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Rapid Prototyping Materials Market Leaders & Key Revenue Pockets

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Rapid Prototyping Materials Market Leaders & Key Revenue Pockets

The "Rapid Prototyping Materials Market was valued at USD 217.5 Million in 2015 and is projected to reach USD 903.8 Million by 2021, at a CAGR of 26.8% from 2016 to 2021. The growing demand of 3D printing technology for prototyping has led to significant developments in the rapid prototyping materials market. Since its inception, prototyping has been a major application area of 3D printing. Prototyping ensures that a product is foolproof, as it is tried and tested in its development stage. Earlier, prototyping was conducted by utilizing techniques, such as subtractive manufacturing that comprised cutting, drilling, and milling. These techniques have varied disadvantages such as material losses and extra tooling costs, along with high processing time.                  


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Browse 62 market data Tables and 52 Figures spread through 180 Pages and in-depth TOC on "Rapid Prototyping Materials Market”


Healthcare and aerospace & defense segments are expected to lead the rapid prototyping materials market during the forecast period


The healthcare and aerospace & defense are two highly critical end user segments that demand for stringent product dimensions, along with their compositions. Aerospace & defense and healthcare industries have initiated the use of 3D printing technology for prototyping applications. The latest technological advancements and invention of new materials in rapid prototyping have made aerospace & defense a major end user in the rapid prototyping market. Critical parts used in aerospace & defense are designed and developed using 3D printing technology, and tested before they can be used commercially. This further drives the demand of rapid prototyping materials in the aerospace & defense sector. Moreover, in the healthcare sector, metal rapid prototyping is used in several medical products, such as surgical equipment, prosthetics & implants, and tissue engineering products, thereby propelling the applicability of rapid prototyping materials in this sector.


Increased adoption of rapid prototyping materials in the aerospace & defense industry is expected to propel the growth of the rapid prototyping materials market


The aerospace & defense industry provides high growth prospects to key players operating in the rapid prototyping materials market. Growth in this market is mainly attributed to technological advancements and invention of new materials in the field of rapid prototyping.


https://www.prnewswire.com/in/news-releases/rapid-prototyping-materials-market-worth-9038-million-usd-by-2021-589996891.html


The North America rapid prototyping materials market is expected to witness high growth owing to the increasing demand of these materials from varied end-use industries in this region


North America is the largest market for rapid prototyping materials, owing to the developed industrial sectors in this region. Europe has a large supplier base for rapid prototyping materials. Countries such as Germany, the U.K., France, and Italy in the European region are offering lucrative growth opportunities to major players in the rapid prototyping materials market.


Key players operating in this market include 3D Systems Corporation (U.S.), LPW Technology Ltd. (U.K.), EOS GmbH Electro Optical Systems (Germany), Carpenter Technology Corporation (U.S.), Renishaw Plc (U.K.), Arcam AB (Sweden), Stratasys Ltd. (U.S.), Oxford Performance Materials (U.S.), Royal DSM N.V. (Netherlands), and Arkema S.A. (France), among others.


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