By 2031, the market for 3D printing materials is expected to be worth US$ 13.3 billion. It is anticipated to demonstrate a CAGR of 26% from 2021 to 2031, the evaluation period.
The global market is anticipated to be driven by the rising usage of 3D printing materials technology to create toys, wing mirrors, mobile cases, and automotive components. According to the report, the global market for 3D printing materials increased quickly and expanded at a CAGR of 21% from 2016 to 2020.
The use of 3D-printed components in surgical equipment, dental attachments, and prosthetics is growing in the healthcare sector. Due to their superior performance and growing popularity among patients, dentists are choosing 3D-printed bridges, crowns, implants, and dentures over conventional implants.
In a similar vein, medical professionals such as doctors and surgeons are also employing surgical instruments that have been 3D printed. The market for 3D printing materials is anticipated to rise as a result of the expanding demand for 3D-printed medical equipment.
Download a Sample Copy of This Report:
https://www.factmr.com/connectus/sample?flag=S&rep_id=5863?PS
Furthermore, flexible and lightweight parts are becoming commonplace in the automotive sector. The industry is seeing an increase in the demand for 3D printed products because they have both of these characteristics and are simple to make.
Additionally, aircraft producers are choosing 3D-printed parts for a variety of parts, including wings, jigs, and other engine components. These sectors are expected to keep driving up demand for 3D printing materials on a global scale.
Aside from that, the market for 3D printing materials is expanding because to the education industry. A number of significant academic institutions are considering the idea of setting up 3D printing labs where students can print their designs to better grasp the subject. These printers can also be used by instructors to demonstrate complex models using real-world examples.
Key Takeaways:
- From 2021 to 2031, the market for 3D printing materials is anticipated to expand by a factor of 10.
- According to form, the filament category produced a global market share for 3D printing materials of about 41% in 2021.
- The fused filament fabrication technology sector is anticipated to have 31% of the global market for 3D printing materials in the following ten years.
- During the evaluation period, the North American 3D printing materials market is anticipated to have an absolute monetary opportunity of about US$ 3 billion.
- By 2031, it is anticipated that the Asia Pacific region will hold over 38% of the market for 3D printing materials.
Growth Drivers:
- Growth is anticipated to be aided by an increase in the usage of 3D printing materials in craniomaxillofacial, dental, orthopaedic, and related medical applications.
- Growth is projected to be fueled by the urgent need for highly resilient prototypes to manufacture high-tech consumer and industrial products globally.
Restraints:
- Not all plastics or metals can be temperature controlled to enable 3D printing, which may hamper growth.
- The majority of 3D printed materials require some type of cleaning up to achieve the required finish, which can slow down the speed of manufacturing.
Competitive Landscape:
Several big companies are competing against each other to attain the position of market leader in the 3D printing materials industry. Some have entered into collaborative agreements and even merged with one another to gain a competitive edge in the global market.
A few major developments in the industry are:
- In July 2021, 3D Systems introduced Accura AMX Rigid Black, a breakthrough production-grade acrylate resin. It was mainly designed for use with the organization’s stereolithography (SLA) technology. The new tough material is the first to result in the production of large-scale additively manufactured parts with high surface quality, accuracy, and resolution.
- In April 2021, Stratasys Ltd. announced three new 3D printers that were meant to fulfill a multibillion-dollar market opportunity in additive manufacturing of end-use parts. Overall, these systems were meant to speed up the transition from conventional to additive manufacturing for low-to-mid-volume production applications.
Key Companies Profiled by Fact.MR
- 3D Systems Corporation
- Arkema S.A.
- Royal DSM N.V.
- The Exone Company
- Stratasys Ltd.
- General Electric
- Materialize NV
- Sandvik AB
- Hoganas AB
- Evonik Industries AG
- Voxeljet AG
- Markforged Inc.
- SLM Solutions Group AG
- Impossible Objects Inc.
- LPW Technology Ltd.
- Envisiontec Inc.
- Carbon
- BASF New Business GmbH
- Eco-Industrial Co. Ltd.
- Forefront Filament
- Keene Village Plastics
- Clariant AG
- Airwolf 3D
- Lithoz GmbH
Get Customization on this Report for Specific Research Solutions:
https://www.factmr.com/connectus/sample?flag=RC&rep_id=5863
More Valuable Insights on 3D Printing Materials Market
In the latest study, Fact.MR offers a detailed study on 3D printing materials market for the forecast period of 2021 to 2031. This study also highlights key drivers promoting the sales of 3D printing materials through detailed segmentation as follows:
By Form
- 3D Printing Powder
- 3D Printing Filament
- 3D Printing Liquid
By Technology
- Fused Filament Fabrication
- Selective Laser Sintering
- Stereolithographic
- Direct Metal Laser Sintering
- Others
By Type
- Plastic 3D Printing Materials
- Metal 3D Printing Materials
- Ceramic 3D Printing Materials
- Others
By Application
- 3D Printing Materials for Prototyping
- 3D Printing Materials for Manufacturing
- 3D Printing Materials for R&D
By Vertical
- 3D Printing Materials for Automotive
- 3D Printing Materials for Aerospace & Defence
- 3D Printing Materials for Healthcare
- 3D Printing Materials for Consumer Goods
- 3D Printing Materials for Construction
- Others
Key Questions Covered in the 3D Printing Materials Market Report
- What is the projected value of the 3D printing materials market in 2021?
- At what rate will the global 3D printing materials market grow until 2031?
- What are the factors hampering the growth of the 3D printing materials market?
- Which region is expected to lead in the global 3D printing materials market during 2021-2031?
- What are the factors driving the 3D printing materials market during the forecast period?
- What is the expected market value of the 3D printing materials market during the forecast period?
Contact:
US Sales Office :
11140 Rockville Pike
Suite 400
Rockville, MD 20852
United States
Tel: +1 (628) 251-1583
E-Mail: sales@factmr.com