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05 Feb
Blog

3D Printing Filament Market Is Projected To Attain USD 4.Four Billion By 2023, At A CAGR Of 27.1% From USD 1.Three Billion

(MENAFN – Comserve) Shibuya-ku, Tokyo, Japan, Japan, February 5, 2021, 10:30 a.m. / Comserve / – The world’s leading manufacturers of 3D printing filaments featured in this report are Stratasys, Ltd. (USA). 3D Systems Corporation (USA), Arkema SA (France), Koninklijke DSM NV (Netherlands), Materialize NV (Belgium), Evonik Industries AG (Germany)

The 3D printing filament market is estimated at $ 1.3 billion in 2018 and is projected to reach $ 4.4 billion by 2023, which is an annual growth rate of 27.1% from 2018 to 2023. Key factors expected to drive the 3D printing filament market include increasing applications in various end-use industries and increasing awareness of the use and benefits of 3D printing technology. High installation and operating costs of 3D printing devices are some of the main restraints for the growth of the 3D printing filament market.

The leading global manufacturers of 3D printing filaments featured in this report are Stratasys, Ltd. (USA), 3D Systems Corporation (USA), Arkema SA (France), Koninklijke DSM NV (Netherlands), Materialize NV (Belgium) and Evonik Industries AG (Germany), SABIC (Saudi Arabia), Clariant (Switzerland), HP Inc. (USA) and DowDuPont (USA).

Please fill out the form to receive a sample copy of this report:

“The final report will cover the impact analysis of COVID-19 on this industry (global and regional market).”

‘Plastics are expected to be the most widely consumed material in filament form in the 3D printing filament market over the forecast period.

Depending on their type, plastics are the most consumed and most frequently used material in filament form compared to other materials due to their feasibility, availability, properties and economy. Among the plastics, ABS and PLA are the most widely used materials. The ceramic material market is expected to grow at the highest CAGR during the forecast period.

‘The aerospace and defense industry segment is expected to lead the 3D printing filament market over the forecast period.
The aerospace and defense industries are expected to lead the 3D printing filament market during the forecast period. This growth is due to the increasing global demand for 3D printing filaments mainly in plastic form. Additionally, increasing applications in various end-use industries such as aerospace and defense, healthcare, fashion, education, and others are expected to drive the growth of the 3D printing filament market. In addition, growing demand from developed regions such as North America and Europe is expected in this industry.

‘The Asia-Pacific region is expected to be the fastest growing market for 3D printing filaments over the forecast period.
Due to technological advancement and growth in various end-use industries such as aerospace and defense, North America is expected to lead the 3D printing filament market during the forecast period. The Asia Pacific 3D Printing Filament market is expected to grow at the highest CAGR over the forecast period as people become increasingly informed about the benefits of 3D printing technology, materials and services.

Breakdown of Primary Interviews for the Report on the 3D Printing Filament Market:

  • By type of company: Tier 1 11.1%, Tier 2 33.3% and Tier 3 55.6%
  • By designation: C-Level 20.0%, Director Level 10.0% and other 70.0%
  • By region: North America 35.7%, Europe 28.6%, Asia-Pacific 14.3%, Middle East and Africa 14.3% and South America 7.1%

Please fill out the form to receive a sample copy of this report:

“The final report will cover the impact analysis of COVID-19 on this industry (global and regional market).”

Research reporting:
The report covers 3D Printing Filaments market by type, end-use industry and region. This report aims to estimate the size and future growth potential of the 3D Printing Filaments market across different types of segmentation. The report also includes an in-depth competitive analysis of the major market players along with their profiles and growth strategies.

Main benefits of purchasing the report
From an insight perspective, this report focused on various levels of analysis, including industry analysis (industry trends) and company profiles. These insights together encompass and discuss fundamental views of the competitive landscape, emerging and high-growth segments of the 3D printing filament market, high-growth regions, and drivers, restraints, opportunities and challenges in the 3D printing filament market.

