Global 3D Printing Materials Market Set to Record 18% CAGR by 2028

Date: February 09, 2023

Global 3D Printing Materials Market Set to Record 18% CAGR by 2028

The report on ‘Global 3D Printing Materials Market’ available with MarketStudyReport, provides information on global 3D printing materials market that is predicted to witness a healthy growth rate of 18% during 2022-2028.

Global 3D printing materials market expansion is ascribed to favorable government support for R&D across sectors, a considerable increase in additive manufacturing, mass customization linked to 3D printing, and the adoption of 3D printing technology in production.

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Rapid industrialization in developing countries, a rise in the requirement for print advertising, and higher investments in the healthcare sector are a few more drivers boosting market expansion. Additionally, the market is expected to grow as additive manufacturing is increasingly used to create different industrial parts.

The market is segmented on the basis of material, form, and industry type. Based on material type, this market is segregated into metals, plastic, and others. Among these, the plastic material segment is anticipated to hold a prominent share in worldwide 3D printing materials market during the review timeline, due to favorable government support for R&D across sectors.

Based on form type, the business space is divided into powder, liquid, and filament. Further, in terms of industry type, the market mentions the analysis of automotive, healthcare & medical, aerospace & defense, industrial manufacturing, and others.

Geographically, the marketplace is analyzed across North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America is anticipated to hold a prominent market share during the forecast period, owing to a considerable increase in additive manufacturing, mass customization linked to 3D printing, and adoption of 3D printing technology in production.

Global 3D printing materials industry consists of notable players operating in the business space like 3D Systems Corporation, Evonik Industries AG, Stratasys Ltd., Arkema S.A., General Electric Company, Materialise N.V., The ExOne Company, Koninklijke DSM N.V., and Hoganas AB.

Questions & Answers: Global 3D printing materials market

Question 1: What are the major factors driving the global 3D printing materials market growth?

Answer: The global 3D printing materials market expansion is ascribed to favorable government support for R&D across industries, a considerable increase in additive manufacturing, mass customization linked to 3D printing, and adoption of 3D printing technology in production.

Question 2: How will North America market influence global 3D printing materials market growth?

Answer: Considerable increase in additive manufacturing, mass customization linked to 3D printing, and adoption of 3D printing technology in production is impelling the demand for 3D printing materials in North America, thus making it an influential region for overall market expansion.

Question 3: Which are the prominent players involved in global 3D printing materials market?

Answer: Some of the key players that contribute substantially to global 3D printing materials market include 3D Systems Corporation, Evonik Industries AG, Stratasys Ltd., Arkema SA, General Electric Company, Materialise NV, The ExOne Company, Royal DSM N.V., and Hoganas AB.

For more details on this report: https://www.marketstudyreport.com/reports/global-3d-printing-materials-market-trends-analysis-and-forecast-2019-2028/

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