3D Printing Materials Market Size to Record 18% CAGR Through 2028

Market Study Report has recently added a report on 3D Printing Materials Market which provides a succinct analysis of the market size, revenue forecast, and the regional landscape of this industry. The report also highlights the major challenges and current growth strategies adopted by the prominent companies that are a part of the dynamic competitive spectrum of this business sphere.

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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.

The global 3D printing material market size 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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Market Segmentation

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.

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).

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.

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, among others are the leading players in worldwide 3D Printing Materials Market.

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