When it comes to the future success of 3D printing technology, much of the industry’s potential rests upon the shoulders of the corresponding materials. From India to the Middle East and beyond, assorted market analysis reports have shown time and time again that 3D printing materials market is expected to grow at a rapid pace. In an attempt to consolidate this wide ranging global market into a single representation of where the materials market is headed, the Mumbai, India-based market research company Bharat Book Bureau has just announced the latest report published by TechNavio-Infiniti Research, entitled “Global 3D Printing Materials Market 2016-2020”.
In their report, the TechNavio research team takes an in-depth look at the global 3D printing materials market in regard to the current market scenario, as well as prospective growth. To calculate the market size, the researchers looked into revenue generated through sales of products for various applications. All in all, they found that between 2016 and 2020, the global 3D printing materials market is expected to grow at an impressive annual pace.
“3D printing is a technique in which a scanned or digitally designed object is formed into a three-dimensional solid using an additive process. In this process, metal is applied in successive layers with less wastage. 3D printing products can be built from materials in which plastic and metals are the most commonly used materials. A 3D object is designed using computer-aided design (CAD) software or a 3D scanner. The digitalized designed or scanned object is taken by the proprietary software and mathematically sliced into cross sections,” the report explains.
“Technavio’s analysts forecast the global 3D printing materials market to grow at a CAGR of 25.39% during the period 2016-2020.”
The “Global 3D Printing Materials Market 2016-2020” report is divided into three different geographic segments, Americas, APAC (Asia-Pacific), and EMEA (Europe, the Middle East and Africa). The research includes insight from industry experts, and also takes a close look at the leading vendors in the market. There are a number of industrial 3D printing material vendors taken into account for this report, including Arcam, EOS, Hoganas, Solvay, Sandvik, Concept Laser, ExOne, and Renishaw.
In their report, the TechNavio analysts discovered that metal 3D printing is leading the way in industrial applications, while the market has also seen an increase in demand for aircraft engineering from OEMs. As far as challenges go, the market researchers found that one of the biggest hurdles to overcome is the high production costs that come with advanced technological enhancement. Additionally, the “Global 3D Printing Materials Market 2016-2020” report answers critical questions about the current state and future of the industry, including the following:
• What will the market size be in 2020 and what will the growth rate be?
• What are the key market trends?
• What is driving this market?
• What are the challenges to market growth?
• Who are the key vendors in this market space?
• What are the market opportunities and threats faced by the key vendors?
• What are the strengths and weaknesses of the key vendors?
The TechNavio research team was determined to cover every aspect of the 3D printing materials market in their latest report, tackling every market segment, from bioprinting to aerospace and defense. By taking every major global vendor into account, the market researchers were likely able to paint a realistic image of what the 3D printing materials industry will be work over the next few years. The cost of full access to the report ranges from $2,500 for a single user to $10,000 for a global license, and also comes with a free one hour session with one of Bharat’s market analysts. Discuss further in the Global 3D Printing Report forum over at 3DPB.com.[Source: Bharat Book Bureau]