Pune, India, June 13, 2023 (GLOBE NEWSWIRE) -- According to a report by Fortune Business Insights™ titled “3D Printing Materials Market Share, Size, Industry Analysis, and Regional Forecast by 2026”, the global market for 3D printing materials is expected to grow at a CAGR of 12.1% during the forecast period and reach USD 3.78 billion by 2026. The report highlights the aerospace industry as a major growth driver for this market.
3D printing materials are commonly used in this industry to build design prototypes through processes such as material jetting and SLA. Additionally, organizations like NASA and the Air Force use surrogate parts developed through 3D printing as placeholders, replicating components that are later installed during final assembly. Given the high demand for additive technology and its materials in the aerospace industry, this trend is expected to continue in the foreseeable future.
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List of Companies Profiled in the 3D Printing Materials Market Report:
- American Elements
- Covestro AG
- Höganäs AB
- GE Additive
- Royal DSM N.V.
- EOS GmbH
- Materialise NV
- Stratasys Ltd.
- Solvay
- BASF SE
- Evonik Industries AG
- ExOne
- Arkema
- 3D Systems Inc.
Competitive Landscape
Strategic Launch of Advanced Products to Intensify Market Competition
The primary strategy among players in the 3D printing materials market is the rapid development and launch of advanced additive solutions and materials. In addition to this, companies are also collaborating with each other to expand their innovation capabilities and strengthen their position in the market.
Report Scope & Segmentation
| Report Coverage | Details |
| Forecast Period | 2023-2026 |
| Forecast CAGR | 12.1% |
| 2026 Value Projection | USD 3.78 Billion |
| Market Size in 2018 | USD 1.53 Billion |
| Historical Data | 2015-2017 |
| No. of Pages | 120 |
| Report Coverage | Revenue Forecast, Company Profiles, Competitive Landscape, Growth Factors and Latest Trends |
| Segments Covered |
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| Regions Covered |
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| 3D Printing Materials Market Impact Factor | Advancements in Additive Manufacturing Technologies to Benefit the Market |
| Leading Players Such as BASF and Arkema to Ramp up Investment in Innovation |
Browse Detailed Summary of Research Report with TOC:
https://www.fortunebusinessinsights.com/3d-printing-material-market-102296
Segmentation
The 3D printing materials market can be segmented based on material type, form, technology, application, end-use industry, and region. Based on material type, the market can be categorized into plastics, metals, ceramics, and others. Based on form, the market can be segmented into filament, powder, and liquid. Based on technology, the market can be segmented into Fused Deposition Modeling (FDM), Stereolithography (SLA), Selective Laser Sintering (SLS), and others. Based on application, the market can be segmented into prototyping, tooling, and functional parts. Based on end-use industry, the market can be segmented into aerospace and defence, automotive, healthcare, architecture and construction, and others.
Market Drivers
Rising Applicability of 3D Printing in Healthcare to Stoke Market Growth
The expanding use of 3D printing in the healthcare sector is expected to drive growth in the 3D printing materials market in the coming years. Recent advancements using this technology in healthcare demonstrate its vast potential. For instance, in 2019, TU Wien, a renowned Austrian university, developed a unique bio-ink that uses 3D printing materials to embed cells in a 3D matrix, enabling controlled investigation of cell behavior and tissue growth.
In January 2020, researchers at Northwestern University Feinberg School of Medicine located the structural proteins in swine ovaries, which could pave the way for the creation of artificial ovaries in humans using 3D printing materials and processes. The technology thus holds promising prospects for the healthcare industry, enabling it to reach new frontiers of medical research.
Regional Analysis
Strong Funding for Industrial R&D to Propel the Market in North America
The 3D printing materials market can be analyzed regionally across North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa.
North America is anticipated to dominate the 3D printing materials market share during the forecast period in terms of revenue and size. In 2018, the region’s market size was at USD 0.58 billion owing to the surging demand for 3D printing in the aerospace, defence, and medical industries.
Europe is also expected to witness significant growth in the market due to the region's strong focus on research and development activities, particularly in the healthcare industry, and the presence of established automotive manufacturers.
Asia Pacific region is expected to grow at a rapid pace due to the increasing manufacturing activities in countries such as China, Japan, and India, and the rising demand for 3D printing technology in various industries including aerospace, and automotive.
Latin America and the Middle East and Africa are also expected to witness growth in the market due to increasing government initiatives to promote the adoption of 3D printing technology and the rising demand for 3D printing materials in various industries.
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Detailed Table of Content
- Introduction
- Research Scope
- Market Segmentation
- Research Methodology
- Definitions and Assumptions
- Executive Summary
- Market Dynamics
- Market Drivers
- Market Restraints
- Market Opportunities
- Key Insights
- Key Emerging Trends – For Major Countries
- Key Developments: Mergers, Acquisition, Partnership, etc.
- Latest Technological Advancement
- Insights on Regulatory Scenario
- Porters Five Forces Analysis
- Global 3D Printing Materials Industry Analysis, Insights and Forecast, 2015-2026
- Key Findings / Summary
- Market Analysis, Insights and Forecast – By Type
- Plastics
- Metals
- Ceramics
- Others
- Market Analysis, Insights and Forecast – By End-User
- Automotive
- Aerospace & Defense
- Industrial
- Medical
- Consumer Products
- Others
- Market Analysis, Insights and Forecast – By Region
- North America
- Europe
- Asia pacific
- Rest of World
TOC Continued…!
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