Rapid Prototyping Materials Market to Hit USD 1,496.7

Pune India, March 24, 2022 (GLOBE NEWSWIRE) — The rapid prototyping materials market size was valued at USD 455.3 million in 2020. The market is projected to rise from USD 491.7 million in 2021 to USD 1,496.7 million by 2028 at a CAGR of 17.2% during the forecast period 2021-2028. Fortune Business Insights™ has deep-dived into these insights in its latest research report titled, “Rapid Prototyping Materials Market, 2021-2028.”

According to the study, rapid prototyping technologies have gained traction to test the innate ability of materials. Prominent companies are slated to inject funds into advanced materials for tremendous chemical and physical properties. For instance, in November 2021, Arkema introduced a custom UV-curable formulation to streamline 3D printing technology. Leading companies are expected to boost their strategies to keep up with the demand for advanced polymer resins in 3D printing technology. Meanwhile, the emergence of the COVID-19 pandemic did not augur well for the business outlook.

COVID-19 Impact

Disruption in Industrial Activities to Dent Growth Prospect

A potential halt in supply chain activities, including raw material supply amidst the COVID-19 pandemic compelled industry players to rethink their strategies. Further, fluctuation in trade regulation and plunging demand for the product became pronounced in 2020 and 2021. Therefore, the penetration of 3D printing technologies observed a major setback across the advanced and emerging economies.

Get a Sample PDF Brochure:

https://www.fortunebusinessinsights.com/enquiry/request-sample-pdf/rapid-prototyping-materials-market-106524

Major Players Profiled in the Rapid Prototyping Materials Market Report:

  • Arkema S.A. (France)
  • Stratasys, Ltd. (Israel)
  • 3D Systems Corporation (U.S.)
  • Covestro A.G. (Germany)
  • EOS GmbH (Germany)
  • CRP Technology S.r.l. (Italy)
  • Oxford Performance Materials (U.S.)
  • Materialise NV (Belgium)
  • Tethon 3D (U.S.)
  • 3DCeram (France)
  • Nexa3D (U.S.)

Segments

Material, Application, and Region are Studied

Based on material, the market is segmented into metal & alloys, thermoplastics, ceramics, and others.

In terms of application, the market is segregated into electronics & consumer goods, construction & manufacturing, automotive, medical & healthcare, aerospace & defense, and others.

With respect to geography, the market is studied across North America, Asia Pacific, Europe, and the Rest of the World.

Report Coverage

The report highlights top-down and bottom-up approaches to offer a holistic view on product mapping of both emerging players and well-established companies. Besides, primary sources, including interviews with major stakeholders and opinion leaders have also been used in the report-making. The report includes secondary sources, such as SEC filings, press releases, and website reports, fostering the veracity of the report. The report includes qualitative and quantitative analysis to provide a comprehensive view of the global market.

Drivers and Restraints

Strong Demand from Manufacturing Sector to Augment the Uptake of Advanced Technologies

Stakeholders expect strong demand for rapid prototyping technologies in the manufacturing sector over the next few years. End-users are likely to seek cost-efficiency as a major driver to have the upper hand over traditional prototyping techniques. Leading companies are expected to explore opportunities in evaluation and testing to minimize risk and flaws during mass production. Major attributes, such as functionality, cost-effectiveness, and aesthetics, are expected to foster the rapid prototyping materials market growth.

However, surging cash outflow, along with lag in accuracy & surface finishing, could dent the industry outlook during the forecast period.

Get a Customized PDF Brochure:

https://www.fortunebusinessinsights.com/enquiry/customization/rapid-prototyping-materials-market-106524

Regional Insights

North America to Provide Lucrative Opportunities with Expanding Industrial Sector

Industry players are expected to expand their footprint across the U.S. and Canada due to burgeoning urbanization. Besides, the industrial sector is poised to exhibit profound demand for rapid prototyping materials. The North America market size was valued at USD 175.7 million in 2020 and will witness a similar trend due to the inclination for 3D printing technologies.

Stakeholders envisage Europe as a favorable investment hub due to soaring demand for rapid prototyping across aerospace & military, consumer goods, electronics, and automotive sectors. The Europe rapid prototyping materials market share will witness a notable gain, owing to investments in metals and thermoplastics. Advanced economies, such as the U.K., are slated to seek robust technologies to expand their global presence.

Rapid prototyping materials are expected to be in demand across Asia Pacific, with Japan, China, and South Korea leading from the front. Easy availability of raw materials and expansion of service centers will be noticeable in the ensuing period. Moreover, an exponential rise in industrialization will encourage leading companies to bolster their footfall.

