Market Dynamics: Photopolymer Resin Market Capitalization, Research Analysis, Product Manufacturing, Top Players & Regions (Forecasting 2018-2023)
Photopolymer Resin Market report provides emerging opportunities in the market and the future impact of major drivers and challenges and, support decision makers in making cost-effective business decisions. Photopolymer Resin Market analyse factors that effect demand for Photopolymer Resin, driving factors, trends, and challenges faced by industry vendors, regional analysis, Segment by Type, Applications of whole Photopolymer Resin industry.
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Description of Photopolymer Resin Market: The global photopolymer resin market is expected to witness a CAGR of more than 20% during the forecast period, majorly driven by increasing demand of photopolymers in the 3D printing applications. The increasing use of these resins in electronics industry is also likely to stimulate the market growth.
Increasing Demand for 3D Printing Application Driving the Market
Liquid photopolymers are widely used in the 3D printing industry. These polymers are used in printing technologies such as 3D jetted printing. Printing newspapers and boxes also use photopolymers. Epoxy-based systems and hybrids are now preferred to older acrylates in 3D printing because of their higher strength, higher temperature resistance, lower moisture absorption and lower shrinkage. Currently 98% of the hearing aids across the globe is manufactured with the help of 3D printing. Smartphones manufacturers are also using the 3D printing technology to manufacture the components of smartphones. With the growing use of 3D printing technology across various applications, the market for photopolymers is likely to grow during the forecast period.
3D Printing in Healthcare is Likely to Drive the Market
The 3D printing technology has recently gained traction in the medical and healthcare industry. This technology is used in various applications in the medical industry, such as tissue and organ fabrication, personalized medicines, and medical devices and tools. Plastics is the most commonly used material for 3D printed medical devices, contributing over 70% of the share. Photopolymers are gaining attention over thermoplastics driven by their attractive properties, such as improved thermal resistance, improved elasticity, and higher impact strength. Acrylate resins are preferred over epoxy resins for 3D printing of medical devices due to their higher cytotoxicity and low curing time.
Medical Devices Industry Making North America the Dominant Market
In terms of consumption in 2017, North America held a significant market share, followed by Europe. North America and Europe is expected to account to around two-third of the total 3D printing market. The high usage of these resins in these regions can be attributed to the increasing expenditure for research and the high penetration of technology. Asia-pacific is expected to grow at the fastest rate, led by constructive government initiatives and financial support for further developing medical device applications via 3D printing technology. In China, government has invested more than USD 6 billion for the R&D of medical devices.
Global Photopolymer Resin Market: Manufacturers Segment Analysis (Company and Product introduction, Photopolymer Resin Sales Volume, Revenue, Price and Gross Margin):
Photopolymer Resin Market report passes on a fundamental overview of the Market including its definition, applications and advancement. Furthermore, the Industry report investigates the ecumenical Major Photopolymer Resin Market players in detail. Photopolymer Resin Market report gives key bits of Cautiousnessand subsisting status of the Players and is a basic Source obviously and heading for Companies and people energized by the Industry.
Reason to Purchase this ReportTo understand the impact of various form on the marketAnalyzing various perspectives of the market with the help of Porter’s five forces analysisTo understand the dominating form and application in the marketCountries expected to witness the fastest growth during the forecast periodIdentifying the latest developments, market shares, and strategies employed by the major market players3-month analyst support, along with the Market Estimate sheet in excel
The Global demand for Photopolymer Resin Market is forecast to report strong development driven by consumption in major evolving markets. More growth opportunities to come up between 2018 and 2025 compared to a few years ago, signifying the rapid pace of change.
Photopolymer Resin Market Historic Data (2012-2018):
- Industry Trends: Status and Outlook.
- Competitive Landscape: By Manufacturers, Development Trends.
- Product Revenue for Top Players: Market Share, Growth Rate, Current Market Situation Analysis.
- Market Segment: By Types, By Applications, By Regions/ Geography.
- Sales Revenue: Market Share, Growth Rate, Current Market Analysis.
Photopolymer Resin Market Forecast (2018-2025):
- Market Size Forecast: Overall Size, By Type/Product Category, By Applications/End Users, By Regions/Geography.
- Key Data (Revenue): Market Size, Market Share, Growth Rate, Growth, Product Sales Price.
Photopolymer Resin Market Influencing Factors:
- Market Environment: Government Policies, Technological Changes, Market Risks.
- Market Drivers: Growing Demand, Reduction in Cost, Market Opportunities and Challenges.
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In addition, company-to-company comparison (Company benchmarking) and product-to-product comparison (Product benchmarking) are included in the research work. It presents key competitive factors that are vital for companies to excel in challenging market conditions.