Press release
3D Printing Elastomers Market Size 2023, Latest Business Opportunities, Demand Analysis by Top Leading Players with Forecast 2030
The global 3D printing elastomers market is experiencing significant growth, driven by the demand for efficient designs and the rising adoption of 3D printers across various industries. The market size was valued at US$ 2.5 billion in 2021 and is projected to reach US$ 6.1 billion by 2030, with a compound annual growth rate (CAGR) of 7.1% during the forecast period from 2022 to 2030. This report provides an overview of the market, including its size, growth potential, factors influencing market growth, COVID-19 impact, regional analysis, competitors, and market segmentation.
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Market Overview
Elastomers are polymers with both viscosity and elasticity, known as viscoelasticity. They have the ability to return to their original shape and size after being stretched. The 3D printing elastomers market includes various types of elastomers such as natural rubber, polyurethanes, polybutadiene, silicone, and neoprene. Factors such as the rising demand for efficient designs, increasing deployment of 3D printers, and the benefits of 3D printing elastomers contribute to market growth. However, the high material cost may limit market growth.
Factors Influencing Market Growth
Several factors contribute to the growth of the 3D printing elastomers market:
Wide range of applications across industries such as automotive, healthcare, aerospace, etc., driving demand for 3D printing elastomers.
Increasing adoption of 3D printers and demand for efficient designs contribute to market growth.
Growing use of 3D printing technology in creating tissues, prosthetics, and medical implants fuels market growth.
Low operating costs associated with 3D printing elastomers drive market growth.
Benefits of 3D printing elastomers, such as high-speed production, attract consumers and propel market growth.
Rising demand for 3D-printed elastomers in the automotive sector benefits the market.
COVID-19 Impact Analysis
The COVID-19 pandemic led to increased demand for 3D printing elastomers in the healthcare segment. However, the construction and automotive segments experienced a decline in demand, impacting market growth.
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Regional Analysis
North America is expected to dominate the 3D printing elastomers market, driven by the presence of prominent producers and a growing number of new launches by industry players. The region benefits from partnerships and company expansions, contributing to market growth.
Competitors in the Market
Key players in the global 3D printing elastomers market include:
3D Systems Corporation
EOS GmbH Electro-Optical Systems
Concept-Laser GmbH
ExOne Co.
Arcam AB
SLM Solutions Group AG
Hewlett Packard Inc.
Materialize NV
Other prominent players
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Market Segmentation
The market segmentation for 3D printing elastomers is based on the following factors:
Type: Powder, Filament, Liquid, Others
Application: Automotive, Aerospace & Defense,
Healthcare, Consumer Goods, Construction, Others
Region: North America (U.S., Canada, Mexico),
Europe (UK, Germany, France, Italy, Spain, Rest of Western Europe, Poland, Russia, Rest of Eastern Europe), Asia Pacific (China, India, Japan, Australia & New Zealand, ASEAN, Rest of Asia Pacific), Middle East & Africa (UAE, Saudi Arabia, South Africa, Rest of MEA), South America (Brazil, Argentina, Rest of South America)
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