3D Printing Materials Market Analysis | 2024-2030

“The 3D Printing Materials Market was estimated at US$ 3.1 billion in 2023 and is expected to grow at an impressive CAGR of 25.68% during 2024-2030 to reach US$ 15.37 billion by 2030.”

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Market Dynamics

Introduction

3D printing materials are materials that are utilized to build objects during additive manufacturing that is forming objects in layers. These materials are available in various types and each type has its properties and uses in various applications. Common 3D printing materials include:

• Plastics: The commonly used materials at the consumer level include PLA and ABS since they are both thermoplastics and user-friendly and cheap.

• Metals: There are ordinary-use metals such as stainless steel, titanium, and aluminum for industrial use considering the strength of the material.

• Resins: Photo polymer and epoxy resins are other types of resin-based materials used in applications where intricate details are required for printing material, this is mostly used in dental and jewelry.

Other materials such as ceramics, composites, and flexible polymers have also come up supplementing the variety of possibilities of 3D printing. The selection of material depends on the type of application, mechanical properties, and even the looks of the final printed object.

Market Drivers

The use of 3D printing materials is on the increase because 3D printing technology is being adopted by various industries which boosts the need for these materials:

• Automotive: Applied in pilot production, creating specialized items, and cutting down on expenses for production.

• Aerospace & Defense: Sought for producing lighter and more elaborate parts, enhancing the fuel economy and affording the opportunity of rapid prototyping.

• Healthcare: Work in the creation of medical furniture, orthopedic devices, and custom-made implants to aid the improvement of patient care and effective treatment plans.

• Construction: In use for the construction of building parts, to minimize the usage of materials and enable architectural creativity.

Segments Analysis

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By End-Use Industry Type

“The aerospace & defense industry segment dominates the market during the forecast period.”

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

“The prototyping segment dominates the market during the forecast period.”

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

“North America dominates the market during the forecast period.”

The USA and Canada are 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

The market is highly populated with the presence of several local, regional, and global players. Most of the major players compete in some of the governing factors including price, product offerings, regional presence, etc.

The following are the key players in the 3D printing materials market (arranged alphabetically).

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

Note: The above list does not necessarily include all the top players in the market.

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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:

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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.

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.