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The market growth of 3D printing materials is being aided by the increasing demand for additive manufacturing in various industries like automotive and medical, among others. The increasing mainstreamness of 3D printing owing to their cost-effectiveness and high productivity is also escalating the use of 3D printing materials, which is augmenting the market growth. Moreover, the rising demand for innovative materials for 3D printing is estimated to propel the market growth. The growing accessibility of innovative materials for 3D printing is also predicted to drive the growth of the market. In addition, the cost-effectiveness and enhanced reliability of innovative materials are projected to surge their demand, which is anticipated to fuel the market growth.
3D Systems Corporation (NYSE: DDD), one of the leading companies in the market, announced several innovations for its plastic materials portfolio in June 2020. The materials include Accura Fidelity, Figure-4 RUBBER- 65A BLK, Accura Patch, Figure 4 JEWEL MASTER GRY, and Accura Bond to enhance production applications. The products are engineered to deliver high-performing materials to bolster the accuracy, repeatability, and economic results and boost productivity during manufacturing. The products are designed for specific demands for industrial use. They are engineered for long-term environmental stability and address consumers’ demands, such as high production performance and excellent mechanical properties. Moreover, they improve the post-processing of investment casting processes while enabling the rapid creation of medium to large, easy-to-handle, and lightweight casting patterns to boost casting yields. Such innovative products are propelling the growth of the market.
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The major players in the global 3D printing materials market are 3D Systems Corporation, Evonik Industries AG, The ExOne Co., EOS GmbH, and BASF SE, among others. The comprehensive report by EMR looks into the market share, capacity, and latest developments like mergers and acquisitions, plant turnarounds, and capacity expansions of the major players.
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