Survey Reveals Industrial 3D Printing Poised to Shift from Prototyping to Full Scale Production RunsMarch 19, 2019October 30, 2019 | The Essentium TeamShare Manufacturing Industry Expects A Billion Dollar Bump from Next Generation Industrial 3D Printing COLLEGE STATION, Texas, March 19, 2019 — Essentium, Inc., a leading provider of 3D printing technology and materials for additive manufacturing, today released the findings of its independent survey, 3D Printing At Scale, conducted by Dimensional Research. The survey reveals that confidence in, and deployment of industrial scale 3D printing is at a tipping point amongst 3D production manufacturing stakeholders and decision makers. Over half of the respondents report to be preparing for full-scale 3D printing production runs, 21% now use 3D printing for full scale production part runs, and 88% believe the economic advantage to manufacturing industries from production scale 3D printing will be in the billions of dollars.As well reducing manufacturing costs, the transformational impact on manufacturing from industrial scale 3D printing is expected to be far reaching according to the survey findings. Forty three percent of respondents believe it will make the mass customization of products possible, 39% expect to gain competitive advantage from a dramatic acceleration in the cycle of design to proof of concept to mass production, and 38% expect to bring the manufacturing supply chain closer to the customer as outsourcing production of parts to other geographies for economic purposes becomes redundant.While the vast majority of survey respondents were bullish on the future impact of industrial scale 3D printing in manufacturing, they also cited a number of barriers that need to be resolved in order for its potential to be unleashed and realized. Cost, scale, part strength and skills were identified as major obstacles. Forty-two percent of respondents stated current 3d printing technologies are too expensive, 35% stated that the cost of materials is too expensive, 31% stated that printed parts are not reliable, and 30% reported a lack of expertise.Recent advances in industrial 3D printing, such as the release of the Essentium High Speed Extrusion (HSE) Platform which resolves speed and scale obstacles, are clearing the way for a rapid shift to full scale production runs using 3D printing in manufacturing.In fact, the move toward industrial scale 3D printing in manufacturing is already starting to gain traction. While traditional simple prototyping is currently the most common use case of 3D printing in manufacturing with 61% of survey respondents reporting to use the technology in this way, 60% are using the technology to produce manufacturing aids and tooling jigs, close to half, 45%, are using it for limited run production parts, while 21% are already using the technology for full-scale production part runs.Said Essentium CEO, Blake Teipel, “The potential of 3D printing in the $12 trillion market that makes up industrial manufacturing – including materials, design cycles, production, manufacturing, supply chain and innovation – is starting to be unlocked and will soon transform the way things are produced and the supply chains involved. The results of our survey validate this. It is also hugely encouraging to see how positively our market views the potential of industrial 3D printing and appears to be readying to embrace it.”Go here for more survey findings: http://bit.ly/2TKT6U7 About EssentiumEssentium, Inc. provides industrial 3D printing solutions that are disrupting traditional manufacturing processes by bringing product strength and production speed together, at scale, with a no-compromise engineering material set. Essentium manufactures and delivers innovative industrial 3D printers and materials enabling the world’s top manufacturers to bridge the gap between 3D printing and machining and embrace the future of additive manufacturing.Media Contact: Debbie@RaineMakers.comMedia Materials: essentium3d.com/pressroomShare
Manufacturing Industry Expects A Billion Dollar Bump from Next Generation Industrial 3D Printing COLLEGE STATION, Texas, March 19, 2019 — Essentium, Inc., a leading provider of 3D printing technology and materials for additive manufacturing, today released the findings of its independent survey, 3D Printing At Scale, conducted by Dimensional Research. The survey reveals that confidence in, and deployment of industrial scale 3D printing is at a tipping point amongst 3D production manufacturing stakeholders and decision makers. Over half of the respondents report to be preparing for full-scale 3D printing production runs, 21% now use 3D printing for full scale production part runs, and 88% believe the economic advantage to manufacturing industries from production scale 3D printing will be in the billions of dollars.As well reducing manufacturing costs, the transformational impact on manufacturing from industrial scale 3D printing is expected to be far reaching according to the survey findings. Forty three percent of respondents believe it will make the mass customization