Rapid Prototyping Materials Market to Amount to USD 903.8 Mln by 2021, Forecasts M&M in Its Report Available at MarketPublishers.com23 Sep 2016 • by Natalie Aster
LONDON – The global market for rapid prototyping is set to show significant growth in the upcoming years, and its CAGR is expected to be approximately 27% over the period 2016-2021. This marketplace is forecast to be worth just under USD 904 million by 2021.
The market is driven by a number of factors like low cycle time, high demand for product development and modification, government support, etc.
However, material costs are high given low consumption volumes and this is one of major restraints for this marketplace.
Besides, an acceptance rate in developing economies is low, and it is another important restraint. There are also some challenges like continuously evolving market.
The manufacturing and construction is expected to demonstrate the highest CAGR in the years to come.
APAC is the fastest growing regional marketplace given rising demand for rapid prototyping materials across variuos end-use industries and low cost and high availability of raw materials.
Royal, Arkema, Oxford Performance Materials and Arcam are some of leading companies globally.
In-demand research report “Rapid Prototyping Materials Market by Type, Form, Function, End User - Global Forecast to 2021” worked out by M&M offers an up-close look at the global rapid prototyping marketplace. The study provides a bird’s eye view of the market, including details on its segmentation.
It explores forces driving and restraining the global space. Opportunities and challenges of the marketplace are also scrutinized in the report. The research study throws light on industry trends, as well.
It examines the marketplace on the basis of types, forms, end-users and functions. The research report delves deep into regional marketplaces and draws up a detailed picture of the latest trends and developments in the competitive landscape.
The study comprises profiles of top companies and gives detailed future projections to 2021.
More insightful research reports by M&M can be found at its page.