The 3D
Printing market is projected to grow from USD 17.5 billion in 2024 and is
projected to reach USD 37.4 billion by 2029; it is expected to grow at a CAGR
of 16.4% from 2024 to 2029. The availability of wide variety of
industrial-grade 3D printing materials drives the growth of the 3D Printing
market
Major players in the 3D
Printing market include Stratasys (US), 3D Systems, Inc. (US), HP Development
Company, L.P. (US), EOS GmbH (Germany),General Electric (US). Major strategies
adopted by the players in the 3D Printing market ecosystem to boost their
product portfolios, accelerate their market share, and increase their presence
in the market include acquisitions, collaborations, partnerships, and new
product launches.
For instance, in March
2024, At the Additive Manufacturing Users Group Conference in Chicago, HP
announced its collaboration with Arkema to launch a new polymer 3D printing
material, PA 12 S, designed for use with HP's Multi Jet Fusion technology. This
material, boasting a high reusability ratio of 85%, offers improved surface
finish and reduced costs, with beta users like Materialise and Decathlon
already benefiting from its advantages.
In March 2024, Stratasys
introduced two groundbreaking software solutions, GrabCAD Streamline Pro and an
updated version of GrabCAD Print Pro for PolyJet technology, to enhance
efficiency in additive manufacturing. These tools aim to scale production, optimize
printer fleets, and streamline workflows, responding to industry demands for
sophisticated management systems that benefit various sectors like automotive,
aerospace, and healthcare.
Stratasys:
Stratasys specializes in
advanced additive solutions tailored for industrial applications, addressing
crucial design and manufacturing challenges throughout the production cycle.
The company offers cutting-edge technologies such as FDM, PolyJet, P3, SAF,
Stereolithography, and 3DFashion. Stratasys provides a range of printers,
including FDM, PolyJet, Stereolithography, P3, and SAF. Their software
offerings encompass GrabCAD Software, Connectivity, Digital Anatomy™ Creator,
and OpenAM Software, facilitating seamless integration and enhancing the
overall additive manufacturing experience. Stratasys operates across diverse
industries, including Aerospace, Automotive, Consumer Products, Dental,
Medical, Education, Art, and Fashion. Their applications span Manufacturing,
Jigs and Fixtures, Production Parts, Rapid Prototyping, Packaging, Design,
Composite Tooling, and Dentures. With a broad industry presence, Stratasys
provides innovative solutions tailored to specific sector needs, showcasing
their versatility and commitment to addressing a wide range of applications
within the realms of design, production, and prototyping.
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Materialise NV:
Materialise is one of
the additive manufacturing software solutions and 3D printing services
providers. The company operates through Materialise Manufacturing, Materialise
Medical, and Materialise Software business segments. The Materialise Software
segment develops and delivers additive manufacturing software solutions and
related services. The Materialise Medical segment includes software solutions,
medical devices, and other products and services. The Materialise Manufacturing
segment provides 3D printed services. Materialise serves customers across
diverse industries, including automotive, aerospace, healthcare, art and
design, and consumer products, providing them with general software tools and
3D printing services. The company is mainly engaged in several critical
additive manufacturing applications, including orthopedic,
cranio-maxillofacial, eyewear, footwear, and measurement fixtures. Materialise
offers a range of technologies, including Stereolithography, Selective Laser
Sintering, Multi Jet Fusion, Fused Deposition Modeling, Metal 3D Printing,
PolyJet, Somos TetraShellTH, and Vacuum Casting. The company provides software
such as CO-AM Software Platform and Magics.
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