Shapeways Holdings, Inc., a prominent player in the digital manufacturing industry, has unveiled a significant expansion in its software service portfolio with the introduction of MFG Materials. This innovative service offers a diverse array of raw materials to manufacturers at discounted rates, solidifying MFG’s standing as a comprehensive partner in the manufacturing domain.

Leveraging strategic alliances and adept negotiations with top-tier raw materials suppliers, Shapeways is extending an average discount of 15% off list prices through the MFG Materials platform, with varying discounts depending on the material type and order quantity.

Greg Rothman, General Manager of Software at Shapeways, emphasized the company's commitment to supporting manufacturers, stating, “The launch of MFG Materials is a tangible step toward assisting them in curbing raw material expenses. Depending on the volume, suppliers can reap sound returns on investment by sourcing their raw material inventory through our platform.”

The global industrial raw materials market, an integral contributor to both the US and global economies, encompasses a wide range of materials and holds substantial growth potential. Specifically, key segments like aluminum, iron/steel, and plastics exhibit promising growth trajectories:

• The aluminum market, valued at USD $169.8 billion in 2021, is forecasted by Precedence Research to surge to USD $277.5 billion by 2030.
• The iron and steel market, valued at nearly USD $1.6 trillion in 2022, is projected by MarketsandMarkets to reach USD $1.9 trillion by 2027.
• Global plastics, valued at USD $609 billion in 2022, are predicted by Grand View Research to maintain a steady CAGR of 4.0% from 2023 to 2030, propelled by escalating plastic consumption across diverse sectors.

Within this dynamic context, Rothman underscored the value proposition of the MFG Materials platform, stating, “The remarkable growth trajectory of the industrial materials market presents substantial opportunities, and MFG Materials is strategically designed to empower our clients to tap into this promising market. Not only are we enhancing accessibility, but we are also enabling significant cost efficiencies through our economies of scale. This imparts enhanced competitiveness and profitability to manufacturers, thereby catalyzing the expansion of the US manufacturing sector.”

MFG Materials is readily available to all existing premium subscribers. Simultaneously, Shapeways is introducing a cost-effective monthly membership option, ideally suited for manufacturers seeking exclusive access to MFG Materials services.

 

Source: businesswire.com

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