The Global 3D Printing Materials market to grow at a CAGR of 20% to 2018. Vendors in this market are increasingly investing in R&D to provide better functionality and innovative products. These investments have enabled vendors to capture a significant market share and gain a competitive edge over other vendors in the Global 3D Printing Materials market.
Vendors in the market such as 3D Systems Inc., Arcam AB, and Stratasys Ltd. have already invested heavily in R&D for the expansion of their product portfolio. This increased R&D spending by vendors is a trend that is expected to have a positive impact on the growth of the market during the forecast period.
According to the report, many drivers are contributing to the growth of the Global 3D Printing Materials market, the most important of which is the growing demand for these materials from individual customers. This is primarily due to the increasing adoption of 3D printers for personal use, especially by hobbyists. The revenue contribution of individual customers to the Global 3D Printers market is expected to post a year-on-year growth rate of over 90 percent.
Further, the report states that one of the major challenges in the market is the high R&D costs associated with the development of 3D printing materials such as bio-compatible polymers for application in the Healthcare industry. Also, the approval of such products from regulatory authorities such as the FDA increases costs for vendors. … (Read more)