Global market to grow by 21% annually / Demand to reach USD 5 bn in 2017 / Plastics largest share of materials demand / US largest market / Freedonia report
World demand for 3D printers and related materials, including plastics, is predicted by US market researcher Freedonia (Cleveland, Ohio; www.freedonia.com) to increase 21% annually reaching USD 5 bn in 2017. The 293-page report, "World 3D Printing (Additive Manufacturing)", says plastics will continue to account for the majority of materials demand but forecasts faster growth for metals due to their greater strength and resistance as well as rapid gains in markets such as aerospace.

Prototyping will remain the largest application but stronger growth will come from production and consumer uses as 3D printers will increasingly be used to manufacture direct production parts and finished goods. Some of the fastest growth will be seen in the medical and dental sectors, while other significant markets include consumer products such as jewellery, toys, fashion clothing and electronics as well as automotive and aerospace. Pauline Tung, an analyst with Freedonia, expects “greater adoption of additive manufacturing technologies as 3D printing speeds and material quality improve”.

The US will remain the world’s largest market for 3D printing, accounting for 42% of global sales in 2017 when demand will have risen to nearly USD 2.3 bn from 2012’s level of USD 900m, according to the report. In Europe, demand is projected to climb from USD 495m in 2012 to more than USD 1.2 bn five years later. Rapid gains are expected in China where most applications, particularly those in large markets such as consumer products manufacturing, centre on design, sample testing or prototyping.
10.01.2014 Plasteurope.com [227130-0]
Published on 10.01.2014
Generative Fertigung: Markt für 3D-Drucker wächstGerman version of this article...

© 2001-2021 Plasteurope.com  |  Imprint  |  Privacy  |  Cookie settings

Plasteurope.com is a business information platform for the European plastics industry. It is part of KI Kunststoff Information and PIE Plastics Information Europe, one of the leading content providers for the European plastics industry. We offer daily updated business news and reports, in-depth market analysis, polymer prices and other services for the international plastics industry, including a suppliers guide, career opportunities, a trade name directory and videos.

News | Polymer Prices | Material Databases | Plastics Exchange | Suppliers Guide | Jobs | Trade Names | Videos | Associations & Institutions | Register | Advertising

PIE – Plastics Information Europe | KI – Kunststoff Information | KunststoffWeb | Plastics Material Exchange | Polyglobe | K-Profi
© 2001-2021 by Plasteurope.com, Bad Homburg
Date of print: 27.09.2021 06:55:52   (Ref: 153957570)
Text and images are subject to copyright and other laws for protection of intellectual property.
Any duplication or distribution in any media as a whole or in parts requires prior written approval by Plasteurope. URL: http://www.plasteurope.com/news/detail.asp