3D Printing Materials Market Overview

“The 3D Printing Materials Market Predictable at $1.49 billion in 2022, is estimated to increase at a CAGR of 18.65% from $2.51 billion in 2023 to $9.95 billion by 2030.”

3D printing is a method of additive manufacturing that creates three-dimensional objects through layering of materials, offering enhanced features like durability, flexibility, stability, and sensitivity. Common materials include ABS, PLA, plaster, silica, alumina, titanium, tissues, waxes, and laywood.

Plastics offer design freedom, durability, and biodegradability, but lack weathering resistance. Metals are strong, malleable, and corrosion-resistant but costly and have limited design flexibility, while plastics offer a variety of colors.

This study explores the use of 3D printing materials, which are typically powder, filament, and liquid, as a link between the finished product and 3D printers. The digital file outlines the object's configuration and materials, with the latter being the most common.

The 3D printing materials industry is characterized by current trends and potential future expansion. Polymers, metals, and ceramics are commonly used in 3D printing, with polymers dominating material demand due to their multiple industrial and consumer goods uses. The market is expected to continue growing, particularly in the production of personal protective equipment, isolation wards, and medical equipment, which require on-demand solutions.

The COVID-19 pandemic caused a shortage of PPE, putting healthcare workers at risk and affecting the global healthcare system. This led to a surge in demand for 3D printing materials and tools, particularly for medical applications, boosting market growth during the pandemic.

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3D Printing Materials Market Survey Highlights

• Estimates and forecasts for the market (2012-2030)
• Drivers and Constraints Shaping Market Growth Analysis by Segment, Country, and Region
• 3D Priniting Materials Competition Mapping and Benchmarking Analysis of Brand and Market Share
• Product Grade / Purity / Formulation Standards Product Innovations and Regulatory Climate Assessment
• Import Price, Bulk Price, Contractual Price, Producer / Distributor Price Certifications, and Compliance Requirements Evaluation
• The Impact of COVID-19 on the 3D Printing Materials Market and How to Navigate Key Winning Strategies

Market Dynamics

Growth Drivers

3D printing, or additive manufacturing, is revolutionizing various industrial processes by accelerating time-to-market, reducing prices, and designing unique parts. This technology is driving innovation and the development of game-changing technologies. The market for 3D printing materials and equipment is expected to grow due to its increasing applications across various industries.

Fused deposition modeling (FDM), also known as fused filament fabrication (FFF), is a process that involves selectively depositing molten material using thermoplastic polymers, a type of polymer.

How are the automotive and aerospace industries increasing the demand for 3D printing materials?

The aerospace sector, driven by increased demand for aircraft parts like wings, jigs, and engine parts, was among the first to adopt 3D printing, thereby driving its market expansion.

The 3D printing material market is growing due to the growing demand for items with low weight, high flexibility, and high surface quality, as various sectors transition to 3D printing for part manufacture to enhance product robustness and resistance.

Metal 3D printing materials are widely used in the production of complex automotive and aerospace components, offering lower costs and production feasibility. These materials are commonly used in creating airplane parts like engine parts, jigs, and wings.

Titanium, a popular 3D printing material, is utilized in aerospace due to its mechanical properties and precise manufacturing. The automotive industry also utilizes titanium for creating car parts, such as Formula 1 supercars, and Bugatti has introduced its titanium 3D printed caliper.

Will the Healthcare Sector Drive 3D Printing Materials Market Growth?

3D printers are increasingly being utilized in medicine to create prostheses and dental attachments, increasing demand for special-purpose materials. This leads to the creation of customized dental models, improving patient outcomes and increasing dentists' reliance on printed prostheses.

The demand for dental prosthesis is expected to rise due to macroeconomic factors like unhealthy eating habits, which contribute to tooth decay and loss. The 3D printing materials industry is expected to drive medical applications like knee implants and hip replacements, utilizing printed models for complex procedures.

Major companies like 3D Systems Corporation are expanding their product portfolio to meet demand for new healthcare and industrial applications, using advanced polymers and metal additive technologies, as announced in Denver in May 2021.

Challenges 

High Cost: 

The 3D printing industry's growth may be hindered by high costs, including the high initial investment in equipment and energy consumption. These machines are unsuitable for small batch manufacturing runs, and materials used in vehicle industrial grade 3D printers are expensive compared to conventional manufacturing. Additionally, 3D printers are difficult to use and control due to specialized components and high voltage power sources.

