Global 3D Printing Material Market
Added: (Tue Feb 05 2019)
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Global 3D Printing Material Market – Analysis and Forecast (2016-2024) by Technology, Industry, Input Materials, Aapplications and by Geography
Global 3D printing Material Market is expected to grow at CAGR of 15% during the forecast period of 2016-2024.
While original equipment manufacturers (OEMs) and suppliers predominantly use 3D Printing for rapid prototyping, the technical course of AM makes a solid case for its usage in product innovation and mass production in the future.
Global 3D Printing Material Market
As compared to traditional manufacturing processes 3D Printing technology can produce components with fewer design restrictions making it flexible enough to manufacture products with custom features and complex geometries. Furthermore lower handling cost, as well as lower inventory cost, decentralized production, a wider range of amenable materials, improved product quality and reduced post-processing, are some other compelling driving forces to opt for this technology over traditional ones.
Looking at the restraints one cannot ignore its inability when it comes to mass production. Also manufacturing large parts, standardization issues, high cost, low availability of 3D printers and lack of skilled labors are the present hindrances in the path of this flourishing technology. In spite of all these constraints, with the current advances, AM has been instrumental in bringing newer designs; cleaner, lighter, and safer products; shorter lead times and lower costs.
Trans-Sectoral Utility of 3D Printing is a boon for the manufacturing industry as the whole. All major sectors including Automotive Industry, Aerospace, and Defence, Healthcare, Architecture have adapted it and the extent of usage definitely has an upward trajectory in the near future.
As per our research analyzing numerous data sources, it can be confidently concluded that Global 3D printing material market is expected to reach $18.11 Billion by 2024, from 2015 value of $5.31 Billion, growing at a rate of 15%. The growth trajectory of 3D Printing Material market is as shown in the following graph.
Major leading Manufacturers across various industries like Toyota, Ford, Mercedes-Benz from Automotive industry are adopting AM technology to produce essential machine parts, which shows the signs of a favorable change in the Global 3D Printing Material Market...The manufacturing world is at the doorstep of the next industrial revolution and it will not be a surprise that 3D Printing has to play a pivotal and decisive role in it.
The scope of the Global 3D Printing Material Market:
Global 3D Printing Material Market, By Technology:
• Stereolithography
• Selective laser sintering
• Electron beam melting
• Fused deposition modeling
• Laminated object manufacturing
• Others
Electron beam melting, three-dimensional inkjet printing, fused disposition modeling
Global 3D Printing Material Market, By Industry
• Automotive
• Aerospace and Defence
• Tools and Components
• Architecture
• Home Printing
• Others
Global 3D Printing Material Market, By Input Materials
• Polymers
• Metals and alloys
• Ceramic
• Others
Polymers are most extensively used 3D printing material in the current scenario
Global 3D Printing Material Market, By Applications
prototyping and tooling
R&D
Innovation
manufacturing of complex parts
Global 3D Printing Material Market By Geography:
• North America,
• Europe,
• Asia-Pacific
• Latin America
• Middle East and Africa
Research Methodology:
Bloomberg, Deloitte are some of the sites in addition to International Journal of Mechanical and Production Engineering, 2017 that are being referred to gain insights about global 3D Printing manufacturing market. Data triangulation techniques in addition to other comparative analysis were carried out between various secondary sources. The data points have been obtained from paid and unpaid sources along with paid primary interviews with key opinion leaders (KOLs) in the market. While taking interviews, KOLs from both demand and supply side were taken into consideration to minimize the bias. The bottom-up approach was used during collecting and analyzing the data points thus to comprehend micro-level as well as macro-level scenario vividly.
Key players of The Global 3D Printing Material Market:
• Arcam Ab (Sweden)
• Autodesk (U.S.)
• Chizel Prints Manufacturing Pvt. Ltd (U.S.)
• Concept Laser (USA)
• Envisiontec Inc. (U.S.)
• Eos GmbH (Germany)
• Exone (U.S.)
• Gearbest (U.S.)
• Hoganas Ab (Sweden)
• Materialise Nv (Belgium)
• Organovo Holdings Inc
• Optomec Inc. (U.S.)
• Polymaker (Italy)
• Ponoko Ltd. (U.S.)
• Sanya Si Hai (China)
• Stratasys Inc. (U.S.)
• Voxeljet Ag (Germany)
• Webcrawler (U.S.)
• Ultimaker (Netherlands)
• XEV (Italy)
• Kabuku (Japan)
• Mimaki (Japan)
• 3D BOX (South Korea)
• 3D Vinci Creations (UAE)
• Imaginarium (India)
• Altem Technologies (India)
Key Target Audience:
• 3D Printing manufacturers
• OEM’s
• Traders, Distributors, and Suppliers
• Industry associations and experts
• Research organizations and consulting companies.
• Research Institutes
• Industry associations
• Market research and consulting firm.
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Report Published by MAXIMIZE MARKET RESEARCH
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