3D Printing Materials Market Growth Analysis | 2023-2028

Market Insights

The 3D Printing Materials Market is likely to witness an impressive CAGR of 25.0% during the forecast period

What are 3D Printing Materials?

3D printing materials are substances used in additive manufacturing processes to create three-dimensional objects layer by layer. These materials come in various types, each offering unique properties and suitability for specific applications. Common 3D printing materials include:

• Plastics: PLA (Polylactic Acid) and ABS (Acrylonitrile Butadiene Styrene) are popular thermoplastic choices for consumer-level 3D printing due to their ease of use and affordability.

• Metals: Metals like stainless steel, titanium, and aluminum are utilized for industrial applications, offering durability and strength.

• Resins: Resin-based materials, such as photopolymer and epoxy resins, are used for high-resolution, detailed prints and are commonly employed in the dental and jewelry industries.

Other materials like ceramics, composites, and flexible polymers have also emerged, expanding the range of possibilities for 3D printing. Material selection depends on factors like intended use, mechanical properties, and aesthetic requirements of the printed object.

Market Dynamics

The primary factor attributing to the demand for 3D printing materials is the increasing adoption of 3D printing in various industrial applications, such as automotive, aerospace & defense, healthcare, and construction.

Segments Analysis

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By End-Use Industry Type

Based on the end-use industry type, the 3D printing materials market is segmented as automotive, aerospace & defense, healthcare, consumer goods, construction, and others. The aerospace & defense industry segment accounted for the largest share of the market and is expected to command the market during the forecast period. On the other hand, the automotive industry is expected to grow at an impressive rate owing to the extensive adoption of 3D printing in the manufacturing of components in the industry, which is acting as a catalyst for the growth of the segment.

By Application Type

Based on the application type, the 3D printing materials market is segmented as prototyping, manufacturing, and others. The prototyping segment dominates the market, whereas the manufacturing segment is expected to grow at the highest rate. Various end-use industries, such as automotive, aerospace & defense, and healthcare choose 3D printing for mass production of components as it can produce complex structured objects, decrease lead time, and reduce manufacturing costs.

Regional Analysis

In terms of regions, North America is estimated to be the largest market for 3D printing materials during the forecast period, with the USA and Canada being the major countries with lucrative growth opportunities. The growth of the market is driven by the growth of various end-use industries, such as automotive, aerospace & defense, healthcare, and others, which is generating huge demand for 3D printing materials. Asia-Pacific is also expected to offer substantial growth opportunities during the forecast period, primarily driven by the increasing presence of OEMs and tier players to tap the growing demand from emerging economies, such as China and India.

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Key Players

Some of the major 3D printing material manufacturers are-

• 3D Systems Corporation
• Arkema SA
• Stratasys
• Materialise NV
• Evonik Industries AG
• General Electric

Research Methodology

This report offers high-quality insights and is the outcome of a detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders, and validation and triangulation with Stratview Research’s internal database and statistical tools. More than 1,000 authenticated secondary sources, such as company annual reports, fact books, press releases, journals, investor presentations, white papers, patents, and articles have been leveraged to gather the data. We conducted more than 10 detailed primary interviews with the market players across the value chain in all four regions and with industry experts to obtain both qualitative and quantitative insights.

Report Features

This report provides market intelligence most comprehensively. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision-making for the existing market players as well as those willing to enter the market. The following are the key features of the report:

What deliverables will you get in this report?

Customization Option

With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:

Company Profiling

• Detailed profiling of additional market players (up to 3 players).
• SWOT analysis of key players (up to 3 players).

Market Segmentation

• Current market segmentation of any one of the form types by end-use industry type.

Competitive Benchmarking

• Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances.

Custom Research: Stratview Research offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry to sales@stratviewresearch.com.