Transparency Market Research has announced the release of a report titled "3D Printing Materials (Ceramics, Plastics, Metals and Others) Market for Electronics & Consumer Products, Automotive, Medical, Industrial, Education, Aerospace and Other Applications- Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2014 – 2020". This report states that growing at a CAGR of 18% from 2014 to 2020, the global 3D printing materials market will reach US$1,432 million in 2020 from US$450 million in 2013.
The global 3D printing materials market is segmented on the basis of the types of products, application, and geography. Based on product, this market is classified into metals, ceramics, plastics, and others. The areas of application in the global 3D printing materials market are industry, electronics and consumer, aerospace, medical, automotive, education, and others. 3D printing uses materials like gold, polyamide, bronze, titanium, brass, alumide, silver, stainless steel and paintable resin. Furthermore, 3D printing incorporates technologies like reactive material and fused material.
Geographically, the 3D printing materials market is segmented into Europe, the Asia Pacific, North America, and Rest of the World. In 2013, this market was led by North America and accounted for more than 37% of the overall demand. The Asia Pacific is expected to witness highest growth in the 3D printing materials market owing to greater adoption of 3D printing in China and Japan. The Asia Pacific, Europe and North America will report robust growth in forthcoming years. 3D printing materials market is driven by greater adoption of 3D technology in the education and government sectors, regulatory government support, and high demand for 3D printing. Voxeljet AG, Stratasys, Ltd., Optomec, and Arcam AB are some of the players operating in the 3D printing materials market.
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