Global 3D Printing Materials Market - 2023-2030

Global 3D Printing Materials Market - 2023-2030

Market Overview

The global 3D printing materials market reached US$ XX million in 2022 and is expected to record significant growth by reaching up to US$ XX million by 2030 and growing at a CAGR of XX% during the forecast period (2022-2030).

3D printing materials, also known as filaments, are used in 3D printing to build an object layer by layer. It comes in various forms, such as plastics ABS (Acrylonitrile Butadiene Styrene) and PLA (Polylactic Acid), metals such as steel and titanium, Ceramics, wood-like materials and bioplastics made from natural materials like corn starch. The choice of material will depend on the properties required for the final object, such as strength, flexibility and resistance to heat or chemicals.

Market Dynamics

3D printing is being adopted across various industries, such as aerospace, healthcare, automotive and consumer goods, driving the demand for 3D printing materials. The development of new 3D printing technologies, such as metal 3D printing, is driving the market for 3D printing materials. The healthcare sector is one of the fastest-growing end-users of 3D printing materials, with increasing use in medical implants, prosthetics and surgical planning. 3D printing technology allows for the creation of customized products, driving the demand for 3D printing materials. The government is supporting the growth of the 3D printing industry through funding and initiatives, driving the demand for 3D printing materials.

An increase in research and development activities, rising adoption of 3D printing in the construction industry, growing adoption in the aerospace and defense industry and growing demand for bio-printing and tissue engineering drives the global 3D printing materials market.

The growing adoption of 3D printing technologies in the healthcare industry supports the growth of the global market

The adoption of 3D printing technology and materials in the healthcare sector is driving the growth of the global 3D printing materials market in several ways. 3D printing technology allows the creation of customized medical implants and prosthetics tailored to the patient's specific needs. It has resulted in increased use of 3D printing materials such as metals, ceramics and plastics in the healthcare sector. 3D printing technology is being used to create detailed models of patients' anatomy, which are used for surgical planning. It has led to increased use of 3D printing materials such as plastics and resins in the healthcare sector. 3D printing technology creates customized drug dosage forms, such as tablets and capsules, which can be tailored to the patient's specific needs. It has caused an increase in the Use of 3D printing materials such as plastics, ceramics and metals in the healthcare sector. It is also being used to create customized tissues and organs, which can be used for transplants and research. It has led to increased use of 3D printing materials, such as bioplastics and hydrogels, in the healthcare sector.

Furthermore, the healthcare sector is one of the fastest-growing end-users of 3D printing materials. The increasing use of 3D printing technology in the healthcare sector is driving the growth of the global 3D printing materials market.

The rise in the use of bio-based materials contributes to the growth of the global 3D printing materials market

Bio-based materials, also known as bioplastics, are made from natural materials such as corn starch, cellulose and lactic acid. Its materials are becoming increasingly popular in the 3D printing industry due to their environmental and economic benefits. Bio-based materials are more sustainable than traditional plastics, made from renewable resources and are biodegradable. It reduces the environmental impact of 3D printing and aligns with the growing demand for more sustainable products. Bio-based materials are often less expensive than traditional plastics, which makes them more cost-effective for 3D printing.

Additionally, as demand for bio-based materials increases, economies of scale could further reduce costs. Bio-based materials have properties similar to traditional plastics but with some added benefits like biodegradable, compostable and low toxicity. Many governments are promoting Use of bio-based materials through incentives and regulations, driving the growth of the bio-based materials market and, in turn, the 3D printing materials market. Bio-based materials also find application in medical and pharmaceuticals, where bio-compatibility is of utmost importance.

The growing popularity of bio-based materials in the 3D printing industry is driving the growth of the global 3D printing materials market due to their environmental and economic benefits, performance and government support. Additionally, bio-based materials are finding application in medical and pharmaceuticals where bio-compatibility is of utmost importance.

However, the high production cost is one of the main factors restricting the global 3D printing materials market growth. Some 3D printing materials, such as metals and ceramics, can be expensive to produce, increasing the overall cost of 3D printing. The cost of 3D printing machines can be high, especially for industrial-grade machines, making it difficult for small and medium-sized companies to adopt the technology. 3D printing machines require regular maintenance, which can be costly, especially for industrial-grade machines and 3D printing can require skilled labor, which can increase the overall cost of production. 3D printing can require a significant amount of energy, which can increase the overall cost of production. Some 3D printing materials may require additional post-processing, such as polishing, sanding and painting, which can increase the overall cost of production. Therefore, high production costs can make 3D printing less accessible for small and medium-sized companies, restricting the growth of the global 3D printing materials market.

