Market for Rapid Prototyping Materials to Grow through 2021February 1, 2017
The worldwide rapid prototyping materials market is expected to reach $903.8 million by 2021, at a compounded annual growth rate (CAGR) of 26.8 percent, according to a new report at Researchandmarkets.com.
Because rapid prototyping is used in the additive-manufacturing (AM) process to create testing models, AM is helping to drive the growth of the rapid prototyping materials market during the forecast period. Worldwide, the manufacturing and construction end-user segment of the market is expected to lead all segments in growth.
According to the report, the rapid prototyping materials market in the Asia-Pacific region is expected to grow at the highest CAGR between 2016 and 2021. This growth is attributed mainly to the increasing demand of rapid prototyping materials across varied end-use industries, such as healthcare, consumer goods, and aerospace and defense. Moreover, low-cost and easy availability of raw materials is another significant factor propelling the growth of the market in this region.
Technologies: Additive Manufacturing
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