the growth of this market. More training is expected, and the technology should be more user-friendly in order
to establish efficient and appropriate storage.
Application Insights:
The major segments utilizing these technologies are consumer products, aerospace, medical and automotive.
The automotive segment is expected to dominate 3D printing market contributing around 40% in the market
share for the year 2012. Dental technologies are adopting these technologies to upgrade precision level in
implants. Technologies such as stereo lithography, inkjet deposition, LBM, and FDM provides help for achieving
an appropriate arrangement of models that are going to be used in dental implants.
A huge number of dental laboratories in North America requirements in producing standardized and accurate
parts is leading to provide further opportunities to this market. 3D printing market for medical applications is
expected to increase with CAGR of 19.3% over the forecast period. 3D printing is being rapidly utilized for rapid
prototype development because of the technological advancements. Companies such as General Electric and
Boeing have been using 3D printing technology for exploring avenues to increase productivity and decrease
cost. Powder melting technologies are utilized in manufacturing engine blades and specialty components.
Presently, aerospace companies are making use of nylon, plastic, etc. for fabricating prototypes in interiors of
aircraft.
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Raw Material Insights
Various raw materials that are used in producing products for 3D printing market are metals, ceramics, and
others. The most widely used polymer among all other polymers is Acrylonitrile Butadiene Styrene (ABS) which
is evaluated to have earned a market revenue of USD 805.5 million for the year 2012. Producers are shifting
towards making maximum use of metals, but the required printers are highly expensive than those that are
made with thermoplastics. And because of this, polymers are anticipated to dominate this market over the
forecast period.
Regional Insights
North America dominated the market with contributing 42.2% market share in 2012. This was mainly because
two main players such as Stratasys and 3D Systems in that region that are leading to bring technological
advancements in their products. The European market is all set to dominate the North American market by the
end of 2020 and is forecasted to have an estimated value of USD 3,505.9 million until the end of forecasted