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The Japanese company hopes to capitalise on the growing 3D printing market.
Castor Technologies is based in Israel and specialises in industrial 3D printing.
With the investment, Asahi Kasei aims to synergise its computer-aided engineering (CAE) technical service for plastic products and Castor’s technology.
The multinational chemical company also hopes to capitalise on the growing 3D printing market, which GlobalData forecasts will be worth $70.8bn, growing at a compound annual growth rate (CAGR) of more than 18% between 2021 and 2030.
Castor states that its software and proprietary algorithm can automatically select parts that are suitable for 3D printing from drawings of thousands of parts in a bill of materials (BOM) and propose shape modifications.
The system can also reportedly optimise customers’ manufacturing processes by estimating manufacturing lead times, costs, and CO₂ emissions of the analysed parts.
The start-up’s service for simple judgement of part formability and simulation of manufacturing costs is expected to enable swifter responses to Asahi Kasei’s customer inquiries.
Asahi Kasei business and marketing Yukihiro Bann senior general manager comments: “We aim to provide our customers with more advanced and automated real-time simulations, as well as to expand the range of technical services that both companies can offer.”
Last month, Asahi Kasei launched a chemical recycling project to reduce more greenhouse gas (GHG) emissions than the conventional PA66 manufacturing process.
Author: Packaging Gateway
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Printing Equipment Consumption Market Report: 2023-2028
Printing Equipment Consumption Market (Newly published report) which covers Market Overview, Future Economic Impact, Competition by Manufacturers, Supply (Production), and Consumption Analysis
The market research report on the global Printing Equipment Consumption industry provides a comprehensive study of the various techniques and materials used in the production of Printing Equipment Consumption market products. Starting from industry chain analysis to cost structure analysis, the report analyzes multiple aspects, including the production and end-use segments of the Printing Equipment Consumption market products. The latest trends in the industry have been detailed in the report to measure their impact on the production of Printing Equipment Consumption market products.
Get sample of this report @ https://www.marketresearchupdate.com/sample/282819
Results of the recent scientific undertakings towards the development of new Printing Equipment Consumption products have been studied. Nevertheless, the factors affecting the leading industry players to adopt synthetic sourcing of the market products have also been studied in this statistical surveying report. The conclusions provided in this report are of great value for the leading industry players. Every organization partaking in the global production of the Printing Equipment Consumption market products have been mentioned in this report, in order to study the insights on cost-effective manufacturing methods, competitive landscape, and new avenues for applications.
Leading key players in the Printing Equipment Consumption market are –
Kroenert, Kimoto Tech, InkTec, DP Patterning, Bosch Rexroth, Beneq, Applied Laser Engineering ALE, Aixtron, 3D Micromac, Sempa Systems, Rolith, Notion Systems, Owens Design, Northfield Automation Systems, Nordson Asymtek, Mekoprint, Martin Automatic, Werner Kammann Maschinenfabrik, Xymox, Vinci Technologies, Von Ardenne, VDL FLOW, Teknek, TDK-Lambda, Soligie, Epson, Canon, HP, Dell, Brother
Product Types:
Plate Making Equipment
Printing Equipment
Binding Equipment
On the Basis of Application:
Commercial
Home
Printing Equipment Consumption Market Scope:
| ATTRIBUTES | DETAILS |
|---|---|
| BASE YEAR | 2022 |
| FORECAST YEAR | 2023-2028 |
| UNIT | Value (USD Million/Billion) |
| CAGR | Yes (%) |
| SEGMENTS COVERED | Key Players, Types, Applications, End-Users, and more |
| Major Key Players | Kroenert, Kimoto Tech, InkTec, DP Patterning, Bosch Rexroth, Beneq, Applied Laser Engineering ALE, Aixtron, 3D Micromac, Sempa Systems, Rolith, Notion Systems, Owens Design, Northfield Automation Systems, Nordson Asymtek, Mekoprint, Martin Automatic, Werner Kammann Maschinenfabrik, Xymox, Vinci Technologies, Von Ardenne, VDL FLOW, Teknek, TDK-Lambda, Soligie, Epson, Canon, HP, Dell, Brother |
| REPORT COVERAGE | Total Revenue Forecast, Company Ranking and Market Share, Regional Competitive Landscape, Growth Factors, New Trends, Business Strategies, and more |
| REGION ANALYSIS | North America, Europe, Asia Pacific, Latin America, Middle East and Africa |
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Regional Analysis For Printing Equipment Consumption Market
North America (the United States, Canada, and Mexico)
Europe (Germany, France, UK, Russia, and Italy)
Asia-Pacific (China, Japan, Korea, India, and Southeast Asia)
South America (Brazil, Argentina, Colombia, etc.)
The Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, and South Africa)
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- The varying scenarios of the overall market have been depicted in this report, providing a roadmap of how the Printing Equipment Consumption products secured their place in this rapidly-changing marketplace. Industry participants can reform their strategies and approaches by examining the market size forecast mentioned in this report. Profitable marketplaces for the Printing Equipment Consumption Market have been revealed, which can affect the global expansion strategies of the leading organizations. However, each manufacturer has been profiled in detail in this research report.
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- Printing Equipment Consumption Market Effect Factors Analysis chapter precisely gives emphasis on Technology Progress/Risk, Substitutes Threat, Consumer Needs/Customer Preference Changes, Technology Progress in Related Industry, and Economic/Political Environmental Changes that draw the growth factors of the Market.
- The fastest & slowest growing market segments are pointed out in the study to give out significant insights into each core element of the market. Newmarket players are commencing their trade and are accelerating their transition in Printing Equipment Consumption Market. Merger and acquisition activity forecast to change the market landscape of this industry.
This report comes along with an added Excel data-sheet suite taking quantitative data from all numeric forecasts presented in the report.
What’s in the offering: The report provides in-depth knowledge about the utilization and adoption of Printing Equipment Consumption Industries in various applications, types, and regions/countries. Furthermore, the key stakeholders can ascertain the major trends, investments, drivers, vertical player’s initiatives, government pursuits towards the product acceptance in the upcoming years, and insights of commercial products present in the market.
Get Full Report @ https://www.marketresearchupdate.com/industry-growth/printing-equipment-consumption-industry-analysis-and-forecast-2028-282819
Lastly, the Printing Equipment Consumption Market study provides essential information about the major challenges that are going to influence market growth. The report additionally provides overall details about the business opportunities to key stakeholders to expand their business and capture revenues in the precise verticals. The report will help the existing or upcoming companies in this market to examine the various aspects of this domain before investing or expanding their business in the Printing Equipment Consumption market.
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New 36- and 44-Inch Multifunction Models Feature Integrated 36-Inch Wide Scanner
LOS ALAMITOS, Calif., May 16, 2023 /PRNewswire/ -- Committed to delivering the new benchmark in high-speed CAD and graphics printing, Epson today announced availability of its production-class SureColor® T-Series multifunction printers – the 36-inch SureColor T5770DM and 44-inch SureColor T7770DM. Leveraging the same innovative, compact design as their single-function counterparts, the technical multifunction printers feature an integrated 36-inch wide dual-light scanner that enables both high-speed scanning and copying for wide-format documents.
"For many technical professions, the ability to scan and share documents is essential for efficient workflow and collaboration," said Jacob Hardin, product manager, Professional Imaging, Epson America, Inc. "The new multifunction SureColor T-Series production models include an integrated scanner to provide the ability to professionally scan, copy and share wide-format documents, without sacrificing space. The compact design with full-front operation fits in just about any office environment and makes in-house printing cost efficient and attainable."
The SureColor T5770DM and SureColor T7770DM deliver versatile high-speed scanning at up to 10 inches per second (black-and-white) and 4.5 inches per second (color),1 with no additional footprint versus single function printers.2 Featuring a space-saving design, the scanner lid flips up when scanning and copying functions are selected and closes when finished to keep the printer's top surface flat. The scanner's dual light source reduces the appearance of wrinkles in scanned documents, and predefined modes help optimize scan quality based on image type, enhancing renderings, blueprints, inverted blueprints, and tracing paper. With integrated wireless connectivity, the printers enable users to scan a variety of file formats to USB, mobile devices, PCs, network folders, and more, and easily preview and edit scans from virtually anywhere in the home or office using the Epson Smart Panel®3 app.
