Demand For 3D Printing Materials Market To Soar In Coming Years In Top Regional Markets : Fact.MR

The 3D printing materials market refers to the global market for the materials used in 3D printing, also known as additive manufacturing. 3D printing materials are used to create physical objects by building up layers of material, one on top of the other, based on a 3D model or design. The 3D printing materials market is driven by the increasing adoption of 3D printing technology in a range of industries, including aerospace, automotive, healthcare, and consumer goods. The ability to create complex shapes and designs using 3D printing has led to the development of new and innovative products, while reducing production costs and lead times.

The materials used in 3D printing vary depending on the application, with different materials offering different properties, such as strength, flexibility, and durability. The most commonly used materials in 3D printing include plastics, metals, ceramics, and composites. The 3D printing materials market is highly competitive, with a large number of manufacturers and suppliers operating globally. Key players in the market include Stratasys Ltd., 3D Systems Corporation, EOS GmbH, Arkema SA, and Evonik Industries AG. These companies offer a range of 3D printing materials, including filaments, powders, resins, and other specialty materials, to meet the needs of their customers.

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Geographically, the 3D printing materials market is segmented into North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa. North America and Europe are the largest markets for 3D printing materials, driven by the presence of leading 3D printing companies and a strong focus on innovation and technology. The Asia Pacific region is also a significant market, with a high demand for 3D printing materials in countries such as China, Japan, and South Korea.

Overall, the 3D printing materials market is expected to continue growing in the coming years, driven by the increasing adoption of 3D printing technology in a range of industries, the development of new and innovative materials, and the expansion of the 3D printing market into new regions and applications.

Key segments covered

  • Module
    • 3D printing powder
    • Filament for 3D printing
    • 3D printing liquid
  • Technology
    • Fabrication of fused filaments
    • Selective laser sintering
    • Stereolithography
    • Direct laser sintering of metal
    • Others
  • Guy
    • Plastic materials for 3D printing
    • Metal 3D printing materials
    • Ceramic materials for 3D printing
    • Others
  • Application
    • 3D printing materials for prototyping
    • 3D printing materials for manufacturing
    • 3D printing materials for research and development
  • Vertical
    • 3D printing materials for the automotive industry
    • 3D printing materials for the aerospace and defense industry
    • 3D printing materials for healthcare
    • 3D printing materials for consumer goods
    • 3D printing materials for construction
    • Others

Highlights of the market study

  • North America is likely to generate $3 billion worth of absolute opportunity by 2031
  • Asia will be the largest market, with a 38% revenue share through 2031
  • In terms of shape, filament has about 41% of the overall market share in 2021.
  • In terms of technology, fused filament fabrication is estimated to account for a 31% market share in 2021
  • Filament 3D printing materials will have a bigger influence, accounting for more than 2 out of 5 sales
  • By vertical, automotive applications accounted for more than 3/10 of the revenue share in 2020

Competitive landscape

Some of the major players in the market include 3D Systems Corporation, Arkema SA, Royal DSM NV, The Exone Company, Stratasys Ltd., General Electric, Materialize NV, Sandvik AB, Hoganas AB, Evonik Industries AG, Voxeljet AG, Markforged Inc., SLM Solutions Group AG, Impossible Objects, Inc., LPW Technology Ltd., Envisiontec, Inc., Carbon, BASF New Business GmbH and Eco-Industrial Co. Ltd.

  • In order to build a high-production in-house factory to support wind tunnel operations enabled by 3D Systems solutions, Sauber Motorsports AS and 3D Systems Corporation entered into a long-term partnership in 2021. The company supplied Sauber parts of high quality for 3D printing iterations of aerodynamic models.
  • In April 2021, three new 3D printers from Stratasys Ltd. were released, which together cover a significant portion of the multi-billion dollar market opportunity in additive manufacturing of end-use parts. For low to medium volume manufacturing applications that are not well served by conventional manufacturing methods, the systems are intended to accelerate the transition from traditional to additive manufacturing.