COVID-19 Impact Analysis

The COVID-19 pandemic has impacted the global 3D printing materials market. The initial reaction to the pandemic was a decline in demand for 3D printing materials. Many manufacturing and industrial operations were shut down or slowed down to contain the virus's spread. However, as the pandemic has continued, there has been an increase in demand for 3D printing materials in certain industries, such as healthcare and personal protective equipment (PPE), as well as in the production of end-use parts and prototypes.

Segment Analysis

The global 3D printing materials market is segmented based on type, form, technology, application, end-user and region.

Owing to the lightweight and high performance of 3D printing materials, the manufacturing application segment is leading the global market

The manufacturing application segment is expected to dominate the global 3D printing materials market due to the increasing adoption of 3D printing technology in various manufacturing industries. 3D printing technology enables the production of complex and customized parts, which is not feasible with traditional manufacturing methods. Thus it is increasingly being adopted in various industries such as aerospace and defense, automotive, healthcare and consumer goods. Also, 3D printing enables the production of end-use parts, tools and prototypes, which reduces the lead time and costs associated with traditional manufacturing methods.

Moreover, the adoption of 3D printing technology in manufacturing industries also enables the production of lightweight and high-performance parts, further driving the growth of the manufacturing application segment of the 3D printing materials market.

Additionally, with the rising focus on sustainability and reducing waste, 3D printing materials in manufacturing are becoming more prevalent as it enables the production of only the necessary parts, minimizing waste material. Therefore, the increasing adoption of 3D printing technology in various manufacturing industries is expected to drive the growth of the manufacturing application segment of the global 3D printing materials market.

Geographical Analysis

The global 3D printing materials market is segmented based on type, form, technology, application, end-user and region.

Owing to the higher manufacturing base in the region drives up the sales of 3D printing materials in the North American market

North America is currently dominating the global 3D printing materials market due to several factors, such as the presence of a large number of 3D printing technology manufacturers, the presence of a large number of research and development centers and the high adoption rate of 3D printing technology in various end-use industries such as aerospace and defense, healthcare and automotive.

Additionally, U.S. and Canada are home to many key players in the 3D printing materials market, such as Stratasys, 3D Systems and EOS GmbH, which further contributes to the dominance of the North American region in the global market.

Competitive Landscape

The market is extremely fragmented, with a higher presence of small local players controlling most of the share. To increase their market share for 3D printing materials, most businesses heavily invest in thorough research and development projects. To maintain their competitiveness in the market, they are also implementing strategies such as product portfolio expansion and mergers and acquisitions. The key players in the market are 3D Systems Corporation, Arkema SA, Stratasys Ltd, The Exone Company, General Electric, EOS GmbH Electro Optical Systems, Materialise NV, Sandvik AB, Evonik Industries and BASF SE.

3D System Corporation

Overview:In addition to developing, producing and selling 3D printers, 3D printing supplies and 3D scanners, rock hill, south Carolina-based 3D systems also provides a 3D printing service. The company has expertise in advancing applications and industries and delivering leading additive manufacturing solutions. Plastics and metals are included in its extensive hardware, software and material solutions portfolio. The company’s product offering includes 3D printers, materials and software. The company’s business serves industrial and healthcare. The industrial section covers aerospace & defense, automotive, consumer technology, foundries, jewelry, semiconductor, motorsports and others and healthcare includes dental, medical devices and bioprinting. The company offers its products in over 68 countries.

Product Portfolio:

Plastic 3D Print Materials: The engineering plastics, elastomers and composites offered by the plastic 3D printing materials are diverse and can be tailored to the needs of each client's application in terms of flexibility, toughness, stiffness, clarity, stability, look and feel, biocompatibility, temperature or water resistance and other factors. Improved performances by using the plastics from 3D Systems for concept modeling, functional testing, rapid tooling and direct 3D part manufacturing.

Key Development:In September 2021, 3D Systems introduced two new production-grade 3D printing materials. According to ASTM D4329 and ASTM G154 testing, this material offers what 3D Systems describes as a desirable combination of impact strength, tensile strength and elongation properties that hold steady for up to eight years indoors and 1.5 years outdoors in real-world conditions.

Why Purchase the Report?
• To visualize the global 3D printing materials market segmentation based on type, form, technology, application, end-user and region, as well as understand key commercial assets and players.
• Identify commercial opportunities in the global 3D printing materials market by analyzing trends and co-development.
• Excel data sheet with numerous data points of 3D printing materials market-level with all segments.
• PDF report consisting of cogently put together market analysis after exhaustive qualitative interviews and in-depth market study.
• Product mapping available as excel consisting of key products of all the major market players.

The global 3D printing materials market report would provide approximately 77 tables, 83 figures and 210 Pages.

Target Audience 2023
• Manufacturers/ Buyers
• Industry Investors/Investment Bankers
• Research Professionals
• Emerging Companies