August 11, 2023
Shapeways Holdings, Inc., has expanded its software service offerings with the launch of MFG Materials. This new service provides a range of raw materials to manufacturers at discounted rates, reinforcing MFG’s role as a partner in the manufacturing sector, the company says.
Through strategic partnerships and negotiations with top-tier raw materials vendors, Shapeways is providing an average of 15% off list prices on the MFG Materials platform, with discounts varying based on material and quantity ordered.
The industrial global raw materials market is diverse. Specifically, the global market for industrial raw materials including aluminum, iron/steel, and plastics exhibits strong growth trends:
The aluminum market–valued at USD $169.8B in 2021–is projected by Precedence Research to reach USD $277.5B by 2030.
According to MarketsandMarkets, the iron and steel market size—valued at nearly USD $1.6T in 2022—is projected to reach USD $1.9T by 2027.
Global plastics—valued at USD $609B in 2022—is projected by Grand View Research to see a steady CAGR of 4.0% from 2023 to 2030, driven by rising plastic consumption in various sectors.
MFG Materials is immediately available to all current premium subscribers. With this launch, Shapeways is also introducing a low-cost monthly membership option, which is ideal for manufacturers who only want access to MFG Materials.
Sources: Press materials received from the company and additional information gleaned from the company’s website.