Press release
3D Printing Materials Market Size, Scope Analysis, Key Insights, Leading Key Players, And Forecast To 2033
3D Printing Materials Market
The 3d printing materials market size is expected to see exponential growth in the next few years. It will grow to $6.13 billion in 2028 at a compound annual growth rate (CAGR) of 23.8%. The growth in the forecast period can be attributed to industry 4.0 integration, aerospace and defense expansion, rising infrastructure and construction, energy sector adoption, rising demand for mass customization. Major trends in the forecast period include advanced composite materials, biodegradable materials, bioinks for bioprinting, integration of electronic components, smart materials.
Market Overview -
3D printing materials refers to a type of 3D printing substance that uses additive manufacturing to create 3D models, products, and products of devices and components. 3D printing materials are used in the 3D printing process to create prototypes and parts of plastic and glass.
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Automotive Demand Fueling The 3D Printing Materials Market
The rising demand for 3D printing materials in the automotive industry is expected to propel the growth of the 3D printing materials market in the forecast period. 3D printing technology has enabled amazing breakthroughs in the automotive sector, starting from the ability to produce rapid prototypes to the widespread fabrication of final car parts and, finally, the 3D manufacturing of practically entire automobiles. The automotive industry has accepted 3D printing and is increasingly utilizing its capabilities regularly. For instance, according to Machine Design, a US-based trade journal the automotive sector is expected to spend roughly $530 million on 3D printing materials by 2021. Therefore, the increasing demand for 3D printing materials in the automotive industry drives the growth of the 3D printing materials market.
Competitive Landscape -
Major companies operating in the 3d printing materials market include Stratasys Ltd., 3D Systems Corp, Arcam AB, Exone GmbH, Koninklijke DSM NV, Cita Rasa Prima Group, Envisiontec GmbH, EOS GmbH Electro Optical Systems, Materialise NV, Höganäs Stenkolsverk, LPW Technology Ltd., General Electric Company, Advanced Powders and Coatings INC., Formlabs Inc., Toner Plastic, Taulman 3D, Dutch Filaments BV, Arkema SA, Evonik Industries AG, Badische Anilin- und Sodafabrik, Henkel AG & Co KGaA, Solvay SA, Sandvik AB, Saudi Basic Industries Corporation, De Nederlandse Staatsmijnen, Covestro AG, Dow Inc., LG Chem Ltd., Kuraray Co Ltd., ColorFabb BV
Desktop Metal Launches Ti64 Material In 3D Printing Materials Market
The growing technological advancements are gaining significant popularity in the 3D printing materials market. Major companies operating in the 3D printing materials sector are focused on developing new technologies to enhance design capabilities and improve the user experience. For instance, in August 2021, Desktop Metal, a US-based manufacturer of 3D printing systems launched Ti-6AI-4V titanium alloy (Ti64). Ti-6AI-4V titanium alloy (Ti64) is a 3D printing material designed for Studio System 2 metal 3D printer. This consists of combination of high strength, low density, corrosion resistance, ability to withstand temperatures of nearly 800°C and general biocompatibility. Ti-6AI-4V titanium alloy (Ti64) allows users to create titanium parts with complex features.
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Key Segments -
The 3d printing materials market covered in this report is segmented -
1) By Type: Polymers, Metal, Ceramic, Other Types
2) By Technology: Fused Deposition Modeling (FDM), Selective Laser Sintering (SLS), Stereolithography (SLA), Direct Metal Laser Sintering (DMLS), Other Technologies
3) By Form: Powder, Filament, Liquid
4) By End-Use Industry: Automotive, Healthcare, Aerospace And Defense, Consumer Goods, Construction, Other End-Users
Key highlights covered in the report -
1. Detailed market size forecast and historical data analysis
2. Key drivers influencing market growth
3. Identification of upcoming trends and potential opportunities in the market
4. Analysis of major players strategies, to understand competitive dynamics and market positioning
5. Evaluation of regional dynamics
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