Press release
3D Printing Materials Global Market Report 2024: Key Players, Demand Patterns And Forecasts 2033
3D Printing Materials Market
The Business Research Company offers in-depth market insights through 3D Printing Materials Global Market Report 2024, providing businesses with a competitive advantage by thoroughly analyzing the market structure, including estimates for numerous segments and sub-segments.
Market Size And Growth Forecast:
The 3d printing materials market size has grown exponentially in recent years. It will grow from $2.08 billion in 2023 to $2.61 billion in 2024 at a compound annual growth rate (CAGR) of 25.6%. The growth in the historic period can be attributed to environmental sustainability, reduction in production costs, increased r&d investment, regulatory support, consumer 3d printing.
The 3d printing materials market size is expected to see exponential growth in the next few years. It will grow to $6.13 billion in 2028 at a compound annual growth rate (CAGR) of 23.8%. The growth in the forecast period can be attributed to industry 4.0 integration, aerospace and defense expansion, rising infrastructure and construction, energy sector adoption, rising demand for mass customization. Major trends in the forecast period include advanced composite materials, biodegradable materials, bioinks for bioprinting, integration of electronic components, smart materials.
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Market Segmentation:
The main types of 3D printing materials are polymers, metals, ceramic, and others. Metal additive manufacturing, often known as metal 3D printing, is built on sintering or melting amorphous powder metal in a 3D space to create any structure. The different technologies include fused deposition modeling (FDM), selective laser sintering (SLS), stereolithography (SLA), direct metal laser sintering (DMLS), others and are available in various forms such as powder, filament, liquid. It is implemented in several verticals such as automotive, healthcare, aerospace and defense, consumer goods, construction, and others.
Major Driver - Automotive Demand Fueling The 3D Printing Materials Market
The rising demand for 3D printing materials in the automotive industry is expected to propel the growth of the 3D printing materials market in the forecast period. 3D printing technology has enabled amazing breakthroughs in the automotive sector, starting from the ability to produce rapid prototypes to the widespread fabrication of final car parts and, finally, the 3D manufacturing of practically entire automobiles. The automotive industry has accepted 3D printing and is increasingly utilizing its capabilities regularly. For instance, according to Machine Design, a US-based trade journal the automotive sector is expected to spend roughly $530 million on 3D printing materials by 2021. Therefore, the increasing demand for 3D printing materials in the automotive industry drives the growth of the 3D printing materials market.
Competitive Landscape:
Major companies operating in the 3d printing materials market include Stratasys Ltd., 3D Systems Corp, Arcam AB, Exone GmbH, Koninklijke DSM NV, Cita Rasa Prima Group, Envisiontec GmbH, EOS GmbH Electro Optical Systems, Materialise NV, Höganäs Stenkolsverk, LPW Technology Ltd., General Electric Company, Advanced Powders and Coatings INC., Formlabs Inc., Toner Plastic, Taulman 3D, Dutch Filaments BV, Arkema SA, Evonik Industries AG, Badische Anilin- und Sodafabrik, Henkel AG & Co KGaA, Solvay SA, Sandvik AB, Saudi Basic Industries Corporation, De Nederlandse Staatsmijnen, Covestro AG, Dow Inc., LG Chem Ltd., Kuraray Co Ltd., ColorFabb BV
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Top Trend - Desktop Metal Launches Ti64 Material In 3D Printing Materials Market
The growing technological advancements are gaining significant popularity in the 3D printing materials market. Major companies operating in the 3D printing materials sector are focused on developing new technologies to enhance design capabilities and improve the user experience. For instance, in August 2021, Desktop Metal, a US-based manufacturer of 3D printing systems launched Ti-6AI-4V titanium alloy (Ti64). Ti-6AI-4V titanium alloy (Ti64) is a 3D printing material designed for Studio System 2 metal 3D printer. This consists of combination of high strength, low density, corrosion resistance, ability to withstand temperatures of nearly 800°C and general biocompatibility. Ti-6AI-4V titanium alloy (Ti64) allows users to create titanium parts with complex features.
The Table Of Content For The Market Report Include:
1. Executive Summary
2. 3D Printing Materials Market Characteristics
3. 3D Printing Materials Market Trends And Strategies
4. 3D Printing Materials Market - Macro Economic Scenario
5. 3D Printing Materials Market Size And Growth
…..
27. 3D Printing Materials Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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