Despite a market slowdown in 2023, the additive manufacturing (AM) industry continued to grow strongly. AM Research, a market analysis firm, recently released its Q1 2024 3D Printing Market Data and Written Analysis Report, showing that the global 3D printing industry generated $3.47 billion in total revenue for the first quarter, an 8% increase compared to the same period last year. While sales of printing equipment slowed, the consumption of materials and services, especially in the dental market, expanded significantly.
Scott Dunham, Executive Vice President of AM Research, commented on the new market trends, stating: “Stakeholders in the AM field have realized that it is extremely challenging to make additive manufacturing technology meet every manufacturing possibility and achieve success. This means that in the current environment, each period will have its winners and losers interms of application maturity, with some segments performing strongly while others lag behind. Although many companies indicate that backlogs and order situations may improve in the second half of the year, we remain cautious about expecting a significant rebound in the latter half of this year.”
This trend is particularly relevant for the UV-curable resin industry. The increasing demand for materials in 3D printing, especially for high-precision applications like dental prosthetics, aligns with the benefits of UV-curable resins. These resins offer rapid curing times, high resolution, and strong mechanical properties, making them ideal for detailed and durable 3D printed parts.
With the expanding applications of 3D printing in various industries, the need for advanced materials like UV-curable resins is expected to rise. This not only opens up new opportunities for resin manufacturers but also pushes the development of innovative products tailored to the specific requirements of additive manufacturing.
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Post time: Jul-26-2024