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Market for 3D Printing Material Expected to Grow by 30% until 2020

According to a recent report by IndustryARC, a market research and consulting company that publishes more than 20 reports every month in various industries, the market for 3D printing materials will grow at a CAGR of 29.5% until 2020.

In 2013 the market for materials had a revenue of $ 351.4 million, with a consumer 3D printing share of 46%. The number of consumer 3D printers shipped is said to double until 2020 and results in a higher demand of plastic materials like ABS and PLA, that currently account for 70% of the plastic 3D printing material market.

The demand for metals in 3D printing will increase mainly for high-end applications like aerospace and defence as well as the automotive industry due to the high cost of titanium, steel, copper, cobalt, silver, gold etc.

In the medical and dental field the demand for materials to create implants, prosthetics and orthodontic devices will increase as well.

The full report includes also company profiles of keyplayers such as Stratasys, Materialise, Arcam an others.

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