The major factors that drive 3D printing materials market are the hasty acceptance of 3D printing technology from prototyping, concept modelling, product designing, and to end product production. There are also the growing consciousness and market invasion of 3D printing technology in almost all business sectors such as in medical world, aerospace, automotive, and customer goods.
The continuous lowering cost of 3D printers is the reason behind its wide acceptance, thus leading the growing demand of 3D printing materials. North America is expected to stay as the leading region because of the ever increasing growth in end use applications market in emerging markets, including India and China. There are also huge investment coming from the regional players on research and development. They are into wide expansion of the product portfolio attributed to high consumption of 3D printing materials.
Lucintel, one of the leading global management consulting and market research firm, has made an analysis that 3D printing materials in global market vary by applications, material types, and regions, and they have come up with a comprehensive research report entitled Global 3D Printing Materials Market 2015-2020: Trends, Forecast, and Opportunity Analysis. This report shows a keen study and observation of global 3D printing market ranging from the market trends to growth opportunities, key drivers, emerging trends and as far as the company profiles of the leading suppliers in the market.
Here’s a summary of the global 3D printing materials market by applications.
- North America
- Asia Pacific
- Rest of World