Competitive Landscape of the 3D Printing Materials Market

• Arkema SA (France)
•  Evonik Industries AG (Germany)
• General Electric (US) 
• The ExOne Company (US)
• Hoganas AB (Sweden)
• 3D Systems Corporation (US)
• Stratasys, Ltd. (US) 
• Materialise NV (Belgium) 
• Royal DSM N.V. (Netherlands)

Recent Developments in 3D Printing Materials Market

In October 2020, Royal DSM announced the release of Somos WaterShed Black, a new Stereolithography 3D printing resin. The new 3D printing resin is based on the proven technology of Somos WaterShed XC 11122 which processes up to 50% faster than other black photopolymers.

In October 2020, Covestro acquired the Resins & Functional Materials (RFM) business of DSM, which includes additive manufacturing capability

3D Systems introduced two new 3D printing materials, HI-Temp 300-AMB and PRO-BLK 10. The addition of the additional goods will increase client application options and broaden the company's product line in September 2019

November 2019: The purchase of Sculpteo by BASF, the second-largest chemical producer in the world and a German corporation. With the new breakthrough, BASF hopes to strengthen its position in the 3D printing market and widen its sales channel.

In April 2021, Stratasys Ltd. introduced three new 3D printers that together address a large portion of the multibillion-dollar market opportunity in additive manufacturing of end-use parts. The systems collectively are aimed at accelerating the shift from traditional to additive manufacturing for low-to-mid-volume production applications underserved by traditional manufacturing methods.

Regional Insights

What are the growth prospects for the North American 3D printing materials market?

The North American market is projected to experience the most significant expansion and profitability, accounting for approximately 23% of the global 3D printing materials sales value.

The region is projected to generate over $3 billion in absolute dollar potential over the projected period, with several 3D printing material platforms emerging to meet industry demands for durable and accurate parts.

3D Systems Corporation and The Exone Company are utilizing filament and powder versions of 3D printing materials for various applications in healthcare and construction industries, addressing the need for more efficient and cost-effective 3D printing solutions.

Will Widespread Medical Industry Application Promote Asian Market Growth?

Asia is expected to dominate the 38% market share for 3D printing materials, primarily used in the medical industry. China and India are expected to benefit from market growth, with the hospital industry in India projected to reach US$ 132.84 billion by FY22, largely driven by technological advancements like 3D-printed medical equipment, according to the India Brand Equity Foundation.

India's L.V Prasad Eye Institute (LVPEI) has partnered with German educational toy manufacturer Ravensburger to create Fittle, an open-source 3D printed puzzle designed to aid visually impaired individuals in learning Braille quickly and efficiently across the continent.

Segments Covered in the 3D Printing Materials Market

3D Printing Materials Market By Technology

• Fused Deposition Modeling (FDM)
• Selective Laser Sintering (SLS)
• Stereolithography (SLA)
• Direct Metal Laser Sintering (DMLS)
• PolyJet
• Multi Jet Fusion
• Digital Light Processing (DLP)
• Binder Jetting
• Electron-beam Melting (EBM)
• Other Technologies

3D Printing Materials Market By Foam

• Powder
• Filament
• Liquid

3D Printing Materials Market By Type

• Polymers
• METALs
• Ceramic
• Others

3D Printing Materials Market By Application

• Prototyping
• Manufacturing
• R&D

3D Printing Materials Market By End User

• Automotive
• Aerospace & defense
• Healthcare
• Consumer Goods
• Construction
• Others (Electronics, Education, Food, etc.)

3D Printing Materials Market By Region

• North America
• Europe
• Asia-Pacific
• Latin America
• Middle East & Africa (MEA)

Frequently Asked Questions:

What is the current size of 3D printing materials market?

The 3D Printing Materials Market Predictable at $1.49 billion in 2022, is estimated to increase at a CAGR of 18.65% from $2.51 billion in 2023 to $9.95 billion by 2030.

What will be the CAGR of global 3D printing materials market?

The global 3D printing materials market is poised to grow at a CAGR of 18.65% from 2023 to 2030.

Who are the prominent players operating in the 3D printing materials market?

The major players operating in the 3D printing materials market are 3D Systems Corporation (US), Stratasys, Ltd. (US), Materialise NV (Belgium), Arkema SA (France), Evonik Industries AG (Germany), General Electric (US), The ExOne Company (US), Hoganas AB (Sweden), Royal DSM N.V. (Netherlands)

Which are the driving factors of the 3D printing materials market?

The market is expected to increase as a result of the rising demand for 3D printing and improved materials in a variety of industries, including the automotive, aerospace, and military sectors.