Rapid Prototyping Materials Market size to exceed $1.3 Bn by 2030

Rapid Prototyping Materials Market size is anticipated to surpass USD 1.3 billion by 2030, as per a new research report announced by Global Market Insights Inc.
 

Rising use of rapid prototyping materials in the manufacturing of medical devices & accessories and the increasing popularity of 3D printing in varied industries as the chief drivers of the rapid prototyping materials industry.
 

Beneficial qualities to increase ceramic prototyping materials industry share

With respect to material, the study classifies the rapid prototyping materials market into polymer, metal, ceramic, and others. The valuation of ceramic segment was worth more than USD 15 million in 2021 and is slated to observe robust progress through 2030. Ceramic prototyping materials offer superior dimensional stability, toughness, and hardness, which is likely to drive the demand for ceramics in rapid prototyping, particularly in the automotive and aerospace industries, in the upcoming years.
 

Significant utilization in industrial manufacturing to push subtractive & compressive technology demand

Rapid prototyping materials market report further cites positive inclination toward subtractive & compressive technology, especially across the manufacturing sector. The subtractive & compressive segment is poised to depict decent growth at over 8.5% CAGR through the assessment timeline. The segment growth is attributed to prevalent use of this rapid prototyping technology in the form of CNC machining or casting in the manufacturing industry. Rapid growth of industrial manufacturing in emerging nations is foreseen to stimulate segment demand.
 

Expanding healthcare sector to augment medical application segment expansion

The deployment of rapid prototyping materials for the development of medical devices is estimated to remain high in the forthcoming years. Medical application segment is anticipated to capture more than 13.5% share of the global market by 2030. Rising healthcare expenditure and increasing use of medical devices and instruments, such as surgical fasteners, scalpels, retractors, display systems, hearing aids, implants, and more, are pushing product adoption.
 

Browse key industry insights spread across 200 pages with 202 market data tables & 22 figures & charts from the report, “Rapid Prototyping Materials Market Size, By Material (Polymer, Metal, Ceramic), By Technology (Additive [Fused Deposition Modelling {FDM}, Stereolithography {SLA}, Selective Laser Sintering (SLS}], Subtractive & Compressive [CNC Machining, Casting]), By Application (Automotive, Consumer Goods, Medical, Academic, Aerospace, Government & Military), Industry Analysis Report, Regional Outlook, Growth Potential, Price Trends, Competitive Market Share & Forecast, 2022–2030” in detail along with the table of contents:
https://www.gminsights.com/industry-analysis/rapid-prototyping-materials-market
 

Surging adoption in automotive and medical sectors to boost MEA region revenues

Middle East & Africa rapid prototyping materials industry size stood at over USD 10 million in 2021 and is projected to register considerable growth through 2030. The region may emerge as a major hub for this industry owing to favorable adoption trends in the automotive and medical sectors. Additionally, the expansion of the aerospace industry propelled by the booming tourism sector in the MEA region is also set to foster regional market outlook through the forecast period.
 

Product launches to remain a key growth strategy

The strategic landscape of the rapid prototyping materials market is expected to witness a series of product launches, acquisitions & mergers, technological advancement, and product innovation by industry players. For instance, in August 2022, Stratasys, an additive manufacturing company, announced its plan to acquire the additive manufacturing business of Covestro, a German polymer company, by the end of 2023. This move was intended to enable the company to expand its customer base in Europe.
 

Some of the key rapid prototyping materials market players profiled in the report include Arkema S.A., Stratasys, 3D Systems, Inc., Covestro AG, EOS GmbH, CRP Technology S.r.l., Materialise, Tethon 3D, Nexa3D, DSM, Envisiontec GmbH, Carpenter Technology Corporation, Höganäs AB, Optomec Inc., and Dow.