According to Precision Business Insights (PBI), the latest report global Silicone 3D Printing Market is expected to be worth USD 1,590.3 million in 2022 and projected to grow at a 19.9% CAGR over 2022 to 2028.
According to Precision Business Insights (PBI), the latest report global Silicone 3D Printing Market is expected to be worth USD 1,590.3 million in 2022 and projected to grow at a 19.9% CAGR over 2022 to 2028. The invention of a new technology that allows silicone to be used as a 3D printing material is one of the most recent developments in additive manufacturing. Silicone (or polysiloxane) is a synthetic elastomer with exceptional heat stability and tear resistance (working temperature range -80 °C to 200 °C). Silicone components are in high demand due to their chemical and mechanical qualities, which are appropriate for a wide range of applications.
The Healthcare Segment is Dominating the Silicone 3D Printing Market:
Silicone 3D printers have many applications in the healthcare facilities and the first silicone 3D printer was developed by ACEO in collaboration with WACKER and allows for the production of 3D things from silicone materials without thermal changes. Silicone is tear resistant and bio-compatible in certain places, this new discovery opened a lot of possibilities in the health and medical fields. There are also design advantages: Silicone heart valves that are 3D printed provide a perfect fit that hard, traditionally made heart valves cannot. 3D printing can provide complex, porous surfaces for implants like titanium prosthetic joints or cranial plates, making them less likely to be rejected by patients' bodies.
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North America Leads Animal Healthcare Market:
North America is expected to hold significant market share in the global silicone 3D Printing Market and is projected to grow at a prominent growth rate over the forecast years owing to high growth rate of this region is primarily attributed to the rapid developments in the manufacturing sector in the region with growing interests in new technologies for efficient production. Additionally, increased digitization has fueled the growth and adoption of 3D printers for end-use industries such as consumer goods, construction, medical, electronics and semiconductor, and research and education.
Strategic New Product Launches, Mergers, Acquisitions and Agreements are the key strategies adopted by market players:
Global Silicone 3D Printing Market further reveals that the key players increasingly adopting strategies such as launch of newer products, product launches, and long-term alliance to improve market revenue share and gaining significant geographic presence across the region. For instance, In October 2019, Dow introduced two new liquid silicone rubber 3D printing materials: SILASTIC LTC 9400 Series Liquid Silicone Rubbers (LSRs) and SILASTIC 3D 3335 Liquid Silicone Rubber. Dow is a global leader in silicone elastomer research. This improved low-temperature cured liquid silicone rubber allows for new applications in a variety of industries, including automotive, electronics, and consumer goods.
The Silicone 3D Printing market is segmented based on Product Type, Animal, and Geography. Based on the Technology, the market is segmented into the following:
Based on the Application, the market is segmented into the following:
Based on Geography, the market is segmented into the following:
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Key players profiles in the silicone 3d printing market report are Elkem ASA, Spectroplast AG, Wacker Chemie AG, Lyxnter, Deus Dynamics, Erpro Group, Gaches Chimie, ENVISIONTEC, INC., Carbon, Inc.
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