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The Aerospace 3D Printing Materials Market is projected to grow due to the increasing adoption of 3D printing technology in the aerospace industry. North America dominates the market, followed by Europe and Asia-Pacific, as a result of high investment in R&D activities and the presence of major manufacturers.
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Aerospace 3D Printing Materials Market worth $8.39 billion by 2027- Exclusive Report by MarketsandMarkets™ The global "Aerospace 3D Printing Materials Market By Material Type (Plastic, Metal, Others), By Printing Technology (DMLS, FDM, CLIP, SLA, SLS), By Platform (Aircraft, UAVs, Spacecraft), By Application (Prototyping, Tooling, Functional Parts), By End Product (Engine Components, Structural Components, Others), and Region - Global Forecast to 2027," size is projected to grow from USD 2.75 billion in 2022 to USD 8.39 billion by 2027, at a CAGR of 25% during the forecast period. Increased demand for lightweight and durable aerospace components and simplification of complex designs will drive the growth of the aerospace 3d printing materials market. Get PDF Brochure for Research Insights at https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=41380192 Aerospace 3d printing materials can be broadly classified into three major material types, namely, plastic, metal, and others. Various plastic materials that are used in the 3D printing include acrylonitrile butadiene styrene (ABS), polylactic acid (PLA), nylon, photopolymers, polyvinyl alcohol (PVA), polycarbonate (PC), high- density polyethylene (HDPE), and other thermoplastics. On the basis of product type, the aerospace 3d printing materials market is segmented into Direct Metal Laser Sintering (DMLS), Fused Deposition Modeling (FDM), Continuous Liquid Interface Production (CLIP), Stereolithography (SLA), and Selective Laser Sintering (SLS). FDM is a fast and efficient process for producing large volumes of continuous shapes in varying lengths with minimal waste. This process has a significant advantage in that it can produce complex shapes with varying thickness, textures, and colors. On the basis of platform, the aerospace 3d printing materials market is segmented into aircraft, UAVs, and spacecraft. An aircraft would experience the greatest number of developments. The need for lightweight, cost-
effective aircraft, as well as the need for rapid production of complex parts, would drive the use of 3D printers in aircraft manufacturing. Share Your Requirements & Get Customized Reports at https://www.marketsandmarkets.com/requestCustomizationNew.asp?id=41380192 The various applications of aerospace 3d printing materials include prototyping, tooling, and functional parts. The advancements in 3D printing technology and the increasing adoption of 3D printers into manufacturing processes across industries can be attributed to the growth of the functional parts segment. 3D printing is used to develop various end products of aircrafts such as engine components, structural components, and others. Ease of design, improved strength, lightweight, and durability of manufactured components, as well as cost-effectiveness, all contribute to the growth of end products. US is the world's largest aerospace manufacturing hub. One of the primary factors driving the overall growth of the market in the North American region is the increasing prevalence of 3D printing technologies for the manufacturing of complex and lightweight 3D components. The major players in aerospace 3d printing materials market includes 3D systems Corporation (US), Stratasys, Inc. (Israel), Materialise N.V (Belgium), EOS GmbH (Germany), Ultimaker B.V. (Netherlands), EnvisionTec GmbH (Germany), EXONE (US), General Electric (US) , Covestro AG (Germany), and Sandvik AB (Sweden). For any Queries Linked with the Report, Ask an Analyst@ https://www.marketsandmarkets.com/speaktoanalystNew.asp?id=41380192 About MarketsandMarkets™ MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients.
The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines - TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing. Built on the 'GIVE Growth' principle, we work with several Forbes Global 2000 B2B companies - helping them stay relevant in a disruptive ecosystem. Our insights and strategies are molded by our industry experts, cutting-edge AI-powered Market Intelligence Cloud, and years of research. The KnowledgeStore™ (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry. To find out more, visit www.MarketsandMarkets™.com or follow us on Twitter, LinkedIn and Facebook. Contact: Mr. Aashish Mehra MarketsandMarkets™ INC. 630 Dundee Road Suite 430 Northbrook, IL 60062 USA : 1-888-600-6441 sales@marketsandmarkets.com