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(CityRegions.Com, January 06, 2017 )
The 3D printing materials market is estimated to grow to USD 1,408 Million in 2020 from USD 540 Million in 2016, with a CAGR of 20 %.
This report focuses on both current and future status, opportunities and market forecasts of 3D printing materials totally in global and China. It also includes the forecast of sales (consumption), production, import and export of 3D printing material in North America, Japan, Europe and China, forecast to 2020, from 2016.
The massive growth in the use and applications of 3D Printers is driving a massive growth in the market for 3D Printing Materials.
This report analyzes the price of the 3D Printing materials and the downstream applications. On basis of segments by applications, this report focuses on the design process and consumption of 3D printing material in major applications, including food industry, architectural design, medical industry, automobile manufacturing industry, traditional manufacturing industry, scientific research, product prototype, protection of cultural relics, accessories and jewelry, aerospace, energy and military.
Due to the growing application in the field of automotive and aerospace, metal has become a rapidly expanding field, however, at present plastic is still in account for about 47% of the market. The development of polymer and compound materials is expected to be the most popular part of the market.
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The study provides forecast of the global 3D printing materials market considering the factors driving and limiting the market growth and potential opportunities for the growth. Detailed forecasts, using information from interviews in the industry and disclosed financial information, estimate the key materials are expected to have a total market of over $7.5 B by 2020. The material market will have a much higher growth rate than the 3D printing industry with about average 20% in the future 5 years.
In conclusion, there will be a bright future of this industry, As for personal electronics, consumer electronics, automotive, aerospace and medical industries are more and more demanding for the application of 3D printing. Especially when the industrial or commercial market begin to play the role of using 3D printing, even though the competition also will be very fierce.
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