Press release
+17% CAGR Growth to be achieved by 3D Printing Materials Market Forecast 2016-2022 According to new research
Global 3D Printing Materials Market is projected to grow at a CAGR of +17% 3D printing is a disruptive and revolutionary technology with significant potential to alter manufacturing, business, and society. 3D printing technology is the bridge between digital and physical disruption. It has the ability to turn digital files into physical objects, which allow people to design, scan, share, and send digital representations of physical objects anywhere to print 3D objects.The global 3D printing materials market is estimated to reach $1.52 billion by 2022 A rapid growth in 3D printing industry and growing demand of 3D printing technology from end-use industries such as automotive, aerospace & defense, healthcare and consumer sector are some of the reasons responsible for the growth of this market. However, the market consists of certain constraints such as lack of awareness, high cost and compatibility of 3D printing materials, and lack of channel partner assistance which are hampering its overall growth.
The report has been further classified into various 3D printing technology namely – Material Extrusion (FDM/FFF), Light polymerized (SLA, DLP, PJP) and Powder bed Fusion (DMLS, EBM, SLS, SLM), in which Material Extrusion holds the largest share and Powder bed Fusion is expected to grow extensively. The revenue generated from various application area namely – automotive, aerospace & defense, healthcare, fashion & aesthetics and consumer sector among others, have been analyzed.
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This report covers the global 3D printing materials market, and consequently provides the revenue of the key regions – North America, Europe, Asia-Pacific (APAC) and Rest of the World (RoW). North America is the largest contributor in the overall revenue generation in 3D printing materials market, followed by the European region, and is expected to grow at a CAGR of 16.9%, from 2016 to 2022. While the APAC region is expected to capture the larger market share at a high growth rate by 2022 because of lager consumer base, growing R&D investments and government funding towards 3D printing.
Some of the key market players in the industry are: Stratasys, Ltd., 3D Systems, Arcam AB, Sandvik AB, Hoganas AB, DSM N.V., Arkema and Shenzhen Esun Industrial Co. Ltd. These companies are aiming for more product launches, partnerships and mergers & acquisitions to expand their operations and to establish themselves in the market.
The report is a compilation of different segments of Global 3D printing materials market including market breakdown by 3DP materials, forms, technologies, applications and different geographical areas. The revenue generated from 3D printing materials in the market has been tracked to calculate the market size. Under this section, the materials by form (filaments, powder and liquid) and the materials by industrial vertical and its application areas which are shaping the market have also been explained.
While highlighting the key driving and restraining forces for this market, the report also provides a detailed explanation of the materials and technologies used in 3D printing and application areas of this market. It also analyzes the key players involved in the industry.
The report answers the following questions about the Global 3D printing materials market:
• What are the dominant materials and technologies used in 3D printing materials market?
• What are the materials used for 3D printing?
• What are the forms of materials used for 3D printing?
• What are the technologies used for 3D printing?
• What are the different application areas of 3D printing materials market?
• Which are the most sought-after materials and technologies in 3D printing?
• What is the revenue generated by different segments such as 3DP materials, forms, technologies, applications and geographies of 3D printing materials market?
• What are the different factors driving the market in the forecast period?
• What are the major factors challenging the growth of 3D printing materials market?
• What kind of new strategies are being adopted by existing market players to make a mark in the industry?
• Which region will lead the Global 3D printing materials market by the end of forecast period?
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