3D Printing Materials Market Research Report 2022-2027
IMARC Group’s latest research report, titled “3D Printing Materials Market: Global Industry Trends, Share, Size, Growth, Opportunity, and Forecast 2022-2027,”?The global?3D printing materials market size?reached a value of US$ 1.91 Billion in 2021. Looking forward, IMARC Group expects the market to reach a value of?US$ 5.67 Billion by 2027, exhibiting a?CAGR of 18.60% during 2022-2027.
3D printing refers to producing three-dimensional parts from a metal-based material. It relies on a digital data file that is transmitted to machines to build the component by layering the materials, either with an energy source or a binding agent. The primary materials used in 3D printing include metal, plastic (polymer), and ceramic, which are further utilized in three different forms: powder, filament, and liquid. Some of the most commonly used 3D printing materials include polymer and titanium materials, which find widespread applications in the consumer goods and the aerospace industries, respectively.
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Market Trends:
The global market is primarily driven by the increasing applications of these materials across a wide array of end-use industries, such as automotive, defense, aerospace, and electrical and electronics. In addition, the rising adoption of 3D materials in the medical accelerate for prototyping and producing implants and prosthetics, surgical equipment, and tissue engineering products in the healthcare sector is also providing a significant boost to the market. Furthermore, considerable investments in the metallurgy sector, extensive research and development (R&D) activities, and the increasing artificial intelligence (AI) and machine learning (ML) applications are creating a positive outlook for the market.
Key Players Included in Global 3D Printing Materials Market Research Report:
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