3D Printing Materials Market Worth $3.8 Billion By 2025

The global 3D printing materials market size is expected to reach USD 3.8 billion by 2025, growing at a CAGR of 23.9%, according to a new report by Grand View Research, Inc. Extensive R&D and technological advancements in 3D printing technologies is expected to fuel the market growth over the forecast period.

Expansion of various industries including automotive, aerospace and defense, medical, and others across the globe is projected to benefit the market growth. In addition, rising demand for 3D printing materials such as photopolymers, metals, thermoplastics, and ceramics owing to its superior strength and durability is estimated to drive the industry growth.

The demand for low cost mass manufacturing to reduce lead time and to enhance the quality and efficiency of the resultant product has emerged as the primary reason for growing popularity of the technology across all industries. In addition, factors such as low component weight and the ability to print cheaper equipment on demand and in less time is expected to drive the market.

3D printing materials are expected to witness strong growth owing to the widespread applications including consumer, aerospace and defense, healthcare, and industrial. Growing number of efforts and investments in the Asia-Pacific market owing to the presence of developing economies such as China, India, and Indonesia is expected to create a favorable scenario for the market growth.

Click the link below:
https://www.grandviewresearch.com/industry-analysis/3d-printing-materials-market

Further key findings from the report suggest:

The photopolymer segment accounted for the largest market share of 38.1% in terms of revenue in 2018, as it provides high resolution and can be used to print most complex models
The aerospace and defense application segment is anticipated to witness a CAGR of 25.3% from 2019 to 2025 owing to factors such as enhanced manufacturing process and reduced lead time as compared the traditional process
The Asia Pacific market is estimated to exhibit a CAGR of 28.6% from 2019 to 2025 on account of rapid expansion of industries including automotive and consumer products coupled with increased spending power
China is anticipated to witness a CAGR of 25.8% from 2019 to 2025 owing to the expansion of the industrial sector coupled with rapid adoption of 3D printing technology
3D printing materials Market participants across the globe have increased their R&D spending in order to develop highly efficient products for various applications.

Elastomers Market Size Worth $109.2 Billion By 2025

The global elastomers market size is expected to reach USD 109.2 billion by 2025 expanding at a CAGR of 4.8%, according to a new study by Grand View Research, Inc. The market is anticipated to be driven by rising demand from several application areas including automotive, medical, consumer goods, industrial, and others. Moreover, the development of biodegradable grades of elastomers is anticipated to create lucrative growth opportunities for the market. Automotive application segment is expected to lead the market during the forecast period. Rising adoption for hybrid and Electric Vehicles (EVs) is influencing the product demand in this application. High-performance elastomers are used in EVs for better fuel-efficiency and reduced carbon emissions.

A number of manufacturers are engaged in substituting steel to compete in terms of operating range with internal combustion vehicles. In addition, various battery charging stations are installed to improve the operating range of EVs. Rising scale of automotive manufacturing coupled with increasing use of modified plastics is expected to act as a key driver for the market over the forecast period. Booming manufacturing sectors in China and India, particularly in automotive and electronics industries, will drive the APAC regional market. Thermoplastic Elastomers (TPEs) are fully recyclable and capable of reprocessing, which is expected to boost development in the electrical and electronics segments in packaging and wire and cable fields.

They are also highly UV- and ozone-resistant, which increases their scope for outdoor wiring applications. Major types of TPEs include Styrene Block Copolymer (SBC), Thermoplastic Polyurethanes (TPU), Thermoplastic Polyolefins (TPO), Thermoplastic Vulcanizates (TPV), Copolymer Esters (COPE) and other TPEs. Development of innovative TPEs is projected to boost product scope in undiscovered applications and help increase the market share. Emphasis on waste reduction is anticipated to foster the replacement of conventional raw materials with recyclable and sustainable TPEs, which is also likely to boost segment growth.

Click the link below:
https://www.grandviewresearch.com/industry-analysis/elastomers-market

Further key findings from the study suggest:

Asia Pacific led the global elastomers market and is also anticipated to witness the fastest CAGR of 6.1% during the forecast period from 2018 to 2025
China is the fastest-growing country in the global market due to huge growth potential as it is characterized by high demand, as well as production, of elastomers; mainly TPEs
The growth of the elastomers market in China is majorly supplemented by high demand from the footwear industry
Extensive R&D activities in the field of developing eco-friendly grades have led to the creation of several improved product grades, which is expected to help boost the market
Recently, PolyOne Corp. announced to initiate TPE production at its production facility in Pune, India, which will allow the company to cater to the domestic consumer needs

Composites Market Size Worth $160.54 Billion By 2027

The global composites market size is expected to reach USD 160.54 billion by 2027, according to a new report by Grand View Research, Inc., expanding at a CAGR of 7.6% over the forecast period. The growth of this market can be attributed to the increasing demand for lightweight materials in various industries such as wind energy, automotive & transportation, and aerospace and defense.

