Lucintel's latest market report analyzed that 3D printing materials in the global automotive provides attractive opportunities in prototyping & tooling, research, development & innovation, and manufacturing complex component applications. The 3D printing materials in the global automotive market is expected to reach $0.58 billion by 2028 with a CAGR of 16.1%. In this market, stereolithography is the largest segment by technology, whereas prototyping & tooling is largest by application.
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Based on technology, the 3D printing materials in the global automotive market is segmented into stereolithography, selective laser sintering, electron beam melting, fused deposition modeling, laminated object manufacturing, etc. The stereolithography segment accounted for the largest share of the market in 2023 and is expected to register the highest CAGR during the forecast period, due to its widespread application as an additive production method for developing lightweight, high precision, and precise vehicle parts.
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The 3D Printing Materials in the Global Automotive Market is marked by the presence of several big and small players. Some of the prominent players offering 3D printing materials in the global automotive include 3D Systems Corporation, Autodesk, Envisiontec, Polymaker, and Ponoko.
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