3D Printing Materials Market 2021 to grow in future by size, developments, trends by 2029

The Conception of 3D Printing:

The idea of 3D printing emerged in the 1980s, and since then, it has evolved tremendously. From lowering the operational cost to increasing efficiency and producing complicated parts, 3D printing has become a key focus area for researchers and inventors around the globe.

The automotive sector spends approximately 20% of its manufacturing expenditure on 3D printing technology. The sector uses several 3D printing materials, from nylon to wax, for designing and manufacturing critical parts. Design freedom is the key driver for the growth of 3D printing technology in the aerospace and defense sector. For instance, a cooling fan used in the aerospace and defense industry has more than 70 components, but 3D printing converted it into a single component that saves assembly time and cost. Reduction in the number of components has reduced supply chain efforts and cost for manufacturers.

In 1981, Hideo Kodama developed a 3D printing model during his research project in one of the institutes in Japan. Later, in 1984, stereolithography was invented and 3D printing was digitalized. During the evolution of 3D printing, materials used for printing played a key role, and the success of the 3D printing largely depends on the material used. For instance, an acrylic-based material, a photopolymer, has a key role in the success of stereolithography. Meanwhile, many of the largest manufacturing companies have invested significantly in the R&D of 3D printing technology. For instance, General Electric Company, along with CILAS, a laser manufacturer, invented a process to produce 3D printed objects.

The latest invention regarding biocompatible 3D printing materials is creating opportunities for 3D printing in the medical industry. Additive manufacturing or 3D printing is used to develop surgical cutting and drill guides, prosthetics (artificial body parts), and patient-specific replicas of bones and organs, among others. Almost 16% of 3D printing revenue comes from companies that deal with medical applications. The U.S. FDA has approved more than 20 different implants produced through additive manufacturing, ranging from the hip and knees to the spinal.

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The Major Players Covered in this Report: Arkema S.A(France) , Sandvik AB (Sweden) , Stratasys Ltd(The U.S.) , General Electric (The U.S.) , D System (The U.S.) , ExOne Company (The U.S.) , EOS GmbH Electro Optical Systems (Germany) , Materialise NV (Belgium) , Royal DSM (The Netherlands) , Höganäs AB (Sweden) ,, & More...

By Form, Powder, Filament, Liquid,
By End-Use Industry, Automotive, Aerospace & defense, Healthcare, Consumer Goods, Construction, Others,
By Type, Plastic, Metal, Ceramic, Others, By Technology, FDM, SLS, SLA, DMLS, Others,

Government Initiatives Encouraging 3D Printing Adoption in China is the second-largest market for 3D printing materials, closely followed by Japan. China is also among the fastest-growing markets for 3D printing materials on account of the increasing adoption of additive manufacturing in several end-use industries, including automotive, medical, and aerospace and defense, among others.

The Chinese government is aggressively promoting additive manufacturing and plans to invest around USD 245 million during the next five years. The government has also launched the National Additive Manufacturing Innovation Center and allocated USD 132 million for R&D applications. Recently, the government announced plans to install 3D printers in each one of the elementary schools out of approximately 400,000 over the next two years.

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Growing Domestic Demand and Expanding Pharmaceutical Sector to Drive the Demand for 3D Printing Materials in the APAC Region
Asia-Pacific region is anticipated to hold the largest market share in the global 3D Printing Materials market during the forecast period 2021-2029. The growth in this region can be attributed to the presence of emerging economies like India, China, Japan, Vietnam, and Indonesia, which account for the largest share in this region. India is one of the largest producers of 3D Printing Materials and a major exporter of the product to various countries across the globe. India accounts for around 80% of the world’s exports of 3D Printing Materials. The favorable climatic conditions and growth of agricultural inputs and allied services like cold storage and warehousing in India are prompting higher production.

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Recent Developments:
In August 2017, BASF announced the acquisition of Innofil3D, a Dutch 3D printing material manufacturer, to expand its 3D printing material business and enhance its geographical presence

In November 2017, GE Additive, a subsidiary of General Electric (GE), acquired a 3D printing simulation software provider, to accelerate its additive manufacturing business

In July 2018, Prodways Group, one of the largest players in the 3D printing industry, announced the acquisition of Solidscape Inc., a subsidiary of Stratasys, to strengthen its position in the U.S. 3D printing industry

In February 2019, Xerox announced the acquisition of Vader Systems, a U.S.-based metal additive manufacturing company, to enter the metal additive manufacturing business

In January 2019, a U.S.-based additive manufacturing start-up, to gain access to a new patented technology regarding specialty polymer for 3D printing

The report covers exhaustive analysis on:
Overview of the parent market
Global 3D Printing Materials Market Segments, Dynamics, Market Size, Share, Price, Volume, and Cost
Historical, current and projected market size in terms of volume and value
Global 3D Printing Materials Market Forecast 2021 to 2029
Supply & Demand Value Chain
Global 3D Printing Materials Market dynamics, including the current trends/drivers/threats/restraints/challenges
Potential and niche segments/regions exhibiting promising growth
Market landscape, competition, and leading companies involved
Strategies of leading companies and product offerings
Technological advancements

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