The report provides insights into the following notices:

  • Market Penetration: Comprehensive information on different types of 3D Printing Filament offered by top players in the 3D Printing Filament Market
  • Product Development / Innovation: Detailed insights into upcoming 3D printing technologies and materials, R&D activities and new applications in various end-use industries in the 3D printing filament market
  • Market Development: Comprehensive information on the lucrative and emerging markets. The report analyzes the 3D printing filament markets across different regions.
  • Market Diversification: Comprehensive information on new products, untapped regions, recent developments and investments in the 3D printing filament market
  • Competitive Assessment: In-depth assessment of the strategies, products and manufacturing capabilities of leading companies in the 3D Printing Filament market

TABLE OF CONTENTS

1 INTRODUCTION 20
1.1 AIMS OF THE STUDY 20
1.2 MARKET DEFINITION 20
1.3 MARKET SCOPE 21
1.3.1 YEARS FOR THE STUDY 21
1.4 CURRENCY 22
1.5 UNIT CONSIDERED 22
1.6 STAKEHOLDERS 22
2 RESEARCH METHODOLOGY 23
2.1 RESEARCH DATA 23
2.1.1 SECONDARY DATA 24
2.1.1.1 Key data from secondary sources 24
2.1.2 PRIMARY DATA 25
2.1.2.1 Key data from primary sources 25
2.1.2.2 Important insights into the industry 26
2.1.2.3 Breakdown of the primary interviews 26
2.2 ESTIMATE OF MARKET SIZE 27
2.3 DATA TRIANGULATION 28
2.4 RESEARCH ASSUMPTIONS AND LIMITATIONS 29
2.4.1 ASSUMPTIONS AND RESTRICTIONS 29
2.4.2 GROWTH SCENARIO 29
3 EXECUTIVE SUMMARY 30
4 PREMIUM INSIGHTS 32
4.1 ATTRACTIVE OPPORTUNITIES ON THE 3D PRINTING FILAMENT MARKET 32
4.2 3D PRINTING FILAMENT MARKET ACCORDING TO TYPE 32
4.3 3D PRINTING FILAMENT MARKET BY TYPE AND COUNTRY 33
5 MARKET OVERVIEW 34
5.1 MARKET DYNAMICS 34
5.1.1 DRIVER 35
5.1.1.1 Rising demand from the aerospace and automotive industries 35
5.1.1.2 Increased Demand for 3D Printing Plastic Filaments from Industry for Mass Production 35
5.1.1.3 Increased demand for product modification and development 36
5.1.2 RESTRICTIONS 36

Please fill out the form to receive a sample copy of this report:

“The final report will cover the impact analysis of COVID-19 on this industry (global and regional market).”

The dynamism of the business environment in the current global economy increases the need among business people to be aware of current market situations. To meet these demands, Shibuya Data Count offers market research reports for various business professionals from various industries such as Healthcare & Pharma, IT & Telecommunications, Chemicals & Advanced Materials, Consumer Goods & Food, Energy & Energy, Manufacturing & Construction, Industrial Automation & Equipment, and Agriculture & related activities among others.

For more information, please contact:

Hina Miyazu

Shibuya data number
E-mail:
Tel .: + 81 3 45720790

MENAFN05022021004694010674ID1101554490

Disclaimer: MENAFN provides the information “as is” without any guarantee. We assume no responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this item, please contact the above provider.

Source Link

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05 Feb
Blog

3D Printing Filament Market Is Projected To Attain USD 4.Four Billion By 2023, At A CAGR Of 27.1% From USD 1.Three Billion

(MENAFN – Comserve) Shibuya-ku, Tokyo, Japan, Japan, February 5, 2021, 10:30 a.m. / Comserve / – The world’s leading manufacturers of 3D printing filaments featured in this report are Stratasys, Ltd. (USA). 3D Systems Corporation (USA), Arkema SA (France), Koninklijke DSM NV (Netherlands), Materialize NV (Belgium), Evonik Industries AG (Germany)

The 3D printing filament market is estimated at $ 1.3 billion in 2018 and is projected to reach $ 4.4 billion by 2023, which is an annual growth rate of 27.1% from 2018 to 2023. Key factors expected to drive the 3D printing filament market include increasing applications in various end-use industries and increasing awareness of the use and benefits of 3D printing technology. High installation and operating costs of 3D printing devices are some of the main restraints for the growth of the 3D printing filament market.

