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3D Printing Material Market | CMI PR

3D Printing Material Market, By Product Type (Ceramics, Plastics, Metals, Others), By Application (Electronics & Consumer Products, Automotive, Medical, Others), and By Region (North America, Europe, Asia Pacific, Rest of the World) - Size, Share, Outlook, and Opportunity Analysis, 2020 - 2027

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3D Printing Material Market | CMI PR

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  1. Coherent Market Insights Market Research and Business Consulting Services https://www.coherentmarketinsights.com/ 3D PRINTING MATERIAL MARKET ANALYSIS

  2. 3D PRINTING MATERIAL MARKET ANALYSIS • 3D Printing Material Market, By Product Type (Ceramics, Plastics, Metals, Others), By Application (Electronics & Consumer Products, Automotive, Medical, Others), and By Region (North America, Europe, Asia Pacific, Rest of the World) - Size, Share, Outlook, and Opportunity Analysis, 2020 - 2027

  3. The global 3D printing materials market was accounted for US$ 1,183.5 Mn in 2019 in terms of value and expected to grow at 18% CAGR (2020-2027) in the forecast period. • Drivers: • Favorable government support for 3D printing technology is fueling the market growth of the 3D printing materials. 3D printing technology is widely used across defense and military sectors. By using 3D printing technology military products can be produce that can withstand harsh functional testing. The government of different countries is investing heavily in experimenting and exploring 3D technology which is further propelling the market growth. • Rapid urbanization and industrialization around the globe are propelling the market growth of the 3D printing materials. The rise in the various manufacturing sectors coupled with the increase in urban population is driving market growth of the 3D printing materials. Moreover, increasing grants by various regulatory bodies to adopt 3D printing technology is again expected to foster the market growth of the 3D printing materials.

  4. Figure 1. Global 3D Printing Materials Market, Revenue Share (%), By Region, 2019

  5. North America region dominated the global 3D printing materials market in 2019, accounting for 36.6% share in terms of value, followed by Europe and Asia Pacific, respectively • Market Restraints • Health concern associated with the materials used in the printing technology is restricting the market growth. The materials used in printing technology are highly toxic in nature which can cause various health issues. • The products manufactured by using 3D printing technology are less durable than compared to other casting technology. This factor is restricting the adoption of this technology, thus hindering the market growth of the 3D printing technology.

  6. Market Opportunities • Growing demand for personalized products from different countries is expected to offer numerous market opportunities. Increasing awareness regarding the benefits of 3D printers such as produced fewer wastages of materials is again expected to raise the product adoption. Additionally, the flexibility to produce complex geometries that are difficult to be manufactured is further projected to foster the market growth of the 3D printing technology. • Increasing R &D by manufacturer for developing advanced 3D printing technology in response to evolving consumer demand is projected to serve major potential opportunities. The growing need for reducing production time, improve product properties, and also reduce the labor cost is encouraging manufacturers to invest in R &D for developing advanced 3D printing technology. This is expected to foster the market growth over the forecast period. 

  7. Figure 2. Global 3D Printing Materials Market – Opportunity Analysis

  8. Global 3D printing materials market was valued at US$ 1,183.5 Mn in 2019 and is forecast to reach a value of US$ 4,557.1 Mn by 2027 at a CAGR of 18.0% between 2017 and 2027 • Market Trends/Key Takeaways • Continuous product innovation by the key manufacturer is one of the growing trends in the industry. For instance, in July 2020, Sculpteo and BASF have together launched a new collection of high-performance 3D printing materials. It is designed to be utilized in the automotive industry, each of the three newly-released materials has properties which specifically target production constraints within the sector. • The growing use of thermoplastic materials for producing lightweight and durable products across the medical industry is augmenting the market growth. Metals such as aluminum, cobalt, chromium, and titanium are widely used across the dental industry for producing implants. Thus, the growing demand for 3D printing technology from the healthcare industry for developing implants is estimated to bolster the market growth over the foreseeable period.

  9. Figure 3. Global 3D Printing Materials Market, Revenue Share (%), By Product Type in 2019

  10. The plastics segment dominated the global 3D printing materials market in 2019, accounting for 54.5% share in terms of value, followed by metals and ceramics segment respectively • Global 3D Printing Materials Market - Impact of Coronavirus (Covid-19) Pandemic • The 3D printing materials market is expected to increase over the pandemic period owing to decrease in the demand for 3D printing materials market from various end use industries such as aerospace, automotive etc. • Value Chain Analysis

  11. Figure 4. Global 3D Printing Materials Market, Value Chain Analysis

  12. Competitive Section: • Company Names  • 3D Systems, Inc. • Arcam AB • Concept Laser GmbH • EOS GmbH Electro Optical Systems • ExOne GmbH • Solidscape, Inc. • Optomec • SLM Solutions GmbH • Stratasys, Ltd. • Few Recent Developments • In July 2017, Solidscape, Inc., the producer of high precision 3D wax printers has announced the launch of the S500 high precision 3D printer along with new castable material, Midas™, and dissolvable support material, Melt™-I.

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  14. About Us Coherent Market Insights is a global market intelligence and consulting organization focused on assisting our plethora of clients achieve transformational growth by helping them make critical business decisions. What we provide: • Customized Market Research Services • Industry Analysis Services • Business Consulting Services • Market Intelligence Services • Long term Engagement Model • Country Specific Analysis

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