The 3D printing is a metamorphic process to industrial production that enables the manufacturers to create lighter & stronger parts and systems. 3D printing materials come in an extensive array of forms. Most 3D printed products are made from thermoplastics. Plastics are the most commonly adopted 3D printed material that comes in resin, filament, granule, and powder forms. Most thermoplastic 3D printing materials are used in the home 3D printing technology and specialized applications as well. Some of the key properties of 3D printing include complexity in design, improved design modification, cost-effectiveness and reduced waste.
As per analysis, “Europe 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 Europe 3D printing materials market include SLM Solutions GmbH, EnvisionTEC GmbH, Arcam AB, EOS GmbH Electro Optical Systems, BASF, Solidscape Inc., Stratasys Ltd., ExOne, Arkema Group, CRP Technology Srl, Mcor Technologies Ltd., Hoganas AB, DSM N.V., 3D Systems Corporation, Shenzhen eSUN Industrial Co., Ltd, Materialise, Koninklijke DSM N.V., Formlabs Inc and among others. Leading market players are focusing on increasing their market share in target consumer goods vertical by providing fused-filament technology powered 3D printing materials. Healthcare industry has also increased the demand for 3D printing material owing to rise in demand for medical components.
By material type, Europe 3D printing materials market is categorized as thermoplastics, metals, photopolymers and ceramics. Metals segment dominates the global market owing to rise in demand for titanium in the aerospace & defense industry. The photopolymers segment is expected to witness higher growth rate due to rise in demand from consumer electronic, medical, and aerospace industries during the forecast period. By end-use industry, market is categorized as medical, automotive, aerospace and other industries. In addition, by technology type, market is categorized as selective laser sintering/multi jet fusion, fused deposition modeling, material jetting, stereo lithography/digital light processing and others.
The Europe 3D printing materials market is driven by growth in adoption of 3D printing materials in medical & dental implants, followed by rise in awareness of 3D printing technology, high cost effectiveness & production flexibility, growth in adoption of 3D printing techniques for manufacturing the complicated components and incorporation of 3D printing in manufacturing of light weight & high accuracy structures in the aerospace & defense industries. However, high leads time & slow manufacturing of 3D printing material and high cost of 3D printing material are major hampering factors for market. Moreover, introduction of 3D printing materials in the healthcare sector for producing the medical components is a key opportunity for market
Germany is region’s leading market for industrial & consumer 3D printing material. Strength of country is lies in its strong manufacturing tradition. Germany is the base for region’s major 3D printing and additive manufacturing adopter industries such as aerospace, machinery, automotive, and dental sectors. Future analysis of the 3D printing materials market looks promising with several types of opportunities in the consumer, medical, automotive, and aerospace industries. Emerging trends, which have direct impact on the dynamics of 3D printing materials market, include use of bio-inks & gels in the medical industry coupled with rise in use of composite materials. It is projected that the Europe 3D printing materials market will be reached at rapid pace because of growth in adoption of 3D printing in medical devices & tissue engineering products during the forecast period.
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Ankur Gupta, Head Marketing & Communications