Industry Background:
Additive manufacturing is a industrial standard term for applications in technology. It is the process of joining materials from 3D model. The objectives in additive manufacturing are built layer by layer as compared to traditional manufacturing which requires machining. Different materials are used in additive manufacturing such as Polymers, ceramics and metals. In addition, other materials include adhesive papers, paper chocolate and polymer adhesive sheets. These materials determine the final quality. However, post manufacturing material quality does not remain similar.
According to AMA Research, the market for Additive Manufacturing Materials is expected to register a CAGR of 20.7% during the forecast period to 2027. This growth is primarily driven by Increasing Developments of New Materials and Improved Technologies
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Attributes | Details |
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Study Period | 2017-2027 |
Base Year | 2021 |
Forecast Period | 2022-2027 |
Volume Unit | N |
Value Unit | USD (Million) |
Key Companies in Study | GE additive (Germany), Evonik (Germany), GKN Sinter Metals Engineering GmbH (Germany), 3D Systems, Inc. (United States), Stratasys Ltd. (Israel), ExOne (United States), EnvisionTEC (Germany), EOS (Germany) and Materialise NV (Belgium) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
The Chemicals sector in the
region has been increasing at a sustainable rate and further growth is expected to be witnessed over the forecast period, owing to the robust investments and expansion in production facilities in the region. Major Vendors, such as GE additive (Germany), Evonik (Germany), GKN Sinter Metals Engineering GmbH (Germany), 3D Systems, Inc. (United States), Stratasys Ltd. (Israel), ExOne (United States), EnvisionTEC (Germany), EOS (Germany) and Materialise NV (Belgium) etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
Key Developments in the Market:
On 14 January 2020, Evonik has acquired Wilshire Technologies Inc. which is a United States based phytochemical company. This acquisition will provide the opportunities for intensifying Evonik’s competencies in phytochemical ingredients and intermediaries.
The companies are now exploring the market by adopting mergers & acquisitions, expansions, investments, new developments in existing products and collaborations as their preferred strategies. The players are also exploring new geographies and industries through expansions and acquisitions so as to avail a competitive advantage through combined synergies.
Market Drivers
- Increasing Developments of New Materials and Improved Technologies
- Low Production Costs for Rapid Manufacturing
Market Trend
- Introduction of Tool less Additive Manufacturing Techniques
Restraints
- Material Availability Issues May Hamper the Market
- Issues Related to Costs, Quality, and Development
Opportunities
Increased Government Funding is Boosting the Market and Growing Industries Such as Healthcare and Manufacturing, and Automotive
Challenges
Limited Availability of Additive Manufacturing Companies
AMA Research follows a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mostly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcases the spontaneously changing Vendors landscape impacting the growth of the market. Furthermore, our market researchers extensively analyze the products and services offered by multiple players competing to increase their market share and presence.
Customization in the Report
AMA Research features not only specific market forecasts but also includes significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints
- New Entrants into the Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
Against this Challenging Backdrop, Additive Manufacturing Materials Study Sheds Light on
The Additive Manufacturing Materials Market status quo and key characteristics. To end this, Analysts at AMA organize and took surveys of the Additive Manufacturing Materials industry Vendors. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Additive Manufacturing Materials industry is heading and what are the top priorities. Insights are drawn from financial analysis, the survey, and interviews with key executives and industry experts.
How every company in this diverse set of Vendors can best navigate the emerging competition landscape and follow a strategy that helps them position to hold the value they currently claim or capture the new addressable opportunity.