3D printing is one of the fastest growing technologies and is being rapidly adopted technology for manufacturing and other applications by various industries. The 3D printing materials market generates widespread growth owing to a plethora of features including reduced risk error, cost-effectiveness, and high preference for mass production. 3D printing materials market is extrapolated to record a high CAGR caused by growth in popularity across diverse applications during the forecast period. Introduction of new printing materials for instance metals may further boost the growth rate of the 3D printing materials market. Additionally, growth in adoption of 3D printing technology in the medical field to create artificial organs like cardiac tissues, kidney cells, human liver and other human organ tissues for transplantation is fueling the growth of 3D printing material industry.
As per analysis, Asia Pacific 3D Printing Materials Market 2020-2030 by Material Type, Material Form, Technology, Use Type (Commercial, Personal), Application, Industry Vertical, and Country: Trend Forecast and Growth Opportunity the key companies operating in the Asia-Pacific 3D printing materials market include CRP Technology Srl, CRP Technology Srl, Arkema Group, Koninklijke DSM N.V., 3D Systems Corporation, BASF, EOS GmbH Electro Optical Systems, Hoganas AB, Mcor Technologies Ltd., CRP Technology Srl, LPW Technology Ltd., Shenzhen eSUN Industrial Co., Ltd, Materialise, Solidscape Inc., Sandvik AB, SLM Solutions GmbH, Solvay, Formlabs Inc., Stratasys Ltd. and among others. These renowned players consistently aim to focus on product development, novel product launch and improve their existing portfolios to increase their customer base & strengthen their market-position through partnerships & collaborations which further provides them growth opportunities for geographic expansion.
3D printing technology is segregated as component, technologies, applications and end-user industries. Determined by the component type, product type is segregated as industrial and personal 3D Printers. Additionally, the plastics, polymer, metal & alloys and ceramics are the significant sub-segments of 3D-printing material types available in the regional market. In addition, based on technology type, 3D printing is segregated as selective laser sintering fused deposition modeling, electron beam melting, stereo lithography, and laminated object manufacturing technologies.
Rise in funding in Research & Development (R&D) initiatives, followed by favorable government policies and growth in industrial base are some major factors, which are responsible for growth of the Asia-Pacific 3D printing materials market. Furthermore, rise in concept of dental 3D printing and launch of dental-labs has completely revolutionized the 3D printing technology in healthcare sector, in turn displaying the promising advancements in the field of medical and dental sectors.
For better investigation & penetration of 3D printing solutions, Asia-Pacific 3D printing materials market is segmented into distinct region and countries like India, China, Japan, South Korea, Malaysia, Singapore, and Rest of Asia-Pacific. Asia-Pacific is likely to register the drastic advancement during the forecast period owing to influx of numerous players, strong expertise in 3D printing technology coupled with rise in expenditure on 3D solutions. It is predicted that future of the Asia-Pacific 3D printing materials market will be bright as a result of presence of various automotive manufacturers and rise in need for better passenger vehicle designs with advanced infotainment systems during the forecast period.
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Asia Pacific 3D Printing Materials Market Research Report
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