The leading global manufacturers of 3D printing filaments featured in this report are Stratasys, Ltd. (USA), 3D Systems Corporation (USA), Arkema SA (France), Koninklijke DSM NV (Netherlands), Materialize NV (Belgium) and Evonik Industries AG (Germany), SABIC (Saudi Arabia), Clariant (Switzerland), HP Inc. (USA) and DowDuPont (USA).

Please fill out the form to receive a sample copy of this report:

“The final report will cover the impact analysis of COVID-19 on this industry (global and regional market).”

‘Plastics are expected to be the most widely consumed material in filament form in the 3D printing filament market over the forecast period.

Depending on their type, plastics are the most consumed and most frequently used material in filament form compared to other materials due to their feasibility, availability, properties and economy. Among the plastics, ABS and PLA are the most widely used materials. The ceramic material market is expected to grow at the highest CAGR during the forecast period.

‘The aerospace and defense industry segment is expected to lead the 3D printing filament market over the forecast period.
The aerospace and defense industries are expected to lead the 3D printing filament market during the forecast period. This growth is due to the increasing global demand for 3D printing filaments mainly in plastic form. Additionally, increasing applications in various end-use industries such as aerospace and defense, healthcare, fashion, education, and others are expected to drive the growth of the 3D printing filament market. In addition, growing demand from developed regions such as North America and Europe is expected in this industry.

‘The Asia-Pacific region is expected to be the fastest growing market for 3D printing filaments over the forecast period.
Due to technological advancement and growth in various end-use industries such as aerospace and defense, North America is expected to lead the 3D printing filament market during the forecast period. The Asia Pacific 3D Printing Filament market is expected to grow at the highest CAGR over the forecast period as people become increasingly informed about the benefits of 3D printing technology, materials and services.

Breakdown of Primary Interviews for the Report on the 3D Printing Filament Market:

  • By type of company: Tier 1 11.1%, Tier 2 33.3% and Tier 3 55.6%
  • By designation: C-Level 20.0%, Director Level 10.0% and other 70.0%
  • By region: North America 35.7%, Europe 28.6%, Asia-Pacific 14.3%, Middle East and Africa 14.3% and South America 7.1%

Please fill out the form to receive a sample copy of this report:

“The final report will cover the impact analysis of COVID-19 on this industry (global and regional market).”

Research reporting:
The report covers 3D Printing Filaments market by type, end-use industry and region. This report aims to estimate the size and future growth potential of the 3D Printing Filaments market across different types of segmentation. The report also includes an in-depth competitive analysis of the major market players along with their profiles and growth strategies.

Main benefits of purchasing the report
From an insight perspective, this report focused on various levels of analysis, including industry analysis (industry trends) and company profiles. These insights together encompass and discuss fundamental views of the competitive landscape, emerging and high-growth segments of the 3D printing filament market, high-growth regions, and drivers, restraints, opportunities and challenges in the 3D printing filament market.

The report provides insights into the following notices:

  • Market Penetration: Comprehensive information on different types of 3D Printing Filament offered by top players in the 3D Printing Filament Market
  • Product Development / Innovation: Detailed insights into upcoming 3D printing technologies and materials, R&D activities and new applications in various end-use industries in the 3D printing filament market
  • Market Development: Comprehensive information on the lucrative and emerging markets. The report analyzes the 3D printing filament markets across different regions.
  • Market Diversification: Comprehensive information on new products, untapped regions, recent developments and investments in the 3D printing filament market
  • Competitive Assessment: In-depth assessment of the strategies, products and manufacturing capabilities of leading companies in the 3D Printing Filament market

