3D Printing Materials Market

3D Printing Materials Market Outlook (2021–2031)

According to Fact.MR’s recent study on the global 3D printing materials industry, the market is anticipated to expand 10x from 2021 to 2031.

The 3D printing materials market is growing due to increasing demand from the healthcare, automotive, and other industries. By 2021-end, the market is slated to reach a value of US$ 1.3 Bn. In the forthcoming decade, the fused filament fabrication technology will account for 31% of the global 3D printing materials market.

The COVID-19 pandemic had a significant influence on the automobile industry in 2020, with lockdowns being enacted in all countries and vehicle production being suspended in several countries. 3D printing is a quicker manufacturing procedure than conventional manufacturing methods like injection moulding and subtractive manufacturing.

Points Covered in 3D Printing Materials Market Survey 

• Market Estimates and Forecasts (2017-2031)
• Key Drivers and Restraints Shaping Market Growth
• Segment-wise, Country-wise, and Region-wise Analysis
• Competition Mapping and Benchmarking
• 3D Priniting Materials Brand Share and Market Share Analysis
• Key Product Innovations and Regulatory Climate
• Assessment by Product Grade / Purity / Formulation Standards
• Assessment of Import Price, Bulk Price, Contractual Price, Producer / Distributor Price
• Certifications and Compliance Requirements
• COVID-19 Impact on the 3D Printing Materials Market and How to Navigate
• Recommendation on Key Winning Strategies

Consumption Analysis of 3D Printing Materials Market 2016-2020 Vs Industry Outlook 2021-2031

Increased demand for lightweight and flexible components in the aerospace and automotive industries are providing credible impetus to market growth

As per Fact.MR – market research and competitive intelligence provider, during the historic period of 2016 to 2020, the 3D Prinitng Materials market expanded at a high CAGR of 21%. The market has been progressing at a rapid pace, due to the increasing adoption of 3D printing technology for a variety of applications, such as the production of complex parts.

Additionally, 3D printing offers production flexibility to the designer for creating structures at a reduced cost. This has further contributed to the market growth of 3D printing materials. Increasing demand for lightweight and flexible components, particularly in the aerospace and automotive sectors, are providing credible impetus to market growth.

Considering these factors, the global market is slated to expand at around 26% CAGR over the next ten years (2021-2031), and reach a valuation of over US$ 13.2 Bn. Future developments are also reliant on extensive applications in  the medical industry.

How are the Automotive & Aerospace Industries Augmenting 3D Printing Material Demand?

The aerospace industry has become one of the earliest adopters of 3D printing, owing to the growing demand for several aircraft parts including wings, jigs, and engine parts. This in turn fuels the market growth of the 3D printing materials market.

Additionally, the growing demand for objects with properties such as reduced weight, high flexibility and high surface quality has supported market growth of 3D printing materials. Several industries are shifting towards 3D printing materials for the production of parts, to improve the strength and resistance of the product. This in turn contributes to generating more demand for 3D printing materials.

The materials are extensively used in prototyping automotive and aircraft parts. The technology is super effective in the production of complex parts with the advantage of reduced cost and production feasibility. 3D printing materials such as metals are used for making the parts of an aircraft such as engines parts, jigs, wings, and so on. 

One of the highly used 3D printing materials is titanium. The aerospace industry uses titanium as it has outstanding mechanical properties and makes the production process highly accurate. The automotive industry is also using 3D printing materials for the creation of 3D-printed car parts. For instance, Formula 1 supercars are using 3D printed parts. Moreover, Bugatti launched its 3D printed caliper produced using titanium. 

Will the Healthcare Sector Propel Industry Growth of 3D Printing Materials Market?

In the field of medicine, prosthesis and dental attachments are produced by 3D printers which in turn is boosting the growth of special-purpose 3D printing materials in the market. The development of customized dental models such as bridges, crowns, implants, and dentures is offering better patient outcomes, and, in turn, boosting the reliance of dentists on printed prosthetics.

Demand for dental prosthetics would also increase, on the back of macroeconomic factors such as unhealthy food habits of individuals, which is leading to tooth decay and tooth loss. Medical purposes such as knee implants and hip replacements and surgical tools are projected to increase the sales of the 3D printing materials market. The doctors and surgeons use printed models of surgical equipment used in performing complex surgical operations. 

Key players in the market are working innovatively towards the enhancement of their products portfolio. For instance, 3D Systems Corporation, in May 2021, announced its plan to expand in Denver in order to address the demand for new healthcare and highly regulated industrial applications with the use of advanced polymers and metal additive technologies.

