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:

• Market Research Overview: Technavio positions the 3D printing materials market as a segment of the broader global technology hardware, storage, and peripherals market, which is a significant component of the overall global information technology market. This market encompasses manufacturers of various technology hardware, including cellular phones, personal computers, servers, and electronic computer components. Additionally, it covers data storage components, motherboards, audio and video cards, monitors, keyboards, printers, and other peripherals. The global technology hardware, storage, and peripherals market size is determined by the revenue generated from the sales of these hardware devices, equipment, and components. Key growth drivers for this market include the escalating demand for data centers, fueled by the surge in work-from-home technologies amidst the COVID-19 pandemic. - The 3D Printing Materials Market is experiencing significant growth, fueled by the Low wastage of cartridges in additive printing. Businesses are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.

• Major Findings:
  • Low wastage of cartridges in additive printing
  • Emergence of new 3D printing materials
  • High cost of 3D printing equipment and materials
  • Inadequate technological infrastructure in developing and underdeveloped countries
• Growth Projections

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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• Regional Insights

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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