Press release
3D Printing Materials Market size set to Fly Massive Growth By 2028: Key Players 3D Systems Corporation, Stratasys Ltd., Evonik Industries AG, Arkema SA, Materialise NV, General Electric Company, The ExOne Company, Hoganas AB, and Royal DSM N.V. among oth
The global 3D printing material market is estimated to witness a robust growth rate of over 18% during the forecast period. The market growth is attributed to the favorable government support for research and development across sectors, significant growth in additive manufacturing, mass customization associated with 3D printing, and usage of 3D printing technology in manufacturing applications. Moreover, other factors driving the market growth include rapid industrialization in developing nations, growing demand for print advertising, and increased investments in the healthcare sector. Furthermore, the market growth is supported by the increased use of additive manufacturing to fabricate various industrial parts and items in the forthcoming years.
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The report also provides analysis of the key companies of the industry and their detailed company profiles including 3D Systems Corporation, Stratasys Ltd., Evonik Industries AG, Arkema SA, Materialise NV, General Electric Company, The ExOne Company, Hoganas AB, and Royal DSM N.V. among others.
The global 3D printing market has been analyzed on the basis of material type, form, industry, and region. Based on material type, the market is segmented into plastic, metals, and others. Among these, the plastic segment is estimated to hold a prominent share in the market. Based on form, the market is segmented into liquid, powder, and filament. Further, on the basis of industry, the market covers the analysis of aerospace & defense, automotive, industrial manufacturing, healthcare & medical, and others. Geographically, the market is analyzed into North America, Western Europe, Eastern Europe, Asia Pacific, Latin America, and Middle East & Africa. North America is estimated to hold a prominent share in the market.
Market Structure and Competition Landscape
The global 3D printing material market is consolidated in nature with the presence of a few key players holding the major share in the market. Some of the prominent players that contribute significantly to the market include 3D Systems Corporation, Stratasys Ltd., Evonik Industries AG, Arkema SA, Materialise NV, General Electric Company, The ExOne Company, Hoganas AB, and Royal DSM N.V. among others. These players adopt various strategies including acquisition, product development and innovation in order to reinforce their market share and gain a competitive edge over other competitors in the market. Some of the key developments in the global 3D printing material market include:
• In October 2021, Stratasys Ltd. acquired the remaining shares of Xaar 3D Ltd., which is expected to aid the company's growth in the sector of 3D printing materials.
• In October 2021, Evonik Industries created two new photopolymers for 3D printing, namely, INFINIUM RG 3101 L and INFINIUM FL 6300 L. This recently announced product line of synthetic resins is suitable for use in standard photopolymer 3D printing techniques such as Stereolithography (SLA) or Digital Light Processing (DLP).
Scope of the Report
- To analyze and forecast the market size of the global 3D Printing Materials market.
- To classify and forecast the global 3D Printing Materials market based on product, application, end user, region.
- To identify drivers and challenges for the global 3D Printing Materials market.
- To examine competitive developments such as mergers & acquisitions, agreements, collaborations and partnerships, etc., in the global 3D Printing Materials market.
- To identify and analyze the profile of leading players operating in the global 3D Printing Materials market.
Questions And Answers: Global 3D Printing Materials Market
Q1. What is the CAGR that the 3D Printing Materials Market is expected to register through the projected duration?
Answer: The 3D Printing Materials Market is likely to register a CAGR of 18% over the forecast period.
Q2. What categories does the Material Type terrain of 3D Printing Materials market comprise?
Answer: Segment Overview, Plastic, Polyethylene Terephthalate (PET), Polyvinyl Alcohol (PVA), High Impact Polystyrene (HIPS), Polylactic Acid (PLA), Others (Acrylonitrile Butadiene Styrene Nylon), Metals, Steel, Aluminum, Cobalt.
Q3. Which Are the Key Players in Global 3D Printing Materials Market?
Answer: 3D Systems Corporation, Stratasys Ltd., Evonik Industries AG, Arkema SA, Materialise NV, General Electric Company, The ExOne Company, Hoganas AB, and Royal DSM N.V. among others.
For More Details on This Report: https://www.marketstudyreport.com/reports/global-3d-printing-materials-market-trends-analysis-and-forecast-2019-2028
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