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Opportunities For The Global 3d Printing Materials Market To Reach $4.1 Billion By 2024
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]:
By End Use Industry [Volume (Tons) and $M shipment analysis from 2013 to 2024]:
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
By Region [Volume (Tons) and $M shipment analysis from 2013 to 2024]:
• North America
– United States
• Asia Pacific
– 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 email@example.com. Lucintel offerings include advanced materials reports, composite materials market report, strategic growth consulting, market research due diligence and business strategy consulting.
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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