TABLE OF CONTENTS

1 INTRODUCTION 20
1.1 AIMS OF THE STUDY 20
1.2 MARKET DEFINITION 20
1.3 MARKET SCOPE 21
1.3.1 YEARS FOR THE STUDY 21
1.4 CURRENCY 22
1.5 UNIT CONSIDERED 22
1.6 STAKEHOLDERS 22
2 RESEARCH METHODOLOGY 23
2.1 RESEARCH DATA 23
2.1.1 SECONDARY DATA 24
2.1.1.1 Key data from secondary sources 24
2.1.2 PRIMARY DATA 25
2.1.2.1 Key data from primary sources 25
2.1.2.2 Important insights into the industry 26
2.1.2.3 Breakdown of the primary interviews 26
2.2 ESTIMATE OF MARKET SIZE 27
2.3 DATA TRIANGULATION 28
2.4 RESEARCH ASSUMPTIONS AND LIMITATIONS 29
2.4.1 ASSUMPTIONS AND RESTRICTIONS 29
2.4.2 GROWTH SCENARIO 29
3 EXECUTIVE SUMMARY 30
4 PREMIUM INSIGHTS 32
4.1 ATTRACTIVE OPPORTUNITIES ON THE 3D PRINTING FILAMENT MARKET 32
4.2 3D PRINTING FILAMENT MARKET ACCORDING TO TYPE 32
4.3 3D PRINTING FILAMENT MARKET BY TYPE AND COUNTRY 33
5 MARKET OVERVIEW 34
5.1 MARKET DYNAMICS 34
5.1.1 DRIVER 35
5.1.1.1 Rising demand from the aerospace and automotive industries 35
5.1.1.2 Increased Demand for 3D Printing Plastic Filaments from Industry for Mass Production 35
5.1.1.3 Increased demand for product modification and development 36
5.1.2 RESTRICTIONS 36

Please fill out the form to receive a sample copy of this report:

“The final report will cover the impact analysis of COVID-19 on this industry (global and regional market).”

The dynamism of the business environment in the current global economy increases the need among business people to be aware of current market situations. To meet these demands, Shibuya Data Count offers market research reports for various business professionals from various industries such as Healthcare & Pharma, IT & Telecommunications, Chemicals & Advanced Materials, Consumer Goods & Food, Energy & Energy, Manufacturing & Construction, Industrial Automation & Equipment, and Agriculture & related activities among others.

For more information, please contact:

Hina Miyazu

Shibuya data number
E-mail:
Tel .: + 81 3 45720790

MENAFN05022021004694010674ID1101554490

Disclaimer: MENAFN provides the information “as is” without any guarantee. We assume no responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this item, please contact the above provider.

Source Link

21 Dec
Blog

3D Printing Filament Market Measurement Value $1.9 Billion By 2027: Grand View Analysis, Inc.

SAN FRANCISCO, December 16, 2020 / PRNewswire / – 3D Printing Filaments Market Expected to Reach Global Size $ 1.9 billion According to a new report from Grand View Research Inc., the market is expected to grow at a CAGR of 18.8% from 2020 to 2027 through 2020. Increasing improvements for aerospace and defense components, parts, and prototype models are expected to fuel demand for 3D printing filament in the estimated time. In addition, the increasing demand for durable and lightweight body parts for automobiles such as front splitters, front and rear bumper covers should support the market growth in the estimated time.

Key suggestions from the report:

  • For the plastics segment, a CAGR of 19.0% is expected in the forecast period due to its lightweight and cost-effective applications in various industries such as automotive, aerospace, defense and medicine
  • In 2019, the polylactic acid (PLA) segment dominated the market with a revenue share of 39.7% and is likely to grow significantly in the estimated duration. Made from renewable raw materials like corn starch, its use is likely to increase due to its biodegradable nature
  • The aerospace and defense application segment was rated with $ 125.2 million in 2019 and is expected to generate a higher share of sales in the coming period due to the increasing demand for precision parts and components in aircraft
  • in the Asia PacificIt is expected that the market will accelerate significantly in the estimated time due to increasing industrial manufacturing China, India, Japan, and South Korea. For example the government of China In 2017, an action plan to develop the additive manufacturing industry was released, which provides a strategic roadmap for the adoption of 3D filament printing in the nation
  • Technical know-how as well as research and development for strong and durable components offered by the players are likely to influence the market

