Global 3D Printing Materials Market — Analysis and Forecast (2016-2022)
3D printing industry visualizes a world where 3D printer will be used in every home. 3D printing is rapidly evolving, and with increasing technological advancement and wide range of 3D printing materials, it is gradually becoming more pervasive, thus, changing the face of the manufacturing industries. The global 3D printing materials market is estimated to witness growth at a CAGR of 17.6% over the period of 2016 to 2022. This growth is expected due to increasing demand of 3D printing materials from the manufacturing industries, increasing consumer application and increasing opportunities for 3D printers in the clothing, electronics and food sector.
The 3D printing materials market comprises of the materials such as plastics, photopolymers, metals and metal alloys, ceramics among others and technologies such as Materials Extrusion (FDM/FFF), Light Polymerized (SLA, DLP, PJP) and Powder Bed Fusion (DMLS, SLS, SLM, EBM) among others.
The U.S. generated the maximum amount of revenue in the year 2015 in the global 3D printing materials market among all the countries; whereas, Japan and China have the maximum potential to grow in the forecast period. If the industry has the prospects of growing with the same pace, it will cross $1.52 billion in total market by the end of forecast period 2022.
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:
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.
3D printing has come a long way from the initial production of simple plastic prototypes to produce fully functional components, including implants & prosthetics, complex mechanisms, batteries, robot, clothing and food. 3D printing technology is on the path of rapid development with increasing advancements, wide range of 3DP materials and high speed of manufacturing. The global 3D printing materials market is estimated to reach $1.52 billion by 2022 at a CAGR of 17.6% through the forecast period. 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.
Source: Expert Views, Annual Reports, Secondary Research and BIS Research Analysis
The global 3D printing materials market has been tracked along the lines of its materials, forms, technologies, application areas, and geography. Herein, the revenue generated from the 3D printing materials, technologies and forms is tracked in order to calculate the market size. The revenue generated from various 3D printing materials namely – plastics, photopolymers, metals & metal alloys, ceramics among others, have been analyzed.The plastics materials in 3D printing materials market holds more than 51% of the market, photopolymers and ceramics, though significant, hold lesser share. Revenue generated for various forms of 3DP materials namely – filament, powder and liquid have been analyzed. 3D printing Filaments is dominating the market and growing at a CAGR of 16.0% from 2016 to 2022.
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.
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.
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