The global 3D Printing Materials Market is valued at USD 2.3 Billion in 2022 and is projected to reach a value of USD 11.5 Billion by 2030 at a CAGR (Compound Annual Growth Rate) of 25.9% over the forecast period.
The most common materials used in 3D printing are ABS and PLA. They provide 3D-printed products with valuable properties such as higher heat resistance, impact resistance, chemical resistance, and extreme rigidity. The global 3D printing materials market is expected to proliferate during the forecast period owing to ease in developing customized products and reductions in manufacturing costs. Additionally, 3D printing has a lower processing downtime. The latest generation of 3D printing materials is expanding their functional areas in niche sectors such as printed electronics and energy storage devices. Various composites are emerging as a rapidly growing segment within 3D printing materials, owing to their rising popularity in the aerospace and defense industries.
3D printing has been around for various decades. However, the current developments within 3D printing materials are leading to the integration of home printing applications. Printers are being manufactured for home usage. Due to their lower prices, these home printers are widely consumed for small-scale applications. They are used in homes, offices, computer stores, and shopping stalls. They allow users to create low-cost products that can be produced in a relatively short amount of time. These 3D printers offer numerous advantages, such as reduced waste, the ability to make complex designs, and improved design modifications. These factors are expected to propel the growth of the 3D printing materials market toward an incremental growth trajectory.
Prominent end-use industries such as food & beverage, footwear, music, and jewelry are utilizing 3D printing in materials within their products. These products can be manufactured at a lower cost and offer better aesthetics. Additionally, they are lower in weight, offer improved strength, reduce inventory, and can be customized on a large scale. These factors are prompting rising aerospace, automotive, and military demand. 3D printing allows for highly complicated and intricate designs to be created at a lower cost. This can increase testing capabilities to check whether a product is a great market fit. Additionally, parts made from titanium in the aerospace sectors offer higher dimensional accuracy and a greater mechanical strength. These factors are expected to drive the global 3D printing materials market demand.
3D Printing Materials Market Size, 2022 To 2030 (USD Billion)
The annual Global Economic League Table published by a British firm predicts that in 2022, the world economy will reach $100 trillion. However, because policymakers are anticipated to continue wrangling over price increases, this economic growth is predicted to stagnate in 2023. The analysis concludes that the IMF's prognosis is more negative right now. According to the IMF, there is a 25% possibility that the global GPD will increase by less than 2% in 2023, and a third of the world's economies will collapse. Regarding its influence on the economy, the current conflict between Russia and Ukraine is anticipated to get worse during the projected period. A slowdown in global economic growth is expected due to the enormous and historic shocks brought on by Russia's assault against Ukraine.
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1. Rising Demand for High-Performance Materials: Demand for 3D printing materials is expected to widen during the forecast period owing to increasing demand for high-performance materials across various end-use industries, including aerospace and automotive. The benefits of 3D printing include a faster production process, superior quality products, and cost-effectiveness; nature will add value to the 3D printing materials market. Additionally, studies indicate that 3D printing reduces the risk of errors and is highly preferred for mass production activities.
2. Technological Advancements: Rising application of 3D printing is increasing due to rapid technological developments within developed economies, especially the U.S. and Europe. Increasing demand for personalized products combined with favorable government policies supporting 3D printing is expected to increase the footprint of the global 3D printing materials market. Additionally, the ability to print low-component products and equipment in less time, along with rising awareness about cost and weight-saving factors, will widen the scope of the market.
3. Increasing Adoption of 3D Printing: 3D printing involves utilizing various raw materials such as metals and polymer powder. This makes 3D printing extremely cost-effective when compared to traditional production methods. Manufacturers are taking note of the advantages of 3D printing and are utilizing 3D printing methods owing to their reduced wastage and ability to produce complex geometries.
The global 3D Printing Materials market can be categorized on the following: Type, Form, Technology, Application, End-Use Industry, and Regions. Based on type, the market can be categorized into plastics, metals, ceramics, and others. By form, the market can be segmented across powder, filament, and liquid. Based on technology, the market can be split between FDM, SLS, SLA, DMLS, and Others. By application, the market ca be differentiated between protoyping, manufacturing, and others. By end-use industry, the market can be fragmented across aerospace & defense, healthcare, automotive, consumer goods, construction, and others. By Likewise, based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.
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Based on Type
Ceramics to Account for the Largest Market Share Owing to Rapid Adoption for Producing 3-D Printed Vases, Bowls, and Sculptures
The global 3D printing materials market is expected to dominate the ceramic segment during the forecast period in terms of revenue and share. Factors such as increasing adoption of ceramics for producing 3D printed ceramic vases, bowls, and sculptures combined with the ability of materials to be formed into desired shapes with relative ease will increase the footprint of the segmental value. Ceramics can also be turned into a powder mixture without any binders or other additives using conventional technologies such as injection moulding, die pressing, tape casting, and gel casting. These factors are expected to widen the scope of ceramics further. Plastics will grow with the fastest growing CAGR during the forecast period owing to easy mouldability at a cost-effective nature.
Based on Form
Powder Segment to Accommodate the Largest Market Share Owing to Availability of a Wide Range of Raw Material
The powder segment will lead the global 3D printing materials market during the forecast period in revenue and share. The powdered form for 3D printing materials is consumed as metals and special alloys. Steel, titanium, silver, gold, aluminum, copper, bronze, and silica sand are available in powder form. All metal powders possess good resistance to high temperatures. Additionally, rising demand from the aerospace and automotive segment is expected to push the growth of the segmental value for powder. Filament will grow with the fastest growing CAGR during the forecast period owing to rising development in technological advancements.
