Additive manufacturing, commonly known as 3D printing, is an industrial production method that involves building three dimensional solid objects from a digital file through deposition of a print material in thin layers. The technology offers several advantages over conventional production methods such as providing design freedom, reducing time-to-market, enabling mass customization, and reducing material waste. The growing demand for customizable and individually customized final products across industries has accelerated adoption of additive manufacturing solutions.

Global additive manufacturing market is estimated to be valued at US$ 20.31 Bn in 2024 and is expected to reach US$ 95.88 Bn by 2031, exhibiting a compound annual growth rate (CAGR) of 24.7% from 2024 to 2031.

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