3D Printing Materials Sales Is Expected To Witness Booming Growth To Surpass CAGR Of Around 26% During 2021-2031

3D printing materials market has witnessed noteworthy growth in the past few years. Rise in demand of customized products across several industries including automotive, healthcare and others have fuelled the market growth of 3D printing materials globally.

There has been immense growth in demand for 3D printing materials, especially in the health care industry where they are used for creating artificial organs such as kidney cells, human liver and other human organs for transplanting.

Furthermore, recent development in the printing material coupled with government favouring policies are anticipated to drive more demand for 3D printing materials market.

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As per the report published by Fact.MR, the global 3D printing materials market is anticipated to exceed a valuation of around US$ 1309 Mn by 2021, and is expected to expand at an impressive CAGR of around 26% over the forecast period of 2021 to 2031.

Key Market Segments Covered

Form
3D Printing Powder
3D Printing Filament
3D Printing Liquid

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Technology
Fused Filament Fabrication
Selective Laser Sintering
Stereolithographic
Direct Metal Laser Sintering
Others
Type
Plastic 3D Printing Materials
Metal 3D Printing Materials
Ceramic 3D Printing Materials
Others

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Winning Strategy

The recent technology advancement in the 3D printing material with fused filament fabrication is anticipated to grow during the forecast period, owing to expanded applications in several industries with versatile properties. Key players in the market are offering 3D printing materials with fused filament technology to target consumer goods vertical as well.

Furthermore, surge in covid-19 has hampered the market growth.

However, healthcare industry boosted the demand of 3D printing materials, owing to production of medical components.

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This release was published on openPR.