Based on Technology
Electron-beam Melting (EBM) to Fuel Largest Market Share Owing to a Cost-Effective Nature
The electron-beam melting (EBM) segment will account for the largest market share during the forecast period in revenue and share. EBM is extremely cost-effective while manufacturing metal parts for high-end prototyping and small series productions. Additionally, the rising adoption of technology for manufacturing lightweight components and increasing utilization of 3D printing for producing turbine blades for jet engines will increase the footprint for electron-beam melting. Additionally, increasing demand from the healthcare segment and rising utilization within the automotive sector will add value to EBM, fuelling the growth of the global 3D printing materials market. FDM will grow with the fastest-growing CAGR during the forecast period owing to rising technology adoption.
Based on End-Use Industry
Healthcare to Lead Global Market Share Owing to Rising Demand from Personalized & Precision Medicine
The healthcare segment is expected to account for the largest market share in revenue and share. Factors such as increased demand for personalized and precision medicine combined with the rising adoption of 3D printing technology for applications such as surgical planning models will add value to the healthcare segment. Additionally, 3D printing materials are used for 3D-printed vasculature and 3D-printed surgical tools and techniques. These improve the clinical experience during surgeries exponentially. These factors are expected to increase the footprint of the healthcare segment. Consumer goods will grow with the fastest growing CAGR during the forecast period owing to rising laptop, television, and smartphone sales.
Based on Region
North America to Fuel Largest Market Share Owing to Rising Adoption of New Technologies
The global 3D printing materials market is expected to be dominated by the North American region in terms of revenue and share. Numerous prominent players, including Stratasys and 3D Systems, Inc., reside within the region. The rising number of players entering the market, such as General Electric, will add value to the regional growth. Growing demand from end-use industries such as aerospace and defense, healthcare, electronics, and electricals, and automotive is expected to increase the footprint of the North American 3D printing materials market. The United States spends most of its GDP on improving its defense capabilities. This is expected to widen the scope of the 3D printing materials market in North America.
Asia Pacific is expected to grow with the fastest growing CAGR during the forecast period owing to rising demand for 3D printing products from emerging economies including Japan, China, and South Korea. Additionally, higher investments in research and development combined with growing disposable income among the general population will increase the footprint of the regional market.
The global 3D printing materials market is expected to be highly competitive due to the entry of numerous startups. Additionally, many legacy players are already present in the market and are focused on expanding their global presence through various strategies, such as merging and acquiring with local players. Prominent leaders focus on improving their manufacturing practices to cater to the ongoing demand from various end-use industries.
The key players in the global 3D Printing Materials market include - Hogans (Sweden), 3D Systems Corporation (U.S.), General Electric (U.S.), Arkema S.A. (France), Royal DSM N.V (Netherlands), Stratasys Ltd. (U.S.), Evonik Industries AG (Germany), EOS GmbH (Germany), Sandvik AB (Sweden), ExOne (U.S.), Arcam AB (Sweden), Materialise NV (Belgium), CRP Technology S.R.L. (Italy), Envisiontec Inc. (U.S.) among others.
Recent Market Developments:
· November 2020: Stratasys announced that they were launching ABS-based carbon fiber material for their F123 Series 3D printer. This is the printer that is based on Stratasys's first composite material. Carbon fiber materials have proven extremely popular for various uses, such as jigs, fixtures, and tooling on Stratasys's industrial-scale FDM 3D printers.
· August 2022: Sandvik signed and completed an agreement to acquire 100% of the equity interests in Switzerland-based Sphinx Tools Ltd and their wholly owned subsidiary P. Rieger Werkzeugfabrik AG.
· July 2022: Markforged announced they were releasing their first high-temperature printing polymer. It is a highly durable thermoplastic with excellent flame, smoke, and toxicity properties. ULTEM Filament, suitable for production aerospace applications, will extend Markforged's CFR technology into a new realm of parts. Due to this acquisition, ULTEM Filament will be available in a new parts domain.
Segmentation of the Global 3D Printing Materials Market
- Type (Plastics, Metals, Ceramics, Other Types)
- Form (Powder, Filament, Liquid)
- Technology (FDM, SLS, SLA, DMLS, Other Technologies)
- Application (Protoyping, Manufacturing, Other Applications)
- End-Use Industry (Aerospace & Defense, Healthcare, Automotive, Consumer Goods, Construction, Other End-Use Industries)
- Region (North America, Europe, Asia Pacific, Latin America, Middle East & Africa)
|Regions & Countries Covered
- North America - (U.S., Canada, Mexico)
- Europe - (U.K., France, Germany, Italy, Spain, Rest Of Europe)
- Asia Pacific - (China, Japan, India, South Korea, South East Asia, Rest Of Asia Pacific)
- Latin America - (Brazil, Argentina, Rest Of Latin America)
- Middle East & Africa - (GCC Countries, South Africa, Rest Of Middle East & Africa)
- Hogans (Sweden)
- 3D Systems Corporation (U.S.)
- General Electric (U.S.)
- Arkema S.A. (France)
- Royal DSM N.V (Netherlands)
- Stratasys Ltd. (U.S.)
- Evonik Industries AG (Germany)
- EOS GmbH (Germany)
- Sandvik AB (Sweden)
- ExOne (U.S.)
- Arcam AB (Sweden)
- Materialise NV (Belgium)
- CRP Technology S.R.L. (Italy)
- Envisiontec Inc. (U.S.)
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