The Rapid Prototyping Materials Market was valued at USD 217.5 Million in 2015 and is projected to reach USD 903.8 Million by 2021, at a CAGR of 26.8% between 2016 and 2021. Major factors driving the growth of the rapid prototyping materials market include high demand for product modification and development, low cycle time of printing, expected increase in supply capacity with forward integration, and development of application-specific grades.

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Browse 62 market data Tables and 52 Figures spread through 181 Pages and in-depth TOC on "Rapid Prototyping Materials Market"

The healthcare and aerospace & defense are two highly critical end user segments that demand for stringent product dimensions, along with their compositions. Aerospace & defense and healthcare industries have initiated the use of 3D printing technology for prototyping applications. The latest technological advancements and invention of new materials in rapid prototyping have made aerospace & defense a major end user in the rapid prototyping market. Critical parts used in aerospace & defense are designed and developed using 3D printing technology and tested before they can be used commercially. This further drives the demand of rapid prototyping materials in the aerospace & defense sector. 

The aerospace & defense industry provides high growth prospects to key players operating in the Rapid PrototypingMaterials Market. Growth in this market is mainly attributed to technological advancements and invention of new materials in the field of rapid prototyping.

North America is the largest market for rapid prototyping materials, owing to the developed industrial sectors in this region. Europe has a large supplier base for rapid prototyping materials. Countries such as Germany, the U.K., France, and Italy in the European region are offering lucrative growth opportunities to major players in the rapid prototyping materials market.

Key players operating in this market include 3D Systems Corporation (U.S.), LPW Technology Ltd. (U.K.), EOS GmbH Electro Optical Systems (Germany), Carpenter Technology Corporation (U.S.), Renishaw Plc (U.K.), Arcam AB (Sweden), Stratasys Ltd. (U.S.), Oxford Performance Materials (U.S.), Royal DSM N.V. (Netherlands), and Arkema S.A. (France), among others.

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For more details: https://www.prnewswire.com/news-releases/rapid-prototyping-materials-market-worth-9038-million-usd-by-2021-589996851.html

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