Read the 100-page research report with ToC on “Market analysis for market size, share and trends of 3D printing filaments by type (plastics, metal, ceramics), by plastic type (polylactic acid, ABS), by application (industry, aerospace” and defense) “. By region and segment forecast, 2020 – 2027 ” at: https://www.grandviewresearch.com/industry-analysis/3d-printing-filament-market

The introduction of 3D printing to manufacture high performance components in aerospace and defense aircraft exposed to high pressure and temperature is the main driver of the market growth. In addition, low volume parts and low processing costs in the aerospace industry are expected to have a positive impact on the market. In addition, new design possibilities in connection with the application of robotics to the manufacture of end arm tools should influence the market in the planned years.

Technological advancement in the automotive industry includes body panels such as front and rear bumpers, interiors and tooling designs. The 3D printers support the entire vehicle manufacturing process and lead to the most advantageous and time-saving process in the automotive industry. Commonly printed parts in the automotive industry include brackets, fasteners, and front and rear bumper parts that have strong and durable properties. Plastics 3D printing filaments are widely used due to their low processing cost and ease of manufacture.

Prominent market players are focused on improving prototyping lead time during the manufacturing process. Various uses of 3D printing filaments include design, medicine, and prototyping and manufacturing.

Grand View Research has segmented the global 3D Printing Filament Market by Type, Plastic Type, Application, and Region:

  • 3D Printing Filament Type Outlook (Revenue, $ Mn, 2016-2027)
    • Plastics
    • Metals
    • Ceramics
    • Other
  • 3D Printing Filament Plastic Type Outlook (Sales, USD Million, 2016-2027)
    • Polylactic acid (PLA)
    • Acrylonitrile Butadiene Styrene (ABS)
    • Polyethylene terephthalate glycol (PETG)
    • Acrylonitrile styrene acrylate (ASS)
    • Other
  • Outlook for the application of 3D printing filaments (sales, million USD, 2016-2027)
    • Industrial
    • Aerospace & Defense
    • automobile
    • Healthcare
    • Other
  • Regional Outlook for 3D Printing Filaments (Revenue, Million USD, 2016-2027)
    • North America
    • Europe
      • Germany
      • United Kingdom
      • France
      • Italy
      • Spain
    • Asia Pacific
    • Central & South America
    • Middle East & Africa

List of the major players in the 3D printing filament market

  • Höganäs AB
  • 3D Systems Corporation
  • General Electric
  • Arkema SA
  • Royal DSM NV
  • Stratasys, Ltd.
  • Evonik Industries AG
  • Exon
  • Ark AB

Additional research reports on Advanced Interior Materials Industry from Grand View Research:

  • 3D Printing Materials Market – The global 3D Printing Materials market size has been estimated at $ 845.7 million in 2018 with a CAGR of 23.9% in the forecast period.
  • 3D Printing Ceramics Market – The global 3D Printing Ceramics market size has been rated with USD 20.6 million in 2018 and is expected to escalate with a lucrative CAGR of 34.0% from 2019 to 2025.
  • Coated Paper Market – The global coated paper market size has been estimated at $ 27.3 billion The increasing demand for advertising and packaging in various industries will drive product demand over the forecast period.

Get access to Grand View Compass, our BI-enabled intuitive market research database with more than 10,000 reports

Via Grand View Research

Grand View Research, a US-based research and advisory firm, provides syndicated and bespoke research reports and advisory services. Registered in California and headquartered in San FranciscoThe company comprises over 425 analysts and consultants and expands its extensive database by more than 1200 market research reports every year. These reports provide detailed analysis of 46 industries in 25 major countries around the world. Using an interactive market intelligence platform, Grand View Research helps Fortune 500 companies and renowned academic institutes understand the global and regional business environment and assess the opportunities ahead.

Contact:
Sherry James
Corporate Sales Specialist, United States of America
Grand View Research, Inc.
Phone: 1-415-349-0058
Toll Free: 1-888-202-9519
Email: sales@grandviewresearch.com
Web: https://www.grandviewresearch.com
Follow us: LinkedIn | Twitter

Logo: https://mma.prnewswire.com/media/661327/Grand_View_Research_Logo.jpg

SOURCE Grand View Research, Inc.

