PUBLISHER: SkyQuest | PRODUCT CODE: 1250045
PUBLISHER: SkyQuest | PRODUCT CODE: 1250045
Global Rapid Prototyping Materials Market Size, Share, Growth Analysis, By Material(Thermoplastics, Metal & Alloys), By End User(Construction & Manufacturing, Electronics & Consumer Goods) - Industry Forecast 2022-2028.
Before using a material in mass production, rapid prototyping technology is usually used to check its physical attribute capabilities. Based on the properties of the materials used in quick prototyping, design engineers may produce high-quality products while reducing their usage of time, energy, and materials. A few examples of rapid prototyping techniques are laminated object manufacturing (LOM), selective laser melting (SLM), fused deposition modelling (FDM), selective laser sintering (SLS), stereolithography (SLA), and selective laser melting (SLS). For SLS rapid prototyping, polyamide 12 is the material that is most frequently utilised out of all the ones that are available.
The medical and healthcare business, however, mostly escaped the pandemic unscathed because of the increase in demand for medical devices. According to surveys by the Food & Drug Administration, 3D printing technology, such as rapid prototyping, enabled the United States to produce and test the required medical items during COVID-19. In the coming years, it is anticipated that rapid prototyping services would evolve strategically to assist the normalisation of industrial activity.
Top-down and bottom-up approaches were used to estimate and validate the size of Asia Pacific Rapid Prototyping Materials Market and to estimate the size of various other dependent submarkets. The research methodology used to estimate the market size includes the following details: The key players in the market were identified through secondary research, and their market shares in the respective regions were determined through primary and secondary research. This entire procedure includes the study of the annual and financial reports of the top market players and extensive interviews for key insights from industry leaders such as CEOs, VPs, directors, and marketing executives. All percentage shares split, and breakdowns were determined by using secondary sources and verified through Primary sources. All possible parameters that affect the markets covered in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data.
Segments covered in this report
The global rapid prototyping materials market is segmented based on material, end-user and regions. On the basis of material, the market can be bifurcated into thermoplastics, metal & alloys, ceramics and other segments. Based on end-users the market can be further segregated into construction & manufacturing, electronics & consumer goods, automotive, medical & healthcare, aerospace & defense and other sub segments. The regional insights of the market are into North America, Europe, Asia-Pacific, Latin America and Middle East and Africa.
Driver
High strength and corrosion resistance, as well as the ability to create complex prototypes in a single fluid build, are predicted to promote the use of metals and alloys in prototype production. In industries like transportation, aerospace & military, and medicine, rapid prototyping with metals is common practise. Most medical equipment, including implants, surgical instruments, and other products, is rapidly prototyped using metals in the healthcare industry. Aluminum and steel are two of the most often used metals in fast prototyping because of their versatility, strength, and resilience to heat. The market is anticipated to be driven by the rising healthcare sector in all economies during the course of the projected period. United States consumers make up the greatest portion of the market.
Restraint
Initially, setting up quick prototyping tools is expensive. A number of factors, including the kind of prototype, the material, the final qualities, the purpose and nature of the prototype design, affect the speed or cost of quick prototyping. Up to $100,000 may be required for some cutting-edge devices. The cost of ceramic materials and smart materials for rapid prototyping is higher than that of thermoplastics.
Market Trends
In addition to meeting industry standards, the finished product had less carbon footprints. The product was purposefully made available for consumers by the manufacturers, who are focused on creating a sustainable supply chain using cutting-edge 3D printing & fast prototyping technology. For usage in quick product development, other plastic materials like PE, PET, PP, and PS can also be recycled.