The global additive manufacturing materials market is estimated to witness a moderately high growth during the forecast period, 2018-2023. Asia-Pacific is expected to witness the highest CAGR during the forecast period, fuelled by increasing government initiatives & investments and efficient use of technology in end-user industry, such as aerospace, automotive, medical, industrial machineries, tools, etc. Moreover, the usage of new technologies for 3D printing and rapid prototyping has increased the demand for additive manufacturing globally.
The demand for additive manufacturing in aerospace sector has increased since last decade for complex parts, like engine and turbine parts, interior components, customized parts & sub-parts, printing aircraft wings, other complex designs or prototype, etc. There are consequent developments and investments in R&D, as well as increasing advance technology has helped the companies to reduce cost and time by using additive manufacturing in aerospace sector. The market is expected to increase during forecast period as there is still higher scope for additive manufacturing and its new applications in aerospace, such as printing large structure applications in space, printing repair parts in battlefield, fixtures & fittings, etc. Additive manufacturing reduces weight of aircraft, which helps in reduction of CO2 emission and carbon footprint, for instance, decreasing weight by 500g of airplane can reduce 300,000 tons of CO2 in its 30 years of life. Companies, like Airbus, Premium AEROTEC, etc., have taken initiatives for such aircraft components using additive manufacturing.
The additive manufacturing market is dominated by plastics & polymers materials and is estimated to dominate in the near future, while the metals’ demand for additive manufacturing has increased at faster pace, which can replace the dominance of plastics & polymers by 2025. Majorly metals, like alloys of titanium, aluminum, nickel, stainless steel, etc., has increased the demand due to their efficient physical and chemical properties, which enhance the product efficiency and life.
North America remains the top region for additive manufacturing. The United States is expected to retain its position as the top country, owing to higher rate of adoption of additive manufacturing systems by companies because of efficient cost and minimized waste, helping in environmental benefits. The demand for lightweight automotive and complex medical devices & tools has also increased the demand for additive manufacturing in the region. It is estimated that the region will have a CAGR over 18% during the forecast period, while European region is estimated to have close competition with North America in terms of revenue, and Asia-Pacific is likely to have the highest CAGR during the forecast period.
Major Players – Arcam AB, EOS GmbH., GE Aviation, Sandvik, Stratasys Inc., Renishaw plc., 3D Systems Corporation, DSM Somos, Materialise NV, etc., among others.
1.1 Scope of the Report
1.2 Market Definition
1.3 Study Assumptions
1.4 Study Deliverables
1.5 Research Phases
2. Executive Summary
3. Market Insights
3.1 Industry Value Chain Analysis
3.2 Industry Attractiveness – Porter’s Five Forces Analysis
3.2.1 Bargaining Power of Suppliers
3.2.2 Bargaining Power of Consumers
3.2.3 Threat of New Entrants
3.2.4 Threat of Substitute Products and Services
3.2.5 Intensity of Competitive Rivalry
3.3 Patent Analysis
3.4 Regulatory Snapshot
3.5 Technological Snapshot
3.5.1 Powder Bed Fusion (Electron beam melting, Direct metal laser melting, Selective laser melting, etc.)
3.5.2 Fused Deposition Modeling
3.5.3 Vat Photopolymerization (Stereolithography, Direct Light Processing, etc.)
3.5.4 Material Jetting
3.5.5 Directed Energy Deposition (Laser engineered net shape, Rapid plasma deposition, etc.)
3.5.6 Other Technologies
4. Market Dynamics
4.1.1 Increasing Demand from the Aerospace Sector
4.1.2 Technological Advancements in Medical Industry
4.1.3 Other Drivers
4.2.1 Intellectual Properties and Technology issues
4.2.2 Limited Penetration and Adoption in the Underdeveloped Market
4.2.3 Other Restraints
4.3.1 Replacement of Conventional Technology in Oil & Gas, Automotive, and other industries
4.3.2 Other Opportunities
5. Market Segmentation and Analysis (Market Size, Share, and Forecast)
5.1 By Material Type
5.1.1 Plastics and Polymers
22.214.171.124.1 Stainless Steel
126.96.36.199.2 Other Steel
188.8.131.52 Precious Metals
5.2 By End-user Industry
5.2.3 Industrial (Machinery, robotics, other Industrial Applications)
5.2.4 Medical (Dental, Orthopedic, Medical Devices, etc.)
5.2.5 Tools (Die-casting, injection molding, etc.)
5.2.6 Consumer Electronics
6. Regional Market Analysis (Market Size, Share, and Forecast)
6.1.4 South Korea
6.1.5 Australia & New Zealand
6.1.6 Rest of Asia-Pacific
6.2 North America
6.2.1 United States
6.2.4 Rest of North America
6.3.2 United Kingdom
6.3.6 Nordic Countries
6.3.8 Rest of Europe
6.4 South America
6.4.3 Rest of South America
6.5 Middle East & Africa
6.5.1 Saudi Arabia
6.5.2 United Arab Emirates
6.5.3 South Africa
6.5.4 Rest of Middle East & Africa
7. Future of the Market
8. Competitive Landscape
8.1 Mergers & Acquisitions, Joint Ventures, Collaborations, and Agreements
8.2 Market Share Analysis**
8.3 Strategies Adopted by Leading Players
9. Company Profiles (Overview, Financials**, Products & Services, Recent Developments, and Analyst View)
9.1 3D Systems Corporation
9.2 3T RPD Ltd.
9.3 Arcam AB
9.4 Biomedical Modeling Inc.
9.5 DSM Somos
9.6 Envisiontec GmbH
9.7 EOS GmbH
9.8 Fcubic AB
9.9 GE Aviation
9.10 GPI Prototype and Manufacturing Services Inc.
9.11 Integer Holdings Corporation
9.12 Layerwise NV
9.13 LimaCorporate S.p.a
9.14 Materialise NV
9.15 Objet Ltd.
9.16 Renishaw plc.
9.18 Stratasys Inc.
*List not Exhaustive
**Subject to availability on public domain