World News: 13:37 GMT Monday 27th May 2019. [Research and Markets via Globe Newswire via SPi World News]
Dublin, May 27, 2019 (GLOBE NEWSWIRE) -- The report has been added to offering.
The 3D printing materials market size is estimated to grow from USD 1.5 billion in 2019 to USD 4.5 billion by 2024, at a CAGR of 25% between 2019 and 2024.
3D printing has been regarded as one of the major disruptive technologies of this century transitioning from prototyping to a potential production method across various industries. 3D printing, also referred to as additive manufacturing, is expected to have a positive impact on various end-use industries, such as aerospace & defense, healthcare, automotive, and consumer goods.
The market is segmented into four types, namely, plastics, materials, ceramics, and other materials based on the 3D printing material type. The plastics material accounts for a major share of the overall 3D printing materials market because of its widespread application in various industries on account of its durability.
Nowadays, a wide variety of materials, including plastics, metals, and ceramics (supplied in different forms, such as powder, filament, and liquid), are available for 3D printing activities. The use of custom-made materials for a specific application is also on the rise, wherein manufacturers develop a niche and superior materials by modifying their properties as per the requirements.Some of the key players in the global 3D printing materials market are 3D Systems (US), Stratasys (US), Arkema SA (France), Materialise NV (Belgium), Evonik Industries (Germany), and General Electric (US). The key strategies adopted by the key players for enhancing their business revenue are expansions, new product development, acquisitions, and partnerships.
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Related Topics: 3D Printing
Globe Newswire: 13:37 GMT Monday 27th May 2019
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