Rapid Prototyping Materials Market Scope
Rapid prototyping is a group of techniques used to quickly fabricate a scale model of a physical part or assembly using three-dimensional computer-aided design (CAD) data. The prototyping equipment reads CAD data and creates a sculptural object based on this information. The technique is mainly utilized in manufacturing & construction. Prototyping can also serve the purpose of testing the parts with an increase or decrease in dimensional scales. The materials for rapid prototyping include polymers, metals, ceramics, Thus, increasing the applicability of rapid prototyping materials in the manufacturing & construction industries worldwide is driving the growth of this market.
According to AMA, the Global Rapid Prototyping Materials market is expected to see growth rate of 13.0%
The market is fragmented with numerous players. These players are innovating novel products pertaining to rapid prototyping as well as expanding their regional presence. For instance, in November 2017, 3D Systems, Inc. announced the availability of its on-demand manufacturing services named, "Quickparts" e-commerce platform in Europe, the Middle East, and Africa. Quickparts includes services such as rapid prototyping, advanced prototyping, and low-volume production
Evonik AG (Germany), Arkema S.A.(France), ArcelorMittal (Luxembourg), 3D Systems, Inc. (United States), Stratasys Ltd. (Israel), LPW technology Ltd. (United Kingdom), EOS GmbH (Germany) and CRS Holdings, Inc. (United States) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research are Renishaw plc. (United Kingdom), Oxford Performance Materials (United States), Koninklijke DSM N.V (Netherlands) and Arcam AB (Sweden).
About Approach
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a
preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from total available market.
Segmentation Overview
The study have segmented the market of Global Rapid Prototyping Materials market by Type (Polymers, Metals, Ceramics and Others), by Application (Aerospace & Defense, Healthcare, Transportation, Consumer Goods & Electronics and Manufacturing & Construction) and Region with country level break-up.
On the basis of geography, the market of Rapid Prototyping Materials has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
In November 2018, Stratasys has brought the market advanced elastomers and enhanced materials for its leading FDM and PolyJet machines. Enabling customers to make it today with 3D Printing, the FDM elastomer solution is intended to provide manufacturers with new levels of elasticity, durability with true soluble support while advanced colors for PolyJet drive enhanced realism to transform the legacy design and prototyping processes.
Market Trend
- Implementation of 3D Printing Technology for Manufacturing Application and Prototyping Development
Market Drivers
- Low Cycle Time of Materials Used
- Increasing Demand from Various End-user Industries
- Low Cost and Easy Availability of Raw Materials
Opportunities
- Adoption of Integrated Rapid Prototyping Equipment and its Usage in Mapping the Architecture for a New Network
Restraints
- Low Acceptance Rate in Developing Economies
- High Material Cost Due to Low Consumption Volumes
Challenges
- Continuously Evolving Market
Key Target Audience
Rapid Prototyping Materials Manufacturers, Investment Banks, 3D Printing Experts, Raw Material Suppliers, Distributors/Traders, Government and Regulatory Bodies, Potential Investors, Marketing firms, Industry Association and Downstream Vendors