3D Printing Materials Market Size by Product (Ceramics, Plastics, Metals), by End-user (Electronics & Consumer Products, Automotive, Medical, Industrial, Education, Aerospace), 3D Printing Equipment Market Size by Product (Polyjet, Fused Deposition Modeling [FDM], Selective Laser Sintering [SLS], Stereolithography [SLA], Colorjet), Industry Analysis Report, Regional Outlook, Application Potential, Competitive Market Share & Forecast, 2022 - 2028
The 3D printing materials & equipment market is set to observe notable growth by 2028 owing to high demand for 3D components across varied industry verticals.
Recently, major industry players have been focusing on introducing easy 3D printing and sintering systems, thereby promoting 3D printing materials & equipment market growth. For instance, in March 2022, ExOne, a 3D printing systems and services provider, received the tenth order for its sand 3D printing system from Kimura Foundry Group, a Japan-based manufacturer.
The 3D printing materials & equipment market has been bifurcated based on product, end-user, and region. The 3D printing materials market has been divided based on product into ceramics, plastics, metal, and others. The plastics segment holds a major market share and is set to exhibit robust expansion through 2028 on account of high demand from automotive, industrial, and medical sectors. The others segment is expected to exceed USD 730 million in revenue by 2028.
The 3D printing materials market has been segregated in terms of end-user into electronics & consumer products, automotive, medical, industrial, education, aerospace, and others. The automotive segment is likely to attain more than 17% share in the 3D printing materials market by the end of the study timeframe. Owing to high demand from academic institutions, the education segment is poised to showcase substantial growth by 2028.
The industrial segment is anticipated to grow at a CAGR of over 9% through the forecast period. The aerospace segment is estimated to surpass USD 680 million in revenue by 2028. The 3D printing materials market size from the others segment is estimated to progress at a CAGR of more than 8% between 2022 and 2028.
The 3D equipment market has been segmented from the product perspective into colorjet, fused deposition modelling (FDM), stereolithography (SLA), polyjet, selective laser sintering (SLS), and others. The polyjet segment is set to cross USD 190 million in revenue by 2028.
The selective laser sintering (SLS) segment is anticipated to grow steadily over 2022-2028 on account of surging product demand from the industrial sector. The colorjet segment is primed to expand at approximately 18% CAGR over the review timeline. The others segment is expected to cross a valuation of USD 300 million by the end of 2028.
In the regional landscape, owing to favorable trends across the domestic industrial and medical sectors, the Europe 3D printing materials & equipment market is set to exhibit considerable growth through the forecast period. Latin America is foreseen to develop at a CAGR of above 10% in the 3D printing materials market over the study timespan. Meanwhile, the Middle East & Africa is speculated to witness significant growth to be valued at roughly USD 400 million in the 3D printing equipment market by 2028.
Learn how to effectively navigate the market research process to help guide your organization on the journey to success.
Download eBook