3D Printing Materials Market Size to Hit USD$8.6 billion by 2027 | Exhibit a CAGR of 22.5% (2022-2027)
IndustryARC, in one of its latest reports, predicted that the 3D Printing Material market size is estimated to reach US$8.6 billion by 2027 after growing at a CAGR of around 22.5% from 2022 to 2027. Due to extensive research and development in 3D printing, as well as increased demand for prototype applications from numerous industrial verticals, such as healthcare, automotive, aerospace, and military, the market is expected to grow. The 3D printing material market report by IndustryARC covers complete analysis of the market, its major segments, growth factors, trends, drivers and challengers, key players and more.
Competitive Landscape:
The top 5 players in the 3D printing material industry are:
1. 3D Systems, Inc.
2. Arcam AB
3. CRP TECHNOLOGY S.r.l.
4. ENVISIONTEC, INC.
5. EOS GmbH-Electro Optical Systems
Interested in knowing more relevant information? Click here:
https://www.industryarc.com/pdfdownload.php?id=186
Segmental Analysis:
1. The plastic segment held the largest share in the 3D printing materials market and is expected to grow with a CAGR of over 21.8% during the forecast period. Furthermore, low-cost development and production of complex designs, as well as less weight and no material costs, will raise plastic demand in the global market.
2. The Automotive industry segment held a significant share in the 3D printing materials market and is expected to grow with a CAGR of over 23.2% during the forecast period.
3. Asia-Pacific region held a significant share in the 3D printing materials market and is expected to grow with a CAGR of around 24.6% during the forecast period. According to the National Bureau of Statistics of China, China accounts for 70% of the global desktop 3D printer market. Thus, with increasing, application and demand in the End-use industry, the 3D printing materials market will grow rapidly during the forecast period.
|
Report Coverage |
|
|
Report Attributes |
Details |
|
By Type |
Plastic, Metal, Ceramic and Others. |
|
By Form |
Powder, Filament, and Liquid. |
|
By Technology |
Stereolithography, Fuse Deposition Modelling, Selective Laser Sintering, Direct Metal Laser Sintering, Electron Beam Melting, Multi Jet Fusion and Others. |
|
By Geography |
North America, Europe, Asia-Pacific, South America, Middle East and Rest of World |
Get more detailed information about these segments in the report. Buy it here:
https://www.industryarc.com/reports/request-quote?id=186
Market Drivers and Challenges:
1. The aerospace sector was one of the first to embrace 3D printing technology. Due to rising demand for upgraded infrastructure and government initiatives there is a significant growth in the aerospace industry which is fuelling the growth of the 3D printing materials market.
2. In terms of volume, the healthcare industry is the 3D printing materials market’s fastest-growing segment. 3D printing technology is used to make various medical products, including surgical equipment, prostheses and implants, and tissue engineering devices.
3. Reducing the lead time associated with these materials, particularly metals, is one of the main issues 3D printing material manufacturers face.
Why IndustryARC?
IndustryARC is one of the leading market research and consulting firms in the world. It produces over 500 unique market reports annually. Get detailed report on preferred market as per your specific requirements and our research experts would customize the report for you.
Email: [email protected]
USA: (+1) 614-588-8538, (+1) 815-656-4596
Similar Reports:
A. Europe Dental 3D Printing Market
B. 4D Printing Market
https://www.industryarc.com/Report/15021/4d-printing-market.html
Media Contact
Company Name: IndustryARC
Contact Person: Mr. Venkat Reddy
Email: Send Email
Phone: (+1) 970-236-3677
Address:Madhapur
City: Hyderabad
Country: India
Website: https://www.industryarc.com/Report/186/3d-printing-materials-market.html
){kind=link}