Rapid Prototyping Materials Market Analysis

Rapid Prototyping Materials Market Analysis

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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.
 

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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.
 

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.
 

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.