3D Printing Material is used for manufacturing a 3-dimensional object wherein consecutive layers of a specific material are formed to create another object. Market Research Future (MRFR) has published a research report about the Global 3D Printing Material Market that anticipates massive raise at 19% CAGR (Compound Annual Growth Rate) for this market with a high rate during a forecast period that would end in 2022. Regarding value, the market is expected to be worth the US $ 1,500 mn by the end of the forecast period.
Evaluating the market structure, this report offers insights about factors affecting the market growth. Weighing the market size and foretelling the revenue, this reports covers and observes the competitive developments of market players that include joint ventures, mergers and acquisitions, new product developments, research and developments (R&D), and strategic alliances.
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The major market driver of the Global 3D Printing Material Market growth is accelerated adoption of the technology across a wide range of industries. Other important market driving factors include increasing demand for 3D painting material from end-user industries, adoption of various innovative technologies, and lastly, strategies implemented by the market operators such as product speed development, reduction in prices, etc. in order to traction in the market.
The Global 3D printing material market segmentation is based on Applications, Material, and lastly, Region. The application-based segmentation of this market covers automotive, aerospace & defense, consumer goods, healthcare, and others. Based on the material, the market has been segmented into ceramics, metals, plastics, and others.
The regional segmentation of the Global 3D Printing Material Market has segmented the global market into regional markets namely Asia Pacific, North America, Europe, the rest of the world (RoW). During the forecast period, Europe is expected to be the largest growing market in terms of market size due to the expansion and development of the industrial area of this region. The most powerful economies in this region are France, Germany, and the UK. Many key market players are based in Europe.
During the forecast period, the Asia Pacific region is expected to emerge as the fastest growing market. The consolidation of fast-developing economies such as India and China can encourage the revenue growth for market participants in the foreseeable future. Japan is another strong economy in this region.
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North America is not only an important regional market but also a key growth pocket in the global market. The factors favoring market proliferation in this region include booming end-user industries such as aerospace & defense, increased research & development (R&D) activities, massive investments, etc. Additionally, the presence of many key market players in this region is also boosting the market growth. USA and Canada are the strongest economies in this region.
Key Players:
The key players in the Global 3D Printing Material Market include 3D Systems Corporation (USA), Arcam AB Inc. (UK), Arkema S.A. Inc. (India), EOS GmbH (Germany), ExOne GmbH Inc. (Germany), Höganäs AB (Sweden), Royal DSM N.V. (Netherlands), Sandvik AB (Sweden), Solvay S.A. (Belgium), and Stratasys Ltd. Inc. (USA).
Latest Industry News:
Evonik has acquired technology startup for Austin-based 3D printing materials Structured Polymers Inc. 21 JAN 2019
A team comprising of researchers from the and Imperial College London (ICL) and University of Sheffield have developed ‘meta-crystals’ that incorporate novel lattice compositions, mimicking the structure of a single crystal. This meta-crystal is a material in which the composition is continuous and unbroken, with no grain boundaries. The team explored crystallographic microstructures in metallic alloys. 21 JAN 2019
Along with his team, Xiaoyu ‘Rayne’ Zheng, assistant professor of mechanical engineering in the College of Engineering, and a member of the Macromolecules Innovation Institute has developed methods to 3D print piezoelectric materials that can be custom-designed to convert movement, impact, and stress from any directions to electrical energy. 21 JAN 2019
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