3D Printing Materials Market Is Expected To Rise At A CAGR Of 26% By 2031

The global 3D printing materials market is slated to reach a valuation of US$ 13.3 Billion by 2031. It is expected to showcase a CAGR of 26% during the evaluation period from 2021 to 2031.

𝐃𝐨𝐰𝐧𝐥𝐨𝐚𝐝 𝐚 𝐒𝐚𝐦𝐩𝐥𝐞 𝐂𝐨𝐩𝐲 𝐨𝐟 𝐓𝐡𝐢𝐬 𝐑𝐞𝐩𝐨𝐫𝐭:
https://www.factmr.com/connectus/sample?flag=S&rep_id=5863?PS

Surging use of 3D printing materials technology to make toys, wing mirrors, mobile cases, and automotive components is expected to fuel the global market. As per the report, in the recent past, from 2016 to 2020, the global 3D printing materials market grew rapidly and expanded at a CAGR of 21%.

The healthcare industry is increasingly using 3D printed components in areas of prosthesis, dental attachments, and surgical equipment. Dentists are preferring 3D printed bridges, crowns, implants, and dentures over traditional implants as they are providing better results and are thus becoming popular among patients.

Similarly, doctors and surgeons are also using 3D printed models of surgical equipment for conducting surgeries. The rising demand for 3D printed equipment in the healthcare sector is further expected to drive growth in the global 3D printing materials market.

Further, lightweight and flexible components have become mainstream in the automotive industry. 3D printed parts exhibit both these properties and are easy to produce, which is driving their demand in the industry.

Moreover, aircraft manufacturers are opting for 3D printed components for several parts, including wings, jigs, and other engine parts. These industries are set to continue boosting demand in the global 3D printing materials market.

Besides, the education sector is fueling growth in the 3D printing materials market. Several major educational institutions are coming up with the concept of opening 3D printing labs, where students can print their designs in order to gain a better understanding of the topic. Teachers can also use these printers to teach by using live examples of sophisticated models.

𝐊𝐞𝐲 𝐓𝐚𝐤𝐞𝐚𝐰𝐚𝐲𝐬:

• The global 3D printing materials market is expected to grow by 10x from 2021 to 2031.
• Based on form, the filament category generated a global 3D printing materials market share of around 41% in 2021.
• In the upcoming decade, the fused filament fabrication technology segment is projected to account for 31% of the global 3D printing materials market share.
• North America 3D printing materials market is set to create an absolute dollar opportunity of over US$ 3 Billion during the evaluation period.
• Asia Pacific 3D printing materials market is projected to account for over 38% of share by 2031.

𝐆𝐫𝐨𝐰𝐭𝐡 𝐃𝐫𝐢𝐯𝐞𝐫𝐬:

Increasing use of 3D printing materials in craniomaxillofacial, dental, orthopedic, and similar other medical applications is projected to aid growth.

Urgent need for highly durable prototypes to fabricate high-tech consumer and industrial products worldwide is likely to drive growth.
Restraints:

Not all plastics or metals can be temperature controlled to enable 3D printing, which may hamper growth.

The majority of 3D printed materials require some type of cleaning up to achieve the required finish, which can slow down the speed of manufacturing.

𝐆𝐞𝐭 𝐂𝐮𝐬𝐭𝐨𝐦𝐢𝐳𝐚𝐭𝐢𝐨𝐧 𝐨𝐧 𝐭𝐡𝐢𝐬 𝐑𝐞𝐩𝐨𝐫𝐭 𝐟𝐨𝐫 𝐒𝐩𝐞𝐜𝐢𝐟𝐢𝐜 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡 𝐒𝐨𝐥𝐮𝐭𝐢𝐨𝐧𝐬
https://www.factmr.com/connectus/sample?flag=RC&rep_id=5863?PS

𝐂𝐨𝐦𝐩𝐞𝐭𝐢𝐭𝐢𝐯𝐞 𝐋𝐚𝐧𝐝𝐬𝐜𝐚𝐩𝐞:

Several big companies are competing against each other to attain the position of market leader in the 3D printing materials industry. Some have entered into collaborative agreements and even merged with one another to gain a competitive edge in the global market.

𝐀 𝐟𝐞𝐰 𝐦𝐚𝐣𝐨𝐫 𝐝𝐞𝐯𝐞𝐥𝐨𝐩𝐦𝐞𝐧𝐭𝐬 𝐢𝐧 𝐭𝐡𝐞 𝐢𝐧𝐝𝐮𝐬𝐭𝐫𝐲 𝐚𝐫𝐞:

In July 2021, 3D Systems introduced Accura AMX Rigid Black, a breakthrough production-grade acrylate resin. It was mainly designed for use with the organization's stereolithography (SLA) technology. The new tough material is the first to result in the production of large-scale additively manufactured parts with high surface quality, accuracy, and resolution.

In April 2021, Stratasys Ltd. announced three new 3D printers that were meant to fulfill a multi-billion-dollar market opportunity in additive manufacturing of end-use parts. Overall, these systems were meant to speed up the transition from conventional to additive manufacturing for low-to-mid-volume production applications.

𝐊𝐞𝐲 𝐂𝐨𝐦𝐩𝐚𝐧𝐢𝐞𝐬 𝐏𝐫𝐨𝐟𝐢𝐥𝐞𝐝 𝐛𝐲 𝐅𝐚𝐜𝐭.𝐌𝐑

• 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

𝐌𝐨𝐫𝐞 𝐕𝐚𝐥𝐮𝐚𝐛𝐥𝐞 𝐈𝐧𝐬𝐢𝐠𝐡𝐭𝐬 𝐨𝐧 𝟑𝐃 𝐏𝐫𝐢𝐧𝐭𝐢𝐧𝐠 𝐌𝐚𝐭𝐞𝐫𝐢𝐚𝐥𝐬 𝐌𝐚𝐫𝐤𝐞𝐭

In the latest study, Fact.MR offers a detailed study on 3D printing materials market for the forecast period of 2021 to 2031.

This study also highlights key drivers promoting the sales of 3D printing materials through detailed segmentation as follows:

By Form

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

By Technology

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

By Type

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

By Application

3D Printing Materials for Prototyping
3D Printing Materials for Manufacturing
3D Printing Materials for R&D
By Vertical

3D Printing Materials for Automotive
3D Printing Materials for Aerospace & Defence
3D Printing Materials for Healthcare
3D Printing Materials for Consumer Goods
3D Printing Materials for Construction
Others

𝐊𝐞𝐲 𝐐𝐮𝐞𝐬𝐭𝐢𝐨𝐧𝐬 𝐂𝐨𝐯𝐞𝐫𝐞𝐝 𝐢𝐧 𝐭𝐡𝐞 𝟑𝐃 𝐏𝐫𝐢𝐧𝐭𝐢𝐧𝐠 𝐌𝐚𝐭𝐞𝐫𝐢𝐚𝐥𝐬 𝐌𝐚𝐫𝐤𝐞𝐭 𝐑𝐞𝐩𝐨𝐫𝐭

• What is the projected value of the 3D printing materials market in 2021?
• At what rate will the global 3D printing materials market grow until 2031?
• Which are the factors hampering the growth in the 3D printing materials market?
• Which region is expected to lead in the global 3D printing materials market during 2021-2031?
• Which are the factors driving the 3D printing materials market during the forecast period?
• What is the expected market value of the 3D printing materials market during the forecast period?

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About Fact.MR

Fact.MR is a market research and consulting agency with deep expertise in emerging market intelligence. Spanning a wide range - from automotive & industry 4.0 to healthcare, technology, chemical and materials, to even the most niche categories.

This release was published on openPR.