Rapid Liquid Printing Market Size, Share, Opportunities, COVID-19 Impact, And Trends By Offering (Printers, Services, Materials, Software), By Application (Prototyping, Functional/End-Use Part Manufacturing, Tooling), By Industry (Consumer Products, Fashion, Automotive, Healthcare, Aerospace & Defense, Utility, Construction, Others), And By Geography - Forecasts From 2021 To 2026

The rapid liquid printing market is set to expand at a promising growth rate of 36.28% to reach US$607.119 million by 2026 from US$69.542 million in 2019.

Rapid liquid printing can be defined as the next-generation 3D printing technology. It was developed by the Self-Assembly Lab from the Massachusetts Institute of Technology (MIT) in collaboration with Steelcase, a company known for furniture and interior design. Rapid liquid printing makes use of a viscous gel, this gel, when kept in a tank or vat, allows us to draw shapes that are then chemically cured into the solid product we desire. This final product can then be removed from the vat easily. This process enables the building up of a material to be much quicker than any other method. Rapid liquid printing is considered to be the breakthrough that 3D printing needed to be adopted on a mass scale. Though 3D printing provided benefits like customization, personalization, and accessibility, it had a major disadvantage of being slow as compared to other traditional processes like casting, injection molding, milling, etc. Also, 3D printing was found to be working well for manufacturing or producing only small components or small-size products and not products that were large in size. While 3D printing depends on a layer-by-layer extrusion method, rapid liquid printing takes a different turn by using a viscous gel. This gel doesn’t require structural support and can be used to produce shapes and moulds with the help of a precision robot that dispenses the gel in the required shape. This technology can be used in a wide number of industries because of its ability to produce custom-made products that are lighter in weight and easily replaceable as compared to other materials used for the same purposes like metals etc. The automotive industry will be the most benefited industry from using rapid liquid printing technology as all major components of cars and other vehicles can be printed using this technology. Also, the components will be lighter in weight and easily replaceable than components made with metals like aluminum, etc.

While rapid liquid printing offers significant advantages over 3D printing and can be used for a variety of purposes, it requires high capital investment. Since it is an upcoming technology; the hardware such as printers, materials such as foam etc. as well as the design software may be expensive for general use which acts as a restrain to the growth of the rapid liquid printing market.

The global rapid liquid printing market can be segmented on the basis of Offering, Application, Industry, and Geography.

• Based on Offering, the Rapid Liquid Printing Market can be segmented into Materials, Printers, Services, and Software. The Materials were further studied across Foam, Plastic, and Rubber. The Printers were further studied across Desktop Printers and Industrial Printers. The Software was further studied across Design, Inspection, Printing, and Scanning.
• Based on Application, the Rapid Liquid Printing Market can be segmented into Prototyping, Functional/End-Use Part Manufacturing, and Tooling.
• Based on Vertical, the Rapid Liquid Printing Market can be segmented into Consumer Products, Fashion, Automotive, Healthcare, Aerospace & Defence, Utility, Construction, and Others.
• Based on Geography, the Rapid Liquid Printing Market has been segmented into the Americas, South America, Europe Middle East and Africa, and Asia – Pacific.

Growth Factors

• Increase in the demand for custom design and manufacturing

With an increase in demand for custom-made products, a lot of companies have started manufacturing goods on the basis of the need and preferences of the consumers. Thus, rapid liquid technology can be used to produce custom goods that are not “one size fits all” goods, rather are according to specific needs of the consumer and fulfill their individual pain points.

• Rise of electric vehicles

The demand for electric vehicles will drive the growth of the rapid liquid printing market as electric vehicles require lightweight automobile components which can be made possible through the use of this technology. The adoption of 3D printing technologies to decrease the overall manufacturing cost of vehicles and improve interior designs is expected to fuel the market for 3D printing technologies in the automotive vertical.

Restraints

• High Capital Investment Required.

