Dental Alloys Industry Market Research Investigates The Unveiling Resilience And Innovation: A Deep Dive
Allied Market Research published a report titled “Dental Alloys Market by Alloy Type (Gold-based, Palladium-based, Silver-based, Cobalt-based, Nickel-based, Others), by Application (Dental Restoration, Dental Implants, Partial Dentures and Bridgework, Others): Global Opportunity Analysis and Industry Forecast, 2021-2031″. The report reveals that the global dental alloys industry generated $1.9 billion in 2021 and is expected to reach $3.1 billion by 2031, with a CAGR of 4.9% from 2022 to 2031.
Prime Determinants of Growth
- Increased Demand for Dental Implants: The rise in the geriatric population and advancements in dental technology drive market growth.
- Applications in Denture Production: The use of dental alloys in creating denture bases and partial denture structures further fuels market expansion.
- Challenges: The high hardness of certain basic alloys complicates the formulation and finishing of prosthetic parts, while issues like porcelain pigmentation and low corrosion resistance hinder the casting of dental prostheses.
- Opportunities: Innovations in production technologies present new opportunities for market growth.
Impact of COVID-19
The pandemic negatively impacted the dental alloys market due to reduced patient visits to dental clinics during lockdowns. Orthopedic surgeons faced high risks of COVID-19 infection, prompting key players to develop innovative alloy products to minimize infection risks for patients and dental surgeons.
Market Segmentation
By Alloy Type
- Gold-based Alloys: Dominated the market in 2021, with nearly 60% share. Their flexibility and ductility make them ideal for dental applications such as crowns and bridges.
- Nickel-based Alloys: Expected to exhibit the highest CAGR of 6.05% from 2022 to 2031, driven by their corrosion resistance and suitability for prosthodontics.
By Application
- Dental Implants: Held the largest share in 2021, over 40% of the market, and projected to maintain its lead with a CAGR of 5.2% from 2022 to 2031. The growing demand for dental implants necessitates appropriate alloy selection for longevity and performance.
Regional Insights
- Europe: Accounted for around one-third of the market revenue in 2021, driven by the high demand for dental implants.
- Asia-Pacific: Expected to dominate by 2031 and experience the fastest CAGR of 5.4% from 2022 to 2031. The region’s dental industry is expanding due to numerous dental laboratories, institutes, and increased dental health awareness. Growing dental tourism also contributes to market growth.
Leading Market Players
Key players include Aalba Dent Inc., Argen Corporation, Aurident Inc., 88Dent, Dentsply Sirona, Heraeus Holding, Ivoclar Vivadent, Jensen Dental, Kennametal Inc., Kerr Corporation, Kulzer GmbH, Kuraray Europe GmbH, Sterngold Dental LLC, Success Dental Co., and Yamamoto Precious Metal Co. Ltd. These companies employ strategies such as product launches, collaborations, expansions, and joint ventures to strengthen their market positions.
For more detailed analysis, interested parties can procure the full report.
Customization and Further Inquiries
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This report offers a comprehensive analysis of market trends, key players’ strategies, and future opportunities, providing valuable insights for stakeholders and industry participants.
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