecasted implementation of technical ceramic materials for production of end-use parts will drive technical ceramic AM materials to grow into a significant revenue opportunity, totaling $127 million in yearly sales by the end of the forecast period.
- Powder-based ceramics for AM mainly consist of traditional ceramic materials (90%) and are expected to grow into a $110 million yearly revenue opportunity by the end of the forecast period.
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