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Redding, California - April 22, 2024

3D Printing Material Market to be Worth $11.08 Billion by 2031

3D Printing Material Market by Type (Polymers, Metals & Alloys, Ceramics & Composites), Form (Powders, Filaments, Liquids), Technology (FDM, SLS, SLA, MJF, EBM, Others), End User (Automotive, Healthcare, Others) & Geography - Global Forecast to 2031

Meticulous Research^®—a leading global market research company, published a research report titled, ‘3D Printing Material Market by Type (Polymers, Metals & Alloys, Ceramics & Composites), Form (Powders, Filaments, Liquids), Technology (FDM, SLS, SLA, MJF, EBM, Others), End User (Automotive, Healthcare, Others) & Geography - Global Forecast to 2031’

According to this latest publication from Meticulous Research^®, the 3D printing material market is projected to reach $11.08 billion by 2031, at a CAGR of 23.8% from 2024 to 2031. The growth of this market is driven by the growing demand for polymers in 3D printing applications, the increasing focus of organizations on product development and prototyping, and government initiatives supporting the adoption of 3D printing technologies. However, the high costs of 3D printing material restrain the growth of this market.

Furthermore, the application of 3D printing technologies in the education sector and the increasing focus of companies on hybrid material innovation are expected to generate growth opportunities for market stakeholders. However, the scarcity of skilled professionals and limited material selection are major challenges impacting the market growth.

Based on type, the global 3D printing material market is broadly segmented into polymers, metals & alloys, ceramics & composites. In terms of volume, the polymer segment is expected to account for a large market share; however, in terms of value, the metals & alloys segment is expected to account for a larger market share due to its cost and the initial investment required for the production of parts. In 2024, the polymers segment is expected to account for the largest share of the global 3D printing material market. The large market share of this segment is attributed to the advancements in 3D printing technologies, the rising demand for high-performance polymers from industries including automotive, aerospace, and military, the ease of producing models and complicated designs using polymers, and the growing usage of polymers for 3D printing of emerging and specialized applications across healthcare.

In addition, several players are also focusing on the development of material to be used in 3D printing to reduce the cost of printing parts. For instance, in March 2024 , HP Inc. (U.S.) launched a new polymer material, HP 3D HR PA 12 S, enabled by Arkema (France), establishing a new benchmark in surface finish with a lower cost per part. The new PA 12 S material sets the standard for surface aesthetics while reducing costs for customers using HP’s Jet Fusion 5200 Series 3D printing solutions.

Moreover, the increased adoption of 3D printing techniques for jewelry making, the requirement for high-strength material in various industries, including automotive, industrial, and construction, and the difficulty in processing super alloys in traditional manufacturing methods are contributing to the share of the metals and alloys segment.

However, the ceramics & composites segment is expected to register the highest CAGR during the forecast period. Factors such as the rising adoption of ceramic material for 3D printing vases, bowls, sculptures, and other artistic items and the increasing use of composite material in 3D printing processes to produce parts and components for improved strength and durability are expected to drive the growth of this segment. Moreover, several companies are focusing on advancing in ceramic 3D printing. For instance, in February 2024 , Lithoz GmbH (Austria) established a technology network to advance ceramic 3D printing. The network will consist of an initial three Japanese ceramic companies: AS ONE (Japan), Mitsui Kinzoku ACT (Japan) and Yugyokuen Ceramics (Japan).

Based on form, the global 3D printing material market is segmented into powders, filaments, and liquids. In 2024, the powders segment is expected to account for the largest share of the global 3D printing material market. The large market share of this segment is attributed to the growing adoption of powder-based 3D printing processes across aerospace, automotive, consumer goods, and industrial manufacturing applications and the increased use of powder forms of material due to their ability to easily transport and mold into desired shapes.

However, the filaments segment is expected to record the highest CAGR during the forecast period. The growth of this segment is attributed to the growing use of 3D printing filaments for manufacturing commercial and military aircraft and the increasing use of filament material for the application of prototyping. Moreover, several key players are focusing on the development of material in filament form for the 3D printing of medical implants. For instance, in October 2023, Evonik Industries AG (Germany) launched a new carbon-fiber-reinforced PEEK filament, which the company claims is the 'world's first' for use in 3D printed medical implants.

Based on technology, the global 3D printing material market is segmented into fused deposition modeling (FDM), selective laser sintering (SLS), stereolithography (SLA), direct metal laser sintering (DMLS), polyjet, multi-jet fusion (MJF), digital light processing (DLP), electron beam melting (EBM), and other technologies. In 2024, the fused deposition modeling (FDM) segment is expected to account for the larger share of the global 3D printing material market. The large market share of this segment is attributed to the ability to manufacture a wide range of 3D-printed objects, increased adoption of fused deposition modeling (FDM) technology for rapid prototyping, product development, and production, and the cost-effectiveness of FDM technology in producing custom thermoplastic parts and prototypes.

