3D Printing Materials Market Size & Growth (2019 - 2024)
3D printing transforms digital files into three-dimensional objects by layering material in a process known as additive manufacturing. Printheads release matter in definite orientations that can produce customised products, ranging from jewellery to three-story homes. The rise in demand for customised products is the reason for the high prosperous growth of 3D printing products.
The size of the 3D Printing Market was valued around USD 9.9 Billion in 2019 and is expected to grow at a CAGR of 23.36% to reach around USD 28.28 Billion by the end of 2024.
Recent Developments:
Zortrax, a 3D printing company based on Poland has introduced a new 3D printer Ink spire UV LCD printer, which is considered to a most affordable and offers speed and quality of resin-based with the finish and fit for the hardware.
The MIT Laboratory for Manufacturing and Productivity recently created a printer which is about ten times faster than the traditional desktop models and three times faster than a $100,000 industrial-scale system.
Market Drivers and Restraints:
Ease in the development of customised products and a decline in the manufacturing cost are the main driving factors of the market for 3D printing. There are also other factors helping the growth of the market such as investments by various governments across the globe and chances for development of industrial-grade 3D printing materials. The market continues to experience considerable success among hobbyists and home users as well. This widespread adoption of 3D printing will enable a dramatic restructuring of value chains and relationships between manufacturers and their suppliers and customers. The 3D printed parts are built-in additive fashion, that is, layer-by-layer from the ground up.
While technology is a breakthrough, the materials that can be used are still limited. Also, the lack of technology to fulfil the desired large-scale 3D printers is the primary restraint to the growth of the 3D printing market.
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Report Segmented as:
By Offering:
• Printer
• Material
• Software
• Service
By Process:
• Binder Jetting
• Direct Energy Deposition
• Material Extrusion
• Material Jetting
• Powder Bed Fusion
Geographical Segmentation:
North America leads the 3D Printing Market as per the statistics in 2018. Europe is second in this lead. The Asia Pacific is expected to follow Europe’s lead in the 3D printing market in the forecast period. On the other hand, the market in the Middle East & Africa and Latin-America regions is slow-growing in nature.
Key market players:
1. 3D Systems
2. Arcam AB
3. Materialise
4. HP
5. Zortrax
6. GE Additive
7. Hoganas AB
8. Optomec, Inc.
9. The MIT Laboratory
10. Ponoko Ltd.
11. Citim GmbH
12. Solidscape, Inc.
13. EOS GmbH
14. Autodesk Inc.
15. The ExOne Company
16. Sisma S.p.A
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printing-market#request_sample
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estimations of market potential and forecasts with utmost granularity. Along this, the
factors influential in influencing the market dynamics and trends discussed in detail at the
product level. Further, the performance of the market at the regional and country-level had assessed
and the prospects with huge growth potential identified and debated.
The key players in the industry are profiled giving insights on their financial performance,
market position and growth strategies. Comparative analysis on prime strategically
activities of the market players delineating the key developments like mergers &
acquisitions, collaborations and an evaluation of the competitive environment within the
industry had provided. The report also provides a broad outlook of the current market
along with recommendations from industry experts on the opportunities for investment
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