3D Printing Elastomers Market worth $583 Million by 2026 - Exclusive Report by MarketsandMarkets
"3D Printing Elastomers Market by Form (Powder, Filament, Liquid), Material (TPE, SBR & SBS), Technology (FDM/FFF, SLA, SLS, DLP),End-use Industry (Automotive, Consumer Goods, Aerospace & Defense, Medical & Dental), Region - Global Forecast to 2026", published by MarketsandMarkets, the 3D Printing Elastomers Market is projected to grow from USD 162 million in 2021 and is projected to reach USD 583 million by 2026, registering a CAGR of 29.1% from 2021-2026.
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The growing adoption of home 3D printers in the North American and European regions is one of the major factors augmenting the demand for 3D printing elastomers.
By material, TPE is estimated to be the leading segment of 3D printing elastomers market from 2021 to 2026, in terms of value and volume.
Based on material, the 3D printing elastomers market has been segmented into thermoplastic elastomer (TPE), styrene-butadiene rubber (SBR) & styrene-butadiene-styrene (SBS), and others. The TPE segment is further sub-segmented into thermoplastic polyurethane (TPU) and thermoplastic vulcanizate (TPV). Under the TPE segment, TPU dominated the 3D printing elastomers market in 2020 and is estimated to maintain its dominance during the forecast period. The high demand for TPU materials is due to their superior properties when compared to TPV and other thermoplastic elastomers. They offer higher strength, flexibility, and durability than TPV.