The global rapid prototyping material market size is expected to be valued at USD 2.6 billion by 2025, progressing at a CAGR of 30.9% over the forecast period, according to a new report by Grand View Research, Inc. Technological advancements related to 3D printing-based production are expected to drive the global market for rapid prototyping materials over the forecast period.
The
use of prototypes allows preliminary assessment of a product and verification
of possible weak points of the design, which is expected to propel the demand
for rapid prototyping materials over the forecast period. Rising use of rapid
prototyping process in aerospace & defense industry is expected to further
augment the market growth. The use of rapid prototyping in healthcare industry
has aided the production of precision equipment and implants, in turn, contributing
to the industry growth. In addition, increased use of rapid prototyping
materials in surgical planning and simulation is anticipated to benefit the
market growth over the forecast period.
Materials
required for rapid prototyping process include thermoplastics, metals &
alloys, and ceramics, which are used in the form of liquid, powder, filaments,
or sheets. Factors such as high investment in the technology and expanding
application scope of these materials in various end-use industries are expected
to spike the prices, which is anticipated to restrict the market growth. Major
raw material suppliers and manufacturers are engaged in developing new products
that are tested for approval of products and certifications. Moreover,
strategic initiatives undertaken by the players are expected to help build a
strong position in the market.
Full Research Report On Rapid Prototyping Material Market Visit Here:
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Rapid Prototyping
Materials Market Report Highlights
- Rapid
prototyping thermoplastics segment dominated the market in 2018 and is
expected to generate a revenue of USD 1,486.2 million by 2025, on account
of high adoption rate, which can be attributed to its high strength,
durability, stiffness, and resistance to temperature & moisture
- Manufacturing
& construction is expected to advance at a CAGR of 31.9% from 2019 to
2025, owing to the rapidly expanding manufacturing and construction
activities in the developing economies
- Asia Pacific
is anticipated to progress at a CAGR of 41.7% from 2019 to 2025, owing to
rapid industrialization and increasing demand for consumer goods in the
region
- North America
accounted for USD 120.9 million in 2018 and is anticipated to reach USD
584.4 million by 2025, due to technological advancements
- Rapid
prototyping materials market participants are focused on developing new
products and applications for consumers to attract a larger customer base.
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Rapid Prototyping
Materials Market Segmentation
Grand View Research has
segmented the global rapid prototyping materials market on the basis of
material, end use, and region:
Material Outlook
(Revenue, USD Million, 2014 - 2025)
- Thermoplastics
- Metals & Alloys
- Ceramics
- Others
End use Outlook
(Revenue, USD Million, 2014 - 2025)
- Aerospace & Defense
- Healthcare
- Manufacturing & Construction
- Consumer goods & Electronics
- Transportation
- Others
Regional Outlook
(Revenue; USD Million, 2014 - 2025)
- North America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- U.K.
- France
- Italy
- Spain
- Asia Pacific
- China
- India
- Japan
- Central & South America
- Brazil
- Middle East & Africa
About Grand View Research
Grand
View Research, Inc. is a U.S. based market research and consulting company,
registered in the State of California and headquartered in San Francisco. The
company provides syndicated research reports, customized research reports, and consulting
services. To help clients make informed business decisions, we offer market
intelligence studies ensuring relevant and fact-based research across a range
of industries, from technology to chemicals, materials and healthcare.
For more info visit @ https://www.grandviewresearch.com
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