of products possible, 39% expect to gain competitive advantage from a dramatic acceleration in the cycle of design to proof of concept to mass production, and 38% expect to bring the manufacturing supply chain closer to the customer as outsourcing production of parts to other geographies for economic purposes becomes redundant.While the vast majority of survey respondents were bullish on the future impact of industrial scale 3D printing in manufacturing, they also cited a number of barriers that need to be resolved in order for its potential to be unleashed and realized. Cost, scale, part strength and skills were identified as major obstacles. Forty-two percent of respondents stated current 3d printing technologies are too expensive, 35% stated that the cost of materials is too expensive, 31% stated that printed parts are not reliable, and 30% reported a lack of expertise.Recent advances in industrial 3D printing, such as the release of the Essentium High Speed Extrusion (HSE) Platform which resolves speed and scale obstacles, are clearing the way for a rapid shift to full scale production runs using 3D printing in manufacturing.In fact, the move toward industrial scale 3D printing in manufacturing is already starting to gain traction. While traditional simple prototyping is currently the most common use case of 3D printing in manufacturing with 61% of survey respondents reporting to use the technology in this way, 60% are using the technology to produce manufacturing aids and tooling jigs, close to half, 45%, are using it for limited run production parts, while 21% are already using the technology for full-scale production part runs.Said Essentium CEO, Blake Teipel, “The potential of 3D printing in the $12 trillion market that makes up industrial manufacturing – including materials, design cycles, production, manufacturing, supply chain and innovation – is starting to be unlocked and will soon transform the way things are produced and the supply chains involved. The results of our survey validate this. It is also hugely encouraging to see how positively our market views the potential of industrial 3D printing and appears to be readying to embrace it.”Go here for more survey findings: http://bit.ly/2TKT6U7 About EssentiumEssentium, Inc. provides industrial 3D printing solutions that are disrupting traditional manufacturing processes by bringing product strength and production speed together, at scale, with a no-compromise engineering material set. Essentium manufactures and delivers innovative industrial 3D printers and materials enabling the world’s top manufacturers to bridge the gap between 3D printing and machining and embrace the future of additive manufacturing.Media Contact: Debbie@RaineMakers.comMedia Materials: essentium3d.com/pressroom
Lewis Simms January 12, 2024Nexa3D Completes Acquisition of Essentium Adding High-Speed Extrusion to Its Powerful Additive Manufacturing PortfolioAcquisition broadens capabilities, adds super polymer expertise, and democratizes access to industrial, health and government customersVENTURA, CA, January 12th, 2024 – Nexa3D, the ultrafast 3D printing leader, announced the successful completion of its acquisition of Essentium, a distinguished manufacturer of high-speed extrusion (HSE) 3D printers and materials. Nexa3D has rapidly emerged as an industry leader in industrial 3D printing, offering revolutionary production solutions to businesses across various sectors. Renowned for its ultrafast 3D printers, which span from desktop to factory floor sizes, Nexa3D’s cutting-edge technology has redefined the possibilities of 3D printing production, enabling unparalleled productivity, accuracy, and material versatility. With over 1500 systems worldwide, Nexa3D’s printers have become the preferred solution for high-throughput production applications. Read More
The Essentium Team November 6, 2023Nexa3D Announces Intent to Acquire Essentium; Adds High Speed Extrusion to its Product PortfolioAcquisition would broaden capabilities, expand addressable markets, and diversify revenues for the fast-growing 3D printing company. Nexa3D, the ultrafast 3D printing leader, has taken a significant step in staking its leadership position in the industrial additive manufacturing space by signing a letter of intent to acquire Essentium, a prominent manufacturer of HSE 3D printers and materials, widely adopted for high requirement, precision applications in aerospace, military, and defense. With this acquisition, Nexa3D would add high-speed extrusion (HSE) to its current product portfolio. Read More
The Essentium Team October 17, 2023Essentium and KVG Rapid 3D Printing Collaboration Strengthens Ukraine’s Defense Response Essentium®, Inc., a leading innovator of industrial additive manufacturing (AM) solutions, has joined forces with KVG®, an internationally recognized mission support provider, to provide Ukraine with 3D printing solutions, training, and manufacturing tools. These 3D printing capabilities enable rapid, on-demand production of mission-critical parts and components in the field of conflict. Read More
