3D Printing Materials Market Research Report - Global Forecast till 2030

Global 3D Printing Materials Market Research Report: Information by Material Type (Metal, Plastic, and Ceramic), End-Use Industry (Automotive, Aerospace & Defense, Medical, Consumer Goods, Construction, and Others), Region (North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa)—Forecast till 2030

ID: MRFR/CnM/1380-HCR | December 2022 | Region: Global | 115 Pages         

3D Printing Materials Market

3D Printing Materials Market is projected to be worth USD 4.5 billion by 2030, registering a CAGR of 23.5% during the forecast period (2021 - 2030).

Segmentation

By Material Type Metal Plastic and Ceramic
By End-Use Industry Automotive Aerospace & Defense Medical Consumer Goods Construction Others

Key Players

  • 3D Systems Corporation (US)
  • Royal DSM N.V. (Netherlands)
  • General Electric (US)
  • Stratasys Ltd. (US)
  • Hoganas AB (Sweden)
  • Materialise NV (Belgium)
  • The ExOne Company (US)
  • Arkema SA (France)
  • Evonik Industries AG (Germany)

Drivers

  • Increasing application in aerospace
  • Demand for 3D printing materials for medical devices
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3D Printing Materials Market Overview


The 3D printing materials market trends are expected to soar high during the ongoing forecast period of 2021-2028. During the historic forecast period that ended in 2019, the global market was valued at a market figure worth USD 1.6 billion. For the ongoing forecast period of 2021-2028, the global market has been predicted to attain a global CAGR of 23.5% during the period. By the end of the forecast period in 2028, the market has been valued at a global figure worth USD 4.5 billion.


COVID 19 Analysis


The pandemic is introducing an alternate sort of battle for various business sectors and organizations as it is emerging as a public healthcare emergency and is also bringing major changes in the lives of the common man. Rather, the arrival of the pandemic has been a game-changer for the global functional markets and the target audience especially during the forecast period that has begun in 2021 and will be ending in 2028. The limitations and social norms of distancing as standards are affecting the 3D printing materials market size and products and further, creating issues on the global expansion and collaborative goals of the market set for the period. Also, the global governments are being forced to take serious steps and introduce measures that will halt the production and manufacturing functions of the 3D printing materials industry and thus, is likely to hamper the maintenance mechanism that exists between the demand and supply quantum of the market products and services during the forecast period.


In any case, the ideal announcement and implementation of supportive laws and regulations are pushing the significant market players to move their production and assembling units to dynamic countries of the APAC market like the Indian subcontinent, and others like China, and Indonesia. Likewise, the market players are expanding their interest in the innovative work area that guarantees a decent future for the market by the end of the forecast period in 2028. The market players are delivering items and dispatching them on a global scale to produce a larger and loyal target audience.


Market Dynamics


Drivers


There has been a substantial increase in the 3D printing materials market value especially in the aircraft industry which is one of the earliest adopters of the 3D printing technology. The technology is emerging to be highly useful in the production of complex parts. This provider the designers with an excellent advantage of creating the best parts that are offered at a reduced cost followed by feasible production.


Restraints


The 3D printing materials market trends are an easy way for manufacturing the market products and products. However, one concerning factor is that these market products are expensive as they are expensive as there is a hike in the high material costs. This is one of the major restraints that might challenge the market from growing as per the predictions for the forecast period ending in 2028. The cost is high as there is a higher standard of composition and purity that is required for the market services.


Technology Analysis


The 3D printing materials market revenue has great opportunities on the way because of technological developments and advancements because of the resource and raw material availability. Education is one of the largest and fastest expanding industries that is one of the major recipients of the 3D printing materials market. The use of 3D printing in the education sector is still in the developing stage along with many institutions are beginning with the setting up of labs that support 3D printing. Many governments are belonging to global locations that are increasing their investment in 3D printing technology that will play a great role for the market during the forecast period ending in 2028.


Study Objectives



  • To concentrate on the available innovation and variation available in the market products and services. Also, the report seeks to help the audience develop a firm understanding of the market and the worth of the market tasks during the ongoing forecast period followed by discussing the potential held by them to meet and accomplish the rising needs of the target audience.

  • To concentrate on the income potential moved by the general market and its segments that are rendering their operations and functions in various regional and international markets to meet the rising needs of the target audience during the period.

  • To draw a cutthroat competitive chart among the practical players of the market and further, understanding their ability to enhance the 3D printing materials market size during the period with the rising innovation and investment. Likewise, the report plans to study the new developments that are on the way during the forecast period that will be ending in 2028.


Segment Overview


Based on the 3D printing materials market revenue goals for the forecast period of 2021-2028, the market aims to cater to the rising needs of the target audience through elaborated functioning. The market has been segmented based on the following:


Based on the form


The form segment of the market has been segmented as filament, power, and liquid.


Based on the market end-users


The market end-users include consumer goods, construction companies and units, automotive, healthcare service units and centers, aerospace and defense sector, and others like education, food, and electronics, amongst others.


Based on the type


The market type includes wax, plastic, ceramic, metal, and others like bio-inks, and wax, amongst others.


Based on the applications


The market applications are research and development, manufacturing, and prototyping.


Based on technology


The market uses technology like FDM, DMLS, SLA, SLS, and others like binder jetting, MJF, and poly jet amongst others.