Featuring industry-leading 2.64-inch PrecisionCore® TFP® printhead technology, the SureColor T5770DM and SureColor T7770DM deliver A1/D-size prints in as fast as 16 seconds.4 The models leverage UltraChrome® XD3 six-color inks including dedicated Red ink to produce crisp lines and vibrant branding colors for graphics, signage, blueprints, documents, and more. Additional features designed to facilitate business productivity include:
- Innovative design fits almost any workflow – Unique flattop design with complete front operation, simple automatic roll loading and dual roll/take-up reel integrated
- Print on a wide range of media for various applications – Print on a variety of media, including glossy, technical, bond, matte and specialty media, and rigid posterboard up to 1.5 mm thick
- Seamless, dual-roll productivity – Accommodate two media types or sizes, or use the second roll as a take-up reel for roll-to-roll production
- Easy to use and maintain – Configurable 4.3-inch touchscreen control panel for simple operation, automated routine maintenance and convenient user self-service for long-term operation
- No assembly required – Be up and printing in as little as 30 minutes
- Versatile connectivity – SuperSpeed USB 3.0, Gigabit Ethernet and Wi-Fi® connectivity (2.4 GHz and 5 GHz) options to fit virtually any production workflow
- Adobe Embedded Print Engine – High-speed processing and PDF printing convenience powered by a powerful Adobe Embedded Print Engine with four on-board Intel Atom CPUs; provides up to 3x faster processing of complicated data and accurate printing of transparent layers than previous generations, with PDF RIP resolution up to 1200 dpi5
- Included Epson Software Suite and Epson Cloud Solution PORT6 help maximize productivity – Remotely manage and monitor your printer fleet from the convenience of your laptop or smart device
Pricing and Availability
The 36-inch SureColor T5770DM and 44-inch SureColor T7770DM are now available through Epson Authorized Professional Imaging Resellers. For additional information, visit https://epson.com/TSeriesProduction.
Source: PR Newswire
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A special report from NAPCO Research highlights the ways print providers are redefining business strategies to maintain profitability as they face labor shortages, declines in print volumes, price competition, heightened security requirements, and changing customer needs. “The New Formula for Production Print Success” leverages NAPCO Research surveys and print provider examples to highlight how process automation and digital transformation are strengthening business results.
The report (download the full asset here) identifies the following 4 challenges and presents recommendations and real-world examples of ways print providers are overcoming them.
Challenge 1: Beating Profitability Targets
Achieving profitability goals can be a challenging task. According to the PRINTING United Alliance’s 2022- 2023 State of the Industry research, while industry sales are growing and confidence is on the rise, operating cost inflation and labor shortages are squeezing print providers margins. In turn, print providers are prioritizing the importance of cost reduction and production productivity. Nonetheless, commercial printers participating in the State of the Industry research are taking multiple actions to beat profit targets, from price increases to cost-cutting to capital investment that supports automation, faster production speed, and more streamlined workflow. In addition, commercial printer survey respondents report their top capital investment objective is to increase productivity/efficiency (82%), followed by increasing production speed (53%), and automating operations (52%).
Challenge 2: Accelerating Productivity
Commercial printers participating in a NAPCO Research’s Annual Print and Trends and Strategy Service survey identified the following as their top three workflow pain points or inefficiencies influencing productivity:
- Producing and managing a high number of small-quantity jobs
- Keeping up with technology changes
- Increasing throughput; shortening production times
This challenge points to the benefits of investing in the right equipment and workflow automation to reduce costs, enable faster throughput, increase efficiency, and improve output quality.
Another essential benefit of automating business processes is that it reduces labor requirements, a critical challenge for print providers. Despite persistent labor and skill shortages, technology solutions exist to support print service providers in reducing staff needs, simplifying processes, and automating tasks.
