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With the prevalence of 3D printing technology, the demand for 3D printing materials has increased. Earlier this month, Alfa Chemistry Materials, a professional supplier of various materials and chemicals, announced it would provide wide choices of 3D printing materials for customers worldwide.
The materials used for 3D printing are diverse, with glass materials, fiber materials, durable nylon materials, gypsum materials, aluminum materials, titanium alloys, stainless steel, silver plating, gold plating and rubber materials to be the most commonly seen ones. Each type has its own unique features, strengths and weaknesses. The final choice is made based on specific needs on different occasions. For further information see the IDTechEx report on 3D Printed Materials Market 2020-2030: COVID Edition.
Adobe Stock IDTechEx research shows the growth in 3D printing materials will reach nearly $20 billion by the end of the decade.
The market for 3D printing materials has been affected by the COVID-19 pandemic, yet plenty of market drivers point to a strong future, according to research from IDTechEx. In the report, 3D Printed Materials Market 2020-2030 - COVID Edition, the company forecasts that the global market for 3D printing materials will be worth $18.4 billion by 2030.
IDTechEx
In the IDTechEX graph, each horizontal line is $2 billion, with the market for 3D printing materials reaching $18.4 billion by 2030.
The last decade has seen an explosion in 3D printing among both hobbyists and professional users. 3D printing for prototypes is a long-standing practice. What’s new is the increasing ability to manufacture goods. Even small companies with just a CAD package and a 3D printer can become a manufacturer. Early in the pandemic, small local compani
Materials Informatics Can Revolutionize the 3D Printing Market, Reveals IDTechEx
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BOSTON, April 20, 2021 /PRNewswire/ The 3D printing market is diverse; certain materials and applications are seeing significant commercial growth while others are still overcoming technical and economic barriers to adoption. The next decade will undoubtedly see many changes with plenty of revenue to be generated. One thing that will be central to all of this will be the materials; an expanded and adaptable portfolio will be essential to any success. Materials informatics is an exciting new field involving data-centric approaches to materials R&D; this is impacting numerous sectors, including that of 3D printing. It is already proving to be a natural collaboration between these two emerging technologies.
Researchers at the University of Louisville (UofL) Conn Center for Renewable Energy Research and Department of Mechanical Engineering are working to transform soy hulls left over from soybean processing into valuable food and industrial products. The United Soybean Board has awarded $350,000 to UofL to further develop methods for using soy hulls in modified fiber composites for 3D printing applications and produce the sugar substitute xylose as a value-added product.
This project will pilot a commercially viable process using previous research to convert soybean hull biomass into a low-calorie, diabetic-friendly sugar substitute while simultaneously extracting micro and nanoscale fibers to be used for lightweight fiber composites and thermoplastic packaging products via 3D printing. For further information see the IDTechEx report on 3D Printed Materials Market 2020-2030: COVID Edition.
Up 16% in Past Month, the PRNT ETF Is Almost PRNTing Money
Somewhat quietly, the
3D Printing ETF (CBOE: PRNT) is continuing its 2020 with a 16.50% gain over the past month that’s elevated the exchange traded fund’s year-to-date gain to north of 40%.
Passively managed PRNT offers leverage to its namesake as its benchmark “is composed of equity securities and depositary receipts of exchange-listed companies from the U.S., non-U.S. developed markets and Taiwan that are engaged in 3D printing-related businesses within the following business lines: (i) 3D printing hardware, (ii) computer-aided design (“CAD”) and 3D printing simulation software, (iii) 3D printing centers, (iv) scanning and measurement, and (v) 3D printing materials,” according to Ark.