3D Printing Materials Market: Global Industry Analysis And Forecast (2023-2029)

3D Printing Materials Market accounted for $ 3.11 Billion in 2022 and is expected to reach $ 11.96 Billion by 2029 at a CAGR of 21.2% during the forecast period.
3D Printing Materials Market Overview:
3D printing is the process of creating a three-dimensional object by using a CAD model or a digital 3D model. 3D printing materials are diverse and come in a variety of forms. The global 3D printing materials market is being driven primarily by rising product demand in industries such as architecture, automotive, aerospace, military, and medical replacements. The positive outlook for automobile manufacturing will boost the 3D Printing materials market growth in the future. As per the survey, 32% of respondents from the automotive and aerospace sector said they are using 3D Printing Materials for the construction or production of tools. Many robust technologies such as Fused Filament Fabrication (FFF) are employed to create prototypes and end-use parts. High detail, accurate, and smooth 3D printed scale models are frequently used in the automobile industry to demonstrate concepts and designs of new vehicles. Plastics are regarded as the primary drivers of this sector. Furthermore, new technologies and material innovation contribute to the increasing market of 3D printing materials during the forecast period.To know about the Research Methodology :- Request Free Sample Report

Report Objective:

The report provides a quantitative analysis of the current 3D Printing Materials market drivers, restraints, trends, estimations, and opportunities of the market to identify the prevailing opportunities in the 3D Printing Materials market during the forecast period. PORTER's five forces analysis shows the ability of buyers and suppliers to make profit-oriented strategic decisions and build their supplier-buyer network. In-depth analysis as well as the market size and segmentation assist in determining the current 3D Printing Materials market potential. Some factors that are supposed to affect the business positively or negatively have been analyzed in this report which will give a clear futuristic view of the industry to the decision-makers.

The report presents a comprehensive analysis of the global 3D Printing Materials market to the stakeholders who want to invest in this market. The report includes past and current scenarios of the 3D Printing Materials market with the forecasted market size. The report covers all the aspects of the market with a thorough study of key players that include market leaders, followers, and new entrants.

The report contains strategic profiling of top key players in the market, a wide-ranging analysis of their core competencies, and their strategies like new product launches, growths, agreements, joint ventures, partnerships, and acquisitions that apply to the businesses. Clear representation of competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence in the internal or local market make the report investor’s guide. They are continuously strategizing on mergers & acquisitions for the expansion of their market share and growth opportunities during the forecast period.

Research Methodology:

The research study is provided by using an in-depth analysis of the market insights, facts, historical data, and industry-validated market statistics. These estimates are based on an appropriate set of assumptions and methodologies. The bottom-up approach has been used to collect the data and analyze the market to figure out the market size by volume and value by mentioned segments. Major Key Players in the 3D Printing Materials market are identified through secondary research and their market revenues are determined through a study of the top manufacturers' annual and financial reports, interviews with company key persons, and industry professionals such as experienced front-line staff, CEOs, and marketing executives. By understanding the scope of the market our analyst has segmented the market based on form, end-use, Type, Technology, Application, and region. The growth amongst these segments will help to analyze the industries and provide the users with a valuable market overview and market insights to make strategic decisions for identifying core market applications.

COVID-19's Impact on the Global 3D Printing Materials Market

The COVID-19 outbreak has had a negative impact on the demand for 3D printing materials in a variety of end-use sectors, including aerospace and defense, automotive, construction, and others. COVID-19 has a significant impact on these sectors. The disruption in the supply chain has resulted in raw material delays or non-arrival, disrupted financial flows, and rising absenteeism among production line workers forcing aircraft and automobile manufacturers to operate at zero or partial capabilities resulting in reduced demand for 3D printing materials.
3D Printing Materials Market Dynamics:
Increasing demand for 3D printing materials from the aerospace and defense industries.

The aeroplane sector has become an early adopter of 3D printing technology. The technology is extremely beneficial for producing complex parts. It gives designers the benefit of developing the best parts at the lowest possible cost and production feasibility. Metals are utilized in the manufacture of various aircraft parts, including wings, jigs, and engine parts. Titanium materials are commonly utilized as 3D printing materials in the aerospace sector because they have good mechanical qualities and high dimensional accuracy throughout production. 3D printing technology is transforming the automotive production process. The technology has allowed the market to create more sophisticated and lighter structures at lower costs. 3D-printed parts are used in supercars and concept automobiles. In the first quarter of 2018, Bugatti (France), a prominent automotive manufacturer revealed a 3D-printed brake caliper made from titanium.

The growing need for polymers in 3D printing will fuel the demand for 3D printing materials.

