3D printing materials market growing more than 20% CAGR up to 2024

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3D Printing Materials Equipment Market By
Products (Plastics, Ceramics, Metals), 2017 -
2024
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Global Market Scenario of 3D Printing Materials
Equipment Industry

• 3D Printing Materials Market is likely to
  surpass USD 3 billion, 3D Printing Equipment
  Market will exceed USD 9 billion by 2024 as per
  new research report by Global Market Insights,
  Inc.
• Robust growth in the aerospace industry on
  account of reduced fair, government investment in
  space research, massive new aircraft
  manufacturing backlogs and defense investment for
  enhancing their defense forces has positively
  influence the overall 3D printing equipment
  market size. The civil aviation business is
  witnessing escalating growth due to socio
  economic factors such as increasing consumer
  income. Airline passenger traffic across the
  globe was more than 5.5 RPKs billion in 2013 and
  by 2033, is forecast to exceed 15 RPK billion.
  These factors will positively impact demand, as
  the product is extensively used in the aerospace
  industry for injection molding and rapid
  prototyping applications.

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Continue.....

• Positive growth indicators across automotive,
  education, medical and pharmaceutical
  applications offer strong global 3D printing
  materials market growth potential. For instance,
  the global automotive manufacturing business is
  likely to expand at over 4 CAGR between 2016 and
  2024. This trend is mainly driven by increasing
  personal vehicle sales in the BRIC nations on
  account of improving consumer lifestyle dynamics.
  Furthermore, technological developments in the
  medical and pharmaceutical industry has propelled
  the product demand in the medical applications
  such as tissue fabrication and organ
  manufacturing. Associated high product cost is
  the major hindrance faced by the industry share
  contributors and thus may hamper the global 3D
  printing materials market size by 2024.
• In the aerospace industry, it enables stimuli to
  industry changes and faster iteration.
  Furthermore, the civil aviation industry is
  focused on expansion via strategic partnerships
  alliances such as frequent flyer programs (FFP),
  onboard duty-free sales and annual subscriptions
  for premium services.

Latest Research Report On 3D Printing Materials
Equipment Market_at_ https//www.gminsights.com/indus
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360 Industry Analysis

• Product Analysis-
• In 2015, ceramic 3D printing materials market
  size was more than USD 100 million. These printer
  finds application across in plates, cups, saucers
  and statues. In addition, ceramic offers printing
  accessibility over elevated temperatures.
• Metal 3D printing materials market share shall
  witness gains close to 17 CAGR by 2024.
  Increasing product demand across industrial,
  aerospace, defense, and automotive due to
  substantial metal usage in these industries will
  positively boost the overall 3D printing material
  market size by 2024.
• Polyjet 3D printing equipment market share
  accounted for over 35 of the overall industry in
  2015. In addition, SLS 3D printing equipment
  market size shall witness gains close to 15 CAGR
  between 2016 and 2024. Increasing SLS product
  applications in automotive and aerospace
  industries will stimulate business growth by
  2024.

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Regional Analysis In 2015, North America 3D
printing materials market size was over USD 200
million. Escalating electronic, automotive and
aerospace industry in the region is the prime
growth factor. Asia Pacific, mainly led by India,
China and Japan is likely to observe highest
growth more than 20 between 2016 and 2024.
Inclining medical and pharmaceutical industry
China and India is the chief factor driving the
regional 3D printing materials market size by
2024. Competitive Analysis In 2015, the 3D
printing materials equipment market share was
highly consolidated with major industries holding
more than 50 of the total business share. Some
prominent business share contributors are
Stratasys, Arkema, EOS GmbH, Hoganas,
Solidscape, Concept Laser, 3D Systems, Voxeljet,
Arcam, ExOne, Envisiontec, SLM Solutions,
Optomec, Royal DSM and LPW Technology.
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Latest Research Report On 3D Printing Materials
Equipment Market_at_ https//www.gminsights.com/indus
try-analysis/3D-printing-materials-market
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1179 Request for customization https//www.
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