3D Printing Material Market 2019 | Potential Growth, Size & Share, Demand and Analysis of Key Players- Forecasts To 2022

Market Scenario:

Market Research Future (MRFR) anticipates that the Global 3D Printing Materials Market will surpass the value of USD 1,500 million at 19% CAGR during the forecasted period (2017-2022). The growing investment towards research and development, elevating adoption of 3D printing devices, development of low cost devices, and reducing price of materials bolster the demand for 3D Printing Materials.

Polymers and metals are popular 3D Printing Materials. Moreover, improvements in speed and quality of its applications in various fields such as medical, manufacturing, and others, also fuel the market growth immensely. Hence, growing demand from various end-users has positively shaped the market size. Also, the demand for 3D Printing Material is growing considerably due to rapid acceptance of 3D printing technology from prototyping, product designing, and concept modeling to final product manufacturing.

However, the materials used for 3D printing technology are relatively higher which undermine the 3D printing materials market growth. Despite the undermining factors, the market shows promise during the forecast period due to intense competition between 3D printer manufacturers leading to miniaturization, reduction in the cost of 3D printers, and also quality improvement.

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Also worth noting is a popular trend that involves extensive use of 3D printing technology in the food industry, for manufacturing and creating powdery materials and nozzles. It also helps in the customization of the food products with a delivery of potent mix of the right nutrients. Food materials like chocolate and other paste based forms are used marking an attractive trend of creating 3D printed food.

Market Segmentation:

The Global 3D Printing Material Market has been segmented on the basis of Material and Application.

The Materials Market is sub-segmented into metals, plastics, ceramics and others. Metals segment has a high market share owing to its high strength, thereby being massively used in a wide range of applications such as aerospace & defense, medical & dental, and automotive industries. These applications require strong materials like metal for the making of end-use parts by using 3D printing technology.

Based on Application, the market is segmented on the basis of automotive, healthcare, aerospace & defense, consumer goods and others. 3D Printing Technology is playing a significant role in the healthcare industry, in terms of its applications such as for dental surgery, replacing burnt skin, airway splints for babies with tracheobronchomalacia (TBM). Along with helping cure some chronic diseases, it also helps in the replacement of the damaged parts. Moreover, increased research and development activities open new avenues for market players in the healthcare industry in terms of product development.

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3D Printing Material Market 2018 - Trends Forecast Analysis by Manufacturers, Regions, Type and Application to 2022

Overview:
3D printing has managed to grab the popular imagination in almost no time. As Market Research Future (MRFR) asserts, the material market for 3D Printing is touted to cross USD 1.5 Mn at a staggering CAGR of 19% during the forecast period (2016-2022). The 3D Printing Material Market is now experiencing improvements in production speed and quality owing to healthy competition.

Competitive Analysis:  
The presence of large-scale manufacturing companies has made the Global 3D Printing Material Market competitive. The competition has resulted in the production of innovative and quality products. The dominant players operating in the Global 3D Printing Material Market include Sandvik AB, Höganäs AB, Solvay S.A., EOS GmbH, Arcam AB Inc., and others.

Drivers and Restraints:
With 3D printing technology gaining traction, the global market for 3D printing materials has also accelerated. Innovation in materials and latest technologies are the potential influencers of the global 3D Printing Materials Market demand. Metal can become the second most preferred medium in 3D printing materials and fetch a considerable amount of revenue during the forecast period.

Modification of material depending on the need for a specific application can also boost the market.
High printing and difficult manufacturing methods are potential restraints for the Global 3D Printing Market demand. However, the growth of the market can also be hampered by ethical, environmental, and legal issues coupled with technological challenges.

Market Trends:
Diverse end-users are setting the market trends at present. Research and development sectors have boosted the increase in adoption of 3D printing devices by lowering manufacturing cost of tools, and materials. For various end-user industries, this is a boon, and they are profiting much from the outcomes.

To improve desktop manufacturing in a significant manner, Airwolf 3D released the EVO Additive Manufacturing Center. Automotive & aerospace sectors can seek inspiration from prototype steering wheel made by CRP USA for Formula SAE which is both a prototype and a fully functional component.