The investment required for using rapid liquid printing to produce or manufacture products is huge. To begin printing, there is a requirement of a printer, material and design software, all of which can be expensive to purchase and maintain therefore acting as a restrain to the growth of the market.

Impact of COVID-19 on the Rapid Liquid Printing Market

Due to the economic downturn caused by the COVID – 19 pandemic, the spending capacity of people was reduced which may have a negative effect on the growth of the rapid liquid printing market. Also due to reduced industrial production, companies reduced their spending on non-essential emerging technologies.

Key Developments

• MIT Lab + Steelcase Yield 3D Printing Breakthrough - MIT’s Self-Assembly Lab, Steelcase, and award-winning product designer Christophe Guberan collaborated to create a new 3D printing process unveiled at Milano Design Week. The technology breaks the three constraints of traditional 3D printing by using a rapid liquid printing technique enhancing speed, scale, and quality. The partnership between MIT, Steelcase, and Guberan explores the future of furniture personalization and the opportunities for customization through innovation.
• Liquid Printed Pneumatics: BMW & MIT reimagine car interiors with adaptable 3D printed inflatables - The innovative project, called “Liquid Printed Pneumatics,” was carried out in collaboration with the BMW Design Department and is currently being displayed as part of The Future Starts Here exhibition at the Victoria and Albert Museum (V&A) in London, which is highlighting groundbreaking and future-minded designs.
• Native Shoes presents its 3D printed liquid rubber shoes - The Canadian shoe manufacturer Native Shoes has announced a new collaboration with the Self-Assembly Lab at MIT to design 3D printed shoes, using liquid rubber. The project, called Liquid Printed Natives, aims to use futuristic manufacturing methods to create everyday products, in this case, different types of shoes, from sneakers to ballerinas. These shoes are produced in a gel container thanks to Self Assembly Lab’s Rapid Liquid Printing technique. The result is highly original and entirely personalized shoes.

Competitive Insights

Prominent/major key market players in the global rapid liquid printing market include 3D Systems, Inc., Autodesk, Inc., BMW AG, Dassault Systèmes, and EOS among others. The players in the global rapid liquid printing market are implementing various growth strategies to gain a competitive advantage over their competitors in this market. Major market players in the market have been covered along with their relative competitive strategies and the report also mentions recent deals and investments of different market players over the last few years. The company profiles section details the business overview, financial performance (public companies) for the past few years, key products and services being offered along with the recent deals and investments of these important players in the global rapid liquid printing market.

Rapid Liquid Printing Market Scope:

Segmentation:

• By Offering
  • Printers
  • Services
  • Materials
  • Software
• By Application
  • Prototyping
  • Functional/End-Use Part Manufacturing
  • Tooling
• By Industry
  • Consumer Products
  • Fashion
  • Automotive
  • Healthcare
  • Aerospace & Defense
  • Utility
  • Construction
  • Others
• By Geography
  • Americas
    • USA
    • Canada
    • Others
  • Europe Middle East and Africa
    • Germany
    • United Kingdom
    • France
    • Others
  • Asia Pacific
    • China
    • Japan
    • South Korea
    • Others

Frequently Asked Questions (FAQs)

Q1. What will be the rapid liquid printing market size by 2026?
A1. The rapid liquid printing market is projected to reach a market size of US$607.119 million in 2026.

Q2. What is the size of global rapid liquid printing market?
A2. Rapid Liquid Printing Market was valued at US$69.542 million in 2019.

Q3. What are the growth prospects for the rapid liquid printing market?
A3. The global rapid liquid printing market is projected to grow at a CAGR of 36.28% over the forecast period.

Q4. What factors are anticipated to drive the rapid liquid printing market growth?
A4. The demand for electric vehicles will drive the growth of the rapid liquid printing market as electric vehicles require lightweight automobile components which can be made possible through the use of this technology.

Q5. Who are the major players in the rapid liquid printing market?
A5. Prominent/major key market players in the global rapid liquid printing market include 3D Systems, Inc., Autodesk, Inc., BMW AG, Dassault Systèmes, and EOS among others.