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PR Newswire
16 Dec
Blog

3D Printing Filament Market Dimension Value $1.9 Billion By 2027: Grand View Analysis, Inc.

TipRanks

A shift in hydrogen could push those 3 stocks higher

In a report on the alternative fuels market, National Bank of Canada’s analyst Rupert Merer examines the possibilities and possibilities of hydrogen as both an energy resource and a raw material. At the heart of the matter, he writes: “Energy market stakeholders agree that climate change is a problem and that decarbonizing our energy mix requires a diverse approach that includes H2. It is estimated that H2 could meet 15% to 25% of the world’s energy needs… ”Merer adds that H2 can reduce emissions in sectors where decarbonization is otherwise a challenge, such as the automotive industry. B. Freight logistics, collective transport and industrial heating. “What is hydrogen and why is it important? Hydrogen is the abundant element in the observable universe and a common building block in complex organic molecules. It’s found in both wood and petroleum derivatives – there’s a reason these are commonly referred to as hydrocarbons – and, along with oxygen, is part of the common water molecule. Life as we know it would not be possible without hydrogen. With that in mind, we used the TipRanks database to identify three stocks that some of Wall Street’s top analysts have used to make profits in the growing hydrogen environment. Ballard Power Systems (BLDP) First on the list is Ballard Power Systems, a hydrogen fuel cell manufacturer based in British Columbia, Canada. The company is focused on proton exchange membrane technology, one of several competing technologies in the hydrogen fuel cell market. Ballard’s PEM fuel cells are sold worldwide. To date, the company has manufactured and shipped fuel cell products valued at over 400 MW. Ballard’s fuel cells are used in traffic engineering to enable fully electric buses, commercial vehicles, trains and forklifts. Like many manufacturers who are dependent on the transportation sector, this has been a tough year for Ballard. The disruptions caused by the coronavirus hit the company in two directions: Firstly, the usual pollution in the supply and distribution chain – but Ballard also markets its products to commercial users who have been blocked due to the corona itself. In short, Ballard saw a drop in sales in the first half of 2020 that has not yet recovered. Third quarter revenue was $ 25.6 million, consistent with the first and second quarters of the year. However, Ballard’s stock price has risen and grown throughout the year despite some short-term periods of volatility. Overall, stocks have grown 170% since the start of the year. The profits show the seal of approval for hydrogen in a market that is actively looking for renewable, greener and zero-emission energy sources. Hydrogen checks all three boxes. Five-star analyst Craig Irwin, who covers Ballard for Roth Capital, sees the company in a solid position for rapid future growth. “BLDP exited third quarter 20 with $ 361 million in cash and no debt and with only $ 100 million to $ 120 million of capital needed to generate positive profits. It was clear to Mgmt that it intended to more actively evaluate M&A targets across the H2 and FC value chain […] We remain optimistic about the LT revenue growth supported by China FC’s new subsidy program and would be buyers whatever the weakness, “said Irwin. To this end, Irwin rates BLDP with a buy and its target price of 25 USD implies room for 29% growth in 2021. (To see Irwin’s track record, click here) Wall Street broadly agrees with this analysis. Over the past few months, BLDP has received 3 buy ratings and 1 hold from street analysts, with an average price target from $ 24 per share, the potential upside is ~ 24%. (See BLDP stock analysis on TipRanks) Air Products and Chemicals (APD) Air products and chemicals are primarily known as suppliers of industrial gases – making it a natural for hydrogen Product makes In its pure form, hydrogen is gaseous under “normal” conditions and APD took advantage of this natural fit earlier this year and contracted the acquisition of 5 hydrogen production facilities valued at $ 530 million. In addition to the new facilities, APD has also sealed its position as The acquisitions of PBF Energy.APD show that it is serious about becoming a long-term supplier to the hydrogen industry. APD is already a major supplier to hydrogen refineries, supplying a pure gas that can be used as in transportation fuel technology. In the final quarter of the fourth quarter of 20, APD missed profit targets but exceeded sales forecasts. Fourth quarter revenue was $ 2.32 billion, up 2% year over year and 2% over estimates. Argus analyst Bill Selesky valued APD’s overall position in the marketplace, noting, “Despite the poor results in the fourth quarter of FY20 due to the pandemic, we believe that performance will gradually improve. We also believe APD is very well positioned to handle this period given its stable cash flow, below average debt and investment grade credit rating. “Selesky gives APD shares a price target of $ 360, indicating 33% growth, and maintains a buy rating on the stock. (To see Selesky’s track record, click here.) Air Products has 11 recent ratings that break 10 to 1 into buys and holds, giving the stock a consensus rating for analysts with strong buys. The average target price is $ 311.10, which is a potential 15% increase over current levels. (See APD stock analysis on TipRanks) BP PLC (BP) Last but not least, BP is the petroleum giant. This company has a reputation in the industry for leading the move to non-petroleum renewable energy sources and has a history of initiatives in wind, solar and hydrogen energy. Last year the company joined the Global Hydrogen Council. As a major player in the natural gas market, BP is well positioned to also become a supplier of “blue” hydrogen or H2 from natural gas sources. BP is also running a project in its refinery in Lingen in northwest Germany, converting the plant to produce hydrogen from water. The project works with Orsted and when it goes fully online in 2024 it will be able to produce up to a ton of clean hydrogen per hour. Taking leadership in the renewable energy market is one way BP can support its future position. The hydrocarbon industry won’t last forever, and 2020 was a particularly difficult year. Stocks are down 36% year-to-date, and quarterly sales are down from $ 74 billion in the first quarter to $ 44 billion in the third quarter. In the third quarter, however, the company posted net income of $ 100 million after heavy losses in the second quarter. Sam Margolin, 5-star analyst at Wolfe Research, wrote after the quarterly report on BP: “Our instinct is that the underlying O&G story has an impact on short-term stock performance, although Lingen’s announcement is positive for BP. as it reflects the company’s ability to work with industry leaders to advance its net-zero plan. “Margolin is bullish on BP and his stance shows an outperformance (ie buy) valuation. His target price of USD 31 implies an upward movement of 41% in the coming year. (To view Margolin’s track record, click here.) Overall, BP has a moderate buy rating from analyst consensus based on 6 ratings that include 4 buys and 2 holds. The shares sell for $ 21.94 and the average target price of $ 29.80 suggests upside potential of 36% over the next 12 months. (See BP’s stock analysis on TipRanks.) To find great ideas for trading hydrogen stocks at attractive valuations, visit TipRanks’ Best Stocks to Buy, a newly launched tool that brings together all of the insights into TipRanks stocks. Disclaimer: The opinions expressed in this article are solely those of the analysts presented. The content is intended to be used for informational purposes only. It is very important that you do your own analysis before making any investment.

