3D Printing Materials Market Size to grow by USD 8143.4 million between 2024-2028
Technavio, a leading provider of market research reports, has released its latest study on 3D Printing Materials Market. This report offers a comprehensive analysis of the current market trends, emerging opportunities, and key challenges.
Key Highlights:
The market size is estimated to grow by USD 8143.4 million, at a CAGR of 32.58% during the forecast period. The 3D printing industry is experiencing significant growth due to its increasing application across various sectors, including aerospace, automotive, consumer products, healthcare, and drone manufacturing. Notably, 3D printing is revolutionizing the production of drones and quadcopters, with materials such as ABS and PLA being commonly utilized. Design software solutions like MeshMixer and 123D design facilitate the creation and manufacturing of drone models. Post-production testing for surface finish and dimensional accuracy ensures product safety and reliability. The assembly of electronic components and 3D printed parts culminates in the production of functional prototypes, propelling the expansion of the global 3D printing materials market.
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The 3D printing materials market is experiencing significant growth, driven by the increasing adoption of additive manufacturing technologies in various industries. Key players in this market include BASF SE, Evonik Industries AG, and Arkema SA, who offer a range of high-performance materials for 3D printing applications. These materials include polymers, metals, and ceramics, which cater to diverse sectors such as automotive, aerospace, healthcare, and consumer goods. The market's expansion is fueled by the advantages of 3D printing, such as reduced production time, design freedom, and cost savings.
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