3D Printing Ceramics Market worth 131.5 Million USD by 2021
The report “3D Printing Ceramics Market by Type (Glass, Fused Silica, Quartz), Form (Filament, Powder, & Liquid), End User (Aerospace & Defense, Automotive, Consumer Goods & Electronics, Manufacturing & Construction, Healthcare) – Global Forecast to 2021″, The 3D printing ceramics market is forecast to reach USD 131.5 Million by 2021, at a CAGR of 29.6% from 2016 to 2021.
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Browse 68 market data Tables and 36 Figures spread through 167 Pages and in-depth TOC on “3D Printing Ceramics Market”
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The market is driven by the high demand for 3D printing for dental and orthopedic applications in healthcare industry and in thermal insulation parts in aerospace & defense industry as they have high heat stability and are biocompatible.
Thermoplastics and ceramics are the major types in the electrical insulation materials market
The demand for thermoplastics and ceramics is rising due to the increasing energy demand from growing economies such as India and China. It is likely to lead to higher investments in T&D capital expenditure. The growth is also due to increasing use of electrical appliances in the region along with the need to explore cost-effective and high-performance insulating materials.
Power system application represents the bulk of the demand for electrical insulating materials
The use of electrical insulation in power systems helps to avoid transmission failure, thereby ensuring safety of the appliances. Electrical insulation also helps to avoid damage to the power system and makes it easy to repair and replace the disturbance of power supply in the appliances. These factors have led to the growth of insulating materials in the power system application.
Asia-Pacific is estimated to account for the highest CAGR during the forecast period
Asia-Pacific is the largest market for electrical insulation materials market, followed by North America and Europe. China, the U.S., Japan, and Korea are the largest consumers of electrical insulating materials. Factors, such as augmentation & modernization of transmission & distribution network, increased global demand for electricity, upgrading of ageing technology, and growth of renewable energy have all led to the increasing demand of electrical insulating materials in the Asia-Pacific region.
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Key players in the Electrical Insulation Materials Market – The key players in the global market include DuPont (U.S.), Elantas Electrical Insulation (Germany), ITW Formex (U.S.), Krempel GmbH (Germany), 3M (U.S.), Haysite Reinforced Plastics (U.S.), Vitar Insulation Manufacturer (Hong Kong), Nitto Denko Corporation (Japan), Tesa Se (Germany), and Teijin DuPont Films Japan Limited (Japan) etc.
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