The report “3D Printing Materials Market by Type (Plastic, Metal, Ceramic), End-Use Industry (Automotive, Aerospace & Defence, Healthcare, Consumer Goods, Construction), Form (Powder, Liquid, Filament), Technology, Application and Region – Global Forecast to 2027”, is expected to grow from USD 2,850.1 million in 2022 to USD 8,697.9 million by 2027, at a CAGR of 25.0% during the forecast period. The 3D printing materials market is witnessing significant growth because of the growing demand from industries such as healthcare, automotive, and aerospace & defense.
Some of the prominent key players are:
· 3D Systems Corporation (US)
· Stratasys (US)
· Arkema SA (France)
· Materialise NV (Belgium)
· Evonik Industries AG(Germany)
· General Electric (US)
Opportunity: Adoption of 3D printing technology in home printing
The 3D printing technology has been in the market from the last 30 years, but the sudden increase in the hype is due to the availability of home 3D printers. These home printers are available in the market at very low costs, which is boosting the demand for home 3D printers leading to the high growth of the 3D printing materials market. Currently, these printers are available in homes, offices, computer stores, and shopping hubs, where one can create inexpensive products in a considerably short span of time.
Powder segment accounts for the second-largest market share in the global 3D printing materials market
The powder form of 3D printing materials is mainly consumed as metals and special alloys that are expensive compared to other materials. Steel, titanium, silver, gold, aluminum, copper, bronze, silica sand, and a few other materials are available in the powder form. All the metal powders are especially graded materials that can withstand high temperatures. Aerospace & defense and automotive are the major industries that use metal powders; whereas gold, one of the most expensive materials, is generally used in the jewelry and fashion design industries.
North America holds the largest market share in the 3D printing materials market
North America is expected to dominate the 3D printing materials market during the forecast period due to the substantial adoption and manufacturing of products based on 3D printing technology. The increasing demand from the aerospace & defense, medical & dental, and automotive end-use industries in North America are also driving the market in the region. In addition, strong support from the governments for 3D printed goods over conventional goods and the presence of key manufacturers in the region are expected to drive the market further.
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