The
3D printing materials market is forecast to grow in double digits between 2013
and 2020 with a high CAGR of 29.6% during the forecast period. 3D printing
materials can be broadly classified into Plastics, Metals, Ceramics and Others.
These materials are used in 3D printers to print three-dimensional objects
which can be used in various applications like consumer, aerospace and defense,
automobiles, medical and so on. The materials used in these printers are
expanding rapidly and many new materials like PET, Nylon and so on are entering
in the market on regular basis. This 3D printing technology will dominate other
technologies in future as it is virtually possible to print any object given if
you have a digital design of the required product.
Among
3D printing materials, plastics can be further sub segmented into PLA, ABS, PVA
and others. Metals can be sub segmented into Titanium, Stainless steel, Silver
and Others and Ceramics into Silica, Glass, Porcelain and others. Apart from
these, there are other materials such as chocolate, paper, biomaterials and so
on which are under their initial phase in 3D printing and will revolutionize
the industry in the future. Recent
report published by IndustryARC
analyses / elaborates all these types of materials and their respective
applications in various industries like consumer, automobile, aerospace &
defense, medical, and so on.
To get a free brochure click the below link:
Medical
industry is expected to revolutionize in the future because of things like
biomaterials which were introduced to 3D printing recently. While plastics are
used to 3D print prosthetic parts and metals like titanium are used to replace hard
parts of the body like skull, biomaterials will be able to print organs for the
body which is a very big achievement to 3D printing industry. Recently they
were able to print many organs like heart, liver and so on by using this
technology and are currently using them for research purposes before starting
the medical trials.
Although
a lot of patents related to 3D printing industry have already expired, there
exist patents that protect fundamental methods and research, where 2014 is a
very important year in this respect. Key patents related to 3D printing
technology are going to expire in this year, thus giving rise to explosive
demand, lower prices and a larger scope for technology betterment.
Geographically
U.S. contributes to the majority of the materials market share and consumer
materials like Plastics are expected to develop more in this region in the near
future as we notice the trend of increasing consumer 3D printers year by year.
Germany is the major industrial hub and its materials revenue is mainly because
of metal powders. Countries in APAC like China, India and Japan have at present
relatively smaller market but are expected to grow at the high CAGR than
America and Europe.
To get a free brochure click the below link:
In
short, 3D printing materials market is growing more rapidly than the 3D
printers market as it is not a one-time investment which is in case of 3D
printers as the printers needs to be refilled regularly and its demand
increases based on the number of 3D printers in the market.
For More Details Contact:
Sanjay Matthews
Business Development Manager
Email:
sanjay.matthews@industryarc.com
Phone: 1- 614-588-8538 (Ext-102)
http://www.industryarc.com