Regional Analysis


The 3D printing materials market revenue is expected to be the highest in 4 major regions across the globe. The North American market is likely to hold the largest market share in the global market operations that will be propelled in the forecast period of 2021-2028. This trend was similar during the historic forecast period that ended in 2019. The high market demand for metal materials from aerospace and defense along with the automotive industries is playing a major role in enhancing the higher consumption of 3D printing materials. Also, the adoption of 3D printing in the healthcare industry for medical and dental implants is likely to support the market growth that has been predicted for the period that will be ending in 2028. Post the emergence of the pandemic in 2020, the demand for 3D printing materials is showing signs of improvement in various regions in the last quarter of 2020 followed by the trends emerging in 2021.


Competitive Landscape


The 3D printing materials market demand is the highest due to the efforts of various global regions. The market players are:



  • 3D Systems Corporation (US)

  • Royal DSM N.V. (Netherlands)

  • General Electric (US)

  • Stratasys, Ltd. (US)

  • Hoganas AB (Sweden)

  • Materialise NV (Belgium)

  • The ExOne Company (US)

  • Arkema SA (France)

  • Evonik Industries AG (Germany)


Recent Developments


December 2021-Essentium is working on an extrusion-based metal additive manufacturing platform, which is expected to be integrated with its own High-Speed Extrusion technology. The metal capability of the company has been worked on since last December and will help bolster aluminium grades to refractory metals, paving the way for more extensive application ranges.
Its metal 3D printing technology is entirely sinter-free, and powder-free, and offers benefits like reduced porosity, lower warpage, and energy-efficient deposition during a build.

December 2021- Desktop Metal has selected D2 tool steel for use in the Studio System 2, an advanced metal 3D printing solution that provides the most efficient way for printing high-performance 3D metal parts for pre-production coupled with end-use applications.
Desktop Metal is the first firm to provide a 3D printing material utilizing a two-step bound metal additive manufacturing method, letting the customers benefit from the hands-free technique to develop components for high-strength applications like dies, cold work metal forming tools, injection molds, and punches with conformal cooling channels.

Stratasys Limited
is one of the prominent market players that launched the next-generation PolyJet 3D printers that are known to be helpful in rapid prototyping applications that are applicable in an array of end-use industries. This is a new product that has made it to the global market and is expected to enable Stratasys to the creation of new polymer materials that can be used in PolyJet printers for various applications related to prototyping.


3D Systems Corporation took to the international market for the launch of 30 new materials for Figure 4 printers. These materials are inclusive of Figure 4 RGD-GRY 10, Figure RGD-GRY 15, Figure 4 ELAST-BLK, along with Figure 4 JCST-GRN. These are used largely in automotive and durable good applications followed by the use in casting jewelry patterns that will be available for the market during the forecast period ending in 2028.


Similarly, another prominent market player Royal DSM N.V. launched high-performing materials for Arnitel ID2060 HT and Somos PerFORM Reflect for additive manufacturing. The market players in the North American region are enhancing their investments that are giving rise to creative and innovative efforts and helping the market have a better hand at the market to evolve largely in both the regional and international market.
 

May 2019:
Markforged has released onyx FR, a 3D printing material that is flame-resistant. Along with its self-extinguishing capabilities, it will also offer high-quality surface finish, high-quality print, and high strength. The onyx FR will be widely used across defense, aerospace, and automotive industries as it will meet better fire safety standards.


Jan 2019
A Canadian bioplastic company, Advanced BioCarbon 3D (ABC3D), has created a wood-based bioplastic material for usage in 3D printing. ABC3D was registered among the top five hundred deep tech start-ups around the world by Hello Tomorrow, a French tech accelerator. The mission of ABC3D is to make sustainable carbon-free plastics for 3D printing to slow the worsening environmental situation. ABC3D’s bioplastic filament is created from waste wood, but the company is not in competing with the forestry companies.


Report Overview


The 3D printing materials market report covers various market aspects followed by studying the impact of the arrival of the pandemic during the forecast period of 2021-2028. The market report discusses the market segments that will help in meeting the demands raised by the target audience and hence, lead to market expansion. The report also discusses the recent market developments undertaken by the market players.



Report Scope:

Report Attribute/Metric Details
  Market Size   2028: USD 4.5 Billion
  CAGR   23.5% (2021–2028)
  Base Year   2020
  Forecast Period   2021 to 2028
  Historical Data   2019 & 2020
  Forecast Units   Value (USD Billion)
  Report Coverage   Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
  Segments Covered   Material Type, End-User and Region
  Geographies Covered   North America, Europe, Asia-Pacific, and Rest of the World (RoW)
  Key Vendors   3D Systems Corporation (US), Arkema S.A. (France), Royal Dsm N.V. (The Netherlands), The Exone Company (US), General Electric (US), Materialise NV (Belgium), Sandvik AB (Sweden), Evonik Industries AG (Germany), Höganäs AB (Sweden), EOS GmbH Electro Optical Systems (Germany), and Stratasys, Ltd (Israel)
  Key Market Opportunities   Rapid development and innovation of 3D printing materials in countries such as South Korea, China, Japan, and India
  Key Market Drivers

  • Increasing application in aerospace
  • Demand for 3D printing materials for medical devices


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    Frequently Asked Questions (FAQ) :

    The North American market is predicted to dominate the global market operations.

    3D Systems Corporation (US),Royal DSM N.V. (Netherlands),General Electric (US),Stratasys, Ltd. (US),Hoganas AB (Sweden),Materialise NV (Belgium),The ExOne Company (US),Arkema SA (France),Evonik Industries AG (Germany)

    The market is predicted to attain a global CAGR of 23.5%.