The Binder Jetting 3D Printing Technology market is projected to grow at a CAGR of 27.69%, to reach a market size of US$1,300.208 million by 2024, from US$299.906 million in 2018. Binder Jetting technology utilizes a liquid based binder material and a powder building material for the 3D additive process. The technology does not incorporate the use of heat in the manufacturing process and is thus widely adopted, and is further projected to gain popularity over the forecast period. Furthermore, the technology has multiple applications across various industries such as construction, and healthcare. The growing adoption of 3D printing across multiple industry verticals is also projected to boost the demand for this technology in the coming years.
The Binder Jetting 3D Printing Technology Market – Forecasts from 2019 t2024 is an exhaustive study that presents 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 alsanalyzes the market through comprehensive market segmentation by component, end-user, and geography.
The global binder jetting 3D printing technology market has been segmented by component, end-user, and geography. Based on component the market has been segmented inthardware, software, services, material. By end-user, the market has been classified inthealthcare, automotive, aerospace and defense, and others.
On the basis of component, the hardware segment is projected to hold a substantial share in the market on account of the high costs associated with the printer and its parts. Additionally, materials are projected to see a rapid increase in demand over the coming years. Geographically, North America and Europe are estimated to hold a substantial share of the market owing to the early adoption of technology combined with the availability of multiple key market players in these regions. Asia Pacific is projected to show multiple growth opportunities during the forecast period on account of innovations in the manufacturing industry in developing economies such as India and China.
Regional analysis has been provided with detailed analysis and forecast for the period 2018 t2024. The global market has been broken down intNorth America, South America, Europe, Middle East and Africa, and Asia Pacific regions. The report alsanalyzes 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 binder jetting 3D printing technology market have been covered along with their relative competitive position and strategies. The report alsmentions 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 binder jetting 3D printing technology market.
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