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 169.8 billion in 2021-is projected by Precedence Research to reach USD 277.5 billion by 2030. According to MarketsandMarkets, the iron and steel market size-valued at nearly USD 1.6 trillion in 2022-is projected to reach USD 1.9 trillion by 2027.

Global plastics-valued at USD 6,609 billion 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.