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3D printing materials market to increase at a CAGR of 19.9% over the next five years

Press Release   •   Dec 13, 2013 12:08 GMT

The 3D printing materials market has been forecast to increase at a compound annual growth rate (CAGR) of 19.9% over the next five years, increasing from a total of $70.5 million in 2012 and is expected to reach a value of $209.6 million by 2018.

The 3D printing materials market is segmented into four types: plastics, metals, ceramics, and others.

Each type of materials include a wide range of products such as plastics include ABS, PLA, Nylon, Photopolymers and Others; Metals include Steel, Silver, Gold, Titanium, Aluminum and Others; Ceramics include Glass, Silica, Quartz ad Others; and Others include Laywood, Wax, Paper and Others.

These individual 3D printing materials have application specific demands that are differentiated by placement, cost, and efficiency.

Plastic materials are useful in applications such as consumer printing and a few industries where consumer products are manufactured.

Metals are especially used in high-end industries such as aerospace & defence, automotive, medical & dental, etc. Ceramics are useful in home decor, dine table, art & sculpture, and others. The use of these materials increases the efficiency of their applications.

According to a recent market report, '3D Printing Materials Market: Global Trends & Forecasts to 2018,' The North American region dominated 3D printing materials market revenues in 2012. Asia-Pacific is expected to grow at a high CAGR from 2013 to 2018, followed by North America.

Europe is expected to be the next fastest growing market, with a CAGR of 15.7% from 2013 to 2018, owing to rising consumption in this region, where end-user markets of 3D printing materials are growing steadily, especially in manufacturing industrial and consumer products.

The ROW market is expected to grow the least, compared to other regions in terms of revenue.

For more information on the 3D printing materials market, see the latest research: 3D Printing Materials Market

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