The global 3D printing materials market is anticipated expand at an impressive 14.0% CAGR over the forecast period. Rapid adoption of technologically advanced manufacturing equipment across various sectors is driving sales of 3D printers worldwide, which is expected to boost the market in the forthcoming years.
Raw materials such as plastics, ABS, PLA, metals powders, carbon fibers, resins are some commonly used 3D printing materials. Growing trend of utilizing 3D printers to manufacture various kinds of small and large products are boosting the market.
In addition to this, increasing adoption of 3D printing in the building and construction sector is expected to augment the growth of the market. Furthermore, the expansion of automotive, aerospace, electronics and medical is anticipated to remain key growth driver of the global market of 3D printing materials.
As per FMI, North America is expected to remain a lucrative pocket in the global 3D printing materials market. Growth is attributable to the swift commercialization of novel technologies like 3D printing in various industries across the region.
Competition Landscape
Key market participants in the global 3D printing materials market elaborated in the report includes Covestro AG, Arkema S.A., Sandvik A.B., Evonik Industries A.G., EOS GmbH Electro Optical Systems, Ultimaker B.V., Hoganas AB, The EXONE Company, General Electrics, 3D Systems Corporation, Materialise NV, STRATASYS LTD, and MARKFORGED Inc.
Key market participants are focusing on development of innovative 3D printing products to improve their product portfolios. Besides this, players are also investing in mergers, acquisitions, and collaborations to expand their global presence.
3D printing materials Market By Category
By Material Type:
- Plastics
- Metals
- Ceramics
- Others
By Form:
- Filament
- Powder
- Liquid
By Application:
- Electronics Consumers
- Automotive
- Medical
- Industrial
- Education
- Aerospace
- Others
“Increasing adoption of 3D printing in the healthcare sector and the growing demand for 3D printed plastics for vehicle interiors are expected to drive sales in the market over the assessment period,” says an FMI analyst.
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