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3D Printing Materials Market Set for Rapid Growth Forecast 2019-2026 | Key Players: American Elements, Covestro, Höganäs AB, GE Additive, EOS, Materialise, Stratasys, Solvay, BASF, Evonik, ExOne, etc
3D Printing Materials Market
COVID-19 Impact Analysis:
The emergence of COVID-19 has brought the world to a standstill. We understand that this health crisis has brought an unprecedented impact on businesses across industries. However, this too shall pass. Rising support from governments and several companies can help in the fight against this highly contagious disease. Some industries are struggling and some are thriving. Overall, almost every sector is anticipated to be impacted by the pandemic.
We are making continuous efforts to help your business sustain and grow during COVID-19 pandemics. Based on our experience and expertise, we will offer you an impact analysis of coronavirus outbreak across industries to help you prepare for the future.
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List of Companies Profiled in the 3D Printing Materials Market Report:
• American Elements
• Covestro AG
• Höganäs AB
• GE Additive
• Royal DSM N.V.
• EOS GmbH
• Materialise NV
• Stratasys Ltd.
• Solvay
• BASF SE
• Evonik Industries AG
• ExOne
• Arkema
• 3D Systems, Inc.
Industry Developments:
September 2019: US-based 3D Systems released the Figure 4 PRO BLK 10 material for its Figure 4 digital production systems. The product is the company’s maiden thermoplastics-based photopolymer, designed for durable, strong, and precise injection molded components.
May 2019: Solvay, the Belgian chemical major, entered into an agreement with the Israeli 3D printer manufacturer, Stratasys, to collaboratively develop high-performance additive manufacturing filaments to be deployed in FDM® F900® 3D Printers of Stratasys. These materials will be designed to meet the requirements in the aerospace industry.
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Market Driver
Rising Applicability of 3D Printing in Healthcare to Stoke Market Growth
The 3D printing materials market growth is slated to get augmented in the coming years owing to the widening applicability of additive manufacturing techniques in the healthcare sector. Recent breakthroughs in this sector using 3D printing are a testament to its vast potential. For example, in 2019, TU Wien, a renowned Austrian university, developed a unique bio-ink to embed cells in a 3D matrix using 3D printing materials. These embedded cells are expected to enable controlled investigation of cell behavior and tissue growth. Another milestone was reached January 2020, when researchers at the Northwestern University Feinberg School of Medicine located the structural proteins in swine ovaries. This finding can empower medical professionals to create artificial ovaries in humans using 3D printing materials and processes. Thus, this technology offers promising prospects for the healthcare industry and help breach new frontiers of medical research.
Regional Analysis
Strong Funding for Industrial R&D to Propel the Market in North America
North America is anticipated to dominate the 3D printing materials market share during the forecast period in terms of revenue and size. In 2018, the region’s market size was at USD 0.58 billion owing to the surging demand for 3D printing in the aerospace, defence, and medical industries. This demand is rooted in the fact that this technology is both energy-efficient and cost-effective. In Europe, additive manufacturing is being heavily employed to produce implants and prosthetics for the healthcare sector. On the other hand, the market in Asia-Pacific is expected to grow at an impressive rate on account of wide usage of 3D printing materials in various end-user industries, including automotive, healthcare, and military.
Browse Summary of This Research Report with Detailed Table of Content: https://www.fortunebusinessinsights.com/3d-printing-material-market-102296
Competitive Landscape
Strategic Launch of Advanced Products to Intensify Market Competition
Development and launch of advanced additive solutions and materials is rapidly emerging as the dominant strategy among players in this market. Apart from this, companies are collaborating with each other expand their innovation capabilities and deepen their foothold in the market.
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