Transparency Market Research Inc. – The global 3D printing materials market stood at US$ 1.9 Bn in 2021. The global industry is anticipated to continue growing in the next few years. According to Transparency Market Research, the global market is anticipated to rise at a compound annual growth rate (CAGR) of 20.4% from 2022 to 2031, to reach a value of US$ 10.1 Bn by 2031. There are several trends driving the growth of the 3D printing materials market. One of the key trends is the increase in adoption of 3D printing in the healthcare industry.
One of the latest trends is the increased focus on sustainable and eco-friendly materials. Bioplastics, which are made from renewable resources, are becoming more popular as they can be used to create a wide range of products and reduce the environmental impact of traditional plastics. Another trend is the development of specialized materials for specific applications. For example, there are now 3D printing materials that are optimized for use in the medical field, such as biocompatible polymers for creating custom prosthetics and implants. Additionally, the use of metal alloys and ceramics in 3D printing is becoming more common, allowing for the creation of more durable and heat-resistant products.
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3D Printing Materials Market: Key Findings of Report
- Increase in Adoption in Healthcare Industry: Adoption of 3D printing in healthcare industry is being driven by the ability of this technology to produce customized products with high precision and accuracy. 3D printing is being utilized in the healthcare industry for a range of applications, including the production of custom medical implants and prosthetics, as well as the manufacture of surgical instruments and drug delivery devices. The use of 3D printing in healthcare can help to reduce costs and improve patient outcomes.
- Rising Investments and Technological Advancements: The 3D printing industry is attracting significant investments from venture capital firms, as well as strategic investments from companies looking to tap into the growth potential of this technology. These investments are helping to drive the development of new materials and technologies, as well as the expansion of manufacturing capabilities. In addition, technological advancements in 3D printing are enabling the production of more complex and sophisticated products, which is bolstering market growth.
3D Printing Materials Market: Growth Opportunities
- Growth in investments and technological advancements in the industry contribute to market expansion.
- Increase in demand for customized products is a key driver of market development
- Rise in adoption of 3D printing in aerospace, as well as automotive industries, and favorable government initiatives also support market expansion
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3D Printing Materials Market: Regional Growth Assessment
The global 3D printing materials market is segmented into North America, Europe, Asia Pacific, and Rest of the World. In 2021, North America led the global industry, with a share of over 37%. Increase in adoption of 3D printing technologies in healthcare industry is the primary driver of the market in this region. Furthermore, presence of a large number of 3D printing service providers and 3D printing material manufacturers is also boosting market growth in North America.
Asia Pacific is expected to register healthy growth in the coming years, at a CAGR of 24.7% from 2022 to 2031. Growing adoption of 3D printing in aerospace and automotive industries, as well as increase in investments by regional players is propelling this market. Additionally, presence of a large number of small and medium-sized enterprises (SMEs) in Asia Pacific is providing a boost to the market.
3D Printing Materials Market: Key Players
The 3D printing materials market is highly competitive, with a number of players vying for market share. These players include 3M, Arkema Group, BASF SE, EOS GmbH, Stratasys Ltd., Ultimaker BV, ExOne GmbH, and Imagin Plastics Ltd. The competitive landscape of the 3D printing materials market is intensified by the presence of private label brands and store brands, which offer products at competitive prices. These brands are often able to leverage the distribution networks and brand recognition of the retailers they are associated with, making it difficult for other players to compete. To stay competitive, companies in the 3D printing materials market are constantly innovating and introducing new products and technologies.
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3D Printing Materials Market: Segmentation
3D Printing Materials Market, by Product
- Ceramics
- Plastics
- Metals
- Others (Including Wax, Laywood, etc.)
3D Printing Materials Market, by End-use
- Electronics & Consumer Products
- Automotive
- Medical
- Industrial
- Education
- Aerospace
- Others (Including Military, Architecture, etc.)
3D Printing Materials Market, by Region
- North America
- Latin America
- Europe
- Asia Pacific
- Middle East & Africa
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About Transparency Market Research
Transparency Market Research, a global market research company registered at Wilmington, Delaware, United States, provides custom research and consulting services. The firm scrutinizes factors shaping the dynamics of demand in various markets. The insights and perspectives on the markets evaluate opportunities in various segments. The opportunities in the segments based on source, application, demographics, sales channel, and end-use are analysed, which will determine growth in the markets over the next decade.
Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insights for thousands of decision-makers, made possible by experienced teams of Analysts, Researchers, and Consultants. The proprietary data sources and various tools & techniques we use always reflect the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in all of its business reports.
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