Binder Jetting Market Future Demand Analysis with Forecast Over (2017 – 2025)
The ‘Binder Jetting Market’ report, compiled recently by Persistence Research, examines the industry in terms of the global expanse, highlighting the present & future growth potential of each region as well as consolidated statistics. The study also presents a precise summary of the competitive milieu, key developments, and application landscape of the Binder Jetting Market based on the impact of the financial and non-financial facades of the industry.
Binder Jetting Market Overview
Binder Jetting is a type of Additive Manufacturing first developed at MIT in 1993 and then licensed exclusively by the Z Corporation. This was also when the term ‘Three-Dimensional Printing’ was trademarked. It is a process that creates final products, spare parts or prototypes with the help of inkjet printing into a raw material powder bed. Binder jetting uses two materials – a powder material and a binder. The binder is usually a liquid while the building material is a powder. At each layer, the binder droplets fuse raw material particulates and create a cross-section 2D image made of powder-binder granules.
Binder jetting uses fast and cheap technology and works with a wide array of materials like metal, sandstone and ceramic. Even full-colour 3D printing is possible now. The binder jetting market has maximum relevance in interior design and furniture manufacturing. It can also be used for making various types of industrial parts. The binder jetting market uses versatile technology that can be utilised in almost any application.
Binder Jetting Market Drivers
There are several drivers for the growth of the binder jetting market. Even though there are various forms of 3D printing in existence, binder jetting is widely considered to the best form. A critical advantage is that it does not employ heat in the manufacturing process. Other additive techniques use a heat source which can create some residual stress in the parts. These must then be dealt with in another secondary post-processing operation. Binder jetting can have great application in the construction and interior designing industry.
It can be used to print very large objects and architectural objects even occupying an entire room have been created with this technology. The binder jetting market is relevant in areas as diverse as shop fitting, exhibitions and furniture development. A second driver is a gradual move towards eco-friendly methods of production and consumer products in order to reduce one’s carbon footprint. A few companies have begun to make scalable and ecological materials to be used in binder jetting 3D printers that are recyclable, sustainable and perfect for the modern interior design.
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Binder Jetting Market Restraints
Cost is a very large constraint in the binder jetting market. These machines are much more expensive than regular 3D printers with prices in the range of $50,000 to $2 million for high-grade enterprise machines. This makes it a very difficult investment for fledgling start-ups. The second challenge is the structural weakness due to the use of binder material. Binder jetting does not have too many materials to work with at present and it creates microscopic air pockets in parts, which can cause structural concerns in fields like furniture or interior design.
The third restraint in the binder jetting market is the time required due to additional post-processing. Binder jetting uses a variety of materials like metal, sands and different ceramics. Some like sand do not require any additional processing but the rest are cured, sintered and infiltrated with other materials, depending on the requirement. This can be an issue in industries which serve customers with fickle tastes and require companies to be fast movers or followers.
Binder Jetting Market Key Regions
The main regions served by the binder jetting market are the U.S, European Union and Asia Pacific in that order. The U.S is the largest market at present and is expected to remain so for the foreseeable future. 3D printing finds the application there in industries like aerospace, defence, automobile, retail and construction which have all begun to use robotic parts and prototypes to maximise functional integration while also driving down manufacturing costs.
Regional analysis includes:
- North America (U.S., Canada)
- Latin America (Mexico. Brazil)
- Western Europe (Germany, Italy, France, U.K, Spain)
- Eastern Europe (Poland, Russia)
- Asia Pacific (China, India, ASEAN, Australia & New Zealand)
- Middle East and Africa (GCC, S. Africa, N. Africa)
The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.
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Binder Jetting Market Key Market Players
Some companies involved in the binder jetting market are :
- 3D Systems