Posted in | Business | 3D Printing

Increasing Applications Drive Growth of Global 3D Printing Materials Market

Research and Markets has announced the addition of the "Global 3D Printing Materials Market 2014-2018" report to their offering.

The analysts forecast the Global 3D Printing Materials market to grow at a CAGR of 19.97 percent over the period 2013-2018. One of the key factors contributing to this market growth is the increase in the number of applications. The Global 3D Printing Materials market has also been witnessing growing demand from 3D printed electronics. However, the high R&D costs could pose a challenge to the growth of this market.

Key vendors dominating this space are 3D Systems Inc., Arcam AB., ExOne GmbH, and Stratasys Ltd.

Other vendors mentioned in the report are Arkema SA, Bolson Materials International Inc., CRP Group, DSM Desotech Inc., EnvisionTEC GmbH, EOS Gmbh Electro Optical Systems, Hoganas AB, Lomiko Metals Inc., LPW Technology Ltd., Materialise NV, Oxford Performance Materials, Renishaw plc, Sandvik AB, Solid Concepts Inc., and Voxeljet AG.

Commenting on the report, an analyst from the team said: Vendors in this market are increasingly investing in R&D to provide better functionality and innovative products. These investments have enabled vendors to capture a significant market share and gain a competitive edge over other vendors in the Global 3D Printing Materials market. Vendors in the market such as 3D Systems Inc., Arcam AB, and Stratasys Ltd. have already invested heavily in R&D for the expansion of their product portfolio. This increased R&D spending by vendors is a trend that is expected to have a positive impact on the growth of the market during the forecast period.

According to the report, many drivers are contributing to the growth of the Global 3D Printing Materials market, the most important of which is the growing demand for these materials from individual customers.

For more information visit http://www.researchandmarkets.com/research/psw7qv/global_3d

Source: http://www.researchandmarkets.com/

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