LONDON, Oct. 5, 2016 /PRNewswire/ -- Use this report to:
Identify 3D printing media and additives with the greatest commercial potential in the near- to mid-term (2016 to 2021).
Analyze key drivers and constraints that will shape the market for these materials as the basis for projecting demand over the next five years.
Identify the companies which are best positioned to meet the demand for 3D printing materials consumption because of their proprietary technologies, strategic alliances, or other advantages.
Gain insight into the factors driving the market as well as which industries this technology pertains to the most.
The global market for 3-D printing materials reached $475.4 million in 2015.
This market is expected to reach $576.6 million in 2016 and over $1.5 billion in 2021, registering a compound annual growth (CAGR) of 21.5% over the next five years.
Photopolymers, the largest segment of the global market for 3D printing materials, should reach $334.6 million in 2016 and $711.8 million by 2021, increasing at a CAGR of 16.3% through 2021.
Ceramics, metals, and other materials as a segment should reach $93 million in 2016 and $423.5 million by 2021 at a 35.4% CAGR through 2021.
Three-dimensional (3-D) printing, also called additive manufacturing, is the process of making a three-dimensional solid from a digital model by depositing successive layers of material in different shapes. The first working 3-D printer was developed in the 1980s, but the high cost and limited range of applications of the earliest printers seemed to preclude their widespread use.
Since then, the introduction of new 3-D printing technologies such as 3-D inkjet printers has brought costs down. After a slow start, 3-D printing is poised for rapid growth. It took the 3-D printing industry more than 20 years to reach $1 billion in size in 2009, but only three years later, it reached $2 billion in 2012. Some projections place the market at more than $10 billion by 2021.
STUDY GOALS AND OBJECTIVES
This report is an update of an earlier (2014) BCC Research report, whose goal is to provide the reader with understanding recent developments in an important segment of the overall 3-D printing market (i.e., the market for printing materials and additives used in 3-D printing).
Specific objectives include:
Identifying 3-D printing media and additives with the greatest commercial potential in the near- to mid-term (2016 to 2021).
Analyzing the key drivers and constraints that will shape the market for these materials as the basis for projecting demand over the next five years.
Estimating current and future consumption of 3-D printing materials through 2021.
Identifying the companies that are best positioned to meet this demand because of their proprietary technologies, strategic alliances or other advantages
This report is intended for marketing executives, entrepreneurs, investors, venture capitalists and other readers who wish to know the direction in which the market for 3-D printing materials is headed over the next five years. The report addresses specific 3-D printing technologies and materials, but it is generally non-technical in nature and coverage. Thus, it is less concerned with theory and jargon than with identifying the materials with the greatest commercial potential, assessing the amount of these materials that the market is likely to purchase and determining the price at which they will sell. The report is not written specifically for material scientists and technologists, but many of these professionals will be interested in its findings concerning the market for their work, including the availability of government and corporate research funding for different technologies and applications.
Download the full report: https://www.reportbuyer.com/product/2354689/
Reportbuyer is a leading industry intelligence solution that provides all market research reports from top publishers
For more information:
Research Advisor at Reportbuyer.com
Tel: +44 208 816 85 48
To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/advanced-materials-for-3-d-printing-technologies-and-global-markets-300340138.html