Rapid Prototyping Materials Market: Introduction

  • Prototyping companies use a variety of materials, such as acrylic, acrylonitrile butadiene styrene (ABS), polyphenylsulfone, nylon, polycarbonate, which offer performance functionality, strength, and durability depending on customer requirement for finished products or components 
  • In metal casting, 3D prototypes can be constructed from a special prototyping wax. Various methods of prototype casting are used with these patterns. Vacuum plaster and low-temperature furnace methods are commonly paired with prototyping wax patterns in the prototype metal field.

Key Drivers of Global Rapid Prototyping Materials Market

  • Increase in demand of rapid prototyping materials from various end-use industries is expected to drive the rapid prototyping materials market during the forecast period
  • Recent technological advancements, such as implementation of the 3D printing technology in prototyping and manufacturing applications for rapid prototyping has contributed significantly in market expansion. Moreover, major players operating in the global market are focusing on producing cost-effective prototyping materials for niche applications, where performance testing of prototype is not required.
  • The aerospace & defense industry offers high opportunity to key players operating in the rapid prototyping materials market. The market is characterized by technological advancements and invention of new materials in the field of rapid prototyping.

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Aerospace & Defense and Healthcare Segments to Offer Lucrative Opportunities

  • Healthcare and aerospace & defense are two profitable end-use industries, which demand stringent product composition and dimensions. These industries use the 3D printing technology for prototyping applications.
  • Technological advancements and invention of new rapid prototyping materials have enhanced product demand in the aerospace & defense industry. Critical parts used in aerospace & defense are designed and developed using the 3D printing technology, and tested before they can be used commercially. This factor is driving the demand of rapid prototyping materials in the aerospace & defense sector.
  • Metal rapid prototyping is used in several medical products, such as prosthetics & implants, surgical equipment, and tissue engineering products, thereby boosting the use of rapid prototyping materials in the healthcare sector.

High Cost of Prototyping Materials to Hamper Market

  • Major factors restraining the expansion of the rapid prototyping materials market include high material costs, synchronization between prototyping and production materials, and low acceptance rate of rapid prototyping in emerging economies
  • High R&D investments by key players operating in the market are expected to drive the rapid prototyping materials market

Asia Pacific to Hold Significant Share of Global Rapid Prototyping Materials Market

  • In terms of region, the global rapid prototyping materials market can be divided into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa
  • North America dominated the rapid prototyping materials market during the forecast period, owing to increasing use of rapid prototyping materials in various applications
  • The rapid prototyping materials market in Asia Pacific is projected to expand at a significant rate during the forecast period, in terms of consumption. This growth can be attributed to increase in investments and production activities in automotive and consumer goods & electronics sectors in countries such as China, India, Japan, and Australia.
  • Growth of transportation and aerospace & defense sectors in Europe is expected to fuel the demand for rapid prototyping materials in the region during the forecast period. The presence of well-established automotive sector in Europe is anticipated to boost the demand for rapid prototyping materials in Germany, France, and the U.K. during the forecast period.

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Key Players Operating in Global Rapid Prototyping Materials Market

The global rapid prototyping materials market is consolidated, with presence of large-sized international players. However, presence of small- and medium-sized domestic players makes the market highly competitive. Key players operating in the global rapid prototyping materials market are:

  • 3D Systems Corporation
  • LPW Technology Ltd.
  • EOS GmbH Electro Optical Systems
  • Carpenter Technology Corporation
  • Renishaw Plc
  • Arcam AB
  • Stratasys Ltd.
  • Oxford Performance Materials
  • Royal DSM N.V.
  • Arkema S.A.

Global Rapid Prototyping Materials Market: Research Scope

Global Rapid Prototyping Materials Market, by Type

  • Polymers
  • Metals
  • Ceramics
  • Others

Global Rapid Prototyping Materials Market, by Form

  • Filament
  • Ink
  • Powder
  • Others

Global Rapid Prototyping Materials Market, by End-use Industry

  • Aerospace & Defense
  • Healthcare
  • Transportation
  • Consumer Goods & Electronics
  • Manufacturing
  • Building & Construction
  • Others

Global Rapid Prototyping Materials Market, by Region

  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • France
    • U.K.
    • Italy
    • Spain
    • Russia & CIS
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • ASEAN
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC
    • South Africa
    • Rest of Middle East & Africa

This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.

Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:

  • Customer Experience Maps
  • Insights and Tools based on data-driven research
  • Actionable Results to meet all the business priorities
  • Strategic Frameworks to boost the growth journey

The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.

The following regional segments are covered comprehensively:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.

Below is a snapshot of these quadrants.

1. Customer Experience Map

The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.

2. Insights and Tools

The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.

3. Actionable Results

The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.

4. Strategic Frameworks

The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.

The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:

1. What can be the best investment choices for venturing into new product and service lines?

2. What value propositions should businesses aim at while making new research and development funding?

3. Which regulations will be most helpful for stakeholders to boost their supply chain network?

4. Which regions might see the demand maturing in certain segments in near future?

5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?

6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?

7. Which government regulations might challenge the status of key regional markets?

8. How will the emerging political and economic scenario affect opportunities in key growth areas?

9. What are some of the value-grab opportunities in various segments?

10. What will be the barrier to entry for new players in the market?

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

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