August 25, 2020
As per the report titled ‘Aerospace 3D Printing Materials Market Size By Material, Plastic Powder, Metal, By End-Use, Regional Outlook, Application Growth Potential, Price Trends, Competitive Market Share & Forecast, 2020 - 2026’, available with Market Study Report LLC, global aerospace 3D printing materials market is expected to record an appreciable growth rate through 2026.
Expanding aviation industry, rising demand for high strength & lightweight composite materials for developing fuel-efficient aircrafts, and advancements in space exploration field are the major growth drivers of global aerospace 3D printing materials market. On the contrary, high costs associated with the required materials and its manufacturing will negatively impact the business space over the forecast period, cites the study.
Request sample copy of this Report: https://www.marketstudyreport.com/request-a-sample/2772773/
For the uninitiated, aerospace 3D printing materials are utilized to manufacture aircraft parts and components that are stronger and lighter in comparison to the ones made using conventional methods. 3D printing, also known as additive manufacturing, is a procedure where physical objects take shape as result of deposition of materials in layers by referencing a digital model. The whole process generally requires software, hardware, and materials to work in unison.
In the aerospace industry, 3D printing offers several benefits such as reduced CO2 emissions by lowering the overall weight which ultimately decreases fuel consumption. As it a tool-free method, the additional costs associated with traditional manufacturing processes are saved. Common 3D printing applications in aerospace include detailed visual prototypes, mounting brackets, surrogates, and jigs & fixtures.
Based on material terrain, global aerospace 3D printing materials market is categorized into metals, ceramic, plastic, and others. As per the report, others segment comprising of graphene and composites of glass & carbon fibers, is expected to register a 18.5% CAGR over the analysis period.
As per the regional analysis, Latin America aerospace 3D printing materials market is projected to expand with a y-o-y growth rate of 17% through 2026, fueled by growing presence of industry players across the region.
Prominent players in global aerospace 3D printing materials market are Toray Industries, Teijin Ltd., Owens Corning, Huntsman International, Gurit Holdings AG, E. I. du Pont de Nemours, Axioms Materials, Argosy International Inc., Kaneka Corp., Koninklijke Ten Cate B.V., Hexcel Corp., and Cytec Industries among others.