3D printing (additive manufacturing) is a process of using 3D printers to create or manufacture a 3D object layer-by-layer. These objects are generated by using a digital model of the desired object. 3D printing (additive manufacturing) is a fast growing sector with a huge scope for product and technological innovations. It finds applications in varied sectors including, but not limited to, aerospace, healthcare, automotive, dental, defense, food and beverages, and construction. 3D printing (additive manufacturing) is widely considered as a low cost alternative to create technologically and structurally complex products. These processes rely on 3D rendering software, 3D printers, and are easily customizable. Advanced technology in 3D printing (additive manufacturing) makes the manufacturing processes easier and cost-effective compared to traditional production processes. Financial and regulatory support from governments across the world are making the 3D printing (additive manufacturing) processes widespread and easily accessible.
3D printing (additive manufacturing) can be used in medical industries for the production of numerous end-use products. These products include surgical instruments, implants, prosthetics, and scaffolds. Rising need for technologically advanced surgical equipment and instruments is boosting the 3D printing (additive manufacturing) market. 3D printing can be used as a great tool for additive manufacturing. Integration of 3D printing (additive manufacturing) in mass manufacturing processes can reduce the burden on multiple manufacturing industries. For instance, a non-profit called ‘New Story’ is working on providing homes for families living in extreme poverty. They are working with construction-tech company called ‘Icon’ to build a massive 3D printer that can ‘build’ a 4 room house under 24 hours, which would cost approximately US$ 4000.
3D printing (additive manufacturing) has also created numerous opportunities for raw material suppliers around the world. Since 3D printing can be used for producing a wide variety of products, wherein the raw materials that are utilized vary from industry to industry. Healthcare, medical, and bio-pharmaceutical manufacturers use bioinks or related bio materials to produce medical products. Aerospace, defense, and construction industries use a wide variety of materials such as plastic, carbon fiber, paper, graphite, steel, iron, and specialized polymers. Rising adoption and fast paced integration of 3D printing (additive manufacturing) in manufacturing processes is anticipated to drive the demand for various raw materials.