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The worldwide market for 3D printing products and services was valued at around **** billion U.S. dollars in 2020. The industry is expected to grow at a compound annual growth rate of some ** percent between 2020 and 2023. General Electric has the most 3D printing patents in the United States.

Utilization of materials in 3D printing

3D printing is able to utilize many materials for a wide range of applications. New materials and applications continue to be developed on a rapid basis. These new applications are likely to enter a wide range of industries.

Fast-growing 3DP materials

Among the fastest-growing services for a specific material type are metals and metal alloys. Metal 3D printing technology is relatively young but many major breakthroughs take place every year. Printing metals are generally more expensive, such as copper, for example; metals use heavier and more precious materials. This application is generally a slower process and the machinery itself is more expensive. As more businesses begin to have their own printers, printing software will grow faster than printing services.