• Stacy Lawlor

Global 3D Printing Photopolymer Market Size to grow $846.13 Mn in 2028

The Global 3D Printing Photopolymer Market Size was valued at USD 224.4 Mn in 2021. The market is projected to grow USD 846.13 Mn in 2028, at a CAGR of 18.6 %. In 3D printing,

3D Printing Photopolymer Market

The Global 3D Printing Photopolymer Market was valued at USD 224.4 Mn in 2021. The market is projected to grow USD 846.13 Mn in 2028, at a CAGR of 18.6 %. In 3D printing, photopolymers are the most often utilized materials under the category of polymers. These materials are less expensive than metals and are far more reliable, which is one of the reasons for their growing appeal. Developers are continuing to investigate photopolymer chemistries and capabilities as 3D printing improves, in order to provide materials that compete with older methods. Digital light processing, stereolithography, polyjet are few methods used in 3D printing utilize photopolymers.


3D Printing Photopolymer Market

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COVID-19 ANALYSIS


The Covid-19 epidemic impacted on the market’s distribution, supply chain & logistics, and aerospace & defense. The outbreak of Covid-19 has forced governments around the world to deploy severe rules such as lockdown, temporary shutdown, social distancing, caused disruption in production of raw materials and in turn increased costing of raw materials. Shipments of raw materials, as well as revenue produced have fallen. As a result, the market's growth trajectory in the first half of 2020 is expected to slow. This trend is likely to end in the second half of the year, as demand is expected to rise as people become more concerned about smart automation, energy efficiency, and resource efficiency.


End-user industries such as automotive, medical, electronics, aerospace, and defense are likely to drive growth in the market. Due to technological advancements in the automobile industry, 3D printing photopolymer is in high demand. Photopolymer 3D printing has made it possible to design creative, stronger, lighter, and safer products and parts at reduced costs. OEMs largely employed 3D printing for quick prototyping.


3D Printing Photopolymer Market

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The digital light processing segment has dominated the market share of the global 3D printing photopolymer market in 2020 owing to the numerous benefits associated including intricate designs, fast and less incurred costs. The ultraviolet held the largest market share in 2020 of the global 3D printing photopolymer market attributing to the gaining traction in a variety of industries, including oil and gas, aerospace & defense, automotive and many more. The healthcare segment is dominated the market share in 2020 owing to the growing demand for medical usage and increased product demand for medical applications. North America region is dominating the market share of global 3D printing photopolymer market owing to the growing applications of IoT and technological advancements. Presence of major players, as well as the Industry 4.0 initiative to boost industrial productivity. However, Asia Pacific region is anticipated to grow over the forecasted years owing to the increasing demand of 3D printing photopolymers across the different verticals


KEY INDUSTRY DEVELOPMENTS:


May 2021- Evonik has launched two photopolymer products INFINAM TI 3100 L and INFINAM ST 6100 L for industrial 3D printing applications designed for both SL and DLP technologies.


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https://extrapolate.com/sample/Healthcare-Medical-Devices-Biotechnology/3d-printing-market/25612


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