3D Printing Material Market is Probable to Influence the Value of USD 6 billion, with Growing CAGR of 23% by 2028
PUNE, India, May 16, 2023 /PRNewswire/ -- The 3D printing material Market is expected to grow at more than 23% CAGR from 2023 to 2028. It is expected to reach above USD 6 billion by 2028 from a little above USD 2 billion in 2022.
- Because of the growing demand for 3D printing technologies, the aerospace, defence, and automotive industries, in particular, are driving the demand for 3D printing materials.
- 3D printing, also known as additive manufacturing, has opened up new possibilities for the design of high-tech products in the automotive industry.
- 3D printing has the potential to significantly improve the development of consumer goods and electronics.
- Material costs make 3D printing more expensive than other manufacturing methods, creating a significant market barrier.