Palm Beach, FL –December 14, 2021 – FinancialNewsMedia.com News Commentary – 3D printing is a process of producing three-dimensional objects from a digital file. 3D printing, also called additive manufacturing involves putting down consecutive layers of material until the desired object is obtained. 3D printing is a comparatively quicker manufacturing process than conventional manufacturing processes such as injection molding, and subtractive production. The demand for 3D printing in materials is driven by the impelling demand for 3D printing in materials from various end-users such as aerospace, automotive, military, and healthcare. According to a report from Fortune Business Insights, 3D printing offers properties including, reduced waste, complexity in designs, cost-effectiveness, and improved design modification. This has attracted manufacturers from various sectors to implement the technology for the manufacturing of parts. Sectors such as food, footwear, music, jewelry, and medical are using 3D printing in materials to develop new products with efficient designs at a lower cost. Reduced weight, improvement in strength, reduced inventory, and mass customization are the major factors responsible for increased demand for 3D printing technology, which, in turn, will increase the demand. A report from MarketsAndMarkets projected that the global 3D printing materials market size is projected to grow from USD 1.6 billion in 2020 to 4.5 billion by 2025, at a CAGR of 23.5% between 2020 and 2025. Active companies in the markets today include: CarbonMeta Technologies Inc. (OTCPK: COWI), Deep Green Waste & Recycling, Inc. (OTCQB: DGWR), Cielo Waste Solutions Corp. (OTCQB: CWSFF), Sika AG (OTC: SXYAY), 3D Systems Corporation (NYSE: DDD).
The Fortune Report continued: “The 3D printing materials market drivers include the increasing demand from various end-users. The market is expected to advance due to the rising use of 3D printed parts in aerospace, automotive, and military applications. 3D printing technology has turned out to be a highly useful technology for manufacturing parts with intricate designs. 3D printing enables designers to create complex parts at low cost and with production feasibility. Parts made from titanium in the aerospace industry are usually 3D printed as it offers high dimensional accuracy and great mechanical properties. The above factors are expected to boost the market growth. For 3D printing, materials are used in non-standard forms such as powder, filament, and liquid. The processing of the materials from standard form to the one suitable for 3D printing adds up to the cost of materials. Prices of materials compatible with 3D printers are up to 10-15 times higher compared to the materials used in traditional manufacturing processes, which is one of the major factors restraining the growth of the market. Based on type, the market of 3D printing materials is segmented into plastics, metals, ceramics, and others. Plastics dominated the 3D printing materials market. Increasing demand for 3D printing technology combined with the rising demand for high-performance materials from industries including automotive, aerospace, and military will propel the growth of the plastics segment in the market. Additionally, easy prototyping and producing complicated designs at low cost, less weight, and no material loss will boost the demand for plastics in the global market.”
CarbonMeta Technologies Inc. (OTCPK: COWI) BREAKING NEWS: CarbonMeta Technologies (COWI) Launches Subsidiary for Upcycling Plastic Waste into 3D Printing Filament – CarbonMeta Technologies Inc. today announces the launch of its new subsidiary, Carbon Source Inc., which will market and develop upcycled 3D printing filaments.
According to Market Data Forecast, the global 3D printing plastics market size was more than $698 million in 2021 and is expected to reach $1.96 billion by 2026, registering a CAGR of 28.3%. 3D printer filaments can be made from a variety of thermoplastic materials, including those from recycling. However, as much as 80% of plastic waste is disposed in landfills, waterways or oceans, meaning only a small percent is recycled.
“The problem of upcycling post-consumer plastics is enormous, and we want to help solve this problem,” said Lloyd Spencer, chairman and CEO of parent company CarbonMeta Technologies, Inc., and president of subsidiary Carbon Source, Inc. “Turning plastic waste streams into 3D printing products is an important goal, and making this a sustainable business for investors and customers is equally important.”
To address this growing market, CarbonMeta Technologies’ new Carbon Source subsidiary will market and develop upcycled 3D printing filaments, the majority of which will be comprised of at least 50% post-consumer plastic wastes.
