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Market Overview:
The global 3D
printing materials market size is predicted to reach USD 3.78 billion by
2026, exhibiting a CAGR of 12.1% during the forecast period. The
increasing application of 3D printing in various end-user industries such as
aerospace, automotive, military, and healthcare will have a positive impact on
the 3D printing materials market revenue during the forecast period. Moreover,
one of the major 3D printing materials market trends include the increasing
knowledge of 3D printing as a faster manufacturing process than conventional
manufacturing processes such as injection molding, and subtractive production.
As per the published report by Fortune Business Insights, titled “3D
Printing Materials Market Size, Share & Industry Analysis, By Type
(Plastics, Metals, Ceramics, and Others), By End-Users (Automotive, Aerospace
& Defense, Industrial, Medical, and Others), and Regional Forecast,
2019-2026” the market size stood at USD 1.53 billion in 2018. The 3D
printing materials market report focuses and elaborates the definition, types,
applications and major players in detail. Deep analysis about 3D printing
materials market outlook, competition pattern, enterprise, advantages and
disadvantages of enterprise products, industry development trends, regional
industrial layout characteristics and macroeconomic policies, industrial policy
has also been studied and provided within the synopsis. From raw materials to
downstream buyers of this industry has been analyzed scientifically, the
feature of product circulation and sales channel is presented as well. This
report is aimed at helping companies, investors and potential shareholders
along with venture capitalists establish a bird’s eye view prospect of
industrial development and characteristics of the market. The report also
benefits its readers by providing the unrivalled data in well-organized manner.
Market Driver:
Growing Adoption of 3D Printing Technology to Spur Opportunities
The rising shift from conventional printing to 3D printing technology
will bolster healthy growth of the market in the foreseeable future. 3D
printing offers properties including, reduced waste, complexity in designs,
cost-effectiveness, and improved design modification. Moreover, the increasing
awareness regarding the proven benefits of 3D printing has attracted
manufacturers from various sectors. Food, footwear, music, jewelry, and medical
sectors are implementing the technology for the manufacturing and development
of new products at lower cost. This, factor uplift the 3D printing materials
market share in the forthcoming years. In addition, the growing utilization of
3D printed parts in aerospace, automotive, and military applications will
enable speedy growth of the market during the forecast period. Nonetheless, 3D
printing enables designers to create complex parts at low cost along with
production feasibility. For instance, components created from titanium in
aerospace industry are usually 3D printed as it offers high dimensional
accuracy, and great mechanical properties.
Regional Analysis:
Booming Aviation Industry to Propel Growth in North America
The market in North America generated a revenue of USD 0.58 billion in
2018 and is predicted to witness high growth during the forecast period owing
to the rising demand from aerospace, military, and medical industry. The
burgeoning aviation industry will create growth opportunities for the market in
the region in the forthcoming years. The growing requirement for aircrafts and
stellar demand for metal in the defense will boost the market in North America.
Europe is predicted to grow rapidly during the forecast period owing to the
increasing adoption of 3D printing technology in healthcare. 3D printing is
extensively used to manufacture implants and prosthetics at a very low cost.
Thus, the rising demand for 3D printing technology in various sectors will
contribute positively to the growth of the market in Europe.
Key Development:
November 2019: The acquisition of Sculpteo by BASF, a German chemical company and the
second largest chemical producer in the world. BASF aims to enhance its
position in the 3D printing industry and expand its sales channel with the new
development.
Source: https://www.fortunebusinessinsights.com/3d-printing-material-market-102296
The Report Lists the Key Companies in the 3D Printing
Materials Market:
Market Overview:
The global 3D
printing materials market size is predicted to reach USD 3.78 billion by
2026, exhibiting a CAGR of 12.1% during the forecast period. The
increasing application of 3D printing in various end-user industries such as
aerospace, automotive, military, and healthcare will have a positive impact on
the 3D printing materials market revenue during the forecast period. Moreover,
one of the major 3D printing materials market trends include the increasing
knowledge of 3D printing as a faster manufacturing process than conventional
manufacturing processes such as injection molding, and subtractive production.
As per the published report by Fortune Business Insights, titled “3D
Printing Materials Market Size, Share & Industry Analysis, By Type
(Plastics, Metals, Ceramics, and Others), By End-Users (Automotive, Aerospace
& Defense, Industrial, Medical, and Others), and Regional Forecast,
2019-2026” the market size stood at USD 1.53 billion in 2018. The 3D
printing materials market report focuses and elaborates the definition, types,
applications and major players in detail. Deep analysis about 3D printing
materials market outlook, competition pattern, enterprise, advantages and
disadvantages of enterprise products, industry development trends, regional
industrial layout characteristics and macroeconomic policies, industrial policy
has also been studied and provided within the synopsis. From raw materials to
downstream buyers of this industry has been analyzed scientifically, the
feature of product circulation and sales channel is presented as well. This
report is aimed at helping companies, investors and potential shareholders
along with venture capitalists establish a bird’s eye view prospect of
industrial development and characteristics of the market. The report also
benefits its readers by providing the unrivalled data in well-organized manner.
Market Driver:
Growing Adoption of 3D Printing Technology to Spur Opportunities
The rising shift from conventional printing to 3D printing technology
will bolster healthy growth of the market in the foreseeable future. 3D
printing offers properties including, reduced waste, complexity in designs,
cost-effectiveness, and improved design modification. Moreover, the increasing
awareness regarding the proven benefits of 3D printing has attracted
manufacturers from various sectors. Food, footwear, music, jewelry, and medical
sectors are implementing the technology for the manufacturing and development
of new products at lower cost. This, factor uplift the 3D printing materials
market share in the forthcoming years. In addition, the growing utilization of
3D printed parts in aerospace, automotive, and military applications will
enable speedy growth of the market during the forecast period. Nonetheless, 3D
printing enables designers to create complex parts at low cost along with
production feasibility. For instance, components created from titanium in
aerospace industry are usually 3D printed as it offers high dimensional
accuracy, and great mechanical properties.
Regional Analysis:
Booming Aviation Industry to Propel Growth in North America
The market in North America generated a revenue of USD 0.58 billion in
2018 and is predicted to witness high growth during the forecast period owing
to the rising demand from aerospace, military, and medical industry. The
burgeoning aviation industry will create growth opportunities for the market in
the region in the forthcoming years. The growing requirement for aircrafts and
stellar demand for metal in the defense will boost the market in North America.
Europe is predicted to grow rapidly during the forecast period owing to the
increasing adoption of 3D printing technology in healthcare. 3D printing is
extensively used to manufacture implants and prosthetics at a very low cost.
Thus, the rising demand for 3D printing technology in various sectors will
contribute positively to the growth of the market in Europe.
Key Development:
November 2019: The acquisition of Sculpteo by BASF, a German chemical company and the
second largest chemical producer in the world. BASF aims to enhance its
position in the 3D printing industry and expand its sales channel with the new
development.
Source: https://www.fortunebusinessinsights.com/3d-printing-material-market-102296
The Report Lists the Key Companies in the 3D Printing
Materials Market:
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