Global 3D Printing Material Market is Expected to Grow at a CAGR of 19% by 2022

Posted on 2017-07-14 by WiseGuy Research in Transportation & Logistics // 0 Comments

Pune, India, 2017-Jul-14 — /EPR Network/ — Market Highlights: 3D printing is a revolutionary technology with substantial potential to modify manufacturing business and society. It is the bridge between digital and physical disruption. 3D printing has evolved a lot from the basic initial production of simple plastic prototypes to the fully functional components. Technological advancements in the form of exhaustive variety of 3D printing material and high speed of manufacturing fuel the demand for such market. The market is highly application driven and is used across end-use industries such as automotive, defense, healthcare and consumer sector and few more, which augments the growth of this market. A few constraints associated with this market include lack of awareness, lack of channel partner assistance and high cost and compatibility of 3D printing materials. The global 3D printing material industry is estimated to grow up to USD 1,500 million by 2022 and attain a CAGR of approx. 19% by the end of the forecasted period.

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Key Players of 3D Printing Material Market:

Sandvik AB
Höganäs AB
Solvay S.A.
EOS GmbH
Arcam AB Inc.
3D Systems Corporation
Royal DSM N.V.
Arkema S.A. Inc.
ExOne GmbH Inc.
Stratasys Ltd. Inc.

Market Research Analysis:

Increased demand of detailed products with texture is expected to record a huge growth in global 3D printing material market. 3D printing materials are used in multiple sectors such as automotive, aerospace, consumer products, electronics and many more. A major driver of demand of this market is plastic, which is expected to sustain in future. Their property of getting molded in variety of products and sustaining stress is helping them to grow. Difficult manufacturing methods and high pricing act as restraints for global 3D printing market demand.

Increasing demand by many industries will lead to growth in this sector. Healthcare industry is expected to lead the market by the end of the forecasted period due to the wide application in healthcare sector. It is used to manufacture products like surgical equipment, orthopedic, dental, implants and tissue engineering products. On the basis of material, metal accounts for the largest share in the market due to its strength and durability. This makes it a preferred material i9n industries such as automotive and aerospace & defense. Development of new materials in this technology is expected to have a huge impact on quality of the end product as a new market trend will be established and there will be a positive influence on pricing of used materials.

Scope of the Report:

This study provides an overview of the global 3D printing material industry, tracking two market segments across four geographic regions. The report studies key players, providing a five-year annual trend analysis that highlights market size, volume and share for North America, Europe, Asia Pacific, and Rest of the World. The report also provides a forecast, focusing on the market opportunities for the next five years for each region. The scope of the study segments the global 3D printing material market as material, and application. On the basis of material it is segmented as metals, plastics, ceramics and others. On the basis of application it is segmented as automotive, health care, aerospace and defense, consumer goods and others.

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