The advent of 3D printing across the globe has been hailed as a revolutionary movement which has influenced various industries such as healthcare and automotive. With further advances in technology and our constant march towards a utopian modern world, 3D printing is being utilized as a life-saver and a game changer in the market. After the successful implantation of 3D printed blood vessels in Rhesus monkey in December 2016, the researchers now successfully implanted a network of 3D printed blood vessels and got it to survive and function within laboratory mice. The researchers at the Oregon Health and Science University (OHSU) are expecting this to be a breakthrough for the root canal treatment.
Plastic and photopolymer are two of the majorly used materials in the 3D printing industry and the market for both the materials is highly competitive, with all the players competing one another to gain a greater market share. In a major step forward, one of the key players of the market, Prodways, announced a partnership with Safran, one of the largest aircraft engine manufacturers in Europe, in June 2017.1
Another market player, Stratasys Ltd., introduced a new 3-D printer, in June, at the Paris Air Show that makes the Federal Aviation Administration and European Aviation Safety Agency approval process easier for aviation parts makers, according to the company. Stratasys is already supplying 3D printed parts to Boom Supersonic aircraft manufacturers.2 Stratasys, 3D Systems, Evonik, Formlabs, Envision TEC, DSM Somos, Polymaker, Voxeljet and Arkema, are some of the companies which have remained in the limelight in the last year because of product launches and developments and business expansions strategies.
Acknowledging the intense competition in the market, BIS Research has compiled a market intelligence report, titled ‘Global 3D Printing Plastic and Photopolymer Material Market - Analysis and Forecast, 2017-2023’. According to the analyst at BIS Research, “the global 3D printing plastic and photopolymer materials market is estimated to reach $1.9 billion by 2023. This is driven by a number of factors such as their cost effectiveness as compared to metals, reliable properties, government initiatives and rising investments for R&D, advancement in technologies and product development, ease of availability of materials, accurate printing speeds, lower labor costs, and high demand in the end-use industry.”
This report includes different segments of global 3D printing plastic and photopolymer materials market including market breakdown by material type, form, technology, application and geographical location. It also includes sections on competitive insights and market dynamics, wherein, the revenue generated from 3D printing plastic and photopolymer materials is tracked to calculate the market size. Special emphasis has been given to the market share and size of healthcare and consumer industry, owing to their large scale share in the current and upcoming market of 3D printing plastic and photopolymer materials. The industry analysis has also been done to examine the impact of various factors and understand the overall attractiveness of the industry.
References:
1 ENGINEERING.COM
2 Star Tribune