Source Link

16 Dec
Blog

3D Printing Filament Market Dimension Value $1.9 Billion By 2027: Grand View Analysis, Inc.

SAN FRANCISCO, December 16, 2020 / PRNewswire / – 3D Printing Filaments Market Expected to Reach Global Size $ 1.9 billion According to a new report from Grand View Research Inc., the market is expected to grow at a CAGR of 18.8% from 2020 to 2027 through 2020. Increasing improvements in aerospace and defense components, parts and prototype models are expected to fuel demand for 3D printing filament in the estimated time. In addition, the increasing demand for durable and lightweight body parts for automobiles such as front splitters, front and rear bumper covers should support the market growth in the estimated time.

Key suggestions from the report:

  • For the plastics segment, a CAGR of 19.0% is expected in the forecast period due to its lightweight and cost-effective applications in various industries such as automotive, aerospace, defense and medicine
  • In 2019, the polylactic acid (PLA) segment dominated the market with a revenue share of 39.7% and is likely to grow significantly in the estimated duration. Made from renewable raw materials like corn starch, its use is likely to increase due to its biodegradable nature
  • The aerospace and defense application segment was rated with $ 125.2 million in 2019 and is expected to generate a higher share of sales in the coming period due to the increasing demand for precision parts and components in aircraft
  • in the Asia PacificIt is expected that the market will accelerate significantly in the estimated time due to increasing industrial manufacturing China, India, Japan, and South Korea. For example the government of China In 2017, an action plan to develop the additive manufacturing industry was released, which provides a strategic roadmap for the adoption of 3D filament printing in the nation
  • Technical know-how as well as research and development for strong and durable components offered by the players are likely to influence the market

