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Friday, 12 January 2018

3D Printer Market to 2021- Competitive Situation and Ongoing Trends

Global 3D printer market is anticipated to rise at a positive CAGR in the predicted period. 3D printing is a field of printing technology in which a manufacturing method is known as additive manufacturing that enables removing of material to create a part, the process integrates the material in certain patters to produce an anticipated shape. Mainly domains such as prototyping, specialized parts, hobbies and home use, medical, cars and building are some application areas.


3D printing utilizes software that chunks the 3D model into layers and each layers is then outlined onto the build plate by the printer and once the pattern is complete, the build plate is depressed and the next layer is put on the top of previous one. This technique is also known as subtractive manufacturing since the process involves removal of material from a performed block. Other processes such as milling and cutting also come under subtractive manufacturing techniques. Though, this process generates a lot of waste since the material that is eliminated generally is of no use and cannot be recycled which is then needed to be sent as a crap. Hence, 3D printing removes such waste since the material is placed in the desired location and the rest will be left out as an empty space.


Advantages associated are speedily printing and instant output whereas limitations include expensive hardware and expensive materials. Though, there are certain pros and cons, 3D printing cannot be a widespread solution, however novel development in 3D printing can help fasten design and engineering forms and figures. Factors such as ease of development of customized products, capacity to minimize overall manufacturing and development costs, rising government investments are expected to propel the market growth in the predicted period.


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