by Digital 3D printing materials refer to thermoplastic and photopolymer materials that are used for printing 3D models and structures through various additive manufacturing techniques like fused deposition modeling (FDM), stereolithography (SLA), and multi-jet fusing (MJF). These materials are available in different forms like filaments, liquid resins, and powders depending on the type of 3D printing technology. Plastics constitute the largest material category used in 3D printing due to their versatile properties and wide application scope. Thermoplastics such as ABS, PLA, and polyamide are widely utilized in FDM printing while photopolymers are suitable for SLA and MJF processes. 3D printing materials help in reducing wastage, simplifying designs, and providing customized solutions across industries.
The global Digital 3D Printing Materials Market is estimated to be valued at US$ 11702.77 Mn in 2023 and is expected to exhibit a CAGR of 5.0% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.
Market key trends:
Continuous material innovations in 3D printing: Material innovation is a major trend as researchers develop new material formulations optimized for specific performance requirements. Hybrid and composite filaments blending different polymers are gaining popularity. Magnetic and electrically conductive materials are also emerging for functional applications. Biocompatible hydrogels and tissue scaffold materials advancing healthcare 3D printing.
Porter’s Analysis
Threat of new entrants: The threat of new entrants in the chromatography market is low due to high capital requirements for infrastructure and R&D. Additionally, established players have strong brand awareness and distribution networks.
Bargaining power of buyers: The bargaining power of buyers is high as chromatography products are technologically complex offerings. Buyers can leverage this complexity to negotiate on price and demand additional services from vendors.
Bargaining power of suppliers: The bargaining power of suppliers is moderate as there are few raw material suppliers. However, requirements for materials are standardized limiting the ability of suppliers to influence prices.
Threat of new substitutes: The threat of substitutes is low as chromatography techniques provide unique separation capabilities not found in alternative analytical methods. New substitutes would need to match functionality for customers to shift.
Competitive rivalry: The chromatography market sees intense competition among global players. Companies compete based on technology innovations, service offerings, and geographic expansion.
Key Takeaways
The global chromatography market is expected to witness high growth over the forecast period supported by increasing spending on pharmaceutical R&D. The global Digital 3D Printing Materials Market is estimated to be valued at US$ 11702.77 Mn in 2023 and is expected to exhibit a CAGR of 5.0% over the forecast period 2023 to 2030.
North America currently dominates the market attributed to presence of major players and advances in biopharmaceutical research. This is attributed to strong government funding for pharmaceutical R&D in the US. Asia Pacific is expected to be the fastest growing regional market, expanding at over 7% CAGR through 2030. Increasing investments by global players in emerging countries to capitalize on lower costs and address domestic demand are driving the regional market.
Key players: Key players operating in the chromatography market are Fagron Sterile Services US, New Drug Loft & VLS Pharmacy, Nora Apothecary, Lifecare Pharmacy, Avella Specialty Pharmacy, Triangle Compounding Pharmacy, O’Brien Pharmacy, Tache Pharmacy, Northmark Pharmacy, Edge Pharma, and ImprimisRx. Players compete on developing innovative assay kits and instruments, expansion into high-growth markets as well as partnerships with end-users.
*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it
