Growth of the 3D printing materials market is largely associated with the increasing demand for 3D printing technology, which are used in various end-use industries such as aerospace & defense, medical & dental, automotive, and consumer goods. 3D printing technology offers various advantages such as design flexibility, cost effectiveness, and less wastage in designing of parts for various end-use industries.
“Aerospace & defense and medical & dental applications to drive the 3D printing materials market during the forecast period”
3D printing, the current revolutionary technology globally is competitively expanding its footprint in different applications. The aerospace & defense applications is expected to account for the largest market share during the forecast period. 3D metal printing is used in aerospace & defense industry for manufacturing complex parts such as jet wings, engine parts, space telescope, metal guns, rocket parts, and others. Companies are constantly introducing new 3D printing materials to cater to the increasing demand of 3D printing. Arcam AB introduced a new 3D printing material named Inconel 718, specifically for aerospace application. Medical & dental is also one of the major applications that use the 3D printing technology. Several medical products such as surgical equipment, prosthetics & implants, orthopedic, dental, and cranio-maxillofacial and tissue-engineered products are manufactured using the 3D printing technology.