3D printing is method of manufacturing 3D object with the help of digital file using 3D printing materials. 3D Printing materials are playing an important role in 3D printing technology, as object which are printed with these materials can be used for various industrial and non-industrial applications. 3D printing technology is expected to bring revolutionary changes in manufacturing sector; therefore, there is a huge addressable market that is available for the 3D printing material. This is a major driving force that is influencing the growth of the market. 3D printing industry is expected to generate $9.2 billion revenue by 2020. Plastic is a major attractive material segment in 3D material market as it is durable and flexible; moreover, it also available in wide range of colors. This gives multiple choices to the end-user in printing objects in various shapes and colors. Due to these features, it is expected that 3D printing material is going to experience aggressive adoption in the next five to six years.
There are some printers that are able to handle multiple materials at the same time to print the 3D objects; this makes manufacturing process much more easy as compare to conventional methods such as CNC. A single machine can handle multiple materials and give better output, and this is the key factor that is impacting the adoption of 3D printers. Therefore, the resultant would be an increased use of the 3D printing materials in many business verticals.
Switching over to the 3D printing technology is costly. The cost factor would impact the demand and lower the adoption of 3D printers. As technology develops, it is expected that the cost will decrease and ultimately would impact the adoption of 3D printer and 3D materials in manufacturing. Availability of 3D printing materials currently is limited; however, many companies are investing in R&D of 3D printer materials by understanding the potential for the market.
Key companies profiled in the report are 3D system, Inc., Arcam AB, CRP Group, DSM Desotech , Inc., Envisiontec Gmbh, Hoganas AB, LPW Technology Ltd., Voxeljet AG, Stratasys Ltd and Materialise Nv.
KEY MARKET SEGMENTS