DWS has launched XCELL 6000, the first ever built-in work cell, from the 3D file to the ready to use parts; this one is a one-stop solution.

Segmentation:
The Global 3D Printing Material Market can be segmented by Material and Application.

Material-wise segmentation includes metals, plastic, ceramics, and others. Desktop printing has now given rise in demand for polymer as a material, and it is the most widely used material for printing now. Metal 3D Printing Market share is benefitting more from its application across various industries, such as aerospace & defense, automotive and industrial. Ceramic can also observe a rise in market share during the forecast period owing to a surge in demand from sectors, such as ceramics, statues, and figurines.

Application-based segmentation comprises automotive, healthcare, aerospace & defense, consumer goods, and others. Consumer lifestyle dynamics is now restructuring purchasing behavior owing to which automotive segment is experiencing a stellar rise in the sale. This industry has reacted like a catalyst and boosted the sale of 3D printers. The global market is also experiencing a robust sale due to healthcare industry where it has various applications, such as in dental surgery, replacement of burnt skin and in others.

Regional Analysis:
Regional analysis of 3D Printing Materials spans North America, Asia Pacific, Europe, and Rest-of-the-World (RoW).

North American market is getting led by the U.S. The growing demand for 3D Printing technology in American defense has boosted the growth of the technology and its material. Aerospace industry also plays like a driving factor. The region will experience further growth owing to its huge consumer base of automobiles and electronic gadgets.

Europe, currently, closely follows North America. Along with the latter, the continent enjoys the advantages of being the first market entrants. Germany leads the continent in terms of generated revenue.

Asia Pacific can witness substantial growth in market share with rising population with disposable income in countries, such as India, China, and others. The region is having a remarkable advancement in automotive, healthcare and other sectors.

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3D Printing Material Market 2018: Overview, Top Key Players, Growth and Analysis by Forecast 2022

The increasing use of 3D metal printing for industrial applications will act as major driver for growth of this industry. A few among the most highly valued products are aircraft engines and turbine components. 3D printing is also used widely by end users such as automotive, health care, aerospace & defense, consumer goods, research institutions, and service bureaus.  This is because various advantages are attainable by 3D painting such as good resolution, and surface finish. Both plastic and metal based 3D printing materials possess high toughness, which makes them ideal for use in aerospace & defense and automotive applications.  In healthcare sector, 3D bio printing technology is also gaining power.  Increasing use of 3D printing will substantially increase the growth of 3D printing material market.

The report has analyzed the market based on the two segments: material and application in the regions of North America, Europe, APAC and rest of the world. Fastest growing region in 3D Printing Material Market is Europe. Germany, a part of Europe, is a hub for automotive industry and is contributing to the growth of automotive sector. The growth is further enhanced by increased investment in innovative technology and R&D projects. The Global 3D Printing Material Market is expected to cross USD 1,500 Million at the end of the forecasted period and is expected to be growing at CAGR of approximately 19% by 2022.

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Europe will be the largest market

Europe is expected to dominate the market with its largest and fastest growing market size for 3D printing material. The reason is attributed to the increased demand for 3D Printing in automotive and aerospace & defense sectors. The toughness and enhanced resolution helps increase market share.

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We recognize the key players in the Global 3D Printing Material Market Sandvik AB, Höganäs AB, Solvay S.A., EOS GmbH, Arcam AB Inc., 3D Systems Corporation, Royal DSM N.V., Arkema S.A. Inc., ExOne GmbH Inc., and Stratasys Ltd. Inc.

This research report has provides the insights, on various levels of analyses such industry analysis, market share analysis leading market players and their profiles. This report also helps in studying the target segments by providing views on emerging & high-growth segments and market conclusion. Together the market data comprise and discuss with the basic assessments on the competitive scenarios & strategies, of the global 3D printing material market, including the high-growth regions, countries and their political, economic and technological environments. Furthermore the project report also provides the views over the historical market values as well as, pricing and cost analysis of the same.

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