Press release
3D Printing Materials Market Trends By 2020 | Top key Players - Hoganas, Concept Laser GmbH, D Systems, Inc., Arkema S.A., Arcam AB, Solidscape, EOS GmbH Electro Optical Systems
3D Printing Materials Market
3D printing materials offer various advantages, such as high-speed precision, smooth surface finish, and design freedom, and hence are gaining massive popularity. Robust growth indicators in defense and aerospace industry across the globe will provide impetus to 3D printing materials industry growth over the coming years. In 2016, North America 3D printing materials industry generated a revenue of more than USD 200 million, accounting for around 35% of the global share. Such massive expansion of the regional market is the result of the flourishing aerospace and defense industry, supported by governments through huge capital investment.
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Top key Players - Hoganas, Concept Laser GmbH, D Systems, Inc., Arkema S.A., Arcam AB, Solidscape, EOS GmbH Electro Optical Systems, ExOne, Voxeljet AG, Royal DSM N.V, Envisiontec, LPW Technology Ltd., SLM Solutions, Stratasys, Ltd., Optomec.
Driven by positive application outlook across various end-user industries, including automotive, medical, industrial, education, aerospace, and electronics & consumer products, global 3D printing materials market is projected to gain remarkable traction over 2016-2024.
Education sector to offer sustained earning opportunities
Education sector is one of the leading contributors to global 3D printing materials market growth. Widespread usage of 3D printed models, figures in school, colleges, and universities is set to be a major enabler for industry expansion. Moreover, rising demand for desktop and professional 3D printers in educational institutes and offices may also result in product penetration in the forthcoming years.
Key Point Of TOC:
Chapter 8. Company Profiles
8.1. Hoganas
8.1.1. Business overview
8.1.2. Financial data
8.1.3. Product landscape
8.1.4. Strategic outlook
8.2. Concept Laser GmbH
8.2.1. Business overview
8.2.2. Financial data
8.2.3. Product landscape
8.2.4. Strategic outlook
8.3. 3D Systems, Inc.
8.3.1. Business overview
8.3.2. Financial data
8.3.3. Product landscape
8.3.4. Strategic outlook
8.4. Arkema S.A.
8.4.1. Business overview
8.4.2. Financial data
8.4.3. Product landscape
8.4.4. Strategic outlook
8.5. Arcam AB
8.5.1. Business overview
8.5.2. Financial data
8.5.3. Product landscape
8.5.4. Strategic outlook
Continue...
Rising electronics and automobiles sales to bolster 3D printing materials demand
Rising per capita income of consumers across the globe has enabled them to splurge on electronic gadgets and appliances. Such mounting demand for electronics goods will positively impact 3D printing materials industry growth. In 2016, the electronics & consumer goods segment emerged to be the largest end-user in 3D printing materials industry, accounting for around 20% of the global business.
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Apart from electronics and consumer products, the automobile sector is also likely to emerge as a lucrative avenue for 3D printing materials market and is set to grow at a CAGR of 16% over the analysis period. Asia Pacific 3D printing materials industry will witness maximum gains over the forthcoming years. Particularly in Indonesia, China, Japan, and India, where impressive technological advancements in the automobile industry will bolster product demand through 2024.
Significant application scope in the medical industry is estimated to foster industry expansion
The medical industry has evolved as one of the prominent end-users of 3D printing materials over the past few years.
3D printing has immense scope of application in the industry, such as designing and production of organs, including liver and heart, as well as human tissue fabrication. Moreover, 3D printing materials are utilized for manufacturing of dental crowns used in dental treatments. Growing health awareness among consumers is influencing medical industry growth, which, in turn, will favor 3D printing materials business growth.
High costs related to 3D manufacturing to offset 3D printed materials industry growth
3D printed products require special preparation techniques and expensive machinery for additive fabrication. This pitches up the overall production cost and can hamper 3D printing materials industry growth over the projected timeline.
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