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Rapid Prototyping Materials Market size was valued at USD 700 million in 2019 and is poised to grow from USD 749 million in 2023 to USD 1131 million by 2031, growing at a CAGR of 7% in the forecast period (2024-2031).

Major companies are concentrating on introducing next-generation thermoplastics appropriate for additive manufacturing, 3D printing, and fast prototyping, including 3D Systems Corporation, Arkema, Covestro, and Tethon 3D. The 3D Systems Corporation announced plans to build its headquarters in South Carolina in February 2021. The complex will have advanced metal & polymer manufacturing capabilities, training facilities, laboratories for the development of innovative materials, and client centers. Such strategic initiatives are increasing the company's expertise in fast prototyping technology, which in turn is having an impact on market expansion. 'Arkema S.A.', 'Stratasys, Ltd.', '3D Systems Corporation ', 'EOS GmbH', 'Evonik Industries AG', 'Voxeljet AG', 'Materialise NV', 'Oxford Performance Materials', 'Höganäs AB', 'LPW Technology Ltd.', 'EnvisionTEC', 'SLM Solutions Group AG', 'Concept Laser GmbH', 'Arcam AB', 'Renishaw plc', 'Ultimaker BV', 'Prodways Group', 'DSM Somos', 'Carbon, Inc.', 'Markforged, Inc.'

It is projected that factors like high strength and corrosion resistance, along with the capacity to manufacture complicated prototypes in a single fluid build, will encourage the use of metals and alloys in prototype construction. Rapid prototyping is frequently done with metals in fields including transportation, aerospace & military, and medicine. Metals are mostly used in the healthcare sector for rapid prototyping of medical equipment including implants, surgical instruments, and other items. Due to their heat resistance, strength, and adaptability, steel and aluminum are two of the most often utilized metals in fast prototyping. Over the forecast period, the market is expected to be driven by the expanding healthcare sector across all economies. The largest market share belongs to the United States.

Less carbon footprints were left behind in the finished product, which also complies with industry standards. For the producers, who are concentrating on developing a sustainable supply chain in accordance with cutting-edge 3D printing & fast prototyping technologies, the product was deliberately released. Other plastic materials can also be recycled for use in rapid product prototyping, including PE, PET, PP, and PS.

Due to the established 3D printing technologies and bigger number of service providers in the region, North America is predicted to dominate the industry. North America's market was worth USD 175.7 million. In terms of all the major end-use industries, the United States is the top consumer of rapid prototyping technologies. The primary factors driving the market's growth are the advanced industrial sector and rapid urbanization. Additionally, the aerospace and medical industries are thriving in the United States, which will likely lead to an increase in the need for prototyping materials in the near future.

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Global Rapid Prototyping Materials Market

Product ID: SQMIG45F2123