How Are Educational Institutions Improving Learning Through 3D Printing?

Manufacturing firms are using 3D printing to explore opportunities offered by additive manufacturing. Production units are integrating additive manufacturing into their organization to yield faster and better results. Over the years, 3D printing has gained popularity in additive manufacturing, which was previously based on the subtractive process in which wasted raw materials are reused several times. For example, automotive production facilities use left-over metal sheets to develop metal plates to be reused for the manufacturing of other parts. However, in recent years, the usage of 3D printing materials has escalated, due to the growing adoption of 3D printing technology.

Additionally, the rising integration of the 3D printing technology in the education sector will propel the 3D printing materials market at a CAGR of 16.7% during 2018–2023. According to P&S Intelligence, the market stood at $558.4 million in 2017 and it is expected to surpass $1,365.6 million by 2023. Educational institutions are using 3D printing to boost the cognitive ability of students and transform their ideas into physical form. This printing technology is enabling students to design basic 3D shapes, on laptops and tablets, and explore novel ideas. 

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In the coming years, North America is expected to register the highest sales of 3D printing materials, owing to the strong presence of established players and rapid growth in the usage of 3D printing technology. Moreover, rising adoption of this technology in the medical and dental sector will accelerate the usage of such materials in the region. However, the Asia-Pacific (APAC) 3D printing materials market will exhibit the fastest growth during the forecast period, due to the hefty investments in research and development (R&D) and supportive government policies regarding 3D printing technology. 

Thus, the growth in the automotive, manufacturing, aerospace and defense, and education sectors will amplify the usage of 3D printing materials in the near future.

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What are the 3D printing materials driving sellers quality through SWOT and PESTEL consider?

In 2017, the 3D printing materials market generated $558.4 million and is expected to attain $1,365.6 million by 2023, advancing at a 16.7% CAGR during 2018–2023. The market is growing due to the enabling of mass customization due to 3D printing, growing demand for automobiles in emerging nations, and rising use of 3D printing in the manufacturing sector. The materials that are used in the 3D printing process, which involves the of printing 3D objects with help of sequential layers of materials, such as ceramics, plastics, and metals, are called 3D printing materials. 

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On the basis of form, the 3D printing materials market is divided into filament, liquid, and powder. Among these, filaments dominated the market during the historical period (2013–2017), accounting for a share of over 50.0% in 2017, in terms of volume. Due to their superior properties, including high density, excellent layer adhesion, wrap resistance, and reduced shrinkage, polylactic acid and acrylonitrile butadiene styrene are the most extensively utilized filaments in 3D printing. The division is further projected to contribute the largest share to the market during the forecast period. 

A key factor driving the growth of the 3D printing materials market is the growing use of 3D printing in the manufacturing sector. Various manufacturing companies are focusing on integrating additive manufacturing into their processes for better and fast results. Till now, a large number of companies were using 3D printing more for prototyping, which is considered the most popular application of 3D printing. However, medical & dental and aerospace & defense have started employing the technology for full-scale production processes, rather than just prototyping, as well. 

When application is taken into consideration, the 3D printing materials market is categorized into consumer goods, medical & dental, automotive, aerospace & defense, and others (which include electronics, jewelry, architecture, fashion, art & sculpture, and food). Out of these, the aerospace & defense application accounted for over 35.0% share of the market in 2017, in terms of value. The most expensive material utilized in 3D printing, titanium is primarily used in the aerospace & defense application, which results in highest revenue contribution to the market. 

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The enabling of mass customization due to 3D printing is another factor which is resulting in the growth of the 3D printing materials market. The production of customized goods in order to meet the demand of customers is called mass customization. The several advantages of mass customization include added value to goods, unique user experience, and collection of clients’ data. The use of 3D printing for mass customization removes any additional cost, as the process does not involve specific tooling and initial cost of mold, which are required for traditional manufacturing techniques. 

The adoption of 3D printing in the education sector is a major trend in the 3D printing materials market. The concept of 3D printing is being increasingly adopted in the education sector as it allows students to explore new ideas and design basic 3D shaped on tablets. Different schools have started integrating 3D printing technologies in their curriculum, as it will help enhance the creativity of students and allow them to test ideas in real space. This is further predicted to enhance the quality of education provided in different educational institutions. 

Hence, the market is growing considerably due to the enabling of mass customization because of 3D printing and the increasing usage of 3D printing in the manufacturing sector.

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