In 2022, the worldwide additive manufacturing and material market was valued at US$ 26.8 billion. The demand for additive manufacturing and materials is expected to expand at a 21.2% CAGR over the next decade. As a result, by the end of 2032, the worldwide market will have reached a worth of US$183 billion.
Stereolithography will remain the most popular 3D printing process. This is because of the numerous benefits that this additive manufacturing technology provides. Future Market Insights predicts a 21.1% CAGR for the target category between 2022 and 2032.
The worldwide market is being driven by the increased use of additive manufacturing technologies by a variety of sectors. Similarly, developments in 3D technology are expected to enhance sales throughout the projected period.
Latest advancements in 3D printing have made it possible to put materials more precisely and flexibly. This in turn has tremendously improved additive manufacturing. These materials are better and more valuable than conventional goods such as resin, since they can self-assemble, self-heal, and self in reaction to outside stimuli.
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The capacity of materials used in 4D printing to change their shapes and colors in response to UV and visible light has raised demand. Today, more and more industries are shifting towards additive manufacturing technologies. This will continue to boost additive manufacturing material demand.
The automobile industry is leading the way in integrating additive manufacturing and materials. This is due to rising adoption of 3D printing technologies for prototyping applications in this industry.
Rising demand from medical device, aerospace, and electronics sectors will boost the global market. Besides this, penetration of industry 4.0 and innovations in 3D printers are likely to fuel sales.
Key Takeaways from the Additive Manufacturing and Material Market Report:
- Global demand for additive manufacturing and materials will rise at 21.2% CAGR through 2032.
- By technology, stereo lithography segment is set to rise at 21.1% CAGR.
- Based on end user, automotive segment will thrive at 21.0% CAGR over the next ten years.
- The USA additive manufacturing and material market will cross US$ 57 billion mark by 2032.
- Additive manufacturing and material sales in China will increase at 22.3% CAGR.
- Japan additive manufacturing and material market will reach US$ 13.2 billion by 2032.
- Demand in Korea market is forecast to surge at 21.6% CAGR during the assessment period.
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“Growing popularity of 3D printing technology due to its several advantages will boost the market. Besides this, focus on improving productivity and reducing production costs will fuel demand.” Says a lead Future Market Insights analyst.
Who is Winning?
3D Systems Corporation, Envision TEC GmbH, Stratasys Ltd, General Electric Company, Materialise NV, EOS GmbH, SLM Solutions Group AG, CleanGreen 3d Limited, Exone Company, and Optomec Inc. are key companies operating the market.
Most of these players are introducing novel additive manufacturing solutions to gain profits. They are also adopting strategies such as acquisitions, mergers, and collaborations to expand their presence.
More Insights Available
Future Market Insights, in its new offering, presents an unbiased analysis of the additive manufacturing and material market, presenting historical market data (2017 to 2021) and forecast statistics for the period from 2022 to 2032.
The study reveals extensive growth in the additive manufacturing and material market based on technology (stereo lithography, fused deposition modeling, laser sintering, and binder jetting printing), end user (aerospace and defense, automotive, healthcare, and industrial), and material (plastic, metals, and ceramics) across various regions.
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Additive Manufacturing and Material Market Segmentation
By Technology:
- Stereo Lithography
- Fused Deposition Modeling
- Laser Sintering
- Binder Jetting Printing
By End User:
- Healthcare
- Aerospace and Defence
- Automotive
- Industrial
By Material:
- Plastic
- Metals
- Ceramics
By Region:
- North America
- Latin America
- Europe
- Asia Pacific
- Middle East and Africa
Author:
Sudip Saha is the managing director and co-founder at Future Market Insights, an award-winning market research and consulting firm. Sudip is committed to shaping the market research industry with credible solutions and constantly makes a buzz in the media with his thought leadership. His vast experience in market research and project management a consumer electronics will likely remain the leading end-use sector cross verticals in APAC, EMEA, and the Americas reflects his growth-oriented approach to clients.
He is a strong believer and proponent of innovation-based solutions, emphasizing customized solutions to meet one client’s requirements at a time. His foresightedness and visionary approach recently got him recognized as the ‘Global Icon in Business Consulting’ at the ET Inspiring Leaders Awards 2022.
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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