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aerospace & defense and automotive to drive the global 3D printing materials market according to new research report

aerospace & defense and automotive to drive the global 3D printing materials market according to new research report

Browse 73 market data Tables and 44 Figures spread through 142 Pages and in-depth TOC on "3D Printing Materials Market by Type (Plastics, Metals, Ceramics, and Others), by Form (Filament, Powder and Liquid), by Application, and by Region - Global Forecasts to 2021" http://www.marketsandmarkets.com/Market-Reports/3d-printing-materials-market-1295.html

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The 3D printing materials market is projected to grow from USD 530.1 Million in 2016 to USD 1,409.5 Million by 2021, at a CAGR of 21.60% during the same period. 3D printing technology has been adopted by major end-use industries because of its design flexibility, less wastage, and environmentally friendly properties among others.

The increase in the demand for 3D printing technology in aerospace & defense, medical & dental, automotive, and consumer goods is driving the 3D printing materials market, globally.

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The major applications of 3D printing materials are aerospace & defense, medical & dental, automotive, and consumer goods.

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Other applications include fashion, electronics, art & sculpture, jewelry, food, and architecture. Aerospace & defense is estimated to be the fastest-growing application of the 3D printing materials market during the forecast period.

Titanium-based 3D printing materials offer high strength and stiffness, resulting in greater demand in the medical and aerospace & defense applications. The 3D printing technology has a wide range of applications in the consumer goods industry that is expected to drive the market.

In the 3D printing industry, mass customization is one of the latest developments that enable the designing of materials made by using either plastics or metals for various applications. Jewelers, watchmakers, and gadget manufacturers generally operate in regions where the technology is used extensively.

Metal materials are expected to dominate the 3D printing materials market

Metals have a higher market share in comparison to plastics and ceramics owning to its high strength. Therefore, they have a wide range applications in the aerospace & defense, medical & dental, and automotive industries that require strong materials for the making of end-use parts by using 3D printing technology.

Metals are generally available in powder form with different grades of colors. Titanium is a special material with high strength used in 3D printing spare parts, medical, jewelry, home decor, tools, and army related products.

North America is the largest 3D printing materials market

The U.S. accounts for a major share of the 3D printing materials market in North America, whereas Germany accounts for the major market of the European region. High growth in the U.S. is attributed to the growing demand for 3D printing technology, especially from the aerospace & defense industry.

The Asia-Pacific region is also experiencing high growth in the 3D printing materials market. This increase in growth is due to the adoption of 3D printing technology in countries such as China, Japan, and South Korea.

Major players in the 3D printing materials market:

  • 3D Systems Corporation (U.S.)
  • Arcam AB (Sweden)
  • Arkema S.A. (France)
  • Royal DSM N.V. (Netherlands)
  • ExOne GmbH (Germany)
  • Stratasys Ltd. (U.S.)

 

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