Increasing application of 3D printing in Automotive: a catalyst for the 3D printing materials market
One of the most innovative applications of 3D printing techniques in the present scenario includes automotive. The automotive industry is a good example of how additive manufacturing drives efficiencies and productivity from design to manufacturing floor. 3D printing is basically a method of making 3-Dimensional objects of solid type from a digital file. This 3D printed object is obtained through additive processes, where an object is created by laying down successive layers of material until the object is created. Each of these layers can be seen as a thinly sliced horizontal cross-section of the final object. Every 3D print starts as a digital, as a blueprint, for a physical object. This design file is sliced into thin layers, as mentioned above, which is then sent to a 3D printer
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The first 3D printed electric car is printed by local motors in 2014 from an acrylonitrile butadiene styrene (ABS) carbon-filter blend called strati, which was manufactured in just 44 hours. Using a big area additive manufacturing machine Strati is printed from thermoplastic material. This machine is fully recyclable, which can be chopped and reprocessed to be used for manufacturing another 3D printed car. Local Motors sources parts from micro-factories, which are highly automated factories of smaller dimensions that enable manufacturers to save resources such as space, energy, materials and time, and as such require highly detailed software to run seamlessly.
3D printing is also referred to as desktop fabrication or additive manufacturing and allows printing almost any desired product in a short time. It has a big influence in fashion, engineering and laboratory products. Additionally, 3D printing also assists in the survival of birds. 3D printing replaced the Eagle’s beak by using photopolymer solution.
The growth of the 3D Printing Materials market is primarily driven by the growing demand of 3D printing materials in Aerospace and Automotive industry and growing government initiatives for the adoption of the 3D printing in various sectors such as Healthcare. 3D printing assists in reducing the cost acquire for hiring skilled and trained engineers to operate the printers. Whereas, the cost of acquiring the molding machines are higher than tradition extrusion machines. Photopolymer materials are eco-friendly and produce less waste as it can work without any volatile solvent in the manufacturing process, thus creating a huge demand for 3D printing that propels the market growth during the forecast period.
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Based on the foam, the filamentsegment accounted for the largest share of nearly 55%in the market
Based on the form, the market has been segmented into filament, powder, and liquid. Moreover, the filament segment accounts for the largest share in terms of value and volume of nearly 55% in the market and is expected to grow over the forecast period.
North America to dominate the 3D printing materials market during the forecast period
North America accounts to hold a dominant position and registered almost 42% share in the global 3D printing materials market in 2018 and further expected its dominance during the forecast period. The region has a significant market of automotive, consumer electronics, home appliances, sports, building and construction and packaging market due to which a noteworthy market can be expected during the forecast. Moreover, the increasing trends f 3D printing I healthcare and Aerospace industry that further propels the market in the region.
Company Profiles and Competitive Intelligence:
The major players operating in the global 3D Printing Materials market are Arkema SA (France), 3D Systems Corporation (US), Materialise NV (Belgium), Evonik Industries AG (Germany), and General Electric Co. (US) Stratasys, Ltd. (US), and among others.
• Based on the type, the plastic is expected to register the CAGR of around 24% in the 3D printing materials market during the forecast period.
• Based on the foam, the filament segment accounted for the largest share of nearly 55% in the market.
• Based on application, the automotive is expected to dominate the market during the forecast period.
• North America accounts to hold a dominant position and registered almost 42% share in the global 3D printing materials market in 2018.
• In August 2019, 3D Systems collaborated with TOYOTA Motorsport GmbH to develop manufacturing solutions including 3D printers, materials, and software to change automotive design and production.
• In August 2019, Stratasys, Ltd. launched METHOD X to offer Real ABS 3D Printing to Manufacturing
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