Rapid industrialization in the emerging economies of Asia Pacific and ascending demand for wind energy are factors expected to boost the market growth. High product demand from the automotive industry is also projected to drive market expansion. Increasing fuel prices have prompted the want for fuel-efficient vehicles. This factor is projected to positively influence growth.

Ascending demand for customized components in automotive, aircraft, and sports industries have urged the market participants to integrate their portfolio with downstream production technologies. SGL Group formed a joint venture with Kumpers GmbH & Co. KG for utilizing advanced automated processing technologies to develop braided carbon fiber.

The market is moving toward fragmentation on account of the presence of a large number of global and regional players. Major players have a strong distribution network and product brands in the global market. The ongoing R&D activities present some growth and expansion opportunities to market players.

Click the link below:
https://www.grandviewresearch.com/industry-analysis/composites-market

Further key findings from the report suggest:

In terms of revenue, carbon fiber segment is anticipated to advance at the fastest CAGR of 9.2% over the forecast period owing to their increasing adoption of carbon fiber composites in marine and wind energy applications
The thermosetting segment dominated the market and accounted for 72% of the total demand in 2019 owing to ascending demand for composite materials in transportation and aerospace & defense applications
The demand for composites in automotive and transportation segment accounted for a revenue share of 21.1% of the overall market in 2019 owing to increasing demand for a lightweight and durable material
Asia Pacific was the largest regional composites market in 2019, accounting for a revenue share of 44.7% on account of significant growth of end-use sectors including automotive, construction, aerospace, and electrical and electronics in the region
Companies such as Toray Industries, Owens Corning, and Teijin Ltd. are integrated across the value chain of composites in production and distribution activities and have also diversified their product offerings

Matting Agents Market Size To Reach USD 1.05 Billion By 2025

Glossy effect is a thing of the past. Gone are the days when people used to like things that are shiny. Matting agents are benefitting from this scenario. These additives provide excellent sheen and gloss control without affecting the mechanical and optical properties of the coating.

Matting agents diffuse the incident light on the surface thus causing a reduction in glossiness. This decrease, results in an impression of a matt surface. The intensity of the additive is determined by the diffuse reflection properties of the surface. The quantity, type and alignment significantly influence this intensity.

Silica Based – The Market Leader

Silica-based products are used in a wide variety of coating applications. Precipitated silica, pyrogenic silica, and silica gels find usage in various industry applications. The matting properties of silica are mainly determined by three parameters namely, pore volume, particle size, and surface treatment.

Another type is wax which is used to impart properties such as slip and anti-blocking to the coating. Mineral fillers have a niche market and are used in particular application needs. Metal coatings especially coil coatings employ the usage of thermoplastic powders. The increased applications of all the matting agents are expected to fuel market growth over the forecast period.

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https://www.grandviewresearch.com/industry-analysis/matting-agents-market

Diverse Needs – Diverse Matting Agents

From plastics to paper, printing inks to metals, they are used everywhere. Architectural, wood, leather and so on, it finds broad applications. All these applications have diverse needs. Companies have been successful in developing offerings to cater to the different requirements.

Recently, matting agents that are used with specific formulations have been developed. UV, powder, solventborne and waterborne formulations have different characteristics. There are additives available in the market which caters to these different tendencies. The same product which can be used in almost all the formulations has also been developed.

Product Portfolio – Priority for Industry Participants

Standard matting agents had limitations regarding achieving desired surface properties. Companies have developed products which overcome this limitation and provide proper matt effect, enhanced surface texture, and excellent strength. Companies are trying to add novel products to their portfolio which serve diverse application needs.

Strong demand from Asia Pacific is contributing to an increased market size. This demand trend is expected to continue over the forecast period. Major industry participants are participating in trade fairs, exhibitions and expose to showcase their products in developing countries such as India. Production from both continuous as well as batch processes is employed by manufacturers depending upon the type to be manufactured.