3D Printing Materials Market Value to Show $1,871 Million by 2022 : U.S to Perceive Substantial Growth During study period

3D Printing Materials Market Report, published by Allied Market Research, forecasts that the global market is expected to garner $1,871 million by 2022, registering a CAGR of 18.3% during the period 2016-2022. Polymers segment is expected to remain the highest revenue-generating segment throughout the forecast period. U.S. held the leading position in the global market in 2015, and is expected to maintain its lead throughout the study period.

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Demand for 3D printing materials has grown tremendously due to increased sales of 3D printers (especially desktop printers), and increased penetration in automotive, consumer goods, aerospace and defense, medical, industrial and other sectors. The 3D printing materials market is in the development stage. All industry players are investing heavily in strategic alliances and collaborations to find new commercial means for the product sector. Some of the key factors that drive demand for 3D printing materials include the core patent expiration of 3D printers, the availability of affordable 3D printers, ease of prototype development, and core and mold manufacturing, along with reduced complexity in product or component manufacturing.

However, factors such as toxicity to humans and animals and high material costs are expected to hamper market growth during the forecast period. Increased R & D, increased industry collaboration, and increased end-user industries will provide significant opportunities for industry players across the value chain.

In 2015, polymer was the largest material division in the world 3D printing materials market. However, during the forecast period the metal segment is expected to witness the highest CAGR of 24.4% as penetration in industries such as aerospace and defense, healthcare, industrial sectors and others increases. The demand for 3D printing materials market is expected to increase as the investment in research and development for material innovation and low-cost printer development is increasing

In 2015, the automotive industry was the leading end-user segment, accounting for about one-fifth of sales in the medical and industrial sectors. In the automotive industry, 3D printing materials are mainly used in prototype development with core and mold manufacturing.

Key Findings of the 3D Printing Materials Market

• Aerospace & defense market revenues are expected to witness highest CAGR of 19.6% during the forecast period.
• Automotive and consumer product end-user segments together accounted for 40% of the global market in 2015
• Polymers and metals segments together accounted for more than 90% market share in 2015.
• Automotive is the largest end user segment with around one-fifth market share in 2015.
• U.S. was the largest market in terms of demand for 3D printing materials in 2015.
• Powder form materials are expected to grow at a high CAGR of 19.7% during the forecast period

In 2015, North America accounted for almost half of the global demand for 3D printing material and is expected to maintain its lead position throughout the forecast period. Asia-Pacific is projected to be the fastest growing region, with a CAGR of 19.1% during the forecast period owing to the economic and industrial developments happening in the emerging economies.

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Major players in the industry are investing significantly on research and development to launch new materials for commercial applications at low cost. Key companies profiled in this report include 3D Systems Corp., Arcam AB, Arkema S.A., Royal DSM N.V., Exone GmbH, Stratasys Ltd., CRP Group, Envisiontec GmbH, EOS GmbH Electro Optical Systems, and LPW Technology Ltd.

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