Prototypes are manufactured at a considerably faster rate and with greater durability using 3D printing technologies. One of the most common uses for 3D printing is prototyping. Polymer is the most often used 3D printing material. Polymers are utilized to make high-tech industrial (aerospace, medical/dental, automotive, electrical) and consumer (home, fashion, and entertainment) products. Polymeric material advancements continue to open up new opportunities for the manufacturing industry. The recycling and reuse of polymer 3D printing ingredients have pushed several industries to adopt additive manufacturing AM in-house. The usage of polymer AM in-house helps in the administration of operations such as order management, cost calculation, and production scheduling, among other things. Polymer is utilized in a wide range of applications from low-cost alternatives for natural products to high-quality solutions for a wide range of applications with low production costs during the manufacturing process. Polymer-based 3D printing is great for heat fabrication processes due to its ability to relax and flow when heated and then regain firmness.

Growing demand from the educational sector represents a great potential for 3D printing materials Market

Education is one of the fastest-growing sectors in the 3D printing material market during the forecast period. Although the use of 3D printing in education is still in its early stages because several institutions are beginning to establish 3D printing laboratories. 3D printing technology is also transforming the traditional classroom. Engineering students can print prototypes of their ideas; biology students can analyze organ cross-sections, and graphic design students can print 3D versions of their artwork. 3D printing is extremely beneficial for making interactive maps to teach geography to students. Furthermore, governments from various countries are significantly investing in 3D printing technology.

Market Restraint:

High material costs are a key barrier to the growth of the 3D printing materials market.

3D printing is an easier way to make products but it is expensive owing to high material prices which is a key restraint for market growth. These high prices are due to the higher purity and composition standards required for 3D printing. Metal materials for 3D printing cost an average of USD 500.0 per kg making them incredibly expensive for usage in general applications because the end product costs are too high in comparison to market products.
3D Printing Materials Market Segment Analysis:
By form, the filament segment held around 43% of the total market share in 2021. The high share of this sector is mostly due to its distinct properties and high melting temperatures. These filaments are widely utilized in the fabrication of props, jigs and fixtures, assembly parts, and educational models. Carbon fiber-produced filaments are the most common in the 3D printing materials market due to their low thermal expansion and resistance to high temperatures. They are also extremely corrosion resistant and prevent shrinkage after cooling.

By end-use, the healthcare industry is the fastest-growing segment of the 3D printing materials market. Several medical products including surgical equipment, prosthetics and implants, and tissue engineering devices are made using 3D printing technology. Furthermore, 3D printing materials are extremely valuable in orthopedic, dental, craniomaxillofacial, and other medical applications. The development of personalized dental models such as bridges, crowns, implants, and dentures is improving results and increasing dentists' reliance on printed prosthetics. Demand for dental prosthetics would rise as a result of macroeconomic variables such as individuals' unhealthy eating habits which contribute to tooth decay and tooth loss. Medical applications such as knee implants and hip replacements as well as surgical equipment are expected to drive sales of 3D printing materials. Doctors and surgeons use printed models of surgical equipment to perform complicated surgical operations. Furthermore, Additive manufacturing is extremely useful in creating patient-specific devices that match the patient's anatomy.

By Type, Metal products will generate significant market share by 2029 as a result of their potential to make a more robust and diverse range of products. It is integrated via a Direct Metal Laser Sintering technique (DMLS). Jewellers utilize steel and copper in 3D printing to create engraved bracelets. Steel has high mechanical qualities and a smooth surface finish. Aluminium is also used to create 3D material because of its lightweight. Titanium is used because it is biocompatible and has strong corrosion resistance. Gold, silver, and bronze are utilized in 3D printing to create sophisticated pieces of jewellery.



By Technology, Fused filament fabrication is expected to account for roughly 31% of the market in 2021. Recent technical breakthroughs in 3D printing materials are likely to accelerate fused filament fabrication applications over the forecast period due to increasing usage in numerous sectors with flexible features.

The stereolithography [SLA] 3D printing equipment market will exceed USD 4.6 billion by 2029. Stereolithography equipment uses a computer-controlled moving laser beam that has been pre-programmed using CAD/CAM software. Within a single day, this equipment is utilized to create models, cosmetic-ready prototypes, and complicated parts with precise geometry. Stereolithography parts may be manufactured using a wide range of materials and surface treatments as well as exceedingly high feature resolutions. Stereolithography [SLA] technology is an excellent choice for fast prototyping and project ideas that demand the manufacture of finely detailed and accurate parts. It is a perfect alternative for creating show-and-tell pieces that allow for the validation of ergonomic tests and concept ideas.

