Market Insights: —
Market Research Future (MRFR) has revealed in its latest study that the Global 3D Printing Material Market is set to expand saliently striking a robust CAGR of 19% during the forecast period. The market is estimated by MRFR to reach a value over USD 1,500 Mn towards the end of the assessment period. The accelerated adoption of the technology across a wide range of industries is responsible for driving growth in the Global 3D Printing Material Market.
The increasing demand for 3D Painting Material from end-user industries such as automotive, healthcare, aerospace & defense, etc. has been on the rise. The trend is likely to continue during the assessment period, which is expected to open growth avenues for the market players.
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The embracement of the technology has paved the way for innovations and adoption of next-gen technologies for gaining competitiveness over competitors. The growth trajectory of the market is mainly guided by the strategies implemented by the market operators such as reduction in prices, product speed development, etc.
for gaining traction in the market.
In August 2018, Mosaic Manufacturing, a Canada based 3D printing specialist, added ‘Palette 2’ to its product line. It is a device that facilitates multi-material printing in single-extruder FDM 3D printers.
In August 2018, a global leader in specialty chemicals, Evonik, has announced the development of its new product, which is the world’s first flexible plastic 3D printing material based on PEBA (polyether block amide).
By Material, the Global 3D Printing Material Market has been segmented into metals, plastics, ceramics, and others.
By Application, the 3D Printing Material is segmented into automotive, healthcare, aerospace & defense, consumer goods, and others.
By Region, the market has been segmented into Asia Pacific, North America, Europe, and Rest of the World. Europe has captured a significant share of the market. The region is expected to retain its dominance towards the end of the forecast period. The growth can be ascribed to the development and expansion of industrial area in the region. North America is an important growth pocket in the Global 3D Printing Material Market. The factors responsible for favoring the market proliferation in the region are booming end-user industries such as aerospace & defense, massive investments, increased research & development activities, etc. Additionally, the presence of key players in the region is likely to intensify competition and aid market expansion. Asia Pacific is expected to register a relatively steeper rise in the growth of the 3D Printing Material Market. The consolidation of fast-developing economies such as India and China are likely to encourage the revenue acceleration for market participants in the foreseeable future. Furthermore, an increase in demand from the end-user countries is projected to be witnessed over the assessment period.
Some of the key players profiled in the report by MRFR are Höganäs AB, Sandvik AB, Solvay S.A., Arcam AB Inc., EOS GmbH, 3D Systems Corporation, Arkema S.A. Inc., ExOne GmbH Inc., Royal DSM N.V., and Stratasys Ltd. Inc.
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