Global 3D Printing Materials Market Size & Growth Analysis (2023 - 2030)

The Global 3D Printing materials market was valued at US $1,683 million in 2022, and it is foreseen to reach US $4,824 million by 2030 at a CAGR of 25.6% between 2022 and 2030.

In the late 1980’s, 3D printing materials technology first came visible globally. Dr. Kodama, from Japan filed the patent application for RP (Rapid Prototyping) technologies. 3D printing in 1980s was also known as RP technology. Dr. Kodama created prototypes of defence materials which was faster and more cost-effective as compared with traditional making methods used in developing prototypes. Mankind in 20th century was mostly affected with none other than invention in terms of technology. With complexity of computers and increase in usage of internet, a massive change was brought forth in 3D printing technology. 3D printing materials simply means to develop a product prototype in 3D (three dimensional) model, so to have better understanding in quality, cost, durability and design of product. It is used to research the products pros and cons before manufacturing in large scale for consumer usage.

3D PRINTING MATERIALS MARKET REPORT COVERAGE

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Market Growth

3D printing materials is on rise in demand in global market. The technology used in 3D printing materials is demanded more in North America Region countries like U.S.A. Where this 3D printing is used in automotive & electric care industry to model cars and bikes. Aircraft component models and defence related equipment models can be more easily used for demonstration and quality heavy military machines. UK, Germany, Italy and France are using 3D printing materials system to handle complex design in jewellery and artistic goods. Hence companies related to such jewellery and artistic goods are leaning more towards this market of 3D printing materials.

Drivers

Consumer in recent times is more particular in exceptional and modified items available in market. Industry end users like Automotive, Aerospace & Defence, Industrial, healthcare, etc. is rising its demand in market globally for different 3D printing materials. Production feasibility for manufactures is an advantage by using 3D printing materials. Consumer satisfaction in more with help of goods made by use of 3D printing. Food industry in U.S.A., U.K., Australia, Italy is using 3D printing to create diet plans and menus with customized dishes.

Restraints

The price of materials well-suited with 3D printing is higher in cost as compared with traditional manufacturing materials. The population of customers for complex, personalized goods is lower when compared to customers who are looking for simple, cheap, convenient and ready to use goods. So, rate of return in term with revenue, generated by manufactures is less in such customers.

Market Segmentation Analysis

3D Printing materials market hold a great future for innovative and technology savvy consumers or manufactures. This global report is segmented and sub-segmented into the following categories:

3D Printing Materials Market - By Type

• Plastics
  • Polylactic Acid (PLA)
  • Acrylonitrile Butadiene Styrene (ABS)
  • Polyvinyl Alcohol (PVA)
  • Others
• Metals
  • Titanium
  • Stainless Steel
  • Silver
  • Others

• Ceramics
  • Glass
  • Silica
  • Porcelain
  • Others
• Others
  • Chocolate
  • Paper

• Bio-Materials

Here plastic materials in a chemical process are obtained as final mixture with filament type, this plastic material holds major share in global market among its category.

3D Printing Materials Market - By Form

• Filaments
• Powders
• Liquids

Here, the filament type is capturing the largest shares worldwide market among its three types.

3D Printing Materials Market - By Application

• Consumer
• Medical
• Aerospace & Defense
• Education
• Automobile
• Others

3D Printing Materials Market - By Class

• Consumer
• Professional
• Production

Impact of COVID-19 on the 3D Printing Materials Market

There has been an increase in global demand for 3D printing materials market during Covid-19 pandemic. 3D printing materials is versatile in context with technology as per its use in healthcare sector. Challenges in medical equipment logistics, manufacturing disruptions of medical items and constrained supply chain of medical devices, altogether have created global uncertainty among nations. 3D printing technology enables to handle complex medical designs and customization of medical devices. In medical devices and products used during Covid-19 such as PPE (Personal protective equipment), visualization aids, testing devices and emergency dwellings; 3D printing’s additive nature and versatile technology is in demand globally.

Isinnova (an Italian engineering company) invented a medical device using 3D printing material technology, which is used in Charlotte mask, a component of ventilator machines. 3D printed swabs used for patient care is also been developed with help of this technology. Isolation wards and emergency dwellings are made with 3D printing technology to isolate infected patients. Training to medical staff is provided practically with demonstration from medical materials such as bio-models and medical manikin. These materials are made by use of 3D printing materials technology. Face masks for health workers who wanted a customized mask which was more comfortable for them, used 3D printing technology to build it for them.

Regional Analysis

China belonging to Asia-Pacific region is to be dominant globally in market of 3D printing materials. This is mainly due to the fact as China is one of the fastest growing economy according to different associated media sources. New technology developers, availability of cheap labour force and abundant raw materials used in construction industry is aiding China for 3D printing materials market.

Countries in Europe like UK, Italy and France are demanding more usage of this technology as consumers want unique and personalized goods like designer shoes and jewellery. Such customization of goods can be only achieved with the use of different materials/ systems of 3D printing market.

Top Leading Companies

Major contributors to the 3D Printing Materials market include Convestro AG (Germany), Stratasys, Ltd. (U.S.A), 3D Systems Corporation (U.S.A), Royal DSM N.V. (Netherlands), General Electric (U.S.A), Materialise NV (Belgium), Evonik Industries AG (Germany), The ExOne Company (U.S.A), Hoganas AB (Sweden) and Arkema SA (France).