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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

  • Report ID: GMI5356
  • Published Date: Sep 2022
  • Report Format: PDF

Industry Overview

Rapid Prototyping Materials Market size was recorded at over USD 700 million in 2021. Driven by rising awareness regarding the benefits of rapid prototyping in mass manufacturing, the industry is expected to grow at more than 7% CAGR from 2022 to 2030.
 

Rapid Prototyping Materials Market

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Rapid prototyping is gaining significant attention as a modern and quick solution for fabricating physical objects directly from parts created in CAD, using addictive layer manufacturing techniques. This process reduces the time and cost of planning, tooling, or fixating components. Increasing penetration of prototyping in the automotive and aerospace sectors is set to foster market growth. Advancements in prototyping materials have also encouraged manufacturers to adopt additive manufacturing technology.
 

Moreover, government emphasis on utilizing rapid prototyping to integrate efficient IT modernization in varied industries is also fueling the product demand. For Instance, in June 2021, the U.S. Department of Defense introduced new strategies and policies to bolster the adoption of additive manufacturing, including fused deposition modelling, selective laser sintering, and 3D printing. Such initiatives are anticipated to reduce the production cost while developments in the technology will help in producing spare parts for aircraft and weapons systems, tools, and medical supplies through rapid prototyping.
 

High cost of material may restrain industry progression

High investment and maintenance cost are major factors restraining market growth. Rapid prototyping materials are fairly expensive as they enable manufacturers and marketers to go over every aspect of the product in detail. Each component of the prototyping process cuts down production prices, thereby raising the material cost. Nonetheless, government initiatives and strategies to boost the use of these materials are likely to combat the issue.
 

Strong and durable surface finishing to push metal segment expansion

Global Rapid Prototyping Materials Market CAGR By Material

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In terms of material, the rapid prototyping materials market is categorized into polymer, metal, ceramic, and others. The metal segment is slated to record a revenue of over USD 780 million by 2030. This segment is set to depict a sizable growth rate as metals have superior mechanical strength and excellent surface finishing, which makes them durable and reliable. In addition, the material’s ability to produce complex shapes and superior heat resistance is foreseen to bolster segment growth.
 

Additive technology segment to gain substantial traction

Global Rapid Prototyping Materials Market Size By Technology

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With respect to technology, the rapid prototyping materials market is divided into additive {fused deposition modelling (FDM), selective laser sintering (SLS), stereolithography (SLA), others} and subtractive & compressive (CNC machining, casting). The additive technology segment is estimated to hold a market share of more than 60.5% by the end of the analysis period. Additive manufacturing usually involves the deposition of materials in layers and includes various technologies viz., fused deposition modelling (FDM), selective laser sintering (SLS), stereolithography (SLA), etc.
 

Wide-ranging application in automotive industry to define industry landscape

Global Rapid Prototyping Materials Market Size By Application

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In terms of application, the rapid prototyping materials market is segregated into automotive, consumer goods, academic, medical, government & military, aerospace, and others. The automotive segment is expected to grow at a CAGR of more than 7% over the forecast period. Rapid prototyping finds extensive usage in the automotive industry for transforming new ideas and innovations into reality as it accelerates the product development process with high accuracy.
 

Expanding healthcare sector to aid North America emerge as a prominent revenue pocket

Global Rapid Prototyping Materials Market Size By Region

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Regionally, the global rapid prototyping materials market is segmented into Europe, Asia Pacific, North America, the Middle East & Africa, and Latin America. The North America market  is poised to garner over USD 450 million in revenue by 2030. Countries, such as U.S. and Canada, are continually focusing on involving rapid prototyping technology in a wide range of processes in the aerospace and medical sectors. Additionally, high investments in the military sector are also positively influencing the business dynamics.
 

Innovation in technology to strengthen the rapid prototyping materials industry outlook

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 are some of the key players in the rapid prototyping materials market. These companies are majorly engaging in product advancements and introducing innovative materials to broaden the scope of application of products in order to strengthen their market standing. For instance, in September 2021, Arkema, a chemical and advanced materials company, introduced new 3D printing material innovations at the Rapid + TCT show in Chicago, U.S.
 

Impact of COVID-19 on the rapid prototyping materials market trends

The rapid prototyping materials saw a significant surge in demand during the COVID-19 pandemic as a result of their increased importance in the medical sector. Rapid prototyping enabled quick manufacturing of medical supplies and devices that helped in battling the shortage of necessary commodities, such as PPE, personal accessories, and more. It provided effective emergency support, pushing public agencies to further promote the use of these materials.
 

The rapid prototyping materials market research report includes in-depth coverage of the industry with estimates & forecast in terms of volume in Tons and revenue in USD million from 2018 to 2030 for the following segments:

By Material

  • Polymer
  • Metal
  • Ceramic
  • Others

By Technology

  • Additive
    • Fused Deposition Modelling (FDM)
    • Stereolithography (SLA)
    • Selective Laser Sintering (SLS)
    • Others
  • Subtractive & compressive
    • CNC machining
    • Casting

By Application

  • Automotive
  • Consumer goods
  • Medical
  • Academic
  • Aerospace
  • Government & Military
  • Others

The above information is provided on a regional and country basis for the following:

  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • UK
    • France
    • Spain
    • Italy
  • Asia Pacific
    • China
    • India
    • Japan
    • Australia
    • South Korea
  • Latin America
    • Brazil
    • Mexico
  • Middle East & Africa
    • South Africa
    • GCC

 

Authors: Kiran Pulidindi

Frequently Asked Questions (FAQ) :

The market size for rapid prototyping materials accounted for over USD 700 million in revenue in 2021 and is set to progress at more than 7% CAGR through the forecast period.

The automotive segment is estimated to grow at a CAGR of more than 7% over the review period owing to wide-ranging usage of the materials in the manufacturing of automobile parts.

The metal segment is poised to record a revenue of over USD 780 million by 2030 as metals offer superior mechanical strength and excellent surface finishing, which makes them durable and reliable.

The North America market for rapid prototyping materials is projected to exceed a valuation of USD 450 million by 2030 as a result of escalating product penetration in the aerospace and medical sectors in the region.

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Premium Report Details

  • Base Year: 2021
  • Companies covered: 15
  • Tables & Figures: 224
  • Countries covered: 16
  • Pages: 200

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