3D Printing has
begun to flourish in various application areas including aerospace, automobile,
consumer, and medical. The materials used for these purposes vary accordingly.
As per IndustryARC analysis the 3DP materials market has revenue of $351.4 Million as of 2013 where
consumer 3D printing is the major market share of 46% in 2013. Consumer 3D
printers majorly uses plastic and the consumption of plastics is expected to
increase dramatically in the future as the number of consumer printers shipped
are showing the trend of doubling each year till 2020 which will also affect
the consumption of plastics in a positive way. Metals have unique properties
which increases their demand in various applications. At present, 3D printing
of metals is widely used in applications such as aerospace and defense,
automobiles and so on and it is slowly penetrating into various other
applications.
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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.
Currently, plastics are the most widely used materials in
additive manufacturing due to the growth in consumer 3D printing industry and
some of the important plastics include ABS, PLA, PVA and PET. 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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Metals are the
strongest materials available in the market, but are extremely expensive.
Metals such as: steel, titanium, aluminum, copper, silver, gold, nickel, cobalt
and others. Metal 3D printing is a costly method and hence, metal materials are
limited to high-end applications like aerospace and automobiles. A range of
other manufacturing materials that can be used for 3D printing include: nylon,
glass-filled polyamide, epoxy resins, wax and paper. This report published by
IndustryARC has defined market for each of these materials with respective
applications for each region and major countries. Major manufacturers of 3D
printing materials like 3D Systems,
Stratasys, Materialise N.V., and EOS GmbH and so on are analyzed and
profiled in this report. Stratasys Ltd. and 3D Systems are the two key market
players in the 3DP materials industry. While Stratasys occupies 34% of the market, 3D Systems has a market share of 32% of the global additive
manufacturing materials market.
Huge investments are pouring into this industry through
various sources for various research purposes, which would result decrease in
prices of available products and also develop new 3DP materials in the future
which would increase the demand of these products. Even various government
bodies like National Aeronautics and Space Administration (NASA) and others
have also started to explore the 3D printing market. Consumer 3D printing
industry is growing at a rapid rate of approximately 40% compared to any other
industry in 3D printing and the consumer 3D printers were expected to reach 1
million shipments in 2013 with most of its demand from North America.
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