Photopolymers Market to Grow with a CAGR of 6.09% through 2028
Rising demand in automotive and healthcare sectors are factors driving the Global Photopolymers Market in the forecast period 2024-2028
According to TechSci Research report, “Photopolymers Market – Global Industry Size, Share, Trends, Competition Forecast & Opportunities, 2028”, the Global Photopolymers Market stood at USD 1856.32 million in 2022 and is anticipated to grow with a CAGR of 6.09% through 2028. Photopolymers have earned their reputation as game-changers, primarily due to their pivotal role in 3D printing. This innovative technology has disrupted traditional manufacturing processes, offering unprecedented possibilities to create complex, custom, and highly detailed objects with remarkable speed and precision.
Moreover, when subjected to these light sources, photopolymers undergo a chemical reaction that transforms them from a liquid or gel-like state into a solid, three-dimensional structure. This process, known as photopolymerization, enables layer-by-layer construction of intricate objects, making it a cornerstone of 3D printing technologies like Stereolithography (SLA) and Digital Light Processing (DLP).
Furthermore, photopolymer-based dental resins can achieve astonishingly accurate fits, ensuring that crowns, bridges, and implants seamlessly integrate into a patient's natural dentition. This precision not only improves the patient's oral health but also enhances the overall aesthetics, a crucial consideration in modern dentistry.
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The Global Photopolymers Market is segmented into performance, technology, application, regional distribution, and company.
Based on performance, high segment has emerged as the predominant market leader. High-performance 3D printing encompasses technologies renowned for their exceptional attributes, including rapid production, pinpoint accuracy, extensive material choices, and top-tier print quality. These cutting-edge 3D printing methods encompass Selective Laser Melting (SLM), Electron Beam Melting (EBM), Continuous Liquid Interface Production (CLIP), and Multi-Material 3D Printing. Mid-performance 3D printing, on the other hand, strikes a balance between cost-effectiveness and performance. This category encompasses technologies such as Digital Light Processing (DLP), Multi Jet Fusion (MJF), Poly Jet, and Bound Metal Deposition (BMD) as offered by Desktop Metal. While they provide commendable printing speed, precision, and material versatility, they do not reach the pinnacle of performance seen in advanced or industrial-grade systems.
Furthermore, low-performance 3D printing refers to less advanced iterations of 3D printing technologies characterized by limited speed and accuracy, as well as compatibility with a limited range of materials. Methods falling within this category include Fused Deposition Modeling (FDM), Selective Laser Sintering (SLS), and binder jetting. However, the growing demand for robust 3D-printed products that can be produced efficiently has prompted 3D printer manufacturers and technology providers to introduce highly sophisticated 3D printing equipment specifically designed for the production of these items.
Based on technology, SLA segment has emerged as the predominant market leader. SLA stands as the prevailing 3D printing technology on a global scale, widely adopted for the creation of three-dimensional objects. This method employs laser light sources to execute the 3D printing process. Over recent years, there has been a substantial surge in the worldwide demand for SLA-based 3D printing. This surge can be attributed to the technology's remarkable capacity to produce components within the range of 25 to 300 microns with a high XY resolution. It does so by utilizing plastic resins and photopolymers. In stark contrast to the conventional SLA-based 3D printing technology, digital light processing (DLP)-based 3D printing takes a different approach. Here, arc lamps serve as the light source for the creation of 3D printed objects, as opposed to laser beams. DLP-based 3D printing is particularly well-suited for crafting intricate resin designs, finding applications in industries such as jewelry, toys, figurines, dental molds, and more.
Furthermore, continuous digital light processing (cDLP) stands out as a vat-polymerization-based 3D printing technology, offering high-volume and scalable component production capabilities. Its precision surpasses that of traditional DLP-based 3D printing. This superiority stems from its immediate product ejection process, which employs an oxygen (O2) membrane to prevent the formation of a vacuum during the printing operation.
Based on application, the dental segment commands the highest share of revenue. Photopolymers have emerged as game-changers in the field of dentistry, offering a plethora of benefits that have revolutionized dental practices and patient care. These remarkable light-sensitive materials have reshaped the way dental professionals’ approach various procedures, from restorative dentistry to orthodontics and prosthetics. One of the standout advantages of photopolymers in dentistry is their exceptional precision. Dental restorations, such as fillings and crowns, demand a high degree of accuracy to ensure a perfect fit and alignment with the patient's natural teeth. Photopolymer-based composites excel in this regard, as they can be precisely color-matched to blend seamlessly with the patient's dentition. This results in aesthetically pleasing restorations that are virtually indistinguishable from natural teeth, enhancing the patient's smile and confidence
Based on region, Europe took center stage as the leading contender in the Global Photopolymers Market. In Europe, the demand for photopolymers has been on a steady rise, driven by a range of industries and applications that have recognized the transformative potential of these light-sensitive materials. The continent's manufacturing sector, including the automotive and aerospace industries, has increasingly turned to photopolymers for rapid prototyping and the production of intricate components. The ability of photopolymer-based 3D printing technologies to deliver precision, speed, and versatility has positioned them as invaluable tools in these industries, reducing lead times and costs while enabling the creation of complex parts with ease. The healthcare sector in Europe has also witnessed a surge in demand for photopolymers, particularly in dentistry and orthopedics. The technology's precision and biocompatibility make it an ideal choice for creating custom dental implants, prosthetics, and orthodontic devices, meeting the growing demand for personalized healthcare solutions. Additionally, photopolymers have found applications in the production of medical equipment and diagnostic devices, further fueling their adoption across the healthcare landscape.
Major companies operating in
Global Photopolymers Market are:
- Henkel AG & Co. KGaA
- Arkema S.A.
- Evonik Industries AG
- BASF SE
- ANYCUBIC Technology Co., Ltd.
- Keystone Industries
- Stratasys Ltd.
- Liqcreate
- Photocentric Ltd., U.K.
- Carbon, Inc.
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“With advancements in 3D printing technologies and an increasing demand for precise, customized, and sustainable manufacturing solutions, photopolymers are poised for substantial growth. Industries such as healthcare, automotive, aerospace, and art and design have only scratched the surface of the potential applications of photopolymers. Additionally, Artists and designers are increasingly leveraging photopolymers to push the boundaries of creativity, producing intricate sculptures, jewelry, and architectural models with unprecedented detail that creates a lucrative opportunity in the market growth,” said Mr. Karan Chechi, Research Director with TechSci Research, a research-based management consulting firm.
“Photopolymers Market By Performance (Low, Mid, High), By Technology ((SLA, DLP, cDLP), By Application (Dental, Medical, Audiology, Jewellery, Automotive, Others), By Region, By Competition Forecast & Opportunities, 2018-2028F”, has evaluated the future growth potential of Global Photopolymers Market and provides statistics & information on market size, structure, and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in Global Photopolymers Market.
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