The Global Rapid Prototyping Materials Market is forecast to reach USD 2.70 Billion by 2027, according to a new report by Reports and Data. Rising demand for products manufactured with the help of 3D printing technology from various industries will enhance the growth of the market for rapid prototyping material in the next few years. Rising demand for the technology to better the overall efficiency of the production and designing process is anticipated to propel the market growth. Inventions across the globe combined with Technological advancements are anticipated to boost the demand for rapid prototyping materials in many industries, including healthcare and aerospace defense.
The rapid prototyping materials market in the U.S. is expected to witness growth because of increasing manufacturing of 3D printed products. Along with this, the rising adoption of 3D printed products in critical industries like aerospace and medical is expected to thrive in the market. The rising number of RD initiatives relating to the rapid prototyping in the U.S. is also anticipated to benefit market growth.
Increasing industrialization in the Asia Pacific, combined with increased adoption of technology is anticipated to boost the demand for rapid prototyping materials in this regional market. Further, low cost and easy availability of raw materials are anticipated to further enhance the market growth in this region over the next few years.
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Market Overview:
As a result of steady revenue growth over the past few years, the manufacturing and construction industry is expected to achieve a robust annual revenue growth rate between 2021 and 2028. In addition to the rapidly growing construction industry, rapid urbanization and industrialization, and technological advancements in manufacturing techniques, this can also be attributed to these factors. Green construction and energy efficient buildings have become increasingly popular in recent years as awareness of environmental impact and carbon emissions has increased. Over the forecast period, key factors are expected to boost global market growth, including the rapid growth of global populations, changing lifestyle preferences, the increasing demand for smart buildings, an increase in renovation and reconstruction activities, and an increase in eco-friendly construction activities. Other factors that will contribute to market growth in the future include an increase in disposable income, government schemes, and investments by private organizations.
Some of the Leading Market Players Are Listed Below:
- 3D Systems Corporation,
- Arkema S.A,
- Stratasys, Ltd.,
- Royal DSM N.V.,
- EOS GmbH Electro Optical Systems,
- Materialise NV,
- Oxford Performance Materials,
- Golden Plastics,
- Renishaw PLC
- Arcam AB
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Competitive Landscape:
The global market comprises various market players operating at regional and global levels. These key players are adopting various strategies such as license agreements, partnerships, merger and acquisitions, collaborations, RD investments, and joint ventures to gain robust footing in the market.
Market Segmentation:
Type Outlook (Revenue, USD Million; 2017-2027)
- Polymers
- Metals
- Ceramics
End- User Outlook (Revenue, USD Million; 2017-2027)
- Aerospace Defense
- Healthcare
- Transportation
- Construction Goods Electronics
- Manufacturing Construction
- Others
Form Outlook (Revenue, USD Million; 2017-2027)
- Filament
- Ink
- Powder
The Global Rapid Prototyping Materials Market Is Segmented Into:
- North America (U.S.A., Canada, Mexico)
- Europe (Italy, U.K., Germany, France, Rest of Europe)
- Asia Pacific (China, India, Japan, South Korea, Australia, Rest of APAC)
- Latin America (Chile, Brazil, Argentina, Peru, Rest of Latin America)
- Middle East Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
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