Rapid Prototyping Materials Market Worth 903.8 Million USD by 2021
PUNE, India, August 12, 2016 /PRNewswire/ --
The report "Rapid Prototyping Materials Market by Type (Polymers, Metals, Ceramics), Form (Filament, Powder, Ink), Function (Conceptual, Functional Prototype), End User (Aerospace & Defense, Manufacturing & Construction, Healthcare) - Global Forecast to 2021", published by MarketsandMarkets, The global market was valued at USD 217.5 Million in 2015 and is projected to reach USD 903.8 Million by 2021, at a CAGR of 26.8% from 2016 to 2021.
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Browse 62 market data Tables and 52 Figures spread through 181 Pages and in-depth TOC on "Rapid Prototyping Materials Market"
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Increasing demand of rapid prototyping materials from end-use industries such as aerospace & defense, healthcare, and manufacturing & construction is driving the growth of this market.
Healthcare and aerospace & defense segments are expected to lead the rapid prototyping materials market during the forecast period
The healthcare and aerospace & defense are two highly critical end user segments that demand for stringent product dimensions, along with their compositions. Aerospace & defense and healthcare industries have initiated the use of 3D printing technology for prototyping applications. The latest technological advancements and invention of new materials in rapid prototyping have made aerospace & defense a major end user in the rapid prototyping market. Critical parts used in aerospace & defense are designed and developed using 3D printing technology, and tested before they can be used commercially. This further drives the demand of rapid prototyping materials in the aerospace & defense sector. Moreover, in the healthcare sector, metal rapid prototyping is used in several medical products, such as surgical equipment, prosthetics & implants, and tissue engineering products, thereby propelling the applicability of rapid prototyping materials in this sector.
Increased adoption of rapid prototyping materials in the aerospace & defense industry is expected to propel the growth of the rapid prototyping materials market
The aerospace & defense industry provides high growth prospects to key players operating in the Rapid Prototyping Materials Market. Growth in this market is mainly attributed to technological advancements and invention of new materials in the field of rapid prototyping.
The North America rapid prototyping materials market is expected to witness high growth owing to the increasing demand of these materials from varied end-use industries in this region
North America is the largest market for rapid prototyping materials, owing to the developed industrial sectors in this region. Europe has a large supplier base for rapid prototyping materials. Countries such as Germany, the U.K., France, and Italy in the European region are offering lucrative growth opportunities to major players in the rapid prototyping materials market.
Key players operating in this market include 3D Systems Corporation (U.S.), LPW Technology Ltd. (U.K.), EOS GmbH Electro Optical Systems (Germany), Carpenter Technology Corporation (U.S.), Renishaw Plc (U.K.), Arcam AB (Sweden), Stratasys Ltd. (U.S.), Oxford Performance Materials (U.S.), Royal DSM N.V. (Netherlands), and Arkema S.A. (France), among others.
Key strategic activities including new product developments, expansions, mergers & acquisitions, collaborations, and partnerships have been covered in this report on rapid prototyping materials. This report estimates rapid prototyping materials market size in terms of value and volume. It provides a comprehensive overview of drivers, restraints, challenges, opportunities, and key issues in the market. The rapid prototyping materials market has been segmented by type (polymers, metals, and ceramics), end user (aerospace & defense, healthcare, transportation, consumer goods & electronics, manufacturing & construction, and others), function (conceptual model, functional prototype), form (filament, powder, ink), and region (North America, Europe, Asia-Pacific, South America, and Middle East & Africa).
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