3D Printing Materials Market Worth $9.86 billion by 2028

Meticulous Research®- a leading global market research company, published a research report titled "3D Printing Materials Market by Type (Polymer, Metal, Ceramics & Composites), Form (Filament, Liquid, Powder), Technology (FDM, SLA, Polyjet, Multijet, Binder Jetting, EBM), Application - Global Forecast to 2028".

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The 3D printing materials market is expected to grow at a CAGR of 26.7% by value from 2021 to reach $9.86 billion by 2028. The growth of this market is majorly attributed to factors such as growing demand for polymers in 3D printing, mass customization of various functional parts for industrial equipment, jewelry and consumer goods, and government initiatives to support the adoption of 3D printing. However, the high costs of 3D printing materials obstruct the growth of this market to some extent. Lack of awareness of 3D printing technology among supplies, buyers, users, and lack of skilled laborers to perform 3D printing operations is a major challenge for the growth of the 3D printing materials market.

The market is segmented based on type, form, technology, application, and geography. The study also evaluates industry competitors and analyzes the market at the country level.

Based on type, the 3D printing materials market is mainly segmented into polymers, metals, and ceramics & composites. By value, in 2021, the polymers segment is expected to account for the largest share of the 3D printing materials market. The large share of this segment is mainly attributed to its properties such as lightweight, corrosion resistance, toughness, and high strength, increasing demand for 3D-printed retainers made from nylon (PA66) or other polymers to reduce bearing weight, and the use of polymers to manufacture live saving equipment during COVID-19 pandemic. However, the ceramics & composites segment is expected to grow at the highest CAGR during the forecast period.

Based on form, the 3D printing materials market is segmented into powders, filaments, and liquids. In 2021, the powders segment is expected to account for the largest share of the 3D printing materials market. The large share of this segment is mainly attributed to the high demand for designing animal prosthetics, increasing demand for processing various industrial metals by using powder-based additive manufacturing, and manufacturing of three-dimensional lithium-iron batteries. However, the filaments segment is expected to grow at the highest CAGR during the forecast period.

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Based on technology, the 3D printing materials market is segmented into fused deposition modeling (FDM), selective laser sintering (SLS), stereolithography (SLA), direct metal laser sintering (DMLS), polyjet, multijet fusion, digital light processing (DLP), binder jetting, and electron-beam melting (EBM). The fused deposition modeling (FDM) segment is expected to account for the largest share of the 3D printing materials market in 2021. The large share of this segment is mainly attributed to the ability to adjust several process parameters, such as both nozzle and build platform temperatures, and growing demand for using high-performance thermoplastics in FDM technology to manufacture customized parts and prototypes. However, the EBM segment is expected to grow at the highest CAGR during the forecast period.

Based on application, the 3D printing materials market is segmented into consumer products, automotive parts, industrial applications, healthcare, and aerospace & defense. The consumer products segment is expected to account for the largest share of the 3D printing materials market in 2021. The large share of this segment is mainly attributed to factors such as growing demand for customized 3D printed consumer goods, high adoption of 3D printing technology by industrial designers, mechanical engineers, packaging designers, and graphic artists to understand the aesthetics and functional appeal of the products.

Geographically, North America is expected to account for the largest share of 3D printing materials in 2021. The large share of this market is mainly attributed to the presence of major 3D printing materials companies, namely 3D Systems Corporation (U.S.), Proto Labs, Ltd., (U.S.), The ExOne Company (US), HP INC. (U.S.), EnvisionTEC, Inc. (U.S.), Markforged, Inc. (U.S.), and Tethon 3D (U.S.) for high adoption of 3D printing technology for making orthopedic and cranial implants, surgical instruments, dental restorations such as crowns, and external prosthetics in the healthcare industry.

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The key players operating in the 3D printing materials market are 3D Systems Corporation (U.S.), Proto Labs, Ltd., (U.S.), The ExOne Company (U.S.), HP INC. (U.S.), EnvisionTEC, Inc. (U.S.), Markforged, Inc. (U.S.), Tethon 3D (U.S.), Evonik Industries AG (Germany), Materialise NV (Belgium), EOS GmbH (Germany), Stratasys Ltd. (Israel), Zortrax (Poland), Sculpteo (France), Lithoz GmbH (Austria), and IC3D, LLC. (U.S.).

Key Questions Answered in the Report-

Which are the high-growth market segments in terms of type, form, technology, application, and geography?

What is the historical market size for 3D printing materials across the globe?
What are the market forecasts and estimates for the period 2021-2028?

What are the major drivers, restraints, opportunities, and challenges in the 3D printing materials market?

Who are the major players in the market, and what are their market shares?

Who are the major players in various countries?

How is the competitive landscape for the 3D printing materials market?

What are the recent developments in the 3D printing materials market?

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