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3D Printing Expansion Unveils Growth Opportunities for Superior Materials Finds Frost & Sullivan - Frost & Sullivan finds material suppliers must move from a product-based approach to an end-industry based approach - Frost.com
3D Printing Expansion Unveils Growth Opportunities for Superior Materials Finds Frost & Sullivan

 

NewswireToday - /newswire/ - Mountain View, CA, United States, 2016/03/31 - Frost & Sullivan finds material suppliers must move from a product-based approach to an end-industry based approach - Frost.com.

   
 
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As 3D printing, or additive manufacturing (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 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-fiber 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 customization.

Recent analysis from Frost & Sullivan, Emergence of 3D Printing Materials, finds that the additive manufacturing formulations market earned revenues of $428.1 billion in 2014 and estimates this to reach $920.4 billion in 2020.

AM has taken off in North America and Europe, as they are the hubs of key industries such as aerospace, medical/dental and electronics that have embraced the 3D printing revolution. Similarly, China and South Korea are expected to become 3D printing hotspots for materials and equipment manufacturing. In response, global chemical companies need to formulate a viable, long-term strategy that involves establishing manufacturing facilities in Asia as well.

“While opportunities are expanding, the chemicals market is held back to some extent because most chemical manufacturers supplying raw materials and formulations do not have a dedicated supply strategy in place for the 3D printing market,” said Frost & Sullivan’s Visionary Science Industry Manager Deepak Karthikeyan. “This can be attributed to the low volumes in the market and the relatively huge investments the suppliers need to make.”

Furthermore, 3D printing material suppliers, notably those that provide formulation services, observed that even though the current volumes are low, there is high demand for technical support from system manufacturers and users. This, in turn, compels suppliers to place a heavy price tag on their materials. To mitigate the price and raw material challenges, solution suppliers have to scout for possible acquisition opportunities based on the product portfolio and market expertise.

Increasing adoption of fused filament fabrication and laser sintering technologies in the industrial and the consumer space are driving the demand for plastic filaments and powders respectively. Simultaneously, even though the market for metal powders is small, they are finding uptake in industries such as aerospace, automotive and medical, which are increasingly using direct metal laser sintering (DMLS) and electron beams.

“With concepts such as smart factories and digital manufacturing picking up pace 3D printing is expected to gain further traction across various end-user industries pushing the envelope for higher performance materials,” noted Karthikeyan. “Solution suppliers that provide a holistic solution to end users will dominate the market due to their proximity to the end user and comprehensive understanding of market challenges.”

Emergence of 3D Printing Materials is part of the Chemicals & Materials Growth Partnership Service program. Frost & Sullivan’s related studies include: Technologies Enabling Indoor Air Purification, Global Pigments Market, Construction and Infrastructure Mega Trends in Africa, 360 Degree Analysis of Plastic Compounding Market, and Desalination Technologies Market in Sub-Saharan Africa. All studies included in subscriptions provide detailed market opportunities and industry trends evaluated following extensive interviews with market participants.

About Frost & Sullivan
Frost & Sullivan (frost.com), the Growth Partnership Company, works in collaboration with clients to leverage visionary innovation that addresses the global challenges and related growth opportunities that will make or break today's market participants.

Our “Growth Partnership” supports clients by addressing these opportunities and incorporating two key elements driving visionary innovation: The Integrated Value Proposition and The Partnership Infrastructure.

The Integrated Value Proposition provides support to our clients throughout all phases of their journey to visionary innovation including: research, analysis, strategy, vision, innovation and implementation.

The Partnership Infrastructure is entirely unique as it constructs the foundation upon which visionary innovation becomes possible. This includes our 360 degree research, comprehensive industry coverage, career best practices as well as our global footprint of more than 40 offices.

For more than 50 years, we have been developing growth strategies for the global 1000, emerging businesses, the public sector and the investment community. Is your organization prepared for the next profound wave of industry convergence, disruptive technologies, increasing competitive intensity, Mega Trends, breakthrough best practices, changing customer dynamics and emerging economies?

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Emergence of 3D Printing Materials / NF19-39

 
 
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3D Printing Expansion Unveils Growth Opportunities for Superior Materials Finds Frost & Sullivan

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Frost & Sullivan | 3D Printing Materials
Publisher Contact: Jaylon Brinkley - Frost.com 
210-247-2481 jaylon.brinkley[.]frost.com
 
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