The Automotive & Defense industry is expected to spur the market growth of the global 3D printing materials market

The market report- Global 3D Printing Materials Market analyzes the 3D printing materials market around the globe by analyzing material type, form, industry, and region. A thorough report offers the most complete historical and projected market size, along with market trends analysis. RationalStat offers market share analysis and production capabilities, pricing, the 3D printer market summary, and the development of 3D printing across diverse end use industries, consumption, and production of 3D printing materials, a summary of competition markets, strategies for market entry, and possible growth opportunities for the companies that are included in the market study.

Marketing Overview and Dynamic: The plethora of applications of 3D printing across various industries is predicted to drive the growth of the market over the next few years.

The global 3D printing material market is expected to expand at a robust CAGR of 18% over the forecast period 2022-2028. The increasing industrialization rate across the developing countries of the globe, along with the rising demand for print advertisements are the primary factors contributing to the growing need for 3D printing products across the globe.

Additionally, 3D printing has revolutionized the process of manufacturing automotive parts as it makes it much easier to create complex parts that are highly efficient. In addition, 3D printing has proved to be an extremely useful method of manufacturing intricate components.

Additionally, the growth of the market is aided by the increasing utilization of additive manufacturing to manufacture various industrial items and parts in the near future. Further, the healthcare sector is expected to be the fastest-growing industry for 3D printing materials over the forecast period. The defense and aerospace industries along with the automobile industry are driving demand for metal resources and accelerating the use of 3D printing materials. Also, 3D printing technology has allowed the construction industry to create more intricate and lighter structures for less cost, which is boosting the global market’s expansion.

Segmental Analysis

Based on material type, Plastics hold a dominant share of the global 3D printing materials market due to the rising demand for high-performance printing materials. However, the metal segment is expected to witness faster growth due to the growing use of metal in the healthcare sector.

Based on region, Europe holds a prominent share of the global 3D printing materials market due to the rapid adoption of 3D technology across various industries like aerospace & defense, healthcare, automotive, etc.

Competition Analysis: The growing support and initiatives by the government are anticipated to favor the growth of the global 3D printing materials market in the upcoming years

Due to the presence of many well-established companies in the global 3D printing materials market, there is intense competition in the global 3D printing materials market. The use of plastics in the healthcare segment is expected to boost the growth of 3D printing material owing to enhanced flexibility and durability.

Acquisitions, product launches, and partnerships are the identified industry trend in the global 3D printing materials market. Key market players adopt various strategies in order to reinforce their market share and gain a competitive edge over other competitors in the market. These players adopt various strategies in order to reinforce their market share and gain a competitive edge over other competitors in the market.

In October 2021, Stratasys Ltd. acquired the remaining shares of Xaar 3D Ltd., which is expected to aid the company’s growth in the sector of 3D printing materials.

In October 2021, Evonik Industries created two new photopolymers for 3D printing, namely, INFINIUM RG 3101 L and INFINIUM FL 6300 L. This recently announced product line of synthetic resins is suitable for use in standard photopolymer 3D printing techniques such as Stereolithography (SLA) or Digital Light Processing (DLP).

Some of the prominent players that contribute significantly to the market include 3D Systems Corporation, Stratasys Ltd., Evonik Industries AG, Arkema SA, Materialise NV, General Electric Company, The ExOne Company, Hoganas AB, and Royal DSM N.V. among others.

Key Customers: 3D Printing Materials Market

Leading customers of 3D printing materials from a wide range of industries include Boeing, Airbus, Toyota, Hyundai, Honeywell, ArcelorMittal, Honda, Siemens, Mitsubishi, Michelin, NASA, Samsung, BASF, Pratt & Whitney, BMW, Thales, Safran, and General Electric, among others. Predominantly, aerospace, space agencies, heavy machinery, and automotive industries dominate the consumption of 3D printing materials.

RationalStat has segmented the global 3D printing materials market on the basis of material type, form, and region.

By Material Type
Plastic
Polyethylene Terephthalate (PET)
Polyvinyl Alcohol (PVA)
High Impact Polystyrene (HIPS)
Polylactic Acid (PLA)
Others (Acrylonitrile Butadiene Styrene Nylon)
Metals
Steel
Aluminum
Cobalt
Others (Nickel and alloys)
Others (Ceramics etc.)
By Form
Liquid
Powder
Filament
By Industry
Aerospace & Defense
Automotive
Industrial Manufacturing
Healthcare & Medical
Others (Construction, and Consumer Electronics, etc.)
By Region
North America
US
Canada
Latin America
Brazil
Mexico
Rest of Latin America
Western Europe
Germany
UK
France
Spain
Italy
Rest of Western Europe
Eastern Europe
Russia
Poland
Rest of Eastern Europe
Asia Pacific
China
Japan
India
South Korea
Australia
ASEAN (Indonesia, Vietnam, Malaysia, etc.)
Rest of Asia Pacific
Middle East & Africa
GCC
South Africa
Turkey
Rest of the Middle East & Africa