Challenge 3: Winning More Business and Growing Print Volumes
Over half of commercial printers (56%) participating in a NAPCO Research’s annual survey report differentiating their products and services is a key challenge. Offering printing enhancements is a way for print providers to differentiate from the competition and capture more business. Marketers and brand owners understand the value of enhanced printing and its ability to give their printed communications a premium look.
Challenge 4: Championing Sustainability
Brand owners, marketers, and consumers are looking for eco-friendly options. Sustainability is an important topic across all industries, but printed products often suffer from a perception that they are difficult to recycle, end up in landfills, and are damaging to the earth’s forests. At the same time, organizations are becoming increasingly aware of their impact on carbon emissions and the environment.
An Updated Success Model Emerges
Print service providers are looking for new ways to address these challenges while remaining competitive and profitable. Meeting today’s competitive challenges requires re-aligning business strategies to adjust for new market realities. The new formula for a printing company’s success combines delivering quality, turnaround, price, value, innovation, security, and sustainability.
Download the full asset today to learn how to power profitability with efficiency, automation, differentiation, and sustainability.
Author: Printing Impressions
- By: Jose D Morales
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Exactitude Consultancy, the market research and consulting wing of Ameliorate Digital Consultancy Private Limited has completed and published the final copy of the detailed research report on the 3D Printing Material Market.
Innovation and expansion in 3D printing materials and technology will create lucrative opportunities for the global 3D printing materials market.
PUNE, India, May 16, 2023 /PRNewswire/ -- The 3D printing material Market is expected to grow at more than 23% CAGR from 2023 to 2028. It is expected to reach above USD 6 billion by 2028 from a little above USD 2 billion in 2022.
3D printing is a type of additive manufacturing in which a three-dimensional object is created through the layering of printing materials. 3D printing materials have improved properties like durability, flexibility, stability, and sensitivity. ABS, polylactic acid or polylactide (PLA), plaster, silica, alumina, titanium, tissues, waxes, and laywood are all common materials used in 3D printing.
To some extent, plastics provide design flexibility, durability, and biodegradability. Plastics are also available in a variety of colours. Plastics, on the other hand, have limited weathering resistance. Metals are strong, malleable, and corrosion-resistant; however, they are costly and have limited design flexibility.
Click Here to Access Sample Report of the 3D Printing Material Market @
3D Printing Materials Market News
- In September 2021, Arkema has announced to exhibit at Rapid + TCT 2021 in Chicago, from 13th September 2021 to 15th September 2021. The company will feature 3D Printing Materials for UV-curing applications, including, N3D-TOUGH 784 (high Strength Material), HT-511 (Tough High-Temperature Resin), DMT-303 (Performance Resin), IC-163 Casting Resin), and LF-053 (Acrylic SLA Resin), thereby, had enhanced the customer reach of its product portfolio.
- In June 2021, Covestro AG and Nexeo Plastics have announced the development of a new PC/ABS filament (Addigy FPB 2684 3D) for 3D printing. The company offers this product through Nexeo Plastics' distribution platform.
- In May 2021, Covestro AG has introduced a new 3D Printing Material (Arnite AM2001 GF (G) rPET), a glass-fiber filled recycled polyethylene terephthalate (rPET) for 3D pellet printing, which is being derived drom post-consumer PET waste.
North America is anticipated to dominate the industry, in terms of value, during 2023-2028.
It was worth $703.0 million and held more than 37.0% of the market in 2022. The rising demand for 3D printing materials in the healthcare, cosmetics, aerospace, and automotive sectors is propelling the region's market forward.
In terms of volume, Europe and Asia Pacific are major regions of the global industry. In 2022, these regions had a value share of 27.6% and 24.7%, respectively. The market for 3D printing materials in the Middle East and Africa is larger than in Latin America. However, the Latin American market is expected to grow at a faster rate during the forecast period.
A Comprehensive List of 3D Printing Technologies (2023)
- Material Extrusion. Fused Deposition Modelling (FDM).
- Vat Photopolymerisation. Stereolithography Apparatus (SLA).
- Powder Bed Fusion. Laser-Based.
- Material Jetting.
- Binder Jetting.
- Directed Energy Deposition (DED).
- Sheet Lamination.
