The new report by Expert Market Research titled, ‘Global 3D Printing Materials Market Report and Forecast 2021-2026’, gives an in-depth analysis of the global 3D printing materials market, assessing the market based on its segments like type, form, end-user, applications and major regions. The report tracks the latest trends in the industry and studies their impact on the overall market. It also assesses the market dynamics, covering the key demand and price indicators, along with analysing the market based on the SWOT and Porter’s Five Forces models.
The key highlights of the report include:
Market Overview (2017-2027)
• Forecast CAGR (2022-2027): 23.1%
The 3D Printing market is being driven by the thriving automotive sector. In automotive applications, OEMs are embracing 3D printing due to its cost-effectiveness, less manufacturing time, and minimal material wastage. 3D printing materials are extensively used for quick prototyping and creating scaled models for testing. Major manufacturers like Volkswagen are now employing 3D printing technology to manufacture crucial automotive components. Therefore, 3D printing materials are becoming necessary in the automotive sector. Meanwhile, the rising application of the product in the aerospace and defence sector to allow more production feasibility to create quality machine parts at lower costs is providing an impetus to the market. Nowadays, many airplane parts such as jigs, wing and engine parts, are made using 3D printing materials, like metals. Furthermore, the rising investments from key players towards enhancing the 3D printing technology is expected to aid the market growth in the forecast period. In post-COVID days, as the various sectors recover from the negative impacts of the pandemic, the product is likely to witness a rise in demand.
Industry Definition and Major Segments
3D printing materials refer to materials that are extruded from a robotically controlled syringe in a computer-controlled device to fabricate three-dimensional objects. Furthermore, the materials are layered to allow for the manufacturing and prototyping of products with a wide range of shapes, sizes, and strengths.
Read Full Report with Table of Contents: https://www.expertmarketresearch.com/reports/3d-printing-materials-market
The 3D printing materials market, on the basis of type, can be segmented into:
On the basis of form, the market can be categorised into:
Based on end-users, the market can be categorised into:
• Aerospace and Defence
• Consumer Products
• Education and Research
On the basis of application, the market can be categorised into:
The regional markets for 3D printing materials include:
• North America
• Asia Pacific
• Latin America
• Middle East and Africa
Among these, North America represents a significant share of the 3D Printing Materials market.
The rising prevalence of chronic diseases across the world is likely to aid the market growth owing to the increased demand for 3D printing materials to provide precision and patient-oriented medicine and treatment. 3D printing technology is expected to be extensively used for applications ranging from 3D-printed vasculature and bioreactors to surgical planning models, as well as the utilisation of 3D printed surgical equipment and techniques to improve the clinical experience during surgery. Furthermore, the growing incidences of infectious diseases is expected to further enhance the product demand. The rapid technological advancements and increasing investments by the key players to develop innovative solutions with the latest features are anticipated to significantly contribute to the market growth.
Key Market Players
The major players in the market are 3D Systems Corporation, Evonik Industries AG , The ExOne Co., EOS GmbH, BASF SE, among others. The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of these market players.
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