3D printing materials refer to the raw materials utilized in 3D printing processes to produce functional prototypes and end-use products across various industries. Commonly used 3D printing materials include photopolymers, thermoplastics such as acrylonitrile butadiene styrene (ABS) and polycarbonate (PC), thermoplastic elastomers, metals, and composite materials. These materials provide advantages such as lightweight, durability, low-cost, chemical resistance, biocompatibility, and reliability. The growing need for prototypes and customized designs across industries has propelled the demand for 3D printing materials.
The global 3D Printing Materials Market is estimated to be valued at US$ 741.3 Mn in 2023 and is expected to exhibit a CAGR of 14% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.
Market Opportunity:
For Wide Range of Applications
One major market opportunity for 3D printing materials is their application in a wide range of industries. 3D printing technology offers an efficient way of producing prototypes and finished goods customized for specific industrial needs. 3D printing materials are increasingly being utilized in the healthcare sector for medical implants, surgical guides, and prosthetics. They also find usage in automotive, aerospace, consumer goods, and other manufacturing industries for rapid prototyping and low volume production of complex parts. The ability of 3D printing materials to facilitate product customization as per customer requirements presents significant growth prospects. This is encouraging different industries to leverage 3D printing for both prototyping as well as volume manufacturing applications.
Porter's Analysis
Threat of new entrants: The UV lamps market has moderate threat of new entrants due to high initial capital investment and technical expertise required.
Bargaining power of buyers: Buyers have moderate bargaining power in this market due to availability of substitute products.
Bargaining power of suppliers: Suppliers have moderate bargaining power due to differentiated products available in the market.
Threat of new substitutes: Substitutes like LED lamps pose moderate threat to UV lamps.
Competitive rivalry: High as players compete on the basis of product innovation, quality and pricing.
SWOT Analysis
Strength: UV lamps have wide applications in disinfection, water treatment, and industrial curing. Growing demand from end-use industries.
Weakness: High operating costs. Exposure to UV radiation can cause harm if not used properly.
Opportunity: Increasing application in wastewater treatment, food and beverages sterilization presents an opportunity for market growth.
Threats: Stringent regulations regarding mercury content can hamper sales. Substitute technologies like LED lamps.
Key Takeaways
The global UV lamps market is expected to witness high growth over the forecast period driven by growing application in wastewater treatment plants. The global 3D Printing Materials Market is estimated to be valued at US$ 741.3 Mn in 2023 and is expected to exhibit a CAGR of 14% over the forecast period 2023 to 2030.
North America dominates the global market currently owing to stringent environmental regulations and presence of key players in the region. Europe is the second largest regional market for UV lamps led by Germany, France and the UK. The Asia Pacific region is expected to be the fastest growing market for UV lamps during the forecast period with China, India and Japan being the major countries.
Key players in the UV lamps market include Georgia-Pacific LLC, International Paper Company, Lenzing AG, Grasim Industries Ltd., Sateri Holdings Limited, Aditya Birla Group, Tangshan Sanyou Xingda Chemical Fiber Co., Ltd., Barnhardt Manufacturing Company, Shanghai Textile Raw Materials Corporation, Shandong Silver Hawk Chemical Fibre Co., Ltd., Thai Rayon Public Company Limited, Xinjiang Zhongtai Chemical Co., Ltd., Shandong Demian Incorporated Company, Gujarat Ambuja Exports Limited, and North Alabama Cotton Cooperative.
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The global UV LED Lamps Market report for the forecast period of 2018 – 2023 is a key insight into the UV LED Lamps Market across various parameters.
The solid research on the UV LED Lamps Market is prepared with the aim to meet the requirements of the customer in terms of the availability of data, analytics, statistics, and an accurate forecast of the UV LED Lamps Market.The research has been conducted keeping a base year as reference to identity the UV LED Lamps Market trends and hence accurately project the forecast of the UV LED Lamps Market.Ask for Sample Copy of Report @ http://orbisresearch.com/contacts/request-sample/2109856Key questions answered by this report include:Worldwide and Regional Market Size of UV LED Lamps 2013-2017, and development forecast 2018-2023Main manufacturers/suppliers of UV LED Lamps worldwide, with company and product introduction, position in the UV LED Lamps marketMarket status and development trend of UV LED Lamps by types and applicationsCost and profit status of UV LED Lamps, and marketing statusMarket growth drivers and challengesThe global UV LED Lamps Market report covers the overview of the market which provides the customer detailed information about the UV LED Lamps Market such as the different types of products, the applications of the products and their performance in the market.
This can help the customer relate to the market and gain requisite insights into the UV LED Lamps Market for better understanding and planning.The report further covers the various drivers, challenges, and trends in the global market as well as in the regional markets.
It is necessary to understand all the drivers and restraints one might face in the market to plan the growth campaign effectively and realize substantial benefits.
Furthermore, the region which is recording the fastest growth rate is also covered.The regions covered in the UV LED Lamps Market report include:North AmericaEuropeChinaJapanRest APACLatin AmericaBy types, the UV LED Lamps Market is segmented into the following:UVAUVBUVCBy Applications, the UV LED Lamps Market is segmented into the following:UV CuringMedical PhototherapySterilizationOthersMake an Enquiry @ http://orbisresearch.com/contacts/enquiry-before-buying/2109856The type with the fastest growth rate for the forecast period and the type holding the highest market share are mentioned in the report along with a detailed analysis of each type in the global UV LED Lamps Market report.
With the intense competition present in the UV LED Lamps Market, the customer should be well informed of the competition and what is to be faced ahead.Some of the key players covered in the UV LED Lamps Market report include:PhilipsLGHonle GroupNordson CorporationSemiLEDs CorporationHalma PlcHeraeus Holding GmbHCrystal IS Inc.Seoul ViosysNichia CorporationApart from this, the report also covers the rest of the UV LED Lamps Market analysis such as market analysis, downstream customers, consumption, sales, price, and gross margin.