- Some New 3D Printing Technologies.
Adoption of 3D Printing Technology in the Healthcare Sector is Growing Improving 3D Printing Materials Market Price
Bio-based materials are gaining popularity in the healthcare industry. In the medical field, 3D printing technology can be used to create surgical tools, prosthetics, and patient-specific replicas of bones, organs, and blood vessels. Increased demand for implants, as well as an increase in the number of surgeries and other medical procedures, are expected to fuel the use of 3D printing technology in the coming years. This is expected to drive market expansion during the forecast period.
Market vendors are focused on producing safe and compatible materials, as incompatibility can result in a foreign body reaction in a patient. This can cause inflammation, slowed wound healing, and other immunological responses. Cutting-edge technologies are finding their way into dentistry. Computer-aided Design and Manufacturing (CAD/CAM) techniques are used to create customised dental implants and other dental tools using Additive Manufacturing (AM). As a result, the rise in demand for dental implants is expected to drive the development of the 3D printing materials market during the forecast period.
Increase in 3D Printing Technology Investment
3D printing is widely used in a variety of industrial processes, including prototyping, tooling, and end-part manufacturing. 3D printing is increasingly being used by hardware manufacturers for prototyping, design and testing, and short-run manufacturing. Additive manufacturing can improve manufacturing capabilities by lowering costs and speeding up various processes. As a result, several countries around the world are investing heavily in 3D technologies, which is expected to have a positive impact on the growth of the 3D printing materials market in the coming years.
The 2018 budget of the United States Department of Defence supported increased use of 3D printing and additive manufacturing, setting aside US$ 13.2 billion for 3D printing. China is taking similar steps to keep its industrial sector competitive in the global 3D printing market. According to a Materialise NV survey conducted in 2019, 30% of Chinese manufacturers believe that 3D printing will become as important as, if not more important than, traditional manufacturing technologies. Earlier this year, the South Korean government announced a 10-year plan to promote and develop 3D printing as a new growth market. Such public investments are expected to fuel the global 3D printing materials industry in the coming years.
3D printing is widely used in the aerospace industry.
According to the most recent 3D printing materials market trends, the aerospace application segment will account for a significant 26.8% share in 2022. It is expected to be worth $4.2 billion by 2028. The aerospace industry is a significant 3D printing material consumer. Traditional methods cannot be used to prototype and manufacture complex geometrical parts and niche low-volume parts using 3D printing. It reduces component manufacturing lead time.
Report coverage & details:
|
Report Coverage |
Details |
|
Forecast Period |
2023–2029 |
|
Base Year |
2022 |
|
Market Size in 2022 |
USD 2 billion |
|
Market Size in 2028 |
USD 6 billion by 2028 |
|
CAGR |
23 % |
|
No. of Pages in Report |
150 |
|
Segments Covered |
Type, Farm, Technology, Applications and Region |
|
Drivers |
|
|
Restraints |
|
|
Opportunities |
|
|
Challenges |
|
Top Key Players of 3D Printing Materials Market
- Arkema S.A.
- Sandvik AB
- Stratasys Ltd.
- General Electric
- 3D System
- ExOne Company
- EOS GmbH Electro Optical Systems
- Materialise NV
- Royal DSM
- Höganäs AB.
Browse Detailed Summary of Research Report with TOC
https://exactitudeconsultancy.com/reports/1804/3d-printing-material-market/?mode=P166
Key Market Segments: 3D printing material Market
3D Printing Material Market by Type 2019-2028, (In USD Million)
- Plastic
- Metal
- Ceramic
- Others
3D Printing Material Market by Form, 2019-2028, (In USD Million)
- Filament
- Powder
- Liquid
3D Printing Material Market by Technology, 2019-2028, (In USD Million)
- FDM
- SLS
- SLA
- DMLS
- Others
3D Printing Material Market by Application, 2019-2028, (In USD Million)
- Prototyping
- Manufacturing
- Others
3D Printing Material Market by End User, 2019-2028, (In USD Million)
- Aerospace & Defense
- Healthcare
- Automotive
- Consumer Goods
- Construction
- Others
Market Dynamics
Market Drivers
- The Advantages of Additive Manufacturing in the Automotive Industry
Because of the growing demand for 3D printing technologies, the aerospace, defence, and automotive industries, in particular, are driving the demand for 3D printing materials. 3D printing, also known as additive manufacturing, has opened up new possibilities for the design of high-tech products in the automotive industry. With additive manufacturing, safer, stronger, and lighter products can be designed in less time and at a lower cost. The ability to freely create new designs is a key factor in the growth of 3D printing in the aerospace and defence industries. Manufacturers no longer have to spend as much time or money on the supply chain as a result of streamlining the manufacturing process.
