Transparency Market Research (TMR) has released a new market study, titled “3D Printing Materials Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2014 - 2020”, which provides a 360-degree analysis of the proceedings of the global 3D printing materials market for the forecast period. Considering 2013 as the base year, the report provides a comprehensive analysis of the said market for the 2014-2020 period, supported by several facts and findings about the course of the market.
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According to the report findings, the global 3D printing materials market is expanding at a phenomenal 18.0% CAGR between 2014 and 2020 to reach a valuation of US$1.4 bn by the end of the forecast period. The market was worth US$450 mn in 2013, says the report. The volume of the global 3D printing materials market amounted to 2,000 kilo tons in 2013.
Due to consistent advancement of 3D printing technology, the adoption of the technology is on the rise in the education sector and in public sector enterprises, which is a newer trend observed for 3D printing, says the TMR report. This has given a boost to the 3D printing materials market. Governments across the world are also supporting the utilization of the technology by relaxing regulations to further impel growth of the market.Furthermore, product manufacturers are focused on developing newer 3D printing materials for the finished product to exhibit high-quality surface and high-strength properties. This will open new opportunities for the growth of the 3D printing materials market in the future.
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The product segments of the 3D printing materials market are plastics, metals, ceramics, and others (including wax and lay wood). Of these, plastics was registered to be the largest product segment in 2013, accounting for almost 48% of the total volume of the global market. The plastics product segment will be the fastest growing during the forecast period as the demand for electronics and other consumer products is on a continual rise.
The report examines the various applications that utilize 3D printing technology for an enhanced consumer experience. Based on application, industrial, aerospace, medical, consumer products, education, automotive, electronics, and others (including military and architecture) are the broad segments of the market. Amongst all, electronics and consumer products were responsible for as much as 23% of the overall market in 2013, trailed by the automotive segment. The application segment of electronics and consumer products will rise at a stupendous 17% CAGR from 2014 to 2020. Other than this, other application segments will also be on a growth trajectory during the forecast period, adds the report.The report divides the global 3D printing materials market into the regional segments of North America, Europe, Asia Pacific, and Rest of the World. Since 2013, North America has registered the largest market for 3D printing materials and the trend is likely to continue until the forecast period ends.
The 3D printing materials market is segmented as follows:
3D Printing Materials Market – Product Segment Analysis
- Others (Including wax and lay wood)
3D Printing Materials Market – Application Analysis
- Electronics & Consumer Products
- Others (Including military and architecture)
3D Printing Materials Market – Regional Analysis
- North America
- Asia Pacific
- Rest of the World
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