Global 3D printing materials market is expected to witness a tremendous growth in the next seven years because of increasing demand for detailed products with perfect finish and texture, especially in middle and upper class of the countries having emerging economies around the globe. 3D printing materials are used widely in multiple sectors including electronics, automotive, consumer products, aerospace and medical industries. At present, plastics are considered to be the key drivers for global 3D printing material market demand and are expected to sustain over the forecast period. Plastics have the property to sustain stress and can be easily molded into various detailed products via cutting, drilling and milling operations over them. Other than plastics, 3D printing materials include metals, ceramics and wax which are expected to grow the market demand in next seven years.
Innovation in materials and latest technologies have been expected to be the potential drivers in the global 3D printing materials market demand and is projected to rise over the forecast period owing to increasing demand for the process in multiple industries. 3D printing materials have experienced an added advantage to be molded and manufactured with simple and detailed designs. In addition, metal is expected to be the second most wanted material in 3D printing materials and is anticipated to have a large market share over the forecast period. High printing and difficult manufacturing methods are potential restrains for the global 3D printing market demand as metals require 3D printing over them. Owing to have a restraint in usage over high end customers and applications, there is an anticipated rise in the demand for ceramics and wax which are expected to contribute largely in 3D printing market. The road to success in the 3D printing materials market is expected to depend on modification of material depending to the need of specific application. This refinement process of materialsmay include the type,quality, strength and cost of raw material.This continuing development of new material is expected to have a huge impact on the quality of the end product, as it solely opens a new market trend and has a positive and efficient influence on the price levels of the used material.
At present, introduction of new 3D printing technologies are anticipating the use of simple CAD designs and normal 3D prints which is expected to be sufficientfor manufacturing the product for end users. Materials required for 3D printing are available in powder, liquid and filament form, depending on the requirement of end users. North America, European Union countries, and Asia Pacific are expected to have rising growth in global 3D printing market demand over the next seven years.
Key players currently operating on 3D printing materials includeStratasys Ltd. (U.S.), ExOne Gmbh (Germany), Arcam AB (Sweden), and 3D Systems Inc. (U.S.). These companies are expected to enhance the production technologies to modern techniques in order to meet the rising demand for the finished product. Material wastage is experienced to be the key factor for restraining the growth of 3D printing market demand in past two years. In addition high detailing and finite precision is the potential factor for material wastage, and is anticipated to delay or act as a barrier in the growing demand for 3D printing materials. This massive growth in the use and applications of 3D Printers is encouraging a massive growth in the market for 3D Printing Materials. In addition to these, 3D printing and scanning technology development is expected to be the major area for the development of 3D printing materials over the forecast period. Various new technologies are being implemented in the production and manufacturing of high detailed products owing to meet the precise demand of end users.
At present,the U.S., European Union countries, Asia Pacific, Japan, Brazil, China and Africa are expected to enhance the production technologies and lower the overall production cost which is anticipated to boost up the global 3D printing materials market demand. In addition, there are several government regulations which are expected to act as a restraint in the production process owing to the huge material waste during the process in European Union countries and Middle East. However, it is anticipated to experience a huge inclination in overall production and reduced waste materials which is expected to enhance global 3D printing material demand.
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