USD 700 million
Rapid Prototyping Materials Market Size, Share, Growth Analysis, By Material(Thermoplastics, Metal & Alloys, Ceramics, Others), By End User(Construction & Manufacturing, Electronics & Consumer Goods, Automotive, Medical & Healthcare), By Region - Industry Forecast 2024-2031
Report ID:
SQMIG45F2123 |
Region:
Global |
Published Date: July, 2036
Pages:
165
|Tables:
67
|Figures:
75
Rapid Prototyping Materials Market Insights
Rapid Prototyping Materials Market size was valued at USD 700 million in 2019 and is poised to grow from USD 749 million in 2023 to USD 1131 million by 2031, growing at a CAGR of 7% in the forecast period (2024-2031).
Rapid prototyping technology is frequently used to verify the capabilities of materials in terms of their physical attributes prior to mass manufacturing. The design engineers are able to manufacture quality goods while conserving time, energy, and materials on the basis of the material qualities used in fast prototyping. Stereolithography (SLA), selective laser sintering (SLS), fused deposition modeling (FDM), selective laser melting (SLM), laminated object manufacturing (LOM), and others are examples of rapid prototyping methods. For example, polyamide 12 is the most often used material for SLS rapid prototyping among the several materials available.
Due to the rising demand for medical devices, the medical & healthcare industry, however, suffered little overall from the pandemic. The United States was able to develop and test the essential medical items during COVID-19 because of 3D printing technologies, including rapid prototyping, according to surveys by the Food & Drug Administration. Rapid prototyping services are projected to change strategically in the next few years, supporting the normalization of industrial operation.
US Rapid Prototyping Materials Market is poised to grow at a sustainable CAGR for the next forecast year.
Market Snapshot - 2024-2031
Global Market Size
Largest Segment
Metal & Alloys
Fastest Growth
Metal & Alloys
Growth Rate
7% CAGR
Global rapid prototyping materials Market 2024-2031 ($ Bn)
Country Share for North America Region- 2024-2031 (%)
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Rapid Prototyping Materials Market Segmental Analysis
The global rapid prototyping materials market is segmented based on material, end-user and regions. On the basis of material, the rapid prototyping materials market can be bifurcated into thermoplastics, metal & alloys, ceramics and other segments. Based on end-users rapid prototyping materials market can be further segregated into construction & manufacturing, electronics & consumer goods, automotive, medical & healthcare, aerospace & defense and other sub segments. The regional insights of rapid prototyping materials market are into North America, Europe, Asia-Pacific, Latin America and Middle East and Africa.
Rapid Prototyping Materials Market Analysis by material
Due to their wide range of characteristics, including great strength, functionality, and durability, thermoplastics are the most widely used prototyping materials. Thermoplastics are more affordable and come in a wide variety. Thermoplastics including PA, PE, PEEK, ABS, PC, and PET have all been utilized to create prototypes. Future segment growth is anticipated to be fueled by the availability of plastic in large quantities and ongoing technological advancements in plastic manufacture. Prototypes for the industrial and medical industries are frequently made out of metal and alloys. To create prototypes with high strength, heat resistance, chemical resistance, and other desirable features, materials like titanium, stainless steel, and aluminum are frequently employed. Lithography-based Ceramics Manufacturing allows for the production of low volume OEM ceramic prototypes (LCM). Plaster, paper, composites, and other materials are included in the others division.
Global rapid prototyping materials Market Share By Grade Type, 2024-2031 (%)
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Rapid Prototyping Materials Market Regional Insights
Due to the established 3D printing technologies and bigger number of service providers in the region, North America is predicted to dominate the global industry. North America's market was worth USD 175.7 million. In terms of all the major end-use industries, the United States is the top consumer of rapid prototyping technologies. The primary factors driving the market's growth are the advanced industrial sector and rapid urbanization. Additionally, the aerospace and medical industries are thriving in the United States, which will likely lead to an increase in the need for prototyping materials in the near future.
During the forecast period, the market for rapid prototyping materials in Asia Pacific is anticipated to increase at a compound yearly growth rate of 19.8 percent. Asia has the second-largest market share in the world as a result of the growing industrialisation of its emerging economies. The market is dominated by China, Japan, and South Korea. Manufacturers are being encouraged to simulate and iterate a variety of materials to produce viable prototypes for various purposes because of the abundance of raw materials at significantly lower prices. Additionally, businesses are making considerable investments in building robust service centers so that customers can get a one-stop shop under one roof.
