3D Printing Materials Market worth $1,871 Million, by 2022 : Metals segment is expected to generate highest CAGR during the forecast period

"There is strong evidence that the year 3D print industry has taken off in the last year. The revolution is still in its infancy. Today's market value is only about 0.04% of the global manufacturing value added of $ 13 trillion in 2015. Among the fastest growing manufacturing technologies, 3D printing is particularly dominated by the four largest industrial markets for aerospace, automotive, medical and product prototyping. This market was an early adopter of 3D printing, accounting for more than 50% of today's 3D printing industry value. The industrial market is the most attractive with the use of large-scale high-value printing equipment and consuming most of the high-performance raw materials."

The demand for 3D printing materials has witnessed tremendous growth, driven by the growth in sales of 3D printers (especially desktop printers), increased penetration in automotive, consumer products, aerospace and defense, healthcare, industrial sector, and others. 3D printing material market is in its development stage. All the industry players are investing immensely to find new commercial avenues for their product segments via strategic partnership and collaborations. Some of the major factors that drive the demand for 3D printing material includes expiration of key patents for 3D printers, availability of cheaper 3D printers, ease in prototype development, core and mold manufacturing, along with reduced complexities in manufacturing products or parts. However, factors such as toxicity to human beings and flora and fauna coupled with high cost of materials are expected to hamper the market growth during the forecast period. Growth in research and development, increasing industry collaboration, and increase in number of end-user industry will provide significant opportunities to the industry players across the value chain.

Send Enquiry on this report @ https://www.alliedmarketresearch.com/purchase-enquiry/193

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.

In 2015, Polymers was the largest material segment in the global 3D printing materials market. However, metals segment is expected to witness highest CAGR of 24.4% during the forecast period owing to growing penetration in industries such as aerospace and defense, healthcare, industrial sector, and others. Growth in investment towards research and development, towards material innovation and development of low cost printers is expected to fuel the demand phase of the 3D printing materials market

In 2015, automotive was the leading end-user segment with around one-fifth revenue share followed by healthcare and industrial sector. In automotive industry 3D printing material is primarily used for prototype development along 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.

For More Info Visit @ https://www.alliedmarketresearch.com/press-release/3d-printing-material-market.html

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.

About us

Allied Market Research, a market research and advisory company of Allied Analytics LLP, provides business insights and market research reports to large as well as small & medium enterprises. The company assists its clients to strategize business policies and achieve sustainable growth in their respective market domain.

Allied Market Research provides one stop solution from the beginning of data collection to investment advice. The analysts at Allied Market Research dig out factors that help clients to understand the significance and impact of market dynamics. The company amplies client’s insight on the factors, such as strategies, future estimations, growth or fall forecasting, opportunity analysis, and consumer surveys among others. As follows, the company offers consistent business intelligent support to aid the clients to turn into prominent business firm.

Contact:

David Correa
5933 NE Win Sivers Drive
#205, Portland, OR 97220
United States
Toll Free (USA/Canada):
+1-800-792-5285, +1-503-894-6022, +1-503-446-1141
UK: +44-845-528-1300
Hong Kong: +852-301-84916
India (Pune): +91-20-66346060
Fax: +1(855)550-5975
help@alliedmarketresearch.com
Web: https://www.alliedmarketresearch.com

This release was published on openPR.