“Demand for 3D printer filament products made from post-consumer plastics has been steadily growing over the past decade,” added Bill Macy, president of Macy Consulting. “Department of Defense agencies and commercial manufacturers have increased demand for 3D printed products that are made from post-consumer plastics to meet their net zero initiatives.” CONTINUED… Read the CarbonMeta Technologies full press release by going to: https://newsroom.carbonmetatech.com/
In other news and developments of note in the markets this week:
Deep Green Waste & Recycling, Inc. (OTCQB: DGWR), a waste, recycling and remediation services company for commercial customers, recently announced that is has completed the acquisition of Lyell Environmental Services Inc. (“Lyell”), a growing environmental remediation, abatement, and testing company based in Nashville, Tennessee.
Lyell will operate as a wholly owned subsidiary of Deep Green Waste & Recycling (the “Company”, “Deep Green”), and provide environmental remediation, abatement, and testing services to commercial and residential clients over a 200-mile radius around Nashville, Tennessee. “Acquiring Lyell is a major milestone in Deep Green’s strategic plan and further positions the Company to capitalize on long-term growth trends in this industry,” said Lloyd Spencer, President and CEO of Deep Green Waste & Recycling. “We’re excited to add Lyell to the Deep Green team, as their expertise, industry leadership, and profitable business model fit well with the Company’s focus on profitable and rapidly growing waste, recycling and environmental services markets.”
Cielo Waste Solutions Corp. (OTCQB: CWSFF) recently provided an update in relation to its agreement with 18887711 Alberta Inc. (“1888”). Cielo holds an exclusive global license through the Agreement (as defined below) with 1888, to complete the development and commercialization of the Technology (as defined below). The Technology, which is patented in Canada and the United States, can utilize waste to produce fuel through a catalytic thermal depolymerization process. Cielo is currently using the Technology at its demonstration facility located in Aldersyde, Alberta, to produce fuel from wood waste and intends to construct both a research and development facility and a full-scale facility at its Fort Saskatchewan, Alberta, property.
Cielo and 1888 have executed a preliminary agreement pursuant to which Cielo and 1888 have agreed that: All rights of 1888 to utilize the Technology and receive payment of Royalty and Refinery Fees (as defined below) are terminated. In consideration for terminating the Agreement and transferring the patents and all related intellectual property to Cielo, Cielo will issue ten million (10,000,000) common shares in the capital of Cielo (the “Shares”) to 1888 on the closing date; and The closing date shall be December 3, 2021 or such other date agreed upon by Cielo and 1888.
Sika AG (OTC: SXYAY) recently announced that it has expanded its production capacity in china for faster and more sustainable customer solutions. By opening a new mortar production facility in Jiaxing City, in the province of Zhejiang in Eastern China, Sika has further expanded its production capacity in the rapidly growing Chinese construction market. The commissioning of the new facility is Sika’s response to high demand in the region. At the same time, this step guarantees optimized logistics, shorter transportation routes for raw materials and finished goods, and a reduction in CO2 emissions.
With its latest investment in the expansion and improvement of its supply chain in China, Sika is targeting further growth in the greater Zhejiang region, one of China’s most economically prosperous areas. Up to now, the technologies for construction projects in Eastern China were produced at the Shanghai and Suzhou plants. Sika can now meet the customers’ demand locally in all three metropolitan regions with a booming construction economy, providing a more sustainable and service-oriented solution. Both customers and the environment will benefit greatly.
3D Systems Corporation (NYSE: DDD) recently announced a host of innovations designed to enhance customer success and catalyze industries. The company is introducing high-throughput 3D printing technologies, a new partnership to provide industry-leading post-processing, improved additive manufacturing software, and a new production-grade photopolymer. By combining these latest innovations along with the expertise of it’s a[plication Innovation Group, 3D Systems is helping customers defy limitations to advance additive manufacturing (AM) performance and productivity in healthcare and industrial markets.
3D Systems designs and delivers AM solutions comprising hardware, software, materials, and services to help companies accelerate their business innovations. Today the company is pleased to introduce its next-generation selective laser sintering (SLS) workflow that combines 3D Systems’ new SLS 380, 3D Sprint®, DuraForm® materials, and AMT’s PostPro® enabling cost-effective batch production parts with unprecedented levels of throughput, consistency, performance, and yield.
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