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3D Printing Materials Market

Global 3D Printing Material Market to Expand 10x by 2031, Extensive Applications in Healthcare & Automotive Anticipated: Fact.MR

Published : 21 Oct 2021 Industry: Chemical & Materials

As per the report published by Fact.MR, the global 3D printing materials market is anticipated to exceed a valuation of around US$ 13.2 Bn by 2031, expected to expand at an impressive CAGR of around 26% over the forecast period of 2021 to 2031. By 2021-end, the market is expected to be valued at US$ 1.3 Bn.

From 2016 to 2020, the industry experienced stellar growth, clocking a CAGR of 21%. Prospects widened considerably with the onset of the COVID-19 pandemic. The broad applications of 3D printing applications to counter COVID-19 includes PPE, medical and testing devices, personal accessories, visualization aids and emergency dwellings.

There has been immense growth in demand for 3D printing materials, especially in the health care industry where they are used for creating artificial organs such as kidney cells, human liver and other human organs for transplanting. Furthermore, recent developments in the printing material coupled with government favouring policies are anticipated to drive more demand for 3D printing materials market.

Key Takeaways from the Market Study

  • North America likely to generate absolute opportunity worth US$ 3 Bn by 2031
  • Asia to be the largest market, capturing 38% revenue share until 2031
  • In terms of form, filament holds around 41% of the overall market share in 2021.
  • In terms of technology, fused filament fabrication is estimated to accounting for 31% market share in 2021
  • Filament 3D printing materials to hold major sway, accounting for over 2 out of 5 sales
  • By vertical, automotive applications comprised over 3/10th revenue share in 2020

“Scientific instrumentation stands as an untapped vertical for 3D printing material market. These materials can be used for a variety of applications, catering to biological and mechanical lab components production,” says a Fact.MR analyst.

Competitive Landscape

Some of the key players in the market include 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, and Eco-Industrial Co. Ltd.

  • In 2021, 3D Systems Corporation engaged in a long-term partnership with Sauber Motorsports AS for building a high production in-house factory to support the wind tunnel operations that were enabled by 3D System solutions. The company provided 3D printing material for high-quality parts of Sauber for aerodynamic model iterations. 
  • 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.

More Insights Available

Fact.MR, in its new offering, presents an unbiased analysis of the global 3D printing materials, presenting historical demand data (2016-2020) and forecast statistics for the period of 2021-2031.

The study reveals essential insights on the basis of form (powder, filament and liquid), technology (fused filament fabrication, selective laser sintering, stereolithographic, direct metal laser sintering and others), type (plastic, metal, ceramic and others), application (prototyping, manufacturing and R&D) and vertical (automotive, aerospace & defence, healthcare, consumer goods, construction and others) across seven regions (North America, Latin America, Europe, South Asia, East Asia, Oceania and Middle East & Africa).

About the Chemical and Material Division at Fact.MR

Expert analysis, actionable insights, and strategic recommendations of the highly seasoned chemical and material team at Fact.MR helps clients from across the globe with their unique business intelligence needs. With a repertoire of over thousand reports and 1 million-plus data points, the team has analyzed the chemical industry across 50+ countries for over a decade. The team provides unmatched end-to-end research and consulting services. Reach out to explore how we can help.

For more information, refer to our market research report or contact the PR author.

Yash Pathak

Fact.MR

Sr. Consultant – Chemicals and Materials

E-mail: Yash@factmr.com

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3D Printing Materials Market

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3D Printing Materials Market Report By Form (Powder, Filament, Liquid), By Technology (Fused Filament Fabrication, Selective Laser Sintering, Stereolithographic), By Type (Plastic, Metal, Ceramic), By Application (Prototyping, Manufacturing, R&D), By Vertical (Automotive, Aerospace & Defence, Healthcare, Construction) - Forecast to 2021 – 2031