Region-Wise Analysis of 3D Printing Materials Market

What are the Growth Prospects for the 3D Prinitng Materials Market in North America?

According to Fact.MR, the North American region is likely to register the highest growth and be a highly lucrative market during the forecast period. The region accounts for around 23% of the global sales value of 3D printing materials market. 

The region is expected to offer over US$ 3 Bn absolute dollar opportunities during the forecast period. Besides, there has been an emergence of different 3D printing material platforms to address the ongoing demand from several industries, to produce parts with robustness and accuracy.

To address this, several manufacturers including, 3D Systems Corporation, The Exone Company, and others are using filament forms of 3D printing materials market for different applications including parts for healthcare and construction industries. Besides, several companies are also introducing powder forms of 3D printing materials for the production of consumer goods.

Will Extensive Medical Industry Application Encourage Asian Market Growth?

According to Fact.MR, Asia is likely to emerge as the most opportunistic market for 3D printing materials, with extensive applications expected across the medical industry. A market share worth 38% has been projected for the market in Asia.

China and India are likely to remain key beneficiaries of this market growth. According to the India Brand Equity Foundation, the hospital industry in the country will increase to US$ 132.84 billion by FY22, up from US$ 61.79 billion in 2017. A significant portion of this is directed towards including the latest technological advancements, including 3D manufactured medical equipment.

Prolific possibilities have emerged in the medical industry domain across the continent. For instance, in India, eye care specialists from the L.V Prasad Eye Institute (LVPEI), in collaboration with German educational toy manufacturer Ravensburger and other stakeholders manufactured a unique open-sourced 3D printed puzzle called Fittle, aimed at helping the visually impaired learn Braille quickly and efficiently.

Category-wise Insights of 3D Printing Materials Market

Why is Demand for 3D Printing Filaments Experiencing High Growth?

In terms of form, filament held around 41% of the overall market share in 2021. The high share of this segment is majorly attributed to its distinct properties and high melting temperatures. These filaments are extensively used for manufacturing props, jigs & fixtures, assembly parts and education models.

Carbon fiber manufactured filaments for 3D printing materials market are the most popular, possessing low thermal expansion, rendering them highly resistant to elevated temperatures. In addition, they are extremely corrosion resistant, while also preventing shrinkage after cooling.

How is Fused Filament Fabrication Technology Gaining Ground?

In terms of technology, fused filament fabrication is estimated to cover a higher market share in 2021, accounting for around 31%. Recent technological advancements in 3D printing materials is expected to propel fused filament fabrication applications during the forecast period, owing to expanded applications in several industries with versatile properties. 

Key players in the market are offering 3D printing materials with fused filament technology to target the consumer goods vertical as well. While the surge in COVID-19 has hampered market growth in other end use industries, the healthcare industry boosted the demand for 3D printing materials market, owing to the production of medical components.

Competitive Landscape  - 3D Printing Materials Market

Key manufacturers of 3D printing materials market are reliant on forging long term partnership and collaborative agreements, introducing new product lines into the market and acquiring rival players to strengthen customer base. Some notable developments in the industry are as follows:

• 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.

Report Scope of 3D Printing Materials Market

Report Attribute	Details
Market Size Value in 2021	USD 1.3 Billion
Market Size Value in 2031	USD 13.3 Billion
Growth Rate	CAGR of 26% from 2021-2031
Forecast Period	2021-2031
Historical Data Available for	2016-2020
Market Analysis	Value (US$) and Volume (Tons)
Key Regions Covered	North America Latin America Europe East Asia South Asia Oceania Middle East & Africa
Key Countries Covered	U.S. Canada Germany U.K. France Italy Russia BENELUX China Japan South Korea India Malaysia Singapore Australia New Zealand Brazil Mexico GCC Turkey South Africa
Key Market Segments Covered	Form  Technology Type Application Vertical  Region
Key Companies Profiled	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
Pricing	Available upon Request

Key Segments Covered in 3D Printing Materials Market

• Form

  • 3D Printing Powder
  • 3D Printing Filament
  • 3D Printing Liquid

• Technology

  • Fused Filament Fabrication
  • Selective Laser Sintering
  • Stereolithographic
  • Direct Metal Laser Sintering
  • Others

• Type

  • Plastic 3D Printing Materials
  • Metal 3D Printing Materials
  • Ceramic 3D Printing Materials
  • Others

• Application

  • Prototyping
  • Manufacturing
  • R&D

• Vertical

  • Automotive
  • Aerospace & Defence
  • Healthcare
  • Consumer Goods
  • Construction
  • Others