The global 3D printing materials market size was USD 1.97 Billion in 2021 and is expected to register a revenue CAGR of 23.7% over the forecast period, according to the latest report by Reports and Data. Market revenue growth is primarily driven by growing adoption of 3D printing materials in the global healthcare industry.
Healthcare companies are increasingly adopting 3D printing technology for applications ranging from 3D-printed bioreactors and vasculature to surgical planning models. In addition, rising demand for personalized precision devices has led to large-scale adoption of 3D printing technology. Moreover, increasing innovations by engineers is expected to drive market revenue growth. For instance, engineers have developed a 3D printed airway splint for babies with tracheobronchomalacia, thus enabling them to live more normal lives by supporting tiny airways near lungs that could collapse as a result of this condition. Furthermore, rising implementation of 3D printing technology in the healthcare industry is expected to provide significant opportunities for market players in the future.
Top Manufacturers: 3D Systems, Inc., Stratasys, Arkema, Materialise, EOS, CRS Holdings, LLC., Solvay, Desktop Metal, Inc., DSM, and Ultimaker BV.
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Some Key Highlights From the Report
- The plastic segment is expected to register a rapid growth rate during the forecast period owing to increasing need for low cost, ease of manufacture, versatility, and water resistance. Plastics are widely used in manufacturing and prototyping owing to their durability and efficiency. Plastic 3D printing materials are used to create accurate and repeatable fixtures and jigs in manufacturing processes owing to advantages such as productivity, durability, repeatability, and lower total costs. In addition, increasing need for streamlined workflows to accelerate digital design, create appearance models, and build functional prototypes is also driving revenue growth of this segment.
- The filament segment is expected to register a rapid growth rate during the forecast period. Plastic materials are typically used as filaments in 3D printing processes. Filaments retain good tensile strength and can withstand heavy loads, so they are commonly used for prototypes and investment casting molds as they become flexible at the right temperature. These characteristics make filaments a great choice for printing plastic automotive parts, moving parts, musical instruments, kitchen appliances, electronic housings, and various toys. These factors are expected to contribute to revenue growth of this segment.
- The Fused Deposition Modelling (FDM) segment is expected to account for largest market share over the forecast period owing to increasing need for faster 3D printing. Easy scalability of FDM technology allows for printing of larger objects at lower costs. In addition, FDM process involves layering materials in a pattern and fusing them together, thus, it is widely accepted as a simple method of 3D printing. FDM 3D printing technology is the first choice of end-users, as a result of its ease of use and low complexity.
- The manufacturing segment is expected to account for largest market share over the forecast period owing to faster production process with low operational costs. 3D printing is used for mass production of superior parts and components in a number of end-use industries, including automotive, construction, healthcare, and aerospace, and defense, among others. Besides automotive components, 3D printing is also used to produce mobile cases, toys, and a number of other products to reduce material waste. This technology has been widely adopted in these end-use industries due to its advantages such as its ability to reduce manufacturing costs and lead times.
- The healthcare segment is expected to register a steady growth rate during forecast period. 3D printing is used to manufacture various medical products, including surgical equipment, prosthetics, and implants. Medical applications of 3D printing materials include orthopedics, dentistry, and ophthalmology. This technology allows the healthcare industry to create patient-specific devices based on their anatomy, which is expected to drive demand for 3D printing materials. Increasing advancements in 3D printing materials have resulted in lighter, stronger, and safer products at lower costs and reduced lead times.
- The North America market is expected to account for largest revenue share in the global market during the forecast period. Rapid growth rate of the market is attributed to increasing presence of major market players, such as 3D Systems, Inc., Stratasys, and Desktop Metal, Inc., among others, which is expected to drive market revenue growth in this region. Increasing demand for metal parts in the aerospace and defense industry has resulted in increasing adoption of 3D printing materials, which helps to create replacement or original parts, as well as create prototypes. According to data, 3D printing has evolved from a Research Development (RD) tool to manufacturing technology in countries such as the U.S. and Canada. Many manufacturing companies in the region are using 3D Printing as a production tool to address supply chain issues, thus contributing to revenue growth of the market.
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Segments covered in the report:
Type Outlook (Revenue, USD Billion; 2019-2030)
- Plastic
- Metal
- Ceramic
- Others
Form Type Outlook (Revenue, USD Billion; 2019-2030)
- Filament
- Powder
- Liquid
Technology Outlook (Revenue, USD Billion; 2019-2030)
- Fused Deposition Modeling (FDM)
- Selective Laser Sintering (SLS)
- Stereolithography (SLA)
- Direct Metal Laser Sintering (DMLS)
- Others
Application Outlook (Revenue, USD Billion; 2019-2030)
- Prototyping
- Manufacturing
- Others
To know more about the report: https://www.reportsanddata.com/report-detail/3d-printing-materials-market
Table Of Contents:
Report Overview
1.1 Research Scope
1.2 Key 3D printing materials Market Segments
1.3 Major Players
1.4 Market Analysis By Product Type
1.5 Market Analysis By Application
1.6 Report Timeline
Global Growth Trends
2.1 Global 3D printing materials Market Size
2.2 Latest Regional Market Trends
2.3 Emerging Growth Trends
Competitive Outlook
3.1 Global 3D printing materials Market Key Players
3.2 Global 3D printing materials Size By Manufacturers
3.3 Products Of Major Players
3.4 Entry Barriers In The 3D printing materials Market
3.5 Mergers, Acquisitions, Joint Ventures, And Other Strategic Alliances
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