3D printing materials market, current revolutionary technology globally is competitively expanding its footprint in different applications. In 3D printing materials market aerospace & defense applications is expected to account for the largest market share during the forecast period. 3D metal printing is used in aerospace & defense industry for manufacturing complex parts such as jet wings, engine parts, space telescope, metal guns, rocket parts, and others.
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3D Printing Materials Market is estimated to grow from USD 530.1 million in 2016 to USD 1,409.5 million by 2021, at a CAGR of 21.60% between 2016 and 2021.Growth of the 3D printing materials market is largely associated with the increasing demand for 3D printing technology, which are used in various end-use industries such as aerospace & defense, medical & dental, automotive, and consumer goods.
1 3D Printing Materials Market (Value) By 2021
2 3D Printing Materials Market, By Application
3 3D Printing Materials Market, By Application
4 U.S. and Germany Account for Major Share of 3D Printing Materials Market
5 Life Cycle Analysis, By Region, 2015
6 3D Printing Materials Market, By Form
North America dominated the 3D printing materials market in 2015 globally by both value and volume and the trend is expected to continue in the future.
High growth in the aerospace & defense, automotive, and wind energy industries and increasing demand for 3D printing technology, especially from the aerospace& defense industry are expected to drive the 3D printing materials market in the region.
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Companies are constantly introducing new 3D printing materials to cater to the increasing demand of 3D printing. Arcam AB introduced a new 3D printing material named Inconel 718, specifically for aerospace application.
Medical & dental is also one of the major applications that use the 3D printing technology. Several medical products such as surgical equipment, prosthetics & implants, orthopedic, dental, and cranio-maxillofacial and tissue-engineered products are manufactured using the 3D printing technology.
2 New Product Developments/Launches and Agreements, Partnerships, Joint Ventures, and Contracts: the Most Popular Growth Strategies
3 Maximum Developments in 2013 and 2014
4 Competitive Benchmarking and Landscape
6 Mergers & Acquisitions
7 New Product Developments/Launches
8 Partnership, Joint Ventures, and Agreements
This study has been validated through primary interviews with various industry experts globally. The break-up profile of primary discussion participants is given here Tier 1 (50%); Tier 2 (37%) and Tier 3 (13%) companies were contacted for interviews.
The interviews were conducted with various key people such as C Level (46%), Directors Level (33%) and other (21%) from various key organizations. The primary interviews were conducted worldwide covering regions such as North America (34%), Europe (31%), Asia-Pacific (23%) and Row (12%).
The key companies profiled in this market research report are 3D Systems Corporation(U.S.),Arcam AB(Sweden),Arkema S.A.(France), Royal DSM N.V. (Netherlands),ExOne GmbH(Germany),Stratasys Ltd.(U.S.),CRP Group(Italy), Envision TEC GmbH (Germany),EOS GmbH Electro Optical Systems (Germany), LPW Technology Ltd. (U.K.).
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The report offers market estimations and projections till 2021 and offers a complete study of the market dynamics. In addition, the report provides the competitive landscape with major growth strategies adopted by the key players.
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