Read 100-page research report with ToC on “3D Printing Filament Market Size, Share and Trends Analysis Report By Type (Plastics, Metals, Ceramics), By Plastic Type (Polylactic Acid, ABS), By Application (Industry, Aerospace & Defense) , By region and segment forecast, 2020 – 2027 ” at: https://www.grandviewresearch.com/industry-analysis/3d-printing-filament-market

The introduction of 3D printing to manufacture high performance components in aerospace and defense aircraft exposed to high pressure and temperature is the main driver of the market growth. In addition, low volume parts and low processing costs in the aerospace industry are expected to have a positive impact on the market. In addition, new design possibilities in connection with the application of robotics to the manufacture of end arm tools should influence the market in the planned years.

Technological advancement in the automotive industry includes body panels such as front and rear bumpers, interiors and tooling designs. The 3D printers support the entire vehicle manufacturing process and lead to the most advantageous and time-saving process in the automotive industry. Commonly printed parts in the automotive industry include brackets, fasteners, and front and rear bumper parts that have strong and durable properties. Plastic 3D printing filaments are widely used because of their low processing cost and ease of manufacture.

Prominent market players are focused on improving prototyping lead time during the manufacturing process. Various uses of 3D printing filaments include design, medicine, and prototyping and manufacturing.

Grand View Research has segmented the global 3D Printing Filament Market by Type, Plastic Type, Application, and Region:

  • 3D Printing Filament Type Outlook (Revenue, $ Mn, 2016-2027)
    • Plastics
    • Metals
    • Ceramics
    • Other
  • 3D Printing Filament Plastic Type Outlook (Sales, USD Million, 2016-2027)
    • Polylactic acid (PLA)
    • Acrylonitrile Butadiene Styrene (ABS)
    • Polyethylene terephthalate glycol (PETG)
    • Acrylonitrile styrene acrylate (ASS)
    • Other
  • Outlook for the application of 3D printing filaments (sales, million USD, 2016-2027)
    • Industrial
    • Aerospace & Defense
    • automobile
    • Healthcare
    • Other
  • Regional Outlook for 3D Printing Filaments (Revenue, Million USD, 2016-2027)
    • North America
    • Europe
      • Germany
      • United Kingdom
      • France
      • Italy
      • Spain
    • Asia Pacific
    • Central & South America
    • Middle East & Africa

List of the major players in the 3D printing filament market

  • Höganäs AB
  • 3D Systems Corporation
  • General Electric
  • Arkema SA
  • Royal DSM NV
  • Stratasys, Ltd.
  • Evonik Industries AG
  • Exon
  • Ark AB

Additional research reports on Advanced Interior Materials Industry from Grand View Research:

  • 3D Printing Materials Market – The global 3D Printing Materials market size has been estimated at $ 845.7 million in 2018 with a CAGR of 23.9% in the forecast period.
  • 3D Printing Ceramics Market – The global 3D Printing Ceramics market size has been rated with USD 20.6 million in 2018 and is expected to escalate with a lucrative CAGR of 34.0% from 2019 to 2025.
  • Coated Paper Market – The global coated paper market size has been estimated at $ 27.3 billion The increasing demand for advertising and packaging in various industries will drive product demand over the forecast period.

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Via Grand View Research

Grand View Research, a US-based research and advisory firm, provides syndicated and bespoke research reports and advisory services. Registered in California and headquartered in San FranciscoThe company comprises over 425 analysts and consultants and expands its extensive database by more than 1200 market research reports every year. These reports provide detailed analysis of 46 industries in 25 major countries around the world. Using an interactive market intelligence platform, Grand View Research helps Fortune 500 companies and renowned academic institutes understand the global and regional business environment and assess the opportunities ahead.

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