- The electronics industry has a promising future.
3D printing has the potential to significantly improve the development of consumer goods and electronics. Prototyping is changing the way electronics are developed. One of its primary advantages is that it enables businesses to internally prototype electrical devices and PCBs, reducing the need for external PCB fabrication services. The use of 3D printers and materials increases design flexibility in the electronics industry. A variety of consumer items are being produced using 3D materials and tools, including eyeglasses, a carbon fibre bike, mascara brushes, helmet liners, insoles, and eyewear. The manufacturers' high flexibility and improved CAD design tools enable them to create any desired product form.
Market Restraint
- High capital costs
Material costs make 3D printing more expensive than other manufacturing methods, creating a significant market barrier. The increased cost is due to 3D printing's stringent requirements for material purity and uniformity of composition. Metal materials for 3D printing are impractical due to the high cost of the finished product, which typically ranges from USD 250 to USD 500 per kilogramme. When compared to traditional production methods, the materials used in automobile industrial-grade 3D printers are very expensive. Furthermore, because they require specialised components, equipment, and high-voltage power sources, 3D printers are difficult to use and control.
Market Opportunity
- Recent Innovations Making 3D Printing Available for Medical Applications
New biocompatible 3D printing materials are expanding 3D printing's medical applications. Using additive manufacturing (also known as 3D printing), surgeons can create precise replicas of a patient's bones and organs, as well as custom cutting and drill guides. Specialised 3D printing for medical applications now accounts for nearly 16% of the industry. Prototypes can be created quickly during the design phase before production begins due to the nature of 3D printing materials and machinery. These materials are used extensively in the automotive and aerospace industries, for example. The method not only has the advantage of lower costs and production viability, but it also produces complex pieces very efficiently.
Frequently Asked Questions
- What was the size of the 3D printing materials market in 2022?
- What would be the CAGR of the industry during the forecast period?
- What are the key driving factors of 3D printing materials business?
- Which product segment contributed to largest share in 2022?
- Which region is more attractive for 3D printing material vendors?
- Who are the key players in the 3D printing materials industry?
Have a Look at Chemical and Material Domain Research Reports: Exactitude Consultancy
3D Printing Filament Market by Type (Plastics, Metals, Ceramics), by Application (Aerospace & Defense, Automotive, Medical & Dental, Electronics) and by Region, Global Trends and Forecast from 2023 to 2029
3D Printing Metals Market by Form (Filament, Powder), by Product (Titanium, Nickel, Stainless Steel, Aluminium), by Application (Aerospace & Defense, Automotive, Medical & Dental) and Region, Global trends and forecast from 2023 to 2029
Biocompatible 3D Printing Materials Market by Type (Polymer, Metal), Application (Implants & Prosthesis, Prototyping & Surgical Guides, Tissue Engineering, Hearing Aid), Form (Powder, Liquid) and by Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Global trends and forecast from 2023 to 2029
3D Concrete Printing Market by Offering (Printing Services, Materials) Technique (Extrusion Based, Powder Based) End User (Building, Manufacturer) and by Region (North America, Europe, Asia Pacific, South America, Middle East and Africa) Global Trends and Forecast from 2023 to 2029
3D Printing Construction Market by Construction Method (Extrusion, Powder Bonding) Material Type (Concrete, Metal, Composite) End User (Building, Infrastructure) and by Region (North America, Europe, Asia Pacific, South America, Middle East and Africa) Global Trends and Forecast from 2023 to 2029
Source: PR newswire
