3D printing is a technique which is involved in making of objects related to different end-user industries with the help of materials like plastics or metals. Firstly, the design is made of software, and the mold is prepared accordingly, which is then turned into a complete 3D object. This method is well known for making complex 3D objects in the markets of APAC. As there is progress in the industries like construction and health care in countries of China and India, these markets have inclined growth in the forecast period of 2018-2024 in dealing with 3D printing.
APAC 3D Printing Market Size & Growth:
APAC 3D printing market is valued at $26.45 billion in 2018 and estimated to reach a value of $33.50 billion in 2024 at CAGR of 26.53%. Key points like reduction in human error and use of multiple materials for printing, customisation of products with reducing cost and time and government investment in 3D products are accelerating this market and the factors like limited availability and the high cost of materials, lack of skilled labor and size of outputs generated are hampering the market growth.
APAC 3D Printing Market Share:
APAC 3D Printing market is classified
by type of material, by technology, by use, by the process, by application, by vertical and by geography. By the type of material, they are segmented as polymers, metal and alloys, ceramics and others. Among these plastics and metal hold the largest share as they have an increasing demand for biomaterials and specialized materials. By technology, they are segmented as Fused deposition modeling (FDM), Selective laser sintering (SLS), Selective laser melting (SLM), Laminated object manufacturing (LOM), Electronic beam melting (EBM) and Stereolithography (SLA) and others. By use, they are segmented as commercial purpose, industrial purpose, and others. By process, these are segmented as Binder Jetting, Direct Energy Deposition, Material Extrusion, Material Jetting, Powder Bed Fusion, Sheet Lamination and Vat Photopolymerization. By application, they are segmented as Functional part manufacturing, Tooling, and Prototyping. By vertical these are segmented as Automotive, Aerospace and Defense, Healthcare, Architecture and Construction, Consumer Products, Education, Engineering, Energy, Printed Electronics, Jewelry, Food and Culinary and Others
. Aerospace and defense vertical lead the markets as these have got strong demand and government support as well
. By geography, they are segmented as China, Japan, India, Australia, and Others.
APAC 3D Printing Market Trends:
- Boost tube replacement through
3D printing is done, as this takes all the engine pressures with no air leaks as to protect against heat in the vehicles.
With the help of 3D printing, “In air microfluidics” is a successful method of printing 3D structure with living cells. This is a special technique that enables the fast and in-flight production of micro building blocks that are viable and help in repairing the damaged tissues.
APAC 3D Printing Market Research Reports Includes:
- An executive summary condensing the whole report such that essential authority can rapidly twist up doubtlessly acquainted with brief overview and conclusion.
- To have complete market analysis through industry value chain analysis, Porter’s five, PESTLE, SWOTanalysis, and Y-o-Y analysis.
- Regional and global diversity is analysed with the major countries and the unions. Scrutinizing the revenue generation on Year–On–Year
- Identifying DROCin the current market and their impact in altering the market dynamics.
- Competitive landscape analysis to identify the merger and acquisition which will have a comparative financial analysis with major competitors.
- Expertise investment opportunities by an analyst to the individual and organisation to have a better foothold in the market.
- Identify the latest developments, market shares and strategies that are employed by the major market players, such as
- Stratasys Ltd.
- Materialise NV
- Koninklijke DSM N.V.
- The Exone Company
- 3D Systems Corporation