However, the electron beam melting (EBM) segment is expected to record the highest CAGR during the forecast period. The growth of this segment is attributed to the rising use of electron beam melting (EBM) technology for metals and the increasing adoption of EBM 3D printing technology in the aerospace, motorsports, and medical industries to produce turbine blades and engine parts, medical implants, and prostheses.

Based on end user, the global 3D printing material market is broadly segmented into consumer packaged goods, automotive, industrial, healthcare, aerospace & defense, energy, construction, and other end user. In 2024, the aerospace & defense segment is expected to account for the largest share of the global 3D printing material market. The large market share of this segment is attributed to the requirement for the highest standards in part performance, advancements in 3D printing, increased use of 3D printing for highly complex parts, and growing investment for prototyping and defense research & development. Also, the growing focus of the aerospace & defense industry on using additive manufacturing to innovate manufacturing processes is contributing to the large market share. For instance, in October 2023 , Airbus SE (Germany) expanded its additive manufacturing capabilities with a new 3D printing center in Donauwörth, Germany.

Moreover, the industrial segment is expected to record the highest CAGR during the forecast period. This segment's growth is attributed to the growing use of 3D printing for mass production in industrial manufacturing, manufacturers' increasing focus on reducing cost and lead times, and the increasing use of 3D-printed composite material in industrial applications.

In addition, manufacturing companies are increasing the use of 3D printing. For instance, in November 2023, Velo3D, Inc. (U.S.) announced that Atomic Industries (U.S.) purchased a fully integrated metal additive manufacturing solution to provide its customers with 3D-printed tooling and dies.

Based on geography, the 3D printing material market is segmented into North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa. In 2024, North America is expected to account for the largest share of the global 3D printing material market. The large market share of this segment is attributed to the presence of key market players in the region and the growing demand for customized 3D-printed products in the region across the healthcare, consumer electronics, aerospace & defense, and automotive sectors; growing adoption of industrialization 4.0, and increasing collaborations and investments by enterprises for the development of advanced 3D printing & its material. For instance, in October 2023 , 3D Systems, Inc. (U.S.) launched the launch of its new MJP 300W 3D printer and VisiJet Wax Jewel Ruby material.

Moreover, Asia-Pacific is expected to record the highest CAGR during the forecast period. Factors such as the rapid developments in the manufacturing sector in Asia-Pacific with growing interest in new technologies for efficient production. Additionally, increased digitization has fueled the growth and adoption of 3D printers for end-use industries such as consumer goods, construction, healthcare, electronics, and semiconductors. Countries such as China, India, Japan, South Korea, and Singapore are some of the largest economies in this region and have huge potential for the adoption of 3D printing due to the rapid increase in industrialization.

Key Players:

Some of the key players operating in the 3D printing material market are Markforged, Inc. (U.S.), Sculpteo (France), Stratasys Ltd. (U.S.), Evonik Industries AG (Germany), Zortrax (Poland), 3D Systems, Inc. (U.S.), Proto Labs, Inc. (U.S.), MATERIALISE NV (Belgium), The ExOne Company (U.S.), IC3D, Inc. (U.S.), Desktop Metal, Inc. (U.S.), EOS GmbH (Germany), Tethon3D (U.S.), Lithoz GmbH (Germany), and Formlabs (U.S.).

Download Sample Report Here @ https://www.meticulousresearch.com/download-sample-report/cp_id=5083

Key questions answered in the report-

Which are the high-growth market segments based on type, form, technology, and end user?
What was the historical market for 3D printing material?
What are the market forecasts and estimates for the period 2024–2031?
What are the major drivers, restraints, and opportunities in the 3D printing material market?
Who are the major players, and what shares do they hold in the 3D printing material market?
How is the competitive landscape in the 3D printing material market?
What are the recent developments in the 3D printing material market?
What are the different strategies adopted by the major players in the 3D printing material market?
What are the key geographic trends, and which are the high-growth countries?
Who are the local emerging players in the global 3D printing material market, and how do they compete with the other players?

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Redding, California - April 22, 2024

3D Printing Material Market to be Worth $11.08 Billion by 2031

3D Printing Material Market by Type (Polymers, Metals & Alloys, Ceramics & Composites), Form (Powders, Filaments, Liquids), Technology (FDM, SLS, SLA, MJF, EBM, Others), End User (Automotive, Healthcare, Others) & Geography - Global Forecast to 2031

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