LONDON — (BUSINESS WIRE) — December 28, 2018 — Technavio analysts forecast the global 3D printing materials market to grow at a CAGR of over 39% during the forecast period, according to their latest market research report.
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Technavio has published a new market research report on the global 3D printing materials market from 2018-2022. (Graphic: Business Wire)
The use of 3D printing to manufacture models of drones and quadcopters is one of the major trends being witnessed in the global 3D printing materials market 2018-2022. The application of 3D printing is expanding in various industries. It is widely used in the aerospace, automotive, consumer products, healthcare, and other industries. It is also being used to manufacture models of drones and quadcopters. ABS, PLA, and other materials are commonly used to 3D print models of drones and quadcopters. MeshMixer, 123D design, and some other software solutions are used to design and manufacture models of drones and quadcopters. The models manufactured by 3D modeling are tested for surface roughness and dimensional safety, and then the electronic components and 3D printed parts are assembled together to make prototypes. The use of 3D printing to manufacture models of drones and quadcopters will drive the growth of the global 3D printing materials market during the forecast period,
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According to Technavio analysts, one of the key factors contributing to the growth of the global 3D printing materials market is the low wastage of cartridge in additive printing:
Global 3D printing materials market: Low wastage of cartridge in additive printing
Additive printing generates lower wastage due to the predetermination of the exact amount of materials required. Additive printing mitigates the waste generated by computerized numerical control (CNC) milling, which creates a rough shape initially to print the desired dimensions. 3D printing is an ideal solution to print products with detailed definitions as it can print fine details accurately. It also allows users to obtain the exact designs according to the requirement. Hence, the use of 3D printing reduces the volume of waste. The low wastage of cartridge in additive printing will drive the growth of the global 3D printing materials market during the forecast period.
According to a senior analyst at Technavio, “Apart from low wastage of cartridge in additive printing, factors such as emergence of new 3D printing materials, limited time required for 3D printing, and increasing number of M&A will boost the growth of the global 3D printing materials market.”
Global 3D printing materials market: Segmentation analysis
The global 3D printing materials market research report provides market segmentation by type of material (thermoplastic polymer, photopolymer, metal powder, others), and by region (the Americas, EMEA, and APAC). It provides an in-depth analysis of the prominent factors influencing the market, including drivers, opportunities, trends, and industry-specific challenges.
The Americas held the largest share of the market in 2017, followed by the EMEA and APAC respectively. Although APAC held the smallest share of the market, it is expected to witness the maximum increase in its market share over the forecast period followed by the EMEA region.
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Some of the key topics covered in the report include:
- Market ecosystem
- Market characteristics
- Market segmentation analysis
- Market definition
- Market size and forecast
Five Forces Analysis
- Regional comparison
- Key leading countries