3D Printing Elastomers Market report contains detailed information on factors influencing demand, growth, opportunities, challenges, and restraints. It provides detailed information about the structure and prospects for global and regional industries. In addition, the report includes data on research & development, new product launches, product responses from the global and local markets by leading players. The structured analysis offers a graphical representation and a diagrammatic breakdown of the 3D Printing Elastomers Market by region.
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The global 3D printing elastomers market size was US$ 151 million in 2021. The global 3D printing elastomers market is forecast to grow to US$ 1389 million by 2030, registering a compound annual growth rate (CAGR) of 22.5% during the forecast period from 2022 to 2030.
Elastomers are polymers that possess viscosity and elasticity. Some of the prominent elastomers are natural rubber, polyurethanes, polybutadiene, silicone, and neoprene. Moreover, elastomers are segmented into saturated elastomers and unsaturated elastomers. 3D printing elastomers allow consumers to test the modules and check the shape of the product.
Factors Influencing the Market
The applications of 3D printing elastomers across various verticals, such as automotive, consumer, and medical industries, are fueling the growth of the overall market. In addition, 3D printing technology is being deployed to create prosthetics, tissues, and medical implants. They have the capacity to make difficult designs easier for product designers. They also help engineers develop cheaper, faster, and more effective complex designs. Thus, all of these factors are expected to contribute to the growth of the global 3D printing elastomers market.
The low operating cost of the products is forecast to benefit the global 3D printing elastomers market. In addition, a growing consumer base is one of the significant factors contributing to market growth. Advantages of the 3D printing elastomers, such as high-speed production, low operating costs, and others, are forecast to surge the demand for 3D printing items, thereby propelling the market growth.
The high cost of the materials may hamper the market growth during the forecast period.
Governments of various emerging countries are focusing on expanding the expenditure of the healthcare segment. In addition, they are also introducing favorable policies in order to boost the growth of the automotive segment. All of these segments are forecast to surge the growth of the global automotive 3D printing elastomers market during the forecast period.
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Regional Analysis
North America is forecast to hold the highest market share in the global 3D printing elastomers market during the forecast period. The growth of the regional 3D printing elastomers market is attributed to the presence of prominent 3D printing elastomers manufacturers, such as 3D Printing Systems Inc. and Carbon Inc., which will contribute to the market growth. In addition, high healthcare expenditure and the growing automotive industry are forecast to benefit the regional market during the study period.
COVID-19 Impact Analysis
The healthcare segment has been advantageous for the global 3D printing elastomers market during the COVID-19 pandemic. Many countries reached significant hikes in terms of the COVID-19 patients, which fueled the demand for efficient face masks, shields, and nasal swabs. All of this has significantly contributed to the growth of the global 3D printing elastomers market during the COVID-19 pandemic.
Competitors in the Market
3D Systems Corporation
EOS GmbH
Electro-Optical Systems
Concept-LaserGmbH
ExOne Co.
Arcam AB
SLM Solutions Group AG
Hewlett Packard Inc.
Materialize NV
Other Prominent Players
Market Segmentation
Based on the Form
Powder
Filament
Liquid
Based on Material
TPE (Thermoplastic elastomer)
TPU (Thermoplastic polyurethane)
TPV (Thermoplastic vulcanizate)
SBR (Styrene-butadiene rubber) & SBS (Styrene-butadiene-styrene)
Others (EPDM, silicone, and thermoplastic copolyester)
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Based on End-use
Automotive
Consumer goods
Medical & dental
Aerospace & defense
Others (Industrial and electrical)
Based on Technology
FDM/FFF
SLA
SLS
DLP
Others
Based on Region
North America
The U.S.
Canada
Mexico
Europe
Western Europe
The UK
Germany
France
Italy
Spain
Rest of Western Europe
Eastern Europe
Poland
Russia
Rest of Eastern Europe
Asia Pacific
China
India
Japan
Australia & New Zealand
ASEAN
Rest of Asia Pacific
Middle East & Africa (MEA)
UAE
Saudi Arabia
South Africa
Rest of MEA
South America
Brazil
Argentina
Rest of South America
What is the goal of the report?
•The market report presents the estimated size of the ICT market at the end of the forecast period. The report also examines historical and current market sizes.
•During the forecast period, the report analyzes the growth rate, market size, and market valuation.
•The report presents current trends in the industry and the future potential of the North America, Asia Pacific, Europe, Latin America, and the Middle East and Africa markets.
•The report offers a comprehensive view of the market based on geographic scope, market segmentation, and key player financial performance.
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