PUBLISHER: Coherent Market Insights | PRODUCT CODE: 1461299
PUBLISHER: Coherent Market Insights | PRODUCT CODE: 1461299
The rapid liquid printing market is estimated to be valued at USD 60.7 Mn in 2024 and is expected to reach USD 251.5 Mn by 2031, growing at a compound annual growth rate (CAGR) of 22.5% from 2024 to 2031.
Report Coverage | Report Details | ||
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Base Year: | 2023 | Market Size in 2023/2024: | US$ 60.7 Mn |
Historical Data for: | 2019 to 2023 | Forecast Period: | 2024 to 2031 |
Forecast Period 2023/2024 to 2030/2031 CAGR: | 22.50% | 2030/2031 Value Projection: | US$ 251.5 Mn |
Rapid liquid printing is an additive manufacturing technology that utilizes liquid moldable materials such as polymers, metals, ceramics, and biological substances to fabricate complex 3D objects in a layer-by-layer fashion. It has gained traction in various industries, such as automotive, aerospace, healthcare, and consumer products, due to its ability to create precise and detailed functional parts and prototypes. The technology works by depositing liquid photopolymers through a printhead nozzle that gets exposed to UV light in predefined geometry which hardens it in a layer-by-layer manner. It allows manufacturing of parts with resolutions reaching sub-micron levels.
The rapid liquid printing market is driven by factors such as growing demand for customized and personalized products, cost and time savings benefits over traditional manufacturing techniques. The reduction in lead times and cost per part enables mass customization for varied industries. However, high initial investment costs for rapid liquid printing machinery and limited availability of liquid moldable materials with desired properties act as restraints. Adoption of hybrid additive manufacturing technologies integrating different techniques and ongoing R&D to enhance print quality, printing speed, and material properties presents key opportunities.