The Automotive 3D Printing Materials Market Will Increase TCCA by 16% Between 2016 and 2024 – The Newsman

Robust growth indicators in the aerospace and defense industry around the world will be the main engine of growth market of 3D printing materials over the forecast period. 3D printing materials and equipment are widely used in the automotive, electronics, aerospace, defense and medical and pharmaceutical industries with benefits such as freedom design, high speed precision and smooth surface finish. According to this new research report, the print equipment market will reach 9 billion USD.

The medical and pharmaceutical industry has become one of the major end users of 3D printing materials and equipment in recent years. The important applications of the product in the industry are the production of organs, including the manufacture of heart and liver and human tissues. It is used for the manufacture of dental crowns that are used in dental treatments. The increase in consumer health awareness is expected to positively influence the growth of the 3D printing materials market in the near future.

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The education sector is also a major contributor for the global market of 3D printing materials. The increasing market for desktop and office 3D printers in offices will accelerate demand for products in the coming years. However, the high overall cost of the product can adversely affect the growth of the 3D materials and equipment market during the forecast period. Technological advances and growing demand in different applications could open up new growth prospects for the product market in the near future.

Depending on the type of product, the market for ceramic 3D printing materials holds nearly 20% of the share of the industry. The product segment is expected to record significant gains thanks to its wide use in printing applications for plates, cups, saucers, figurines and statues. The metal segment of the 3D printing materials market is expected to grow more than 17% on schedule. The widespread demand for products in the defense and aerospace, industrial and automotive sectors has fueled the demand for 3D metal printing materials in recent years

The Electronics Segment and consumer goods has become the biggest end consumer. % of global product activity. The increase in consumer spending on consumer goods due to the increase in per capita income has had a positive influence on the demand for electronic gadgets and appliances around the world. This growing demand for products from the electronics industry is expected to fuel the growth of the 3D printing materials market on schedule.

Automobile manufacturing amounted to 9 million units in 2016 and could reach 125 million units in 2024. In addition, the automotive sector is expected to reach about 16 % of CAGR in the expected duration, which is an important indicator of the growth of the market of 3D printing materials by 2024.

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In 2016, North America accounted for more than USD 200 million and accounted for about 35% of the global market for 3D printing materials. The main driver of regional market growth is the burgeoning aerospace and defense industry, supported by governments through huge capital investments to strengthen the defense sector. [19659005] Asia Pacific. Particularly in China, Indonesia, India and Japan, technological advances in the automotive as well as in the medical and pharmaceutical industry will drive demand for products in the coming years.

In 2016, the market for 3D printing materials has been consolidated. % of market share of the industry. The main players in the industry are Voxeljet, ExOne, Optomec, Envisiontec, Royal DSM and Concept Laser. Other notable companies are EOS GmbH, LPW Technology, Stratasys, Arkema, Solidscape and Hoganas.