Global Stereolithography 3D Printing Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global Stereolithography 3D Printing Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Stereolithography belongs to a family of additive manufacturing technology, called reductive photopolymerization, which is usually called resin 3D printing. These machines are all made according to the same principle, using light source, laser or projector to solidify liquid resin into hardened plastic. The main physical difference lies in the arrangement of core components, such as light source, building platform and resin tank. Stereolithography can be used to create prototypes for products under development, medical models and computer hardware, and many other applications.

Market Overview:

The latest research study on the global Stereolithography 3D Printing market finds that the global Stereolithography 3D Printing market reached a value of USD 1439.49 million in 2022. It’s expected that the market will achieve USD 3842.44 million by 2028, exhibiting a CAGR of 17.78% during the forecast period.

The advantages of Stereolithography 3D Printing

Stereolithography is used to produce plastic parts with high resolution, fine details, smoothness and accuracy. SLA technology has many applications, including: universal prototyping using standard resin; Dental and medical resins with biocompatibility certification; Resins can be cast because they have no ashes after burning; Engineering resins with specific mechanical and thermal properties. Compared with other printing technologies, SLA printing technology has the following advantages: they produce injection mold with smooth surface. It also produces objects with fine features, and captures a lot of details in the printing model. In addition, the parts produced are hard, which makes them more durable. These factors will drive the growth of Stereolithography 3D Printing demand.

The shortcomings of Stereolithography 3D Printing

Although stereolithography can be used to produce almost any synthetic design, it is usually expensive, although the price is declining. Another disadvantage is that photopolymer is sticky and messy, which needs to be treated. Newly manufactured parts need cleaning, further curing and drying. The impact of all these processes on the environment needs more research, but generally speaking, SLA technology has not created any biodegradable or compostable resin forms, while other 3D printing methods provide some compostable PLA options. Stereolithography 3D Printing has certain shortcomings, which will affect the demand for Stereolithography 3D Printing.

Competition in the industry is fierce

For most industries the intensity of competitive rivalry is the major determinant of the competitiveness of the industry. Having an understanding of industry rivals is vital to successfully market a product. Positioning pertains to how the public perceives a product and distinguishes it from competitors. A business must be aware of its competitors marketing strategy and pricing and also be reactive to any changes made. The Stereolithography 3D Printing industry is facing a fierce competitive position. Many companies have been doing business in this industry. They pay more attention to R&D, product innovation, channel construction and customer relationship management, trying to gain greater market share and competitive advantage.

Region Overview:

Geographically, United States held the largest market share – 41.6% in 2022.

Company Overview:

3D Systems is one of the major players operating in the Stereolithography 3D Printing market, holding a share of 12.69% in 2023.

3D Systems

3D Systems, headquartered in Rock Hill, South Carolina, is a company that engineers, manufactures and sells 3D printers, 3D printing materials, 3D scanners, and offers a 3D printing service. The company creates product concept models, precision and functional prototypes, master patterns for tooling, as well as production parts for direct digital manufacturing. It uses proprietary processes to fabricate physical objects using input from computer-aided design and manufacturing software, or 3D scanning and 3D sculpting devices.

Formlabs

Formlabs is a 3D printing technology developer and manufacturer. The Somerville, Massachusetts-based company was founded in September 2011 by three MIT Media Lab students. The company develops and manufactures 3D printers and related software and consumables. It is most known for raising nearly $3 million in a Kickstarter campaign and creating the Form 1, Form 1+, Form 2, Form Cell, Form 3, Form 3L, and Fuse 1 stereolithography and selective laser sintering 3D printers.

Segmentation Overview:

As for product types, the Plastics and Photopolymers segment held the largest market share in 2022.

Plastics and Photopolymers

Plastic is a kind of material made of synthetic or semi-synthetic compounds, which has ductility (can change its shape). Photopolymers are thermosetting materials or polymers that change their properties when exposed to ultraviolet rays. These materials can be transparent or opaque, flexible or rigid, and can be specially formulated to meet unique application requirements.

Biomaterials

Biomaterials are used to support, enhance or replace damaged tissues or biological functions in medical applications.

Ceramics

Ceramic stereolithography creates ceramic three-dimensional (3D) objects via the layer-by-layer photopolymerization of a ceramic suspension.

Composites

A composite material is a material made of two or more constituent materials.

Application Overview:

The market's largest segment by application is the segment Healthcare, with a market share of 34.49% in 2022.

Key Companies in the global Stereolithography 3D Printing market covered in Chapter 3:

Materialise NV
Azuma Koki Co., Ltd.
XYZprinting, Inc.
DWS Systems
Formlabs
EnvisionTEC
Boston Micro Fabrication
Digital Manufacturing Co., Ltd
Union Technology Co., Ltd.
Prodways
Nexa3D Inc.
Stratasys, Ltd.
3D Systems
Proto labs, Inc.

In Chapter 4 and Chapter 14.2, on the basis of types, the Stereolithography 3D Printing market from 2018 to 2029 is primarily split into:

Plastics and Photopolymers
Biomaterials
Ceramics
Composites
Others

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Stereolithography 3D Printing market from 2018 to 2029 covers:

Consumer
Automotive
Aerospace and Defense
Healthcare
Fashion and Aesthetics
Others

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)