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3D printing: the near future and explored market opportunities

The 3D printing process was invented by Chuck Hill in 1983, called “stereolithography” as a technique for building solid entities by sequentially printing thin films of ultraviolet material on top of each other. This technique laid the foundations for the current scenario of 3D printing. The modern definition of 3D printing can be defined as an additive engineering process to generate a physical entity from a digital source or design. Today, there are various 3D technologies and materials available on the market, but they all follow the same standardized procedure: a solid material from a digital design by adding consecutive layers. A typical 3D print starts with the formation of a digitized design file from a physical entity. The next step varies depending on the technology and material used, starting with the system’s printers to melt the material and place it on the build platform. Time is highly dependent on print size and often post-processing events. Common printing techniques include fused deposition patterning, stereolithography, digital light processing, selective laser sintering, binder jetting, and metal printing (selective laser melting and electron beam melting) . Materials for impression vary depending on the impression options, from rubber, plastics (polyamide, ABS, PLA and LayWood), ceramics, biomaterials, sandstone, metals and alloys (titanium, aluminum, steel, cobalt-chromium and nickel).

The 3D printer is advantageous as it offers the construction of complex designs that cannot be produced by traditional methods, customization of products without additional details or tools, and without additional prices, and creates a hope for entrepreneurs or designers in profitable production for tests. market. or other needs. In addition, the traditional methods of manufacturing an entity generate a huge amount of raw material waste, for example, the manufacture of brackets wastes almost 90% of the raw material. On the other hand, the 3D printing manufacturing process involves minimal material waste and can be recycled in the next cycle.

However, the 3D modeling concept is often associated with drawbacks such as the high cost of large-scale production, restricted strength and durability, and lower-quality resolution. Furthermore, there are over 500 3D printing materials available on the market, most of which are made from plastics and metals. However, due to rapid technological advancement, the number of materials is increasing rapidly and comprises of wood, composites, meat, chocolates, etc.

As exemplified by public sources, by 2027, a tenth of global production will be 3D printed. Consequently, the cost of printers will drop from $18,000 USD to $400 USD in the next 10 years. Therefore, several companies have started their 3D printed production, such as dominant companies in footwear and in aircraft construction. Evolving technology will create a scenario where smartphones were bolstered with a scanner that allows anything in the home to be built, for example, China has created an entire 6-story building by using 3D printing technology.

3D printing has various applications in the medical, manufacturing, sociocultural and industrial fields. Based on manufacturing applications, the field is divided into agile tooling, food, research, prototyping, cloud-based additive, and mass customization. According to the medical application, the field is distributed in bioprinting devices and medicines. For example, in August 2015, the Food and Drug Administration (FDA) approved a 3D-printed surgical pin device called “FastForward Bone Tether Plate” for bunion treatment. Furthermore, in May 2017, the researcher at the Max Plank Institute for Intelligent Systems, Germany, developed a micro-machine, called micro-swimmers, by using Nanoscribe GmBH’s 3D printer technology, to precisely deliver drugs to the site of infection. and be able to control them. inside the body. Various industries have adopted 3D printing technology to manufacture their products. For example, Airbus SAS, France, stated that its product, the Airbus A350 XWB, contains more than 100 3D printed components. The astronautical industries have developed a 3D printer through the collaboration of NASA’s Marshall Space Flight Center (MSFC) and Made In Space, Inc. to print in zero gravity.

it’s market
The global 3D printing market is projected to reach by 2022 USD XX, from XX in 2015 at a CAGR of XX% from 2016 to 2022 according to the latest updated report available on DecisionDatabases.com. The market is segmented on the basis of printer type, media type, media form, software, service, technology, process, vertical, application, and geography.

Based on printer type, the market is segmented into desktop 3D printers and industrial printers. Based on the type of material, the market is segmented into plastics, metals, ceramics, and others (wax, plywood, paper, biomaterials). Based on material form, the market is segmented into filament, powder, and liquid. On the basis of software, the market is segmented on the basis of design software, inspection software, printer software, and scanning software. On the basis of technology, the market is segmented on the basis of Stereolithography, Fused Deposition Modeling, Selective Laser Sintering, Direct Metal Laser Sintering, Inkjet Printing, Electron Beam Fusion, Laser Deposition of metal, digital light processing and the manufacture of laminated objects. On the basis of process, the market is segmented on the basis of binder jetting, direct energy deposition, material extrusion, material jetting, powder bed melting, vat light curing, and sheet lamination. According to the vertical, the market is segmented into automotive, health, architecture and construction, consumer products, education, industry, energy, printed electronics, jewelry, food and gastronomy, aerospace and defense, among others. Based on the application, the market is segmented on the basis of prototyping, tooling, and functional parts.
By geography, the market is segmented on the basis of North America, Latin America, Europe, Asia-Pacific, and the Middle East and Africa.

Factors such as high investments in research and development (R&D), low raw material waste, and ease of building customized products drive market growth. However, factors such as restricted printer availability, high price of materials, and shortage of trained professionals impede market growth.

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