3D Printing Material Market Size, Share, Outlook, and Opportunity Analysis, 2020 - 2027

 

3D Printing Material Market

Critical metal and plastic components are manufactured using 3D printing materials. These materials are widely used in the production of aerospace components because they aid in the production of lightweight and fuel-efficient aircraft. There are three types of 3D printing materials: filament, liquid, and powder.

The aerospace industry was an early adopter of 3D printing technology. The technology is extremely useful for manufacturing complex parts. It gives designers the advantage of producing the best parts at the lowest possible cost. Metals, for example, are used in the manufacture of many aircraft parts such as wings, jigs, and engine parts. Titanium materials are commonly used in the aerospace industry as 3D printing materials because they have excellent mechanical properties and high dimensional accuracy during production. 3D printing technology is revolutionising the automotive manufacturing process.

The technology has enabled the industry to create more complex and lighter structures at lower costs. 3D-printed parts are used in many Formula One, supercars, and concept cars. For example, in the first quarter of 2018, Bugatti (France), a leading car manufacturer, revealed a 3D-printed brake calliper made of titanium.

The global 3D Printing Material Market was accounted for US$ 1,183.5 Mn in 2019 in terms of value and expected to grow at 18% CAGR (2020-2027) in the forecast period.

Government support for 3D printing technology is boosting the market for 3D printing materials. The technology of 3D printing is widely used in the defence and military sectors. Military products that can withstand harsh functional testing can be produced using 3D printing technology. The government of various countries is heavily investing in experimenting with and exploring 3D technology, which is further propelling market growth.

Rapid urbanisation and industrialization are propelling the global market for 3D printing materials. The rise in various manufacturing sectors, combined with an increase in urban population, is driving 3D printing material market growth. Furthermore, increasing grants from various regulatory bodies to adopt 3D printing technology are expected to drive 3D printing material market growth.

Health concerns about the materials used in printing technology are limiting market growth. The materials used in printing technology are highly toxic and can cause a variety of health problems. Products made with 3D printing technology are less durable than those made with other casting technologies. This factor limits the adoption of this technology, stifling the market growth of 3D printing technology.

Top Companies involved are 3D Systems, Inc., Arcam AB, Concept Laser GmbH, EOS GmbH Electro Optical Systems, ExOne GmbH, Solidscape, Inc., Optomec, SLM Solutions GmbH, Stratasys, Ltd.

 

Comments

Post a Comment

Popular posts from this blog

Forging has significant application in creation of various metal for wide range of applications

Image
Forging refers to any process that produces metal from scratch by subjecting it to an external force. Metal forgers can be persons or machines. This techniques may involve grinding (for example, to produce alloyed steel) or may involve the application of pressure to apply heat to the metal piece until it is malleable. The actual process depends on various factors, including the material being forged, its shape, and the degree of stress that is placed on it. Forged grain is the product of Forging with grains of metals pushed against each other through a forge-like tool and into the cladding that forms the final shape of the metal after it has been done. It is the principal production process in most metals. It uses local or repetitive thrusts delivered by a hammer or die to apply mechanical blows to the metal piece until it becomes malleable. It is frequently classified according to the speed at which it's done: fast, cold, or hot. There are many types of forgers available today...
Read more

Ginseng Market Outlook, Analysis and forecast up to 2028

Image
  Ginseng Market Ginseng is a slow-growing perennial plant with green oval-shaped leaves and meaty roots that can persist for more than a century. Ginseng is classified into two types: American ginseng and Asian ginseng. Panax quinquefolius is the scientific name for American ginseng, whereas Panax ginseng is the scientific name for Asian ginseng. Ginseng is widely used as a herb to increase the body's energy levels. Ginseng's antioxidant and anti-inflammatory qualities serve to enhance the immune system, lowering the risk of viral and microbial infections. Ginseng also helps to lower the risk of diseases such as lung cancer, skin cancer, and liver cancer. Other health advantages of ginseng include lower blood sugar levels and improved cognitive functions such as memory and conduct. Ginseng is mostly grown in the United States, Canada, and South Korea. Ginseng has been used as a herbal medicine in China for generations, and the country is one of its largest users. Asia Pacifi...
Read more

The Vaccine Contract Manufacturing Industry to Flourish Due to Urgent Need to Develop Reliable and Cost-Effective Vaccines against Covid-19

Image
Germany Vaccine Contract Manufacturing industry is expected to witness significant growth in the near future, due to emergence of Covid-19. In Germany, from 3 January 2020 to 4:06pm CEST, 18 August 2021, there have been 3,835,375 confirmed cases of COVID-19 with 91,921 deaths, reported to WHO. As of 15 August 2021, a total of 97,884,043 vaccine doses have been administered. The increasing demand for safe and cost-effective vaccines due to unmatchable quality, consistent delivery, and unparalleled security, have contributed to the increasing growth and scope of this industry. The increasing demand for vaccines and resulting profit potential have led to significant growth in the number of contract manufacturing plants located across the world. A major focus of such plants is developing cost effective, high quality vaccines that could be made available to public health organizations and other medical organizations. Several new and innovative technologies are also being developed to man...
Read more