At 14%CAGR, 3D Printing Material Market to cross $3bn by 2024
Date: 2018-11-26   Author: Rahul Varpe  Category: #news

At 14%CAGR, 3D Printing Material Market to cross $3bn by 2024

The qualitative research study conducted by Global Market Insights, Inc. titled “3D Printing Material Market” provides primary Data, surveys, Scope of the Product and vendor briefings. The market dynamic forces have been determined after conducting a detailed study of the Global Automotive Foam Market.

Positive growth indicators across automotive, education, medical and pharmaceutical applications offer strong global 3D printing materials market growth potential. For instance, the global automotive manufacturing business is likely to expand at over 4% CAGR between 2016 and 2024. This trend is mainly driven by increasing personal vehicle sales in the BRIC nations on account of improving consumer lifestyle dynamics. 


Sample copy of this report @ https://www.gminsights.com/request-sample/detail/1179

3D Printing Materials Market is likely to surpass USD 3 billion, 3D Printing Equipment Market will exceed USD 9 billion by 2024; as per new research report by Global Market Insights, Inc.
Furthermore, technological developments in the medical and pharmaceutical industry has propelled the product demand in the medical applications such as tissue fabrication and organ manufacturing. Associated high product cost is the major hindrance faced by the industry share contributors and thus may hamper the global 3D printing materials market size by 2024.

3D Printing Materials & Equipment market research report includes in-depth coverage of the industry, with estimates & forecast in terms of volume in kilo tons and revenue in USD million from 2013 to 2024, for the following segments:

3D Printing Materials Market By Product
•    Ceramics
•    Plastics
•    Metals


3D Printing Materials Market By End-user
•    Electronics & Consumer Products
•    Automotive
•    Medical
•    Industrial
•    Education
•    Aerospace


3D Printing Equipment Market By Product
•    Polyjet
•    Fuse deposition modeling (FDM)
•    Selective laser sintering (SLS)
•    Stereolithography (SLA)
•    Colorjet


Browse Report Summery @ https://www.gminsights.com/industry-analysis/3D-printing-materials-market

In 2015, ceramic 3D printing materials market size was more than USD 100 million. These printer finds application across in plates, cups, saucers and statues. In addition, ceramic offers printing accessibility over elevated temperatures. Metal 3D printing materials market share shall witness gains close to 17% CAGR by 2024. Increasing product demand across industrial, aerospace, defense, and automotive due to substantial metal usage in these industries will positively boost the overall 3D printing material market size by 2024.

In 2015, the global 3D printing materials market size for electronics & consumer products accounted for more than 20% of the overall business share. Upgrading socio economic aspects including consumer spending pattern, lifestyle dynamics and income have positively influenced the electronic gadgets demand globally. This in turn will boost the overall 3D printing material market share by 2024.

Polyjet 3D printing equipment market share accounted for over 35% of the overall industry in 2015. In addition, SLS 3D printing equipment market size shall witness gains close to 15% CAGR between 2016 and 2024. Increasing SLS product applications in automotive and aerospace industries will stimulate business growth by 2024.

Make an inquiry for purchasing this report @ https://www.gminsights.com/inquiry-before-buying/1179

In 2015, North America 3D printing materials market size was over USD 200 million. Escalating electronic, automotive and aerospace industry in the region is the prime growth factor. Asia Pacific, mainly led by India, China and Japan is likely to observe highest growth more than 20% between 2016 and 2024. Inclining medical and pharmaceutical industry China and India is the chief factor driving the regional 3D printing materials market size by 2024.

In 2015, the 3D printing materials & equipment market size was highly consolidated with major industries holding more than 50% of the total business share. Some prominent business share contributors are Stratasys, Arkema, EOS GmbH, Hoganas, Solidscape, Concept Laser, 3D Systems, Voxeljet, Arcam, ExOne, Envisiontec, SLM Solutions, Optomec, Royal DSM and LPW Technology.
 



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Rahul Varpe

Rahul Varpe

Rahul Varpe currently writes for AlgosOnline. A communication Engineering graduate by education, Rahul started his journey in as a freelancer writer along with regular jobs. Rahul has a prior experience in writing as well as marketing of services and products online. ...

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