BASF SE (Ludwigshafen) and BASF SE (Ludwigshafen) are the Leading Player in the 3D Printing Elastomers Market
The market size of 3D printing
elastomers is estimated at USD 162 million in 2021 and is projected to reach
USD 583 million by 2026, registering a CAGR of 29.1% from 2021-2026. The high
growth can be attributed to an increase in demand from different end-use
industries and the ease of printing at a lower cost. The automotive segment
accounted for more than 33% share in the overall market, in terms of value, in
2020.
Carbon Inc (US)., Formlabs (US), BASF
SE (Germany), 3D Systems Inc. (US), Stratasys Ltd.(Israel), Proto Labs Inc.
(US), Henkel (Germany), Materialise NV (Belgium), EOS (Germany), Dow Chemical
Company(US) Evonik Industries AG (Germany), Arkema SA (France), Sinterit
(Germany), The Lubrizol Corporation (US), ExOne (US), Zortrax (Poland), HP
Development Company, L.P. (US), LANXESS (Germany), Voxeljet AG (Germany),
Impossible Objects (US), and EnvisionTEC (Germany) are some of the
leading players in the 3D printing elastomers market.
These players have adopted product launches, collaborations, partnerships,
expansions, acquisitions, agreements, joint ventures, and investments as the
main strategies for enhancing their business revenues and market shares.
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BASF SE (Ludwigshafen), is the
leading player in the global 3D printing elastomers market. In November 2020,
Forward AM by BASF SE entered in a partnership with Photocentric Ltd. to launch
a new Daylight Product Line (Ultracur3D EPD) for 3D printing applications such
as prototyping, engineering, and serial production of automotive parts. These
resins offer high stiffness and flexibility to the printed parts.
Another important player in the global
3D printing elastomers market is 3D Systems Inc. (South Carolina). In November
2019, the company announced the addition of VisiJet M2S-HT90 to its
engineering-grade plastics product portfolio. VisiJet M2S-HT90 is strong,
rigid, transparent material with high Heat Deflection Temperature (HDT) and
meets USP Class VI standards for biocompatibility, which makes it suitable for
automotive, consumer goods, and healthcare applications. The company also
announced the addition of eight other materials for a range of applications,
including Figure 4 PRO-BLK 10, Figure 4 HI TEMP 300-AMB, Figure 4 EGGSHELL-AMB
10, Figure 4 FLEX-BLK 20, Figure 4 MED-AMB 10, Figure 4 MED-WHT 10, Figure 4
TOUGH-BLK 20, and Figure 4 RUBBER-BLK 10. Thus, the addition of a wide range of
products is expected to strengthen the 3D printing product portfolio of the
company.
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