The global rapid prototyping materials market is segmented by material into metal, polymer, ceramic and others; by technology into subtractive and additive; by form into ink, filament and powder; by end-user industries into transportation, aerospace & defense, healthcare, consumer goods & electronics and manufacturing & construction and by regions. Rapid Prototyping Materials Market is anticipated to mask a CAGR of 14.8% during the forecast period i.e. 2018-2027.
Rapid Prototyping technology has been growing widely in order to manufacture various automotive, building and healthcare machinery parts. The application of rapid prototyping has led to the application of new forms of materials with higher durability as well as flexibility to standardize according to the prototype. Rapid prototyping are also used in making of customized jewelries, military weapons, and aerospace parts. The wide range application of rapid prototyping in various end-use industries helps with not just marketing of the products at reduced time range but also in maintaining the quality of the products. The materials generally used for rapid prototyping include metals, polymers and ceramics out of which polymers are the highest demanded materials in the industries.
As a precursor to building materials in various end-user industries, North America is panned to observe substantial Rapid Prototyping Materials Market growth on account of its innate nature of adopting technological advanced products and materials in their nascent stage. North America is expected to be followed by Asia-Pacific in terms of consumption due to expanding rapid prototyping materials requirements in healthcare and aerospace industries. Europe is expected to drive demand and positively impact rapid prototyping materials market growth over the forecast period owing to increasing rapid prototyping materials application for aerospace and defense machineries building processes.
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Growing Applications due to Higher Durability
The application of rapid prototyping has led to the application of new forms of materials with higher durability as well as flexibility to standardize according to the prototypes.
Rapid industrialization has resulted in economic development with thriving manufacturing sector which is expected to boost the rapid prototyping materials market across the globe.
However, higher cost constraints and low awareness regarding these materials among the manufacturer population in developing regions of the world is expected to serve as a hindrance in the sturdy growth of the rapid prototyping materials market.
The report titled “Global Rapid Prototyping Materials Market: Global Demand Analysis & Opportunity Outlook 2027” delivers detailed overview of the global rapid prototyping materials market in terms of market segmentation by application, end-user industries and by regions.
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Further, for the in-depth analysis, the report encompasses the industry growth drivers, restraints, supply and demand risk, market attractiveness, BPS analysis and Porter’s five force model.
This report also provides the existing competitive scenario of some of the key players of the global rapid prototyping materials market which includes company profiling of 3D Systems Corporation, Arkema S.A., CRP Group, Carpenter Technology Corporation, EOS GmbH Electro Optical Systems, GKN PLC, Höganäs AB, LPW Technology Ltd., Lithoz GmbH, Materialise NV and Oxford Performance Materials. The profiling enfolds key information of the companies which encompasses business overview, products and services, key financials and recent news and developments. On the whole, the report depicts detailed overview of the global Rapid Prototyping Materials market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.
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