Photopolymer, also known as resin, is a liquid plastic that is cured or hardened with light. It is mainly used in 3D printing, stereolithography, and rapid prototyping applications. Key features of photopolymer include high strength, dimensional stability, detail resolution, and compatibility with diverse manufacturing processes. In 3D printing, photopolymer transforms layer by layer with the help of UV light into solid 3D structures. Photopolymers offer better quality printing and repeatability as compared to filaments used in Fused Deposition Modeling.
The global photopolymer market is estimated to be valued at US$ 14.27 Bn in 2024 and is expected to exhibit a CAGR of 12% over the forecast period 2024 to 2031.
Increasing Photopolymer Market Trends for 3D printing across industries such as automotive, aerospace, healthcare, and consumer goods is a key growth driver for the market. Photopolymers allow manufacturers to produce complex geometries and functional prototypes rapidly at a lower cost. This helps companies reduce the time to market for new products and also lower production costs through lean manufacturing techniques.
Key Takeaways
Key players operating in the photopolymer market are Air Enterprises, Asetek, Inc., Climaveneta, Coolcentric, Daikin Industries Ltd, Dell Technologies Inc., Fujitsu, Hitachi, Ltd., Johnson Controls, Liquid Cool Solutions Inc., Mitsubishi Electric Corp., Munters Group AB , Nortek Air Solutions, LLC, NTT Ltd., Rittal GmBH Co. KG, Schneider Electric SE, STULZ GMBH, Telx Inc., and Vertiv Co. These major players are focusing on new product launches and strategic collaborations to expand their market share.
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