3D Printing Materials Market - By Product (Ceramics, Plastics, Metals), By End-user (Electronics & Consumer Products, Automotive, Medical, Industrial, Education, Aerospace), 3D Printing Equipment Market - By Product (Polyjet, Fused Deposition Modeling, Se

3D Printing Materials Market - By Product (Ceramics, Plastics, Metals), By End-user (Electronics & Consumer Products, Automotive, Medical, Industrial, Education, Aerospace), 3D Printing Equipment Market - By Product (Polyjet, Fused Deposition Modeling, Selective Laser Sintering, Stereolithography, Colorjet) & Global Forecast, 2023-2032

Global 3D Printing Materials and Equipment Market is poised to gain significant growth through 2032, primarily owing to the technological advancements in 3D printing. Besides, the electronics industry is thriving across the world, and the expanding electronics-related business opportunity will also foster market growth through the estimated timespan.

While the 3D printing material market has been divided in terms of product and end user, and region, the 3D printing equipment market has also been divided in terms of product and region.

In terms of the material-based product segment, the 3D printing materials market is likely to be defined through the ceramics segment which will expand at over 9.5% CAGR by 2032 end. Existing firms are seeking the expansion of their portfolios through meaningful acquisitions, thus fostering the market demand. For instance, in October 2022, Lithoz, an Austria-based firm acquired CerAMing, a German startup, to utilize its pioneered process of LSD (layer-wise slurry disposition). The initiative is projected to expand the company’s ceramic 3D printing portfolio.

In the context of end user, the 3D printing materials market is defined through the industrial segment. Since 3D printing is flexible and allows manufacturers determine the texture, shape, and strength of a product, they are used in a wide range of industries. Increasing industrial production is likely to foster the market growth through 2032.

Based on the product segment, the 3D printing equipment market is likely to be characterized by the polyjet subsegment. Polyjets have a range of utilities and some of the current market operators are trying to expand their portfolios by introducing new polyjet-based 3D printers. For instance, in July 2021, a leader in polymer 3D printing solutions, Stratasys Ltd., launched two new PolyJet^™ 3D printers, the Stratasys J55^™ and the Stratasys J35^™ Pro. While the J55 Prime includes new versatile materials providing textile, tactile, sensory capabilities, and full color, the J35 Pro represents the first multi-material 3D printer for desktops.

In terms of region, the North America 3D printing equipment market is anticipated to experience a solid growth of over 17% CAGR during 2023-2032. Technological advancements and the expansion of existing industries are the major factors augmenting the market growth between 2023 and 2032. To cite an instance, in July 2022, GKN Aerospace announced relocating its equipment to a 100,000 sq. ft. facility in Texas. The facility would enable the company to focus on laser metal deposition with wire, a 3D printing technology, which will then be used to build large-scale titanium aerostructures.