The Aluminum 3D Printing material market is projected to grow at a high CAGR of 40.29% to reach a market size of US$1.733 billion by 2024 from US$0.227 billion in 2018. The growth of the market is attributed to the growing adoption of aluminum 3D printing material among various end-use industries such as automotive, healthcare, and aerospace among others on account of its lightweight, durability, flexibility and most importantly its exceptional thermal properties. Furthermore, the composition of this material further makes it suitable for molding purpose for functional parts which require stiffness, low weight, high strength, and high accuracy. In addition, the material is also corrosion resistant which further makes it suitable for outdoor applications thus further fueling the adoption of aluminum for 3D printing. Furthermore, the developments in the aerospace and automotive industry and growing innovations in technology and design coupled with the growing penetration of electric vehicles is further anticipated to boost the demand for more lighter and durable instruments which is expected to positively affect the aluminum
3d printing material market in during the next five years.
The Aluminum 3D Printing Material Market – Forecasts from 2019 to 2024 is an exhaustive study presenting the key market trends through various chapters focusing on different aspects of the market. The study provides a detailed market overview through the market dynamics sections which detail key market, drivers, restraints, and opportunities in the current market. The report analyzes key opportunity regional markets, and the current technology penetration through lifecycle analysis. The report also analyzes the market through comprehensive market segmentation by end-user, and geography.
The global aluminum 3D printing material market has been segmented by end-user, and geography. By end-user, the market has been classified into healthcare, automotive, aerospace and defense, and others.
Regional analysis has been provided with detailed analysis and forecast for the period 2018 to 2024. The global market has been broken down into North America, South America, Europe, Middle East and Africa, and Asia Pacific regions. The report also analyzes these regions with thorough analysis and forecast along with prevailing market trends and opportunities which each of these regions present for the manufacturers and the service providers.
Major players in the global Aluminum 3D Printing Material market have been covered along with their relative competitive position and strategies. The report also mentions recent deals and investments of different market players over the last year. The company profiles section details the business overview, financial performance for the past three years, key products and services being offered along with the recent developments of these important players in the global Aluminum 3D Printing Material market.
Aluminum 3D Printing Material Market Scope:
| Report Metric |
Details |
| Market size value in 2018 |
US$0.227 billion |
| Market size value in 2024 |
US$1.733 billion |
| Growth Rate |
CAGR of 40.29% from 2018 to 2024 |
| Base year |
2018 |
| Forecast period |
2019–2024 |
| Forecast Unit (Value) |
USD Billion |
| Segments covered |
End-User, And Geography |
| Regions covered |
North America, South America, Europe, Middle East and Africa, Asia Pacific |
| Companies covered |
3D Systems, Inc., EOS Group, SLM Solutions Group AG, RapidMade, Inc., Renishaw plc, LPW Technology Ltd |
| Customization scope |
Free report customization with purchase |
Segmentation:
• By End-User
o Healthcare
o Automotive
o Aerospace and Defense
o Construction
o Others
• By Geography
o North America
o South America
o Europe
o Middle East and Africa
o Asia Pacific
Frequently Asked Questions (FAQs)
Q1. What will be the aluminum 3D printing material market size by 2024?
A1. The aluminum 3D printing material market is projected to reach a market size of US$1.733 billion by 2024.
Q2. What is the size of global aluminum 3D printing material market?
A2. Aluminum 3D Printing Material market was valued at US$0.227 billion in 2018.
Q3. What are the growth prospects for aluminum 3D printing material market?
A3. The global aluminum 3D printing material market is projected to grow at a high CAGR of 40.29% over the forecast period.
Q4. What factors are anticipated to drive the aluminum 3D printing material market growth?
A4. The growth of the market is attributed to the growing adoption of aluminum 3D printing material among various end-use industries such as automotive, healthcare, and aerospace among others.
Q5. How is the global aluminum 3D printing material market segmented?
A5. The global aluminum 3D printing material market has been segmented by end-user, and geography.