Building the Future- The Surging Demand for Advanced 3D Printing Materials


Posted December 5, 2023 by Research96

3D Printing Materials Market is expected to reach a value of $9.86 billion by 2028

 
Meticulous Research®— a leading global market research company, published a research report titled “3D Printing Materials Market by Type (Polymer, Metal, Ceramics & Composites), Form (Filament, Liquid, Powder), Technology (FDM, SLA, Polyjet, Multijet, Binder Jetting, EBM), Application - Global Forecast to 2028”.

With the use of 3D printing technologies, the prototypes are produced with much faster speed and with more durability. Prototyping is one of the primary application areas for 3D printing. Amongst the different 3D printing materials, polymer is the most widely used material. Polymers are used to fabricate high-tech industrial (aerospace, medical/dental, automotive, electronic), consumer (home, fashion, and entertainment) products. Advancements in polymeric materials continue to offer new possibilities for the manufacturing industry. The recycling and reuse of polymer 3D printing materials have encouraged many industries to adopt additive manufacturing (AM) in-house.

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3D printing or additive manufacturing is a process of manufacturing three dimensional solid objects from a digital file. 3D printing technology creates an object by laying down successive layers of material until the object is created.

Each of these layers can be seen as a thinly sliced cross-section of the object. 3D printing technology refers to a variety of processes in which material is deposited, joined, or solidified with computer control to create a three-dimensional object.

The major factors driving the 3D printing materials market include growing demand for polymers in 3D printing, mass customization of various functional parts for industrial equipment, jewellery, and consumer goods, and government initiatives to support the adoption of 3D printing.

Lack of awareness of 3D printing technology among supplies, buyers, users, and lack of skilled laborers to perform 3D printing operations is a major challenge for the growth of the 3D printing materials market.

Governments around the world are also supporting the adoption of 3D printing through various initiatives, including funding for research and development and tax incentives for companies that use 3D printing in their operations.

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However, the lack of awareness of 3D printing technology among suppliers, buyers, and users, as well as the shortage of skilled laborers to perform 3D printing operations, are significant challenges for the growth of the 3D printing materials market. Despite these challenges, the future looks bright for this exciting technology.

The key players operating in the global 3D printing materials market are 3D Systems Corporation (U.S.), Proto Labs, Ltd., (U.S.), The ExOne Company (U.S.), HP INC. (U.S.), EnvisionTEC, Inc. (U.S.), Markforged, Inc. (U.S.), Tethon 3D (U.S.), Evonik Industries AG (Germany), Materialise NV (Belgium), EOS GmbH (Germany), Stratasys Ltd. (Israel), Zortrax (Poland), Sculpteo (France), Lithoz GmbH (Austria), and IC3D, LLC. (U.S.) among others.

To gain more insights into the market with a detailed table of content and figures, click here: https://www.meticulousresearch.com/product/3d-printing-materials-market-5083

Key Questions Answered in the Report-

Which are the high-growth market segments in terms of type, form, technology, application, and geography?
What is the historical market size for 3D printing materials across the globe?
What are the market forecasts and estimates for the period 2021-2028?
What are the major drivers, restraints, opportunities, and challenges in the 3D printing materials market?
Who are the major players in the market, and what are their market shares?
Who are the major players in various countries?
How is the competitive landscape for the 3D printing materials market?
What are the recent developments in the 3D printing materials market?
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Issued By chaitanya
Business Address india
Country India
Categories Technology
Tags automotive , manufacturing , 3dprinting , polymers , 3d
Last Updated December 5, 2023