3D Printing Materials Market Strategies and Forecasts,2016-2026 FMI | Page 3

Report
Description
Report Description
3D printing is a manufacturing process where an object is synthesized in three dimensions by
layering of material in succession directly from a predefined computer file containing the digital
3D model. The process is also known as Additive Manufacturing. 3D printing materials are those
materials which can be easily manipulated by the 3D printing machines to produce the desired
object. Initially in the 1980s, 3D printing technology was in its nascent stage and the 3D printing
materials used were wax and simple thermoplastics since its purpose was limited to prototyping
and sampling. Conversely, in the present scenario, 3D printing has evolved beyond prototyping
and is utilized directly for functional purposes leading to the usage of more sophisticated and
complex materials which requires it to be reliable and durable.

Global 3D Printing Materials Market Dynamics
Increased spending by the manufacturing sector around the globe for research and
development purposes positively affects the sales of 3D printers thus improving the market for
3D printing materials. Rapid prototyping is steadily being widely accepted technology for
product designing, product sampling, prototyping and concept modelling to the final stages of
manufacturing thereby improving the growth of the 3D printing materials market. The process
of additive manufacturing is steadily gaining traction in the field of medicine where prosthesis
and dental attachments are produced by 3D printers which in turn boosts the growth of special
purpose 3D printing materials in the market. Adoption of 3D printers for educational and
architectural purpose has boosted the sales of 3D printing materials. Intense competition
among the 3D printer manufacturers has led to miniaturization, reduction in the prices of 3D
printers, improvements in its performance has contributed to the growth of 3D printing
materials market.