Market Research Future has published a Half-Cooked Research Report on the 3D Printing Materials Market Research Report – Global Forecast till 2025
Market Analysis:
The Global 3D Printing Material Market is predicted to touch USD 5.49 billion at a 22.1% CAGR between 2018-2023, reveals the latest Market Research Future (MRFR) Report. 3D Printing Materials are used for manufacturing 3-dimensional objects where consecutive layers of materials are formed for creating another object. Wax, plastics, ceramics, and metals are some of the most common forms of 3D Printing Materials used. It has an extensive range of applications in various sectors, including medical, aerospace, consumer products, automotive, and electronics industries.
Various factors are propelling the 3D Printing Materials Market Growth. These factors, as stated by the latest Market Research Future (MRFR) report, include innovation in the latest technologies and materials, increasing acceptance of 3D printing in product designing, prototyping, concept modeling, and final product manufacturing, decreasing price of 3D printing material, and availability of low-cost devices. Additional factors pushing market growth include increasing use of 3D printing devices, growing investment in research and development, and burgeoning demand from the automotive, healthcare, and aerospace & defense industries.
On the flip side, environmental concerns of the use of plastics may hamper the 3D Printing Materials Market growth over the forecast period.
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Key Players:
Major Players Profiled in the 3D Printing Materials Market Report include Stratasys, Ltd (Israel), EOS GmbH Electro Optical Systems (Germany), Höganäs AB (Sweden), Evonik Industries AG (Germany), Sandvik AB (Sweden), Materialise NV (Belgium), General Electric (US), The Exone Company (US), Royal Dsm NV (The Netherlands), Arkema SA (France), and 3D Systems Corporation (US). Key players have used varied strategies to create a niche in the market, such as collaborations, expansions, joint ventures/partnerships, research and development activities, mergers and acquisitions, product launches and innovations, and more to stay ahead in the competition.
Industry News:
October 2019: Researchers at the GUT (Gdansk University of Technology) have come up with a new 3D printing material that is made from amber 3D Daylight Hard resin and diamond nanoparticles.
Market Segmentation:
The MRFR Report provides an all-inclusive segmental analysis of the 3D Printing Materials Market on the basis of End Use Industry and Material Type.
Based on Material Type, the 3D Printing Materials Market is segmented into ceramic, plastic, and metal. Of these, the plastic segment will have the largest share in the market over the forecast period.
Based on End Use Industry, the 3D Printing Materials Market is segmented into construction, consumer goods, medical, aerospace and defense, automotive, and others. Of these, the aerospace and defense segment will dominate the market over the forecast period followed by the medical segment, which is predicted to grow at the fastest pace.
Regional Analysis:
By Region, the 3D Printing Materials Market Report covers the latest trends and growth opportunities across North America, Europe, Latin America, the Middle East and Africa, and the Asia Pacific. Of these, the 3D Printing Materials Market in North America is predicted to have the lion’s share in the market over the forecast period. This is owing to the increasing application of 3D Printing Materials in the aerospace industry and the presence of flourishing healthcare industry. The US is the chief contributor in this region.
The 3D Printing Materials Market in the APAC region is predicted to grow at the fastest pace over the forecast period. Factors aiding the growth of the 3D Printing Materials Market in the region include rapid innovation and development of 3D Printing Materials and increasing need for higher customization in manufacturing, medical, consumer, aerospace, and automotive industries.
The 3D Printing Materials Market in Europe is predicted to have a notable growth over the forecast period owing to the increasing demand for better passenger car designs and the presence of key automotive manufacturers.
The 3D Printing Materials Market in Latin America is predicted to have a healthy growth over the forecast period as this region is the largest exporter and producer of aerospace components, consumer goods, automotive parts, and electronics. Brazil and Mexico are the chief contributors in this region.
The 3D Printing Materials Market in the MEA is predicted to have a stable growth over the forecast period.
Browse Key Industry Insights spread across 115 pages with 35 market data tables & 19 figures & charts from the report, “3D Printing Material Market: Information By Material Type (Metal, Plastic, and Ceramic), End-Use Industry (Automotive, Aerospace & Defense, Medical, Consumer Goods, Construction, and Others) and Region – Growth Potential, Price Trends, Competitive Market Share & Forecast 2025” in detail along with the table of contents: https://www.marketresearchfuture.com/reports/3d-printing-material-market-1912
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