The global 3D printing materials market is poised for substantial growth, projected to reach approximately USD 6.6 billion by 2033, up from USD 1.8 billion in 2023. This forecasted expansion reflects a robust compound annual growth rate (CAGR) of 14.2% from 2023 to 2033, according to a recent industry analysis.
3D printing, also known as additive manufacturing, has revolutionized manufacturing processes across various industries by enabling rapid prototyping, customization, and cost-efficiency. As the technology continues to evolve, the demand for advanced and innovative 3D printing materials is expected to escalate significantly.
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Additionally, the market is anticipated to develop as 3D printing is increasingly used in the building and construction industry. Additionally, it is projected that the rise of the automotive, aerospace, electronics, and medical industries will continue to be a major growth driver of the global market for 3D printing materials.
North America is anticipated to continue to be a lucrative region in the global market for 3D printing materials, according to FMI. The rapid commercialization of cutting-edge technology like 3D printing across a variety of businesses in the area is responsible for the growth.
Key Takeaways:
- By material type, sales in the metal segment are forecast to grow at a 14.9% CAGR over the assessment period.
- Based on form, demand for powder 3D printing materials is projected to increase at a 13.5% CAGR through 2031.
- In terms of applications, sales in the automotive sector are forecast to gain traction at a 13.6% CAGR over the forecast period.
- The U.S. will emerge as a lucrative pocket in the North American 3D printing materials market.
- Sales in the China 3D printing materials market are projected to increase at a 15.2% CAGR through 2031.
Competition Landscape
Key market participants in the global 3D printing materials market elaborated in the report include Covestro AG, Arkema S.A., Sandvik A.B., Evonik Industries A.G., EOS GmbH Electro Optical Systems, Ultimaker B.V., Hoganas AB, The EXONE Company, General Electrics, 3D Systems Corporation, Materialise NV, STRATASYS LTD, and MARKFORGED Inc.
Key market participants are focusing on the development of innovative 3D printing products to improve their product portfolios. Besides this, players are also investing in mergers, acquisitions, and collaborations to expand their global presence.
For instance:
- In April 2021, Sandvik and its subsidiary BEAMIT Group announced a new capacity for additive manufacturing components in super-duplex stainless steel, an alloy that combines mechanical strength with extremely high corrosion resistance.
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3D printing materials Market By Category
By Material Type:
- Plastics
- Metals
- Ceramics
- Others
By Form:
- Filament
- Powder
- Liquid
By Application:
- Electronics & Consumers
- Automotive
- Medical
- Industrial
- Education
- Aerospace
- Others
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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