Shapeways Holdings, Inc., announced its expansion of 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 comprehensive partner in the manufacturing sector.
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 vast and diverse, and plays a vital role as a significant contributor to the US and global economies. 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.
For more information about the new MFG Materials initiative, please visit www.mfg.com.
About Shapeways
Shapeways is a global digital manufacturing, combining additive and traditional technologies provider with proprietary software solutions designed for other manufacturers and their customers, reducing costs, and improving supply chains.
With ISO 9001-compliant manufacturing facilities in Livonia and Charlotte, Michigan, and Eindhoven, the Netherlands, Shapeways operates globally and has delivered more than 24 million parts to more than 1 million customers in more than 180 countries.
For more information, visit www.shapeways.com.
