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3D Printing Materials are used to manufacture 3-dimensional objects. The Global 3D Printing Material Market is estimated to showcase strong growth at a CAGR of 19% over the forecast period of 2017-2022, affirms Market Research Future (MRFR) in an in-depth study.3D Printing has emerged as a manufacturing revolution and has gained relevance across almost all industry verticals which is the prime driver of the Global 3D Printing Material Market. Multiple industries are embracing 3d Printing Technology for mass customization of various goods which has generated demand for 3D Printing Materials. The 3d Printing Material Market is growing in tandem with the 3D printing metal market.
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The aerospace industry has majorly embraced 3D Printing for the production of aerospace components and parts. 3D Printing Material is lighter and facilitates intricate designing, prototyping, and manufacturing which provides better strength and resistance. Titanium is one of the most used 3D printing material. The automotive industry too has extensively adopted 3D printing for manufacturing automotive parts. Growing demand for lightweight materials from the aerospace and automotive industry have triggered growth within the Global 3D Printing Material Market.
Cutting edge competition has resulted in the reduction of price of 3D printing materials which has proven to be a plus for the market growth. 3D Printing Materials are used for a myriad of applications, and new use cases are being added to its portfolio day by day. In addition, advances in material science and diversification of material range which provide enhanced quality, greater choice and flexibility is further augmenting the growth of the market. Emerging materials such as new alloys for 3D printing, metal-filled thermoplastic filaments, nanoparticles, conducive inks, pastes, and others are expected to provide growth opportunities to the Global 3D Printing Material Market. Furthermore, advances in 3D printing technology can also take the market ahead.
The Global 3D Printing Material Market is expected to attain a market valuation of USD 1,500 Mn by the end of 2022.
Segmentation:
The Global 3D Printing Material Market has been segmented based on Material and Application.
By Material, the Global 3D Printing Material Market has been segmented into metals, plastics, ceramics, and others.
By Application, the Global 3D Printing Material Market has been segmented into automotive, healthcare, aerospace & defense, consumer goods, and others.
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Regional Analysis:
By Region, the Global 3D Printing Material Market has been segmented into North America, Asia Pacific (APAC), Europe, and Rest-of-the-World (RoW).
Europe is expected to be the dominant market for 3D Printing Material due to the rapid development of the automotive industry in the region which is progressively shifting towards 3D printing for the production of automotive parts and components.
North America is a significant revenue pocket. Presence of an established aerospace industry induces high demand for 3D printed parts and components. The defense industry too incurs high expenditure on the procurement of 3D printed superior arms and armaments which has proven to be vital for the growth of the market. The region invests heavily on R&D activities which paired the existence of key players in the region is fostering the growth of the North America market.
Rising disposable income in the developing countries of APAC has boosted the growth of end-user industries such as automotive, healthcare, and others which generate demand within the APAC 3D printing material market.
Competitive Landscape:
Arcam AB Inc. (UK), and Stratasys Ltd. Inc. (USA), D Systems Corporation (USA), Höganäs AB (Sweden), Sandvik AB (Sweden), ExOne GmbH Inc. (Germany), Arkema S.A. Inc. (India), EOS GmbH (Germany), Royal DSM N.V. (Netherlands), and Solvay S.A. (Belgium) are the key players in the Global 3D Printing Material Market.
Industry Updates:
March 2019- Arkema, specialty chemicals manufacturer introduced a new high-performance polymer in collaboration with 3DXTech, a leading filament manufacturer. FluorX is a novel 3D Printing Material which provides high chemical and thermal resistance for industrial-grade printing.
March 2019- Fortify, an advanced manufacturing company, announced a partnership with DSM, a company active in the field of health, nutrition, and materials, for the development of high-performance composite materials for 3D printing of structural parts. Fortify will leverage it's Digital Composite Manufacturing (DCM) platform and fiber processing expertise along with DSM’s application knowledge in 3D printing resin and formulation development for the new project.
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