Global rapid prototyping materials Market By Geography, 2024-2031
- Largest
- Fastest
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Rapid Prototyping Materials Market Dynamics
Rapid Prototyping Materials Market Driver
- It is projected that factors like high strength and corrosion resistance, along with the capacity to manufacture complicated prototypes in a single fluid build, will encourage the use of metals and alloys in prototype construction. Rapid prototyping is frequently done with metals in fields including transportation, aerospace & military, and medicine. Metals are mostly used in the healthcare sector for rapid prototyping of medical equipment including implants, surgical instruments, and other items. Due to their heat resistance, strength, and adaptability, steel and aluminum are two of the most often utilized metals in fast prototyping. Over the forecast period, the market is expected to be driven by the expanding healthcare sector across all economies. The largest market share belongs to the United States.
Rapid Prototyping Materials Market Restraint
- The expense of setting up fast prototyping tools is expensive initially. The rate or cost of quick prototyping depends on a variety of elements, such as the type of prototype, the material, the final properties, and the reason and nature of the prototype design. Some cutting-edge technologies might cost up to $100,000. In comparison to thermoplastics, ceramic materials and smart materials for rapid prototyping are more expensive.
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Rapid Prototyping Materials Market Competitive Landscape
Major companies are concentrating on introducing next-generation thermoplastics appropriate for additive manufacturing, 3D printing, and fast prototyping, including 3D Systems Corporation, Arkema, Covestro, and Tethon 3D. The 3D Systems Corporation announced plans to build its headquarters in South Carolina in February 2021. The complex will have advanced metal & polymer manufacturing capabilities, training facilities, laboratories for the development of innovative materials, and client centers. Such strategic initiatives are increasing the company's expertise in fast prototyping technology, which in turn is having an impact on market expansion.
Rapid Prototyping Materials Market Top Players Company Profiles
- Arkema S.A.
- Stratasys, Ltd.
- 3D Systems Corporation
- EOS GmbH
- Evonik Industries AG
- Voxeljet AG
- Materialise NV
- Oxford Performance Materials
- Höganäs AB
- LPW Technology Ltd.
- EnvisionTEC
- SLM Solutions Group AG
- Concept Laser GmbH
- Arcam AB
- Renishaw plc
- Ultimaker BV
- Prodways Group
- DSM Somos
- Carbon, Inc.
- Markforged, Inc.
Rapid Prototyping Materials Market Recent Developments
- In November 2021, on display at the Formnext 2021 Exhibition in Germany were unique UV-curable formulations for 3D printing technology from Arkema. Formulations such N3D-TOUGH 784, HT-511, DMT-303, IC-163, and LF-053 are part of the product portfolio.
- In March 2021, By using discarded bottles obtained from the Chinese company Nongfu Spring, Covestro and Polymaker produced a polycarbonate filament suited for 3D printing technology. Less carbon footprints were left behind in the finished product, which also complies with industry standards.
Rapid Prototyping Materials Key Market Trends
- Less carbon footprints were left behind in the finished product, which also complies with industry standards. For the producers, who are concentrating on developing a sustainable supply chain in accordance with cutting-edge 3D printing & fast prototyping technologies, the product was deliberately released. Other plastic materials can also be recycled for use in rapid product prototyping, including PE, PET, PP, and PS.
Rapid Prototyping Materials Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates and Analyses the Data collected by means of Primary Exploratory Research backed by the robust Secondary Desk research.
According to our analysis, the global rapid prototyping materials market is segmented based on materials, end-use and regions. The need for advanced rapid prototyping technologies in the healthcare sector is also rising as a result of rising investment in the construction of cutting-edge healthcare facilities. Applications such as prototype developments for the arts & humanities are included in the Others category. The other segments had the smallest market share, and the forecast period is expected to see no change in this pattern.
| Report Metric | Details |
|---|---|
| Market size value in 2019 | USD 700 million |
| Market size value in 2031 | USD 1131 million |
| Growth Rate | 7% |
| Base year | 2023 |
| Forecast period | 2024-2031 |
| Forecast Unit (Value) | USD Million |
| Segments covered |
|
| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
|
| Customization scope | Free report customization with purchase. Customization includes:-
|
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Rapid Prototyping Materials Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Rapid Prototyping Materials Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Rapid Prototyping Materials Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Rapid Prototyping Materials Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Rapid Prototyping Materials Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Rapid Prototyping Materials Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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