Press release
Photopolymer Market Pegged for Robust Expansion During 2024 - 2031 | Henkel AG & Co. KGaA, Arkema, Stratasys
Photopolymer Market
Global photopolymer market is estimated to be valued at USD 3.17 Bn in 2024 and is expected to reach USD 6.39 Bn by 2031, exhibiting a compound annual growth rate (CAGR) of 10.5% from 2024 to 2031.
Market Dynamics:
The global photopolymer market is expected to witness significant growth over the forecast period owing to rising adoption of 3D printing across various industries. Photopolymers are increasingly being used as resins in stereolithography due to their light responsive properties which allow for precise 3D printing. Additionally, advancements in photopolymer resins have improved print resolution and material properties. Photopolymers with enhanced strength, durability and chemical resistance characteristics are expanding their application scope in manufacturing prototypes, tooling applications and end-use parts. The growth of consumer products sector along with automotive and industrial industries is further accelerating demand for photopolymers in 3D printing applications.
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Rising adoption of 3D printing technology is a major driver for Photopolymer Market
3D printing technology or additive manufacturing has seen tremendous growth over the past decade. Photopolymer is one of the key materials used in stereolithography which is one of the major 3D printing technologies. As more organizations adopt 3D printing for rapid prototyping and low volume manufacturing, the demand for photopolymer resins compatible with stereolithography systems has also increased significantly. Industries such as automotive, aerospace, medical are increasingly using 3D printing technology for designing prototypes and manufacturing complex components. The benefits of customization, flexibility and cost savings offered by 3D printing have encouraged businesses to invest in these technologies which augments the growth of photopolymer market.
Opportunity for Developing Bio-Based and Eco-Friendly Photopolymer Formulations
With growing environmental awareness, there is a rising demand for sustainable alternatives to traditionally used petroleum-based photopolymers. Photopolymer manufacturers now have an opportunity to develop new bio-based and eco-friendly material formulations using renewable resources that are safer from a human and environmental point of view. Some key areas where innovative green photopolymer solutions can make an impact include biomedical devices, dental applications, packaged goods prototyping and bio-degradable 3D printed parts. Successful commercialization of such sustainable photopolymers can help address regulatory issues and give a competitive edge in the market.
Transition Towards Laser Sintering Technology Drives Photopolymer Powder Demand
One of the major ongoing trends in the 3D printing industry is the increasing popularity of laser sintering technology for industrial-grade manufacturing applications. Laser sintering uses photopolymer powders that are selectively fused together layer by layer using a laser beam to form solid 3D parts directly from CAD files. Compared to stereolithography, laser sintering offers benefits like high build rates, multi-material capabilities and ability to print various engineering-grade thermoplastics. Many end-use sectors are adopting laser sintering for use cases beyond prototyping like jigs and fixtures manufacturing. As a result of this transition, the demand for specialty photopolymer powders compatible with laser sintering equipment is growing at a noteworthy pace.
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Top Companies Featured in This Report:
★ Henkel AG & Co. KGaA
★ Arkema
★ Stratasys
★ BASF SE
★ Keystone Industries
★ Formlabs
★ Carbon Inc.
★ Evonik Industries AG
★ Liqcreate
★ ANYCUBIC Technology Co., Ltd.,
★ RAHN AG
★ polySpectra
★ MacDermid Graphics Solutions
★ FIP FLEXO
★ VGD BLOCKS
Market Segmentation:
By Product Type:
★ By Technology: Digital Light Processing (DLP), Stereolithography (SLA), Continuous Digital Light Processing (cDLP)
★ By Performance: Low Performance, Mid Performance, High Performance
By Applications:
★ By Application: Dental, Medical, Audiology, Jewelry, Automotive, Consumer Goods, Others
Key Regions/Countries Classified as Follows:
» North America (U.S., Canada, Mexico)
» Europe (Germany, U.K., France, Italy, Russia, Spain, Rest of Europe)
» Asia-Pacific (China, India, Japan, Singapore, Australia, New Zealand, Rest of APAC)
» South America (Brazil, Argentina, Rest of SA)
» Middle East & Africa (Turkey, Saudi Arabia, Iran, UAE, Africa, Rest of MEA)
Key Insights from the Global Photopolymer Market Analysis:
Market Size Evaluation: Assessing the value and sales volume of the Photopolymer market spanning from 2024 to 2031.
Market Trends and Dynamics: Analyzing the drivers, opportunities, challenges, and risks influencing the Photopolymer market.
Macro-economic and Regional Impacts: Exploring how global inflation and geopolitical events affect the Photopolymer market.
Segment Analysis: Examining the market value and sales volume of Photopolymer by type and application from 2024 to 2031.
Regional Market Overview: Assessing the current situations and future prospects of the Photopolymer market in different regions.
Country-level Studies: Providing insights into revenue and sales volume for major countries within each region.
The report also delves into the competitive landscape, key players, trade patterns, industry value chain, recent news, policies, and regulations. Should you have any inquiries or require customization options, please don't hesitate to contact us.
In summary, whether you're engaged in manufacturing, distribution, or investment within the Photopolymer sector, this report furnishes invaluable insights into market segments, drivers, challenges, investment prospects, regional dynamics, major players, growth strategies, prevailing trends, and hurdles influencing the industry's expansion.
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Author Bio:
Money Singh is a seasoned content writer with over four years of experience in the market research sector. Her expertise spans various industries, including food and beverages, biotechnology, chemical and materials, defense and aerospace, consumer goods, etc. (https://www.linkedin.com/in/money-singh-590844163)
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