The Market size of the Global 3D Printing Materials Market is estimated to be worth US$ 1.5 Billion in 2019 and is poised to reach a market size of US$ 4.5 Billion in 2024 growing at a healthy CAGR of 25%.
The segment offers a plethora of opportunities for SMEs as the materials are extensively used across domains including Medical and Dental segment, Consumer & Industrial Goods, Aerospace & Defense and Automotive segments.
- Definition / Scope
- Market Overview
- Market Risks
- Market Trends
- Industry Challenges
- Technology Trends
- Other Key Market Trends
- Market Size and Forecast
- Market Outlook
- Technology Roadmap
- Competitive Landscape
- Competitive Factors
- Key Market Players
- Strategic Conclusion
Definition / Scope
From its humble beginnings in the late 1980s through to the evolution as a global force today, the capabilities of 3D printing technology has been dependent on the range of materials available compatible with the different printing processes.
The range of materials has continued to diversify over the course of time, with key 3D printing equipment manufacturers investing significant resources to bringing new materials to market.
3D Printing materials refers to the materials opted in 3D printing for creating 3D objects. These materials are added in layers to create the 3-Dimensional objects. The major application of 3D Printing materials is in modelling of the projects.
The materials after being molded into the desired forms are used to develop full-color functional models and visual projects. The simulated designs in the software are printed in reality and 3D printers are available in the market according to the type of material used.
The 3D printing applications by material types used across several industrial verticals such as Medical and Dental Industry, Aerospace & Defense, Consumer Goods, Industrial Goods and Automotive Industry.
In the Medical Industry they are used by manufacturers of medical implants to 3D print patient-specific implants for immediate use in a fraction of the time of the traditional methods.
3D Printing materials offers a plethora of opportunities for SMEs as they involve low investments, closer customer engagements, expansion into new markets and higher margins
3D Printing materials are extensively used in the Automotive Industry, for the manufacturing of the scaled models, for the purpose of testing.
They are also used for components, such as bellows, front bumper, air conditioning ducting, suspension wishbone, dashboard interface, alternator mounting bracket, battery cover, etc. Automotive OEMs are using 3D Printing materials for rapid prototyping.
The Aerospace Industry uses 3D Printing materials to manufacture end-use parts such as Jigs and Fixtures, Surrogates, Mounting Brackets and Prototypes. They are primarily used in the Aerospace & Defense sector for cutting storage costs and reduce wasted production materials.
In the Consumer Goods Industry, 3D Printing materials are used for product design and development through the process of Rapid prototyping. Also 3D printing eliminates the need for tooling and thus helps reduction in cost and time for the development of prototypes and durable functional parts.
The 3D Printing materials market comprises major manufacturers such as 3D Systems (US), Arkema S.A. (France), Royal DSM (Netherlands), The ExOne Company (US), Stratasys Ltd. (US), General Electric (US), EOS GMBH Electro Optical Systems (Germany), Materialise NV (Belgium), Sandvik AB (Sweden), and Höganäs AB (Sweden).