Advent of 3D Printing Compels Manufacturers of Specialty Printing Consumables in U.S. to Focus on Product Innovation
The U.S. specialty printing consumables market was valued at US$24.09 bn in 2015 and, increasing at a 4.4% CAGR, is forecast to reach US$35.75 bn by 2024. Leading manufacturers of specialty printing consumables, such as DIC Corp., Xerox Corp., Canon Inc., HP Development Co., and Eastman Kodak Co., are working aggressively on product innovation in order to meet the rising expectations of consumers. For instance, in October 2015, Canon unveiled its resin 3D printer concept, which, according to the company, is well suited for rapid prototyping as well as manufacturing. The concept is projected to be much faster than current technologies and aims to produce stronger prints. U.S. Specialty Printing Consumables Market: Snapshot The recuperating economy of the U.S. has offered a substantial growth opportunity to the market for specialty printing consumables in this country. The construction of new offices and the rejuvenation of older ones in order to support business acti...