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.
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.
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.
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.
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.
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.
The 3D printing materials market demand is the highest due to the efforts of various global regions. The market players are:
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.
|Market Size||2028: USD 4.5 Billion|
|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||
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%.