Global 3D printing Market is forecast to grow at CAGR of 16.8% from 2014 to 2021
Global 3D printing market was worth $2,200 million in 2012 and is expected to reach $12,240 million in 2021, growing at a CAGR of 16.8 percent from 2014 to 2021
3D printing is a process of making a three dimensional (3D) object based on 3D model data using additive materials. It is also known as additive printing technology or additive manufacturing. 3D printing works through an industrial robot or 3D printer. In the printing process, the computer controls the material that is placed in layers to form geometry shapes. In addition, complex designs are manufactured using 3D printing technologies in various fields.
Fused Disposition Modeling (FDM), Wax Disposition Modeling (WDM), Stereo-lithography (SLA), Binder-Jetting, Poly-Jet Printing, Selective Laser Sintering, Direct Metal Laser Sintering, Electron Beam Melting (EBM), Laminated Object Manufacturing (LOM), Three-Dimensional Inkjet Printing (3DP), and other are the technologies that are used in the global 3D printing market.
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Polymers, metals, ceramics, etc. are the materials used in 3D printing depending on the need of the industry. These materials are further bifurcated such as polymers that includes polylactic acid (PLA), low-density polyethylene, photopolymers, acrylonitrile butadiene styrene (ABS), high-density polyethylene, nylon, and others polymers; Metals and alloys are classified as titanium, copper, nickel, cobalt, gold, steel, silver, aluminum, and other metals and alloys; ceramics are bifurcated as glass, silica, quartz, etc., and others segment can be broadly classified as wax, lay wood, metal foil, porcelain, edible materials, clay, paper, etc.
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