Dallas, TX -- (ReleaseWire) -- 03/21/2014 -- 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. This is primarily due to the increasing adoption of 3D printers for personal use, especially by hobbyists. The revenue contribution of individual customers to the Global 3D Printers market is expected to post a year-on-year growth rate of over 90 percent.
Further, the report states that one of the major challenges in the market is the high R&D costs associated with the development of 3D printing materials such as bio-compatible polymers for application in the Healthcare industry. Also, the approval of such products from regulatory authorities such as the FDA increases costs for vendors.
The report recognizes the following companies as the key players in Global 3D Printing Materials Market: 3D Systems Inc., Arcam AB., ExOne GmbH, and Stratasys Ltd., 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.
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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.
Key questions answered in this report:
- What will the market size be in 2018 and what will the growth rate be?
- What are the key market trends?
- What is driving this market?
- What are the challenges to market growth?
- Who are the key vendors in this market space?
- What are the market opportunities and threats faced by the key vendors?
- What are the strengths and weaknesses of the key vendors?
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