|Base Year Market Size
|USD 2.79 Billion
|Forecast Year Market Size
|USD 17.98 Billion
|Fastest Growing Market
The 3D Printing Materials Market Size was valued at USD 2.79 billion in 2022. It is projected to reach USD 17.98 billion by 2031, growing at a CAGR of 23% during the forecast period (2023–2031). Due to the latest innovations enabling 3d printing for medical applications the demand for 3d printing materials market will rise by 2031.
In contrast to using robots to improve efficiency, safety, and quality in construction, 3D printing does not follow conventional methods for laying bricks. In 3D printing, computer-controlled robots build three-dimensional models of buildings and other infrastructure. Materials used for printing played an essential role in the development of 3D printing, and the success of 3D printing is highly dependent on the material used for printing. One material that plays a significant role in the success of stereo lithography is a photopolymer, an acrylic-based material. Moreover, many worlds’ largest manufacturers have invested substantially in 3D printing research and development.
In particular, the aerospace, defense, and automotive industries are driving the need for 3D printing materials due to their growing demand for 3D printing technologies. In the automotive industry, 3D printing, also known as additive manufacturing, has opened up new possibilities for the design of high-tech products. With the help of additive manufacturing, safer, stronger, and lighter products can be designed in shorter time frames at lower costs. The ability to freely create new designs is a significant factor in the proliferation of 3D printing in the aerospace and defense industries. As a result of streamlining the production process, manufacturers no longer have to expend as much time or money on the supply chain.
The high cost of materials makes 3D printing more expensive than other manufacturing methods, which is a significant market barrier. The increased expense stems from 3D printing's strict demands for material purity and uniformity of composition. The high cost of the finished product makes it impractical to use metal materials for 3D printing, which typically range from USD 250 to USD 500 per kilogram. The materials used in automobile industrial-grade 3D printers are very pricey when compared to traditional production methods. Furthermore, 3D printers are difficult to use and control because they require specialized components, equipment, and high-voltage power sources.
New biocompatible 3D printing materials are expanding the medical applications of 3D printing. Surgeons can make precise replicas of a patient's bones and organs, as well as custom cutting and drill guides, using additive manufacturing (also known as 3D printing). Companies specializing in 3D printing for medical applications now make up nearly 16% of the industry. Due to the nature of 3D printing materials and machinery, prototypes can be created quickly during the design phase before production begins. For example, the automotive and aerospace industry prototype heavily uses these materials. The method not only has the advantage of lower costs and production viability, but it is also very efficient at producing complex pieces.
The global 3D printing materials market is bifurcated into four regions, namely North America, Europe, Asia-Pacific, and LAMEA.
North America Dominates the Global Market
North America is the most significant shareholder in the global market and is expected to grow during the forecast period. The proliferation of 3D printing across different industries and the availability of more materials will create growth opportunities. Growth is expected to be rapid thanks to improvements in technology and the elimination of barriers to entry like shoddy craft and a lack of technical know-how in international markets, with the United States serving as the industry's primary source of revenue. In addition, it is anticipated that the leading market players' efforts to develop and disseminate novel 3D concrete printing processes in the region will contribute to the 3D printing materials market's growth.
Asia-Pacific is expected to grow during the forecast period. Rising demand in the healthcare, construction, and education sectors, as well as a plethora of government-led strategies and policies favoring 3D printing technology, contribute to the region's rapid expansion. China is second only to Japan as a consumer of 3D printing supplies. Several end-use industries, such as transportation, healthcare, aerospace, and defense, are rapidly adopting additive manufacturing, making China one of the fastest-growing markets for 3D printing materials. Automakers are increasingly adopting the 3D printing process because of its many benefits, including low cost, shorter manufacturing time, reduced material wastage, etc.
The increasing number of 3D printing construction projects in countries such as Germany, France, Italy, Denmark, and Italy is a significant factor in the market's growth. These companies use tactics like expansion, new product launches, and strategic alliances to strengthen their standing in Europe's 3D printing market. In addition, there is a growing presence of major automobile companies in this region, and automakers are increasingly using 3D printing technology. Because FDM-produced car parts result in lighter vehicles with better performance and lower energy consumption, 3D printing materials are also in high demand in Germany and France. Market revenue in this area is anticipated to grow due to these factors.
Revenue growth in this market is being fueled in part by a growing healthcare infrastructure and an uptick in the use of 3D printing for a variety of implants. Furthermore, favorable government policies and substantial investments in materials R&D are anticipated to fuel market revenue expansion. It is predicted that high untapped market potential in nations like Colombia, Brazil, Argentina, Chile, and Peru will present profitable growth prospects for the industry.
|Arkema S.A. Sandvik AB Stratasys Ltd. General Electric 3D System ExOne Company EOS GmbH Electro Optical Systems Materialise NV Royal DSM Höganäs AB.
|U.K. Germany France Spain Italy Russia Nordic Benelux Rest of Europe
|China Korea Japan India Australia Taiwan South East Asia Rest of Asia-Pacific
|Middle East and Africa
|UAE Turkey Saudi Arabia South Africa Egypt Nigeria Rest of MEA
|Brazil Mexico Argentina Chile Colombia Rest of LATAM
|Revenue Forecast, Competitive Landscape, Growth Factors, Environment & Regulatory Landscape and Trends
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The global 3D printing materials market is segmented by form, end-use, type, and application.
The global 3D printing materials market share is bifurcated into powder, filament, and liquid.
The filament segment is the highest contributor to the market and is expected to grow during the forecast period. Due to the widespread adoption of filament for 3D printing, it is anticipated to be the fastest-growing global market segment over the forecast period. Polylactic acid (PLA), nylon, acrylonitrile butadiene styrene (ABS), photopolymers, polyvinyl alcohol (PVA), polycarbonate (PC), high-density polyethylene (HDPE), and other thermoplastics are just some of the materials used in filament form. The unique properties and high melting temperatures of filaments are primarily responsible for their rapid adoption in producing props, jigs & fixtures, toys, assembly components, and educational models.
The global 3D printing materials market is bifurcated into automotive, aerospace and defense, healthcare, consumer goods, construction, and others.
The aerospace and defense segment is the highest contributor to the market and is expected to grow during the forecast period. The increasing use of 3D printing in the aerospace industry to develop and produce intricate components is fueling growth in this market. Increases in defense spending are also anticipated to increase demand for 3D printing materials soon. And as 3D printing materials continue to improve, we can expect lighter, stronger, and safer products at lower costs and shorter lead times.
The global 3D printing materials market is bifurcated into plastic, metal, ceramic, and others.
The metal segment is the highest contributor to the market and is expected to grow during the forecast period. Metal is the most common material for 3D printing because it has many uses in industries ranging from transportation to aerospace to medicine. While metal remains the most popular material for 3D printing, plastic is rapidly gaining popularity. Due to their efficiency and longevity, plastics are frequently used in production and prototype development. The advantages of productivity, durability, repeatability, and lower total costs make plastic 3D printing materials ideal for creating accurate and repeatable fixtures and jigs in manufacturing processes.
The global 3D printing materials market is bifurcated into prototyping, manufacturing, and R&D.
The manufacturing segment is the highest contributor to the market and is expected to grow during the forecast period. Due to the faster production process and lower operational costs, the manufacturing sector is anticipated to account for the largest market share during the forecast period. The automotive, building, healthcare, aerospace and defense industries are just a few of the many that use 3D printing to mass produce high-quality components and parts. 3D printing is used for more than just cars these days; it's also used to make phone cases, toys, and other items to cut down on waste. As a result of its many benefits, including shorter production times and lower costs, this technology has seen widespread adoption in these end-use industries.