The global demand for 3D Printing Elastomers Market is presumed to reach the market size of nearly USD 970.05 BN by 2028 from USD 162.30 BN in 2021 with a CAGR of 29.1% under the study period 2022 - 2028.
3D printing elastomers are rubber-like printing materials that help to create flawless 3D printing models. The elastomers primarily consist of large molecules and are characterized by high thermal stability and elasticity, along with abrasion and tear resistance. The 3D models are created with the help of a computer by piling up the materials in layers. For 3D printing, some of the commonly used elastomers are thermoplastic polyurethane, silicon, thermoplastic vulcanizate and styrene-butadiene. 3D printing elastomers are suitable for applications requiring flexibility and durability, such as industrial parts and consumer goods. It is time-saving and cost-effective as high-quality parts can be manufactured with the help of 3D models within a couple of days. The 3D printing elastomers are utilized for manufacturing prototypes, functional parts and spare parts across diverse sectors like automobile, aerospace, defense and healthcare.
Market Dynamics
The 3D printing elastomers market is anticipated to observe impressive growth during the forecast period. The key factors driving its market are the increasing adoption of various types of 3D printing materials in the healthcare sector and a surge in demand for the printing elastomers from various end-use industries like automotive, consumer goods and medical. Growing demand for prototyping applications and increasing use of home 3D printers, particularly in North America and Europe, are other chief growth factors. Its market will be favored by rapid industrialization and an increase in commercial activities. The growing need for mass customization, lightweight designs, enhanced speed and remote production are important factors impacting its market positively. Furthermore, growing investment in 3D printing elastomers and favorable government policies is expected to boost its demand. However, high initial investment and import restrictions due to the Covid-19 pandemic may restrict the growth of the 3D printing elastomers market over the assessment period.
The research report covers Porter's Five Forces Model, Market Attractiveness Analysis, and Value Chain analysis. These tools help to get a clear picture of the industry's structure and evaluate the competition attractiveness at a global level. Additionally, these tools also give an inclusive assessment of each segment in the global market of 3d printing elastomers. The growth and trends of 3d printing elastomers industry provide a holistic approach to this study.
Market Segmentation
This section of the 3d printing elastomers market report provides detailed data on the segments at country and regional level, thereby assisting the strategist in identifying the target demographics for the respective product or services with the upcoming opportunities.
By Form
By Material
- TPE (Thermoplastic Elastomer)
- SBR ( Styrene-Butadiene Rubber) & Sbs (Styrene-Butadiene Styrene)
- Others
By Technology
Regional Analysis
This section covers the regional outlook, which accentuates current and future demand for the 3D Printing Elastomers market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand, estimation, and forecast for individual application segments across all the prominent regions.
Global 3D Printing Elastomers Market Share by Region (Representative Graph)
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the 3d printing elastomers market include Carbon Inc, FormLabs, BASF SE, 3D Systems Inc, Proto Labs Inc, EOS, Dow Chemical Company, Evonik Industries AG, Zortax, and ExoOne. This section consists of a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
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