By Application, Manufacturing is expected to be the most promising application of 3D printing materials in terms of value and volume over the forecast period. The usage of 3D printing materials in manufacturing applications is increasing rapidly across the world. Several end-use sectors, including automotive, healthcare, aerospace, and defense, have already used 3D printing for component mass production. 3D printing technology is now being used to make automobile components, mobile cases, wing mirrors, toys, and a variety of other things. End-use industries are shifting toward bulk production with 3D printing because it lowers manufacturing costs, shortens lead times, and produces complex structured objects.
3D Printing Materials Market Regional Insights
The Asia Pacific market is expected to emerge as the most opportunistic market for 3D printing materials, with widespread uses in the health care industry. The Asian 3D Printing Materials market is expected to have a 39% market share during the forecast period. China and India continue to benefit greatly from market growth. Increasing demand for 3D printing items from Japan, China, and South Korea is expected to drive the market owing to favorable government regulations, a vast industrial base, and significant investment in research and development. Rising disposable income and a higher level of life are expected to drive up product demand in near future. Furthermore, the Rising product demand from end-use sectors such as automotive, defense, aerospace, and consumers is likely to boost the market throughout the forecast period.

The North American 3D Printing Materials market is expected to grow at the highest rate and be the most profitable market during the forecast period. The region accounts for approximately 23% of the global sales value of 3D printing materials. Favorable trends in the medical and aerospace industries will boost the market growth in North America. The adoption of 3D printing in several industries as well as the increased material options will give growth potential. The actions done by the American government for the growth of 3D printing together with funds for research and development will increase 3D printing acceptance, hence increasing the market value of 3D printing materials and equipment in the region.
3D Printing Materials Market Scope: Inquire before buying



3D Printing Materials Market


Report Coverage
Details


Base Year:
2022
Forecast Period:
2023-2029


Historical Data:
2018 to 2022
Market Size in 2022:
US $ 3.11 Bn.


Forecast Period 2023 to 2029 CAGR:
21.2 %
Market Size in 2029:
US $ 11.96 Bn.


 Segments Covered:
by form
Powder
Filament
Liquid


by end-use
Automotive
Aerospace & Defense
Healthcare
Consumer Goods
Construction
Others (Electronics, Education, Food, etc.)


by type
Plastic
Metal
Ceramic
Others (Wax, Laywood, Bio inks, etc.)


by Application
Prototyping
Manufacturing
R&D


by Technology
Fused Filament Fabrication
Selective Laser Sintering
Stereolithographic
Direct Metal Laser Sintering
Others



3D Printing Materials Market, by Region
North America (United States, Canada and Mexico)
Europe (UK, France, Germany, Italy, Spain, Sweden, Austria and Rest of Europe)
Asia Pacific (China, South Korea, Japan, India, Australia, Indonesia, Malaysia, Vietnam, Taiwan, Bangladesh, Pakistan and Rest of APAC)
Middle East and Africa (South Africa, GCC, Egypt, Nigeria and Rest of ME&A)
South America (Brazil, Argentina Rest of South America)
3D Printing Materials Market Key Players are:
1. 3D Systems Corporation
2. Arkema S.A.
3. Royal DSM N.V.
4. The Exone Company
5. Stratasys Ltd.
6. General Electric
7. Materialize NV
8. Sandvik AB
9. Hoganas AB
10.Evonik Industries AG
11.Voxeljet AG
12.Markforged Inc.
13.SLM Solutions Group AG
14.Impossible Objects Inc.
15.LPW Technology Ltd.
16.Envisiontec Inc.
17.Carbon
18.BASF New Business GmbH
19.Eco-Industrial Co. Ltd.
20.Forefront Filament
21.Keene Village Plastics
22.Clariant AG
23.Airwolf 3D
24.Lithoz GmbH

FAQs:

1. Which is the potential market for 3D Printing Materials in terms of the region?
Ans. In the Asia Pacific region, favorable government regulations, a vast industrial base, and significant investment in research and development are expected to drive the market.

2. What is expected to drive the growth of the 3D Printing Materials market in the forecast period?
Ans. Increasing demand for 3D printing materials from the aerospace and defense industries is a major factor driving market growth during the forecast period.

3. What is the projected market size & growth rate of the 3D Printing Materials Market?
Ans. The Global 3D Printing Materials Market accounted for $ 3.11 billion in 2022 and is expected to reach $ 11.96 billion by 2029 at a CAGR of 21.2% during the forecast period.

4. What segments are covered in the 3D Printing Materials Market report?
Ans. The segments covered are form, end-use, Type, Technology, Application, and region.