The report "Rapid Prototyping Materials Market by Type (Polymers, Metals, Ceramics), Form (Filament, Powder, Ink), Function (Conceptual, Functional Prototype), End User (Aerospace & Defense, Manufacturing & Construction, Healthcare) - Global Forecast to 2021", The global 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% from 2016 to 2021.

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Increasing demand of rapid prototyping materials from end-use industries such as aerospace & defense, healthcare, and manufacturing & construction is driving the growth of this market.

Healthcare and aerospace & defense segments are expected to lead the rapid prototyping materials market during the forecast period

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. Moreover, in the healthcare sector, metal rapid prototyping is used in several medical products, such as surgical equipment, prosthetics & implants, and tissue engineering products, thereby propelling the applicability of rapid prototyping materials in this sector.

Increased adoption of rapid prototyping materials in the aerospace & defense industry is expected to propel the growth of the rapid prototyping materials market

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

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The North America rapid prototyping materials market is expected to witness high growth owing to the increasing demand of these materials from varied end-use industries in this region

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.

Silicone resin is the fastest-growing type of heat resistant coating

Silicone resin is the fastest-growing type of heat resistant coating, globally. This is due to its effective durable properties for exterior exposures, excellent performance in highly corrosive environments, and outstanding chemical resistance property. The market growth can be attributed to the increasing use of silicone resins in the automotive & transportation, industrial, and consumer goods industries and its use in the growing manufacturing and construction sectors in Asia-Pacific.

Rising demand in Asia-Pacific is the major driver of the heat resistant coating market

In 2015, North America is estimated to have accounted for the largest market share, in terms of both volume and value. However, the high demand in Asia-Pacific is expected to be the major driver of the global heat resistant coating market. This is due to the increasing demand for quality coating products, increasing population in the region, and growing innovation & developments in end-use industries.

The players profiled in the heat resistant coating market report are AkzoNobel N.V. (Netherlands), Sherwin Williams Company (U.S.), PPG Industries Inc. (U.S.), Axalta Coating Systems (U.S.), Jotun A/S (Norway), Hempel A/S (Denmark), Kansai Paints Co., Ltd. (Japan), KCC Corporation (South Korea), RPM International Inc. (U.S.), Tikkurila OYJ (Finland), and other regional players.

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