3D Printing Materials Market worth $4.5 billion by 2025
iCrowd Newswire
According to the new market research report "
3D Printing Materials Market by Type (Plastic, Metal, Ceramic), Form (Powder, Liquid, Filament), Technology, Application, End-Use Industry (Automotive, Aerospace & Defence, Healthcare, Consumer Goods, Construction), And Region - Global Forecast To 2025", The global 3D Printing Materials Market worth $4.5 billion by 2025, at a CAGR of 23.5% between 2020 and 2025.
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3D Printing Materials Market
Aerospace & defense is the major end-use industry in the 3D printing materials market. North America and Europe are the key markets due to the presence of the aerospace & defense industry and high demand for metal 3D printed metal materials. However, the demand for 3D printing materials is expected to witness sluggish growth in 2020 due to COVID-19 that has enforced lockdown across national and international borders. This has resulted in reduced wind capacity installations and the temporary suspension of operations in the automotive, aerospace, and construction industries.