3D Printing Materials and Services Market is projected to grow at a CAGR of 40.24% over the forecast period (2018-2023)| Dominant Vendors - ENVISIONTEC GMBH, STRATASYS LTD., ARKEMA S.A., ROYAL DSM N.V., ARCAM AB, 3D SYSTEMS GROUP, CRP GROUP, LPW TECHNOLOG

Market Analysis:

North America to Dominate the Market
Regionally, the US is the biggest market for 3D printing technology in the world. Germany contributes to approximately 33% of the total European market. Analyses indicate that China shall become the fastest growing 3D printing market in the world.

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This technology has been used by companies for prototyping purposes for decades and is slowly being integrated into final products. 3D printing materials come in varieties like plastic, metal, ceramic etc. to offer raw material solutions to various industries like automotive, aerospace, defense and others. The 3D printing materials and services market is driven by the growth of the 3D printing market and a vast array of upcoming applications. Recent technological advancements have brought down the cost of getting objects 3D printed while increasing the speed of the process. Considerable support is also being seen from some governments to promote R&D of the technology.

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Market Segments:
3D Printing Materials and Services Market is segmented by:
1. Type: Plastics, Metals, Ceramics, Others
2. Application: Automotive, Consumer Goods, Medical, Aeroscpace and Defence, Others
3. Form: Liquid, Filament, Powder
4. Geography: North America, South America, Europe, Asia Pacific, Middle East & Africa

Application in the automotive sector is growing due to the introduction of 3D printed technology in manufacturing hybrid vehicles. Consumer goods like electronics and home appliances are high-potential sectors, as the cost of producing finished products go down.

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