The 3D printing
materials market is forecast to grow in double digits from 2014 to 2020
with a highest CAGR of 29.6% during the forecast period. 3D printing materials can be broadly classified into Plastics,
Metals, Ceramics and Others. These materials are used in 3D printers to print
three-dimensional objects which can be used in various applications like
consumer, aerospace and defense, automobiles, medical and so on. The materials
used in these printers are expanding rapidly and many new materials like PET, Nylon
and so on are entering in the market on regular basis. This 3D printing technology will dominate
other technologies in the future as it is virtually possible to print any
object given if you have a digital design of the required product.
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Among 3D printing
materials, plastics can be further sub segmented into Poly lactic acid (PLA), Acrylonitrile Butadiene Styrene (ABS),
Polyvinyl Alcohol (PVA) and others. ABS and PLA together accounted for
70.0% of the global 3D printing plastics market. With the invention of home 3D
printers that uses plastic filaments to 3D print of any object, the demand for
these materials has grown tremendously and this trend is expected to continue
in the next five years.
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Medical industry
is expected to revolutionize in the future because of biomaterials which were introduced to 3D printing recently. While
plastics are used to 3D print prosthetic
parts and metals like titanium are used to replace hard parts of the body
like skull, biomaterials will be able to print organs for the body which is a
very big achievement to 3D printing industry.
Aerospace industry
widely uses Titanium which is very
much lighter compared to other metals and has great strength. So using these
parts will increase the efficiency of the spacecraft. But its use is limited
because of high cost, for instance: One
Kilo Of 3D Printing Titanium will cost around $200-$300 as compared with
other metals such as aluminum, steel and so on. But its consumption is expected
to increase not only in aerospace but also in other applications as the cost of
3D printed titanium powder is expected to fall below $100 (a kilo) as the U.K.
based Metalysis have developed a cost efficient way to produce low cost
titanium powder for 3D printing.
In short, 3D printing materials market is growing more
rapidly than the 3D printers market as it is not a one-time investment like 3D
printers, as the printers needs to be refilled regularly and its demand
increases based on the number of 3D printers in the market.
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