According to a new market report published by
Lucintel, the future of the global 3D printing materials market looks promising
with opportunities in the automotive, consumer, medical, and aerospace industries.
The global 3D printing materials market is expected to reach an estimated $4.1 billion
by 2024 with a CAGR of 19% from 2019 to 2024. The major drivers for this market
are rapid acceptance of 3D printing technology from prototyping to final
product manufacturing and reduction in manufacturing cost.
In this market, photopolymers, thermoplastics,
metals, and ceramic materials are used in additive manufacturing. Lucintel
forecasts that photopolymers will remain the largest material for 3D printing due
to the increasing demand in medical, consumer electronic, and aerospace
industries. The metal material for 3D printing is expected to witness the
highest growth during the forecast period due to increasing demand for titanium
in the aerospace & defense industry.
Within this market,
3D printing materials for medical industry is expected witness the highest
growth during the forecast period due to increasing adoption of 3D printing in medical
devices and tissue engineering products.
Fused
deposition modeling (FDM), stereolithography (SLA)/digital light processing,
selective laser sintering (SLS)/multi jet fusion, and material jetting are the
major technologies used in the 3D printing industry. Fused deposition modeling
will remain the largest technology segment over the forecast period due to its increasing demand in automotive and
consumer end use industries.
Asia Pacific is expected to witness the
highest growth over the forecast period due to the growing awareness of 3D
printing technology and increasing adoption of 3D printing materials in medical
and dental implants.
Emerging
trends, which have a direct impact on the dynamics of the industry, include use
of bio-inks and gels in the medical industry and increasing use of composite
materials. 3D Systems, Stratasys, The ExOne Company, Arcam, EOS, Voxelijet,
Arkema, Hogonas, Concept Laser, and Carpenter Technologies are among the major
manufacturers of 3D printing materials.
Lucintel, a
leading global strategic consulting and market research firm, has analyzed growth opportunities in the
global 3D printing materials market by material, end use industry, technology, and
region. Lucintel has prepared a comprehensive research report titled “Growth
Opportunities in the Global 3D Printing Materials Market 2019-2024: Trends,
Forecast, and Opportunity Analysis.” This
Lucintel report serves as a catalyst for growth strategies, as it provides
comprehensive data and analysis on trends, key drivers, and directions. The
study includes trends and forecast for the global 3D printing materials market
by material, end use industry, technology, and region as follows:
By Material [Volume (Tons) and $M shipment analysis from 2013 to 2024]:
- Photopolymers
- Thermoplastics
- Metals
- Ceramics
- Others
By End Use Industry [Volume (Tons) and $M shipment analysis from 2013 to 2024]:
- Automotive
- Aerospace
- Consumer
- Medical
- Others
By Technology [Volume (Tons) and $M shipment analysis from 2013 to 2024]:
- Fused Deposition Modeling
- Selective Laser Sintering/Multi Jet Fusion
- Stereolithography/Digital Light Processing
- Material Jetting
- Others
By Region [Volume (Tons) and $M shipment analysis from 2013 to 2024]:
·
North America
– United
States
– Canada
– Mexico
·
Europe
– Germany
– France
– UK
·
Asia Pacific
– China
– Japan
– South
Korea
·
Rest of the World
This
290 page research report will enable you to make confident business decisions
in this globally competitive marketplace. For a detailed table of contents,
contact Lucintel at +1-972-636-5056 or visit us at helpdesk@lucintel.com. Lucintel
offerings include advanced
materials reports, composite
materials market report, strategic
growth consulting, market research due
diligence and business
strategy consulting.
About
Lucintel
Lucintel,
the premier global management consulting and market research firm, creates
winning strategies for growth. It offers market assessments, competitive
analysis, opportunity analysis, growth consulting, M&A, and due diligence
services to executives and key decision makers in a variety of industries. For
further information, visit www.lucintel.com.
This
report answers following 11 key questions:
Q.1 What are some of the most promising
potential, high-growth opportunities for the global 3D printing materials
market by end use industry (automotive, aerospace, consumer, medical, and
others), material (photopolymers, thermoplastics, metals, ceramics, and
others), technology (fused deposition modeling, selective laser sintering/multi
jet fusion, stereolithography/digital light processing, material jetting,
others), and region (North America, Europe, Asia Pacific, and the Rest of the
World)?
Q. 2 Which segments will grow at a faster pace
and why?
Q.3 Which regions will grow at a faster pace
and why?
Q.4 What are the key factors affecting market
dynamics? What are the drivers and challenges of the market?
Q.5 What are the business risks and threats to
this market?
Q.6 What are emerging trends in this market
and the reasons behind them?
Q.7 What are some changing demands of
customers in this market?
Q.8 What are the new developments in the
market? Which companies are leading these developments?
Q.9 Who are the major players in this market?
What strategic initiatives are being implemented by key players for business
growth?
Q.10 What are some of the competitive products
and processes in this market, and how big of a threat do they pose for loss of
market share via material or product substitution?
Q.11 What M & A activities did occur place
in the last five years in this market?
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