Global 3D printing Material Market is expected to grow at CAGR of 15% during the forecast period of 2016-2024.
While original equipment manufacturers (OEMs) and suppliers predominantly use 3D Printing for rapid prototyping, the technical course of AM makes a solid case for its usage in product innovation and mass production in the future.
Global 3D Printing Material Market
As compared to traditional manufacturing processes 3D Printing technology can produce components with fewer design restrictions making it flexible enough to manufacture products with custom features and complex geometries. Furthermore lower handling cost, as well as lower inventory cost, decentralized production, a wider range of amenable materials, improved product quality and reduced post-processing, are some other compelling driving forces to opt for this technology over traditional ones.
Looking at the restraints one cannot ignore its inability when it comes to mass production. Also manufacturing large parts, standardization issues, high cost, low availability of 3D printers and lack of skilled labors are the present hindrances in the path of this flourishing technology. In spite of all these constraints, with the current advances, AM has been instrumental in bringing newer designs; cleaner, lighter, and safer products; shorter lead times and lower costs.
Trans-Sectoral Utility of 3D Printing is a boon for the manufacturing industry as the whole. All major sectors including Automotive Industry, Aerospace, and Defence, Healthcare, Architecture have adapted it and the extent of usage definitely has an upward trajectory in the near future.
As per our research analyzing numerous data sources, it can be confidently concluded that Global 3D printing material market is expected to reach $18.11 Billion by 2024, from 2015 value of $5.31 Billion, growing at a rate of 15%. The growth trajectory of 3D Printing Material market is as shown in the following graph.
Major leading Manufacturers across various industries like Toyota, Ford, Mercedes-Benz from Automotive industry are adopting AM technology to produce essential machine parts, which shows the signs of a favorable change in the Global 3D Printing Material Market...The manufacturing world is at the doorstep of the next industrial revolution and it will not be a surprise that 3D Printing has to play a pivotal and decisive role in it.
For more Imformation : https://www.maximizemarketresearch.com/market-report/global-3d-printing-material-market/9860/
Scope of the Global 3D Printing Material Market:
Global 3D Printing Material Market, by Technology
Stereolithography
Selective Laser Sintering
Electron Beam Melting
Fused Deposition Modeling
Laminated Object Manufacturing
Others
Global 3D Printing Material Market, by Industry
Automotive
Aerospace and Defence
Tools and Components
Architecture
Home Printing
Others
Global 3D Printing Material Market, by Input Materials
Polymers
Metals and alloys
Ceramic
Others
Global 3D Printing Material Market, by Applications
Prototyping and Tooling
R&D
Innovation
Manufacturing of Complex Parts
Global 3D Printing Material Market, by Form
Powder
Filament
Liquid
Global 3D Printing Material Market, by Region
North America
Europe
Asia-Pacific
South America
Middle East and Africa
This Report Is Submitted By @Maximize Market Research Company
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