Market for Rapid Prototyping Materials to Grow Through 2021February 10, 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 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 mainly attributed 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.
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