10 Business Trends That Will Grow in 3D Printing Materials Market [2017 - 2021]

3D Systems Corporation (U.S.), Arcam AB (Sweden), Arkema S.A. (France), Royal DSM N.V. (Netherlands), ExOne GmbH (Germany), Stratasys Ltd. (U.S.) are the few leading players of the 3D printing materials market. 3D Systems Corporation provides 3D printing materials to various industries to grow its business. It creates and maintains its market value by making new products with unique features that enable market differentiation. As a part of its growth strategy, the company mainly focused on new product development and acquisition.

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The global 3D printing materials market is projected to grow from USD 530.1 Million in 2016 to USD 1,409.5 Million by 2021, at a CAGR of 21.60% during the same period. The high growth of the market is due to the adoption of 3D printing technology in the U.S., Germany, and developing countries such as South Korea, Brazil, and China. The growing aerospace & defense, medical & dental, and automotive industries in these countries are driving the 3D printing materials market.

The major applications of 3D printing materials are aerospace & defense, medical & dental, automotive, and consumer goods. Other applications include fashion, electronics, art & sculpture, jewelry, food, and architecture. Aerospace & defense is estimated to be the fastest-growing application of the 3D printing materials market during the forecast period. Titanium-based 3D printing materials offer high strength and stiffness, resulting in greater demand in the medical and aerospace & defense applications. The 3D printing technology has a wide range of applications in the consumer goods industry that is expected to drive the 3D printing materials market. In the 3D printing industry, mass customization is one of the latest developments that enable the designing of materials made by using either plastics or metals for various applications. Jewelers, watchmakers, and gadget manufacturers generally operate in regions where the technology is used extensively.

Currently, North America is the largest consumer of 3D printing materials. The U.S., Germany, and China are the major 3D printing materials markets. The North American region is projected to register the highest CAGR during the forecast period. Brazil is expected to drive the 3D printing materials market in the RoW region. The growth of aerospace & defense industry and focus toward harnessing the benefits of 3D printing technology has led to growth of 3D printing materials market.

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Target Audience

3D printing materials manufacturers

Raw material suppliers

Distributors & suppliers

Industry associations

“The study answers several questions for the stakeholders, primarily which market segments to focus in next two to five years for prioritizing the efforts and investments.”