3D Printing Elastomers Market Growth 2022 Global Industry Size, Recent Trends, Demand and Share Estimation by 2030 with Top Players
The 3D Printing Elastomers market crossed US$ 198 Million mark in 2022 and is expected to hit US$ 1271 Million by 2030, recording a CAGR of 26% during the forecast period.
There is an increasing use of 3D printing technology in various end-use industries such as automotive, medical and dental, aerospace & defense, consumer goods, and others. In the automotive industry, 3D printing technology is transforming the manufacturing process. 3D printing technology helps various industries in making more complex and lighter structures at optimized costs. Moreover, 3D printing technology is highly used in manufacturing different consumer products, including cell phone cases, ear buds, and helmet liners. With the increasing use of 3D printing technology in various end-use industries, the demand for 3D printing elastomers is increasing. The powder segment is expected to pace up due to the high demand for the powder form from industries such as the aerospace & defense and automotive industry. Further, other segments such as filament and liquid are also expected to gain traction during the forecasted year.
The Report 3D Printing Elastomers Market study by “Business Market Insights” provides details about the market dynamics affecting the market, Market scope, Market segmentation and overlays shadow upon the leading market players highlighting the favorable competitive landscape and trends prevailing over the years.
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- KURARAY CO., LTD.
- BASF SE
- 3D Systems, Inc.
- Stratasys Ltd.
- The Lubrizol Corporation
In this report, the market has been segmented on the basis of:
- Thermoplastic Polyurethane
- Thermoplastic Vulcanizates
- Silicone Elastomers
- Styrene-Butadiene Rubber
- End-use Industry
- Medical and Dental
- Aerospace & Defense
- Consumer Goods
- North America
- Asia Pacific (APAC)
- South & Central America
- Middle East & Africa
High demand from aerospace & defence industry
The aerospace & defense is one of the major application industries of 3D printing elastomers. 3D printed components offer various advantages for the aerospace and defense sector. The weight of components really matters in the aerospace industry. The aerospace industry is always on the lookout of components that are stronger, lighter and durable. 3D printing technology has created new possibilities to meet these challenges in the aerospace industry. Hence, a high demand for 3D printing elastomers from the aerospace & defence industry is driving the market growth.
Recent strategic developments in 3D printing elastomers market
The 3D printing elastomers market has undergone several significant developments, and a few of these have been mentioned below:
- In October 2019, Dow launched new liquid silicone rubber 3D printing materials for use in liquid additive manufacturing (LAM) 3D printing. The company is enabling greater design freedom and process efficiency with its latest introduction to the North American elastomer market.
- In May 2021, Desktop Metal acquired 3D printing elastomer materials firm Adaptive3D.
- In June 2020, 3D Systems launched new Figure 4 3D Printing materials including new elastomer and jewellery resins – as well as a new quick casting material for its SLA 3D Printers.
The report segments the 3D Printing Elastomers Market based on application, type, service, technology, and region. Each chapter under this segmentation allows readers to grasp the nitty-gritty of the market. A magnified look at the segment-based analysis is aimed at giving the readers a closer look at the opportunities and threats in the market. It also addresses political scenarios that are expected to impact the market in both small and big ways. The report on the 3D Printing Elastomers Market examines changing regulatory scenarios to make accurate projections about potential investments. It also evaluates the risk for new entrants and the intensity of the competitive rivalry.
The report provides the current market size for 3D Printing Elastomers, defines trends and presents growth forecasts for nine years from 2022 to 2030. 2020 is considered as the base year, and 2022 to 2030 is forecast year for the entire report. All the market numbers for revenue are provided in US dollars. The market is analyzed by the supply side, considering the market penetration of 3D Printing Elastomers Market for all the regions globally.
The scope of the 3D Printing Elastomers Market Report:
The research report focuses on the current market trends, opportunities, future potential of the market, and competition in the 3D Printing Elastomers. The study also provides market insights and analysis of the 3D Printing Elastomers, highlighting the technological market trends, adoption rate, industry dynamics, and competitive analysis of major players in the industry.
The global 3D Printing Elastomers Market is segmented based on deployment, component, solution, application, and geography. The segmentation in this research study has been finalized post in-depth secondary research and extensive primary research. In addition, the market is also segmented on the basis of products offered by the leading participants in the industry in order to understand widely used market specific terminologies. Thus, we have incorporated the segments of the research and have finalized the market segmentation.
Major highlights of the report:
All-inclusive evaluation of the parent market
Evolution of significant market aspects
Industry-wide investigation of market segments
Assessment of market value and volume in past, present, and forecast years
Evaluation of market share
Tactical approaches of market leaders
Lucrative strategies to help companies strengthen their position in the market
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Note – The Covid-19 (coronavirus) pandemic is impacting society and the overall economy across the world. The impact of this pandemic is growing day by day as well as affecting the supply chain. The COVID-19 crisis is creating uncertainty in the stock market, massive slowing of supply chain, falling business confidence, and increasing panic among the customer segments. The overall effect of the pandemic is impacting the production process of several industries. This report on ‘3D Printing Elastomers Market’ provides the analysis on impact on Covid-19 on various business segments and country markets. The reports also showcase market trends and forecast to 2030, factoring the impact of Covid -19 Situation.
Reason to Buy
Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the global 3D Printing Elastomers Market.
Highlights key business priorities in order to guide the companies to reform their business strategies and establish themselves in the wide geography.
The key findings and recommendations highlight crucial progressive industry trends in the 3D Printing Elastomers Market, thereby allowing players to develop effective long-term strategies in order to garner their market revenue.
Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.
Scrutinize in-depth global market trends and outlook coupled with the factors driving the market, as well as those restraining the growth at a certain extent.
Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to products, segmentation and industry verticals.
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