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3D printing dominates specialty printing market

US specialty printing consumables market is expected to grow at 4.4 per cent CAGR from 2016 to 2024. Increased adoption of 3D printing technology across a number of applications has allowed the most prominent manufacturers of specialty printing consumables in the US to hold sway in the highly competitive market.

Despite shrinking demand from conventional applications that rely more on digitized copies of documents that previously needed printing, companies are expected to benefit from the thriving 3D printing applications.

Leading companies have already increased their focus on the area and are developing new product varieties to tap the rising set of growth opportunities that the trend is offering. The office and professional segment is presently the dominant contributor to the US specialty printing consumables market due to the extensive use of specialty printing in the office and professional space. The construction and introduction of new office spaces in the country is expected to further drive market growth in this sector.

The toner segment, which accounted for the dominant share of the overall market in 2015, is expected to be the largest segment in the US specialty printing consumables market over the forecast period.

 
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