Segments - 3D Printing Materials Market by Product (Metals, Ceramics, Plastics, and Others), End-user (Aerospace & Defense, Automobile, Medical, Aerospace, Medical, and Industrial), and Region (Asia Pacific, North America, Latin America, Europe, and Middle East & Africa) - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast 2023 – 2031
The 3D printing materials market size was valued at nearly USD XX Bn in 2022 and is anticipated to reach USD XX Bn by 2031, expanding at a CAGR of XX% during 2023 – 2031. The market growth is attributed to the flexibility in developing customized products and reductions in costs of manufacturing components from the consumer electronics, medical, aerospace & defense, and automotive sectors.
3D printing use computer-aided engineering designs to create three-dimensional objects through layering methods. 3D printing methods are referred to as additive manufacturing as they involve the layering of varied materials in different shapes on top of each other. Manufacturing of objects ranging in size, rigidity, shape, and color is possible through 3D printing. 3D printing involves blocks of material or molds in manufacturing physical objects by stacking and fusing layers of material.
3D printing aids in the manufacturing and prototyping components for a wide scale of applications, cost-effectively and in less time. Selecting the right 3D printing process and materials enable the creation of components with desired functional characteristics and mechanical properties.
Commonly used materials in 3D printing are acrylonitrile butadiene styrene (ABS), plaster, polylactide or polylactic acid (PLA), alumina, silica, waxes, and tissues. 3D printers are utilized in printing PLA filaments and pure metal filaments. Polycarbonate 3D printing filaments are dimensionally stable, strong, heat-resistant plastics with improved impact strengths. 3D concrete printing involves the deployment of large-scale 3D printers that measure around 30 feet in height and length nozzles that extrude concrete. 3D printing construction machines for manufacturing concrete generally are robotic arm systems or gantries.
The COVID-19 pandemic restricted the 3D printing materials market due to the abrupt closing of businesses during government-imposed lockdown restrictions worldwide. This resulted in a decrease in manpower at manufacturing units. The demand for 3D printed materials from the automotive sector faced a severe decline, with several countries shutting down automotive manufacturing units. As per the reports of the International Organization of Motor Vehicle Manufacturers, the global vehicle production of 2019 in the third quarter was close to 65 million, which decreased significantly to 50 million in 2020.
3D printing offers a reduction in manufacturing process wastes, cost-effectiveness, improved designs, and simplification of complex designs, which is likely to fuel the market during the forecast period. Reduction in structural mass, and weight, with improved strength through the use of 3D printing materials, are likely to boost the market.
Cost of conversion of raw materials in standard forms such as filaments, liquid, and powder are high which adds up production costs. Prices of 3D printing materials are higher than those used in traditional manufacturing, which is likely to hamper market growth.
Surge in the use of 3D printers at home, offices, malls, and stores allows users to print low-cost 3D products in less duration, which is a lucrative opportunity for the expansion of the 3D printing materials market. Carbon 3D printers are in huge demand for precision quality printing at high speeds, which is anticipated to create new opportunities for the market players.
The report includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.
Attributes |
Details |
Report Title |
3D Printing Materials Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast |
Base Year |
2022 |
Historic Data |
2016 – 2021 |
Forecast Period |
2023 – 2031 |
Segmentation |
Product (Metals, Ceramics, Plastics, and Others) and End-user (Aerospace & Defense, Automobile, Medical, Aerospace, Medical, and Industrial) |
Regional Scope |
Asia Pacific, North America, Latin America, Europe, and Middle East & Africa |
Report Coverage |
Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast |
Key Players Covered in the Report |
ENVISIONTEC US LLC; EOS; Sandvik AB; 3D Systems Inc.; Arkema; Covestro AG; CRS Holdings Inc. (LPW Technology Ltd); Solvay; Höganäs AB; Stratasys Ltd.; Ultimaker BV; General Electric; and CRP TECHNOLOGY S.r.l. |
In terms of product, the market is divided into metals, ceramics, plastics, and others. The plastics segment is expected to dominate the market during the forecasted period. Cost-effectiveness and ease of manufacturing plastic prototypes in comparison to fibers and metals. Simplifying complex designs through plastic prototypes at low costs and without the loss of raw materials is likely to drive the segment.
The metals segment is anticipated to hold a key market share in the coming years, due to the growing use of manufacturing prosthetics and implants. Manufacturing processes consume less time with negligible material loss. The growing applications in metal printing, aerospace, automotive 3D printing, and industrial machinery sectors are likely to boost the segment.
On the basis of end-user, the market is divided into aerospace & defense, automobile, medical, medical, and industrial. The aerospace & defense segment is anticipated to hold a key share of the market, due to the enhanced applications of 3D printing in the manufacturing of aircraft parts such as wings, jigs, and engine parts. The accurate manufacturing of aircraft parts with high dimensional accuracy is likely to boost the segment during the forecast period.
The automobile segment is anticipated to hold a key share of the market, due to the enhanced use of 3D printing technologies for manufacturing plastic and metal automobile parts. Manufacturing and replicating automobile spare parts through the assistance of 3D printing in varied material types are expected to boost the segment in the coming years.
In terms of region, the global 3D printing materials market is classified as Asia Pacific, North America, Latin America, Europe, and Middle East & Africa. North America is expected to dominate the market during the projection period, owing to the increasing demand for metals from the aerospace and automotive & aerospace & defense industry. Growing demand from the aerospace, industrial, and automotive sectors, due to rapid industrialization is anticipated to fuel the market in the region.
The market in Asia Pacific is projected to grow at a rapid pace, owing to the growing demand for consumer products from countries such as South Korea, Japan, and China. Rising product demand from the healthcare sector is expected to propel the market in the region.
The global 3D printing materials market has been segmented on the basis of
Players in the global 3D printing materials market are ENVISIONTEC US LLC; EOS; Sandvik AB; 3D Systems Inc.; Arkema; Covestro AG; CRS Holdings Inc. (LPW Technology Ltd); Solvay; Höganäs AB; Stratasys Ltd.; Ultimaker BV; General Electric; and CRP TECHNOLOGY S.r.l. These companies use strategies such as mergers, acquisitions, partnerships, collaboration, and product launches to increase their presence.