Additive manufacturing formulations market to reach $920.4 bn in 2020

By admin May 12, 2016 3:03 pm IST

The additive manufacturing (AM) formulations market earned revenues of $428.1 billion in 2014 and is likely to reach $920.4 billion in 2020, estimates a recent analysis from Frost & Sullivan, Emergence of 3D Printing Materials.
  “As 3D printing, or AM, moves from prototyping to end-part manufacturing, the companies supplying printing materials will be looking to develop products that are application-based rather than adopt a one-material-fits all strategy,” the study reveals.
It observes that the suppliers are keenly aware that better performing materials are required to accommodate customer specifications and help 3D printing achieve its potential in the direct manufacturing of finished parts.
System suppliers and chemical companies have already introduced superior materials such as polyetherimide (PEI), polyaryletherketone (PAEKs), carbon-fibre reinforced grades and a wide range of performance metal powders. Product innovation and differentiation will go a long way in enhancing the use of 3D printing for functional part manufacturing or mass customisation.

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