Competitive Landscape

Stakeholders to Infuse Funds into Organic and Inorganic Strategies to Tap Markets

Both well-established players and new entrants are slated to invest in product launches, mergers & acquisitions, technological advancements, and R&D activities. Prevailing trends indicate leading companies are slated to focus on geographical expansion during the forecast period.

Key Industry Developments

  • November 2021 – EOS GmbH Electro Optical Systems introduced a new aluminum alloy Al2139 AM for 3D printing technologies. The material offers excellent strength at higher temperature range and enables the formation of low-weight parts without compromising the strength.
  • August 2021 – Tethon 3D entered in a partnership with Fortify to extend applications of advanced ceramics for 3D printing technology. The material will be supplied by Tethon 3D and used by Fortify advanced 3D printing technology. Both companies are combining their expertise to develop & use a high-performance technical ceramics to tap the potential growth opportunities in the global 3D printed technical ceramics market. 

Speak to Our Expert:

https://www.fortunebusinessinsights.com/enquiry/speak-to-analyst/rapid-prototyping-materials-market-106524

Detailed Table of Content:

  • Introduction
    • Research Scope
    • Market Segmentation
    • Research Methodology
    • Definitions and Assumptions
  • Executive Summary
  • Market Dynamics
    • Market Drivers
    • Market Restraints
    • Market Opportunities
  • Key Insights
    • Key Industry Trends
    • Key Developments
    • Latest Technological Advancements
    • Insights on Regulatory Scenario
    • PEST Analysis
  • COVID-19 Impact Analysis
    • Supply Chain Challenges
    • Steps taken by Companies to overcome the COVID-19 impact
    • Potential Opportunities due to the COVID-19 outbreak
  • Global Rapid Prototyping Materials Market Analysis, Insights and Forecast, 2017-2028
    • Key Findings / Summary
    • Market Analysis, Insights and Forecast – By Material (Value)
      •  Thermoplastics
      •  Metal & Alloys
      •  Ceramics
      •  Others
    • Market Analysis, Insights and Forecast – By Application (Value)
      •  Construction & Manufacturing
      •  Electronics & Consumer Goods
      •  Automotive
      •  Medical & Healthcare
      •  Aerospace & Defense
      •  Others
    • Market Analysis, Insights and Forecast – By Region (Value)
      •  North America
      •  Europe
      •  Asia pacific
      •  Latin America
      •  Middle East & Africa

TOC Continued…!

Inquire Before Buying This Research Report:

https://www.fortunebusinessinsights.com/enquiry/queries/rapid-prototyping-materials-market-106524

Have a Look at Related Research Insights:

Aerospace Additive Manufacturing Market  Size, Share & Industry Analysis, By Platform (Aircraft, Unmanned Aerial Vehicle, Spacecraft), By Material Type (Metal Alloy, Plastic, Rubber, Others), By Application (Engine, Structural, Others), By Technology (3D Printing, Laser Sintering, Stereolithography, Fused Deposition Modelling, Electron Beam Melting) And Regional Forecast 2022-2029

3D Printing Market  Size, Share & COVID-19 Impact Analysis, By Component (Hardware, Software, Services), By Technology (FDM, SLS, SLA, DMLS/SLM, Poly jet, Multi Jet Fusion, DLP, Binder Jetting, EBM, CLIP/CDLP, SDL, LOM), By Application (Prototyping, Production, Proof of Concept, Others), By End User (Automotive, Aerospace, and Defense, Healthcare, Architecture and Construction, Consumer Products, Education, Others) and Regional Forecast, 2021-2028

About Us:

Fortune Business Insights™ delivers accurate data and innovative corporate analysis, helping organizations of all sizes make appropriate decisions. We tailor novel solutions for our clients, assisting them to address various challenges distinct to their businesses. Our aim is to empower them with holistic market intelligence, providing a granular overview of the market they are operating in.

Contact Us:

Fortune Business Insights Pvt. Ltd.

9th Floor, Icon Tower,

Baner – Mahalunge Road, Baner,

Pune-411045, Maharashtra, India.     

Phone:

US: +1 424 253 0390

UK: +44 2071 939123

APAC: +91 744 740 1245

Email: [email protected]

Connect us via Social Media Channels:

LinkedIn  Facebook  Twitter Blogs

https://www.globenewswire.com/news-release/2022/03/24/2409212/0/en/Rapid-Prototyping-Materials-Market-to-Hit-USD-1-496-7-Million-by-2021-2028-Rapid-Prototyping-Materials-Industry-CAGR-of-17-2.html

Next Post

Western accountants and consultants face pressure to abandon Russia

Fri Mar 25 , 2022
Western consultants and accountants have poured into Russia for three decades, capitalising on booming international trade triggered by the collapse of the Soviet Union. Professional services groups sought to sidestep geopolitical tensions as they built global empires but the invasion of Ukraine is forcing them to weigh up whether continuing […]