Rapid Prototyping Material Market size worth $ 2282.8 Million, Globally, by 2028 at 28.50% CAGR: Verified Market Research®
Growing demand for Rapid Prototyping Material from end-user industries, application of 3D printing, development of cost effective prototyping materials, are some of the factors to boost the Rapid Prototyping Material Market.
JERSEY CITY, N.J., Feb. 14, 2022 /PRNewswire/ -- Verified Market Research recently published a report, "Rapid Prototyping Material Market" By Material Type (Ceramics, Metals, and Alloys), By End-User (Aerospace and Defense, Medical, Electronics), and By Geography. According to Verified Market Research, the Global Rapid Prototyping Material Market size was valued at USD 658.6 Million in 2020 and is projected to reach USD 2282.8 Million by 2028, growing at a CAGR of 28.50% from 2021 to 2028.
Download PDF Brochure: https://www.verifiedmarketresearch.com/download-sample/?rid=216048
Browse in-depth TOC on "Rapid Prototyping Material Market"
202 - Pages
126 – Tables
37 – Figures
Global Rapid Prototyping Material Market Overview
Driver- Rapid prototyping is used in the additive manufacturing process to build testing models, which are particularly important for casting and tooling, and are expected to drive the rapid prototyping materials industry. The use of 3D printing technology for prototyping applications has been introduced in highly important end-use industries such as aerospace and defense and healthcare. Rapid prototyping is a word that refers to a set of technologies that are used to generate actual products from computer-aided design (CAD) data in a step-by-step fashion. These "three-dimensional printers" allow designers to readily build tangible prototypes of their designs instead of only two-dimensional sketches.
Cos of the significance of time in consumer product sales, rapid prototyping is commonly employed in the creation of consumer products and electronics. Rapid prototyping has led to the development of novel materials with improved performance and the ability to standardize based on the prototype. The most widely utilized materials for rapid prototyping are metals, polymers, and ceramics, with polymers being the most prevalent in the industry.
Restraints- High material costs, synchronization between prototyping and production materials, and a low adoption rate of rapid prototyping in emerging economies are all major issues limiting the Rapid Prototyping Materials Market's growth. The Rapid Prototyping Materials Market is likely to be driven by high R&D investments by leading industry players.
Opportunity – Rapid prototyping (RP) is a novel manufacturing process that enables the rapid manufacture of computer models created using 3D computer-aided design software. The automotive, aerospace, defense, and other manufacturing industries are the primary end-users of rapid prototyping.
Key Developments in Rapid Prototyping Material Market
- August 17, 2020, Continuous Composites, the inventor of Continuous Fiber 3D Printing technology, is deepening its collaboration with Arkema (CF3D).
- September 10, 2021. 3D Systems introduces VisiJet Wax Jewel Red, a new material for jewelry design.
- Dec 20, 2021, Oxford Performance Materials (OPM) has been hired by Boeing to 3D print parts for the CST-100 Starliner spacecraft. Early next year, the Starliner will take to the skies OPM has already started shipping the OXFAB parts to Boeing, where they will be installed.
Key Players
The major players in the market are Arkema, 3D Systems, Inc., CRS Holdings Inc., EOS, DSM, Oxford Performance Materials, Sandvik AB, Höganäs AB, Renishaw plc., GENERAL ELECTRIC.
Verified Market Research has segmented the Global Rapid Prototyping Material Market On the basis of Material Type, End-User, and Geography.
- Rapid Prototyping Material Market, By Material Type
- Ceramics
- Metals and Alloys
- Plastics
- Other
- Rapid Prototyping Material Market, By End-User
- Aerospace and Defense
- Medical
- Electronics
- Construction
- Other
- Rapid Prototyping Material Market by Geography
- North America
- U.S
- Canada
- Mexico
- Europe
- Germany
- France
- U.K
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- Rest of Asia Pacific
- ROW
- Middle East & Africa
- Latin America
Browse Related Reports:
Invisible Ink Market By Product (UV Fluorescent Inks, Thermochromatic Inks, Infrared Fluorescent Inks), By Application (Banknotes, Official Identity Documents, Tax Banderoles), By Printing Method (Letterpress, Offset, Intaglio), By Geography, Forecast, 2020-2027
Industrial Adhesives Market By Type (Water-based Adhesives, Hot-Melt Adhesives), By Application (Automotive, Packaging Industry), By Geography, Forecast, 2020-2027
3D Printing Automotive Market By Technology (Stereolithography, Electronic Beam Melting, Fused Deposition Modeling), By Material Type (Metal, Polymer), By Application (Production, Prototyping), By Geography, Forecast, 2020-2027
Flat Glass Market By Type (Float, Rolled, and Sheet), By Product (Simple Float Glass, Toughened Glass, Coated Glass, Laminated Glass), By End-Use Industry (Construction & Infrastructure, Automotive & Transportation, Solar Energy), By Geography, Forecast, 2020-2027
Top 10 3D Printing Material Companies – Manufacturing made simpler
Visualize Rapid Prototyping Material Market using Verified Market Intelligence:-:
Verified Market Intelligence is our BI Enabled Platform for narrative storytelling of this market. VMI offers in-depth forecasted trends and accurate Insights on over 20,000+ emerging & niche markets, helping you make critical revenue impacting decisions for a brilliant future.
VMI provides a holistic overview and global competitive landscape with respect to Region, Country, and Segment, and Key players of your market. Present your Market Report & findings with an inbuilt presentation feature saving over 70% of your time and resources for Investor, Sales & Marketing, R&D, and Product Development pitches. VMI enables data delivery In Excel and Interactive PDF formats with over 15+ Key Market Indicators for your market.
About Us
Verified Market Research is a leading Global Research and Consulting firm servicing over 5000+ customers. Verified Market Research provides advanced analytical research solutions while offering information enriched research studies. We offer insight into strategic and growth analyses, Data necessary to achieve corporate goals and critical revenue decisions.
Our 250 Analysts and SME's offer a high level of expertise in data collection and governance use industrial techniques to collect and analyze data on more than 15,000 high impact and niche markets. Our analysts are trained to combine modern data collection techniques, superior research methodology, expertise and years of collective experience to produce informative and accurate research.
We study 14+ categories from Semiconductor & Electronics, Chemicals, Advanced Materials, Aerospace & Defense, Energy & Power, Healthcare, Pharmaceuticals, Automotive & Transportation, Information & Communication Technology, Software & Services, Information Security, Mining, Minerals & Metals, Building & construction, Agriculture industry and Medical Devices from over 100 countries.
Contact Us
Mr. Edwyne Fernandes
Verified Market Research®
US: +1 (650)-781-4080
UK: +44 (753)-715-0008
APAC: +61 (488)-85-9400
US Toll Free: 1 (800)-782-1768
Email: [email protected]
Web: https://www.verifiedmarketresearch.com/
Follow Us: LinkedIn | Twitter
SOURCE Verified Market Research
WANT YOUR COMPANY'S NEWS FEATURED ON PRNEWSWIRE.COM?
Newsrooms &
Influencers
Digital Media
Outlets
Journalists
Opted In
Share this article