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The 3D printing materials market size is estimated to grow at a CAGR of 22.51% between 2022 and 2027. The market size is forecast to increase by USD 3,786.41 million. The growth of the market depends on several factors, including low wastage of cartridges in additive printing, the emergence of new 3D printing materials, and the limited time required for 3D printing. 3D printing refers to the process of producing a physical object using a virtually designed model. 3D printing materials are the raw materials used to produce such objects. Various types of 3D printing materials are required for different applications.
This 3D printing materials market report extensively covers market segmentation by material (thermoplastic polymer, metal powder, photopolymer, and others), end-user (aerospace and defense, healthcare, automotive, consumer goods, and others), and geography (North America, Europe, APAC, Middle East and Africa, and South America). It also includes an in-depth analysis of drivers, trends, and challenges. Furthermore, the report includes historic market data from 2017 to 2021.
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Low wastage of cartridges in additive printing is the key driver for the growth of the 3D printing materials market share. Additive printing produces less waste than traditional printing because the exact amount of material required is predetermined. Additive printing reduces the waste generated by computer numerical control (CNC) milling, initially creating a rough shape for printing to desired sizes. 3D printing is an ideal solution for printing products with detailed definitions as it can print small details with precision. 3D printing also allows the user to get the designs exactly as required.
Moreover, 3D printing is considered a sustainable manufacturing method. 3D printing uses only the necessary material when adding layers one at a time, ensuring much less waste. Additionally, it can reuse plastic waste. Therefore, the use of 3D printing reduces the volume of waste. Low cartridge waste in additive printing will boost the growth of the global 3D printing materials market during the forecast period.
Focus on recycling 3D printing materials is the primary 3D printing materials market trend. Recently, recyclable water bottles, yogurt containers, and many other types of waste have been used as raw materials for 3D printing. Increasing costs and scarcity of these raw materials are driving some suppliers to use recyclable plastics such as PET as 3D raw materials. Using recycled raw materials helps to reduce raw material sourcing costs and increase supplier profit margins.
For instance, in March 2020, Manchester Metropolitan University began leading a European Union-funded project, TRANSFORM-CE. TRANSFORM-CE focuses on transferring plastic waste from landfills in North West Europe and converting them into 3D printed materials. Such initiatives force suppliers to utilize PET waste, which is expected to fuel the growth of the global 3D printing materials market during the forecast period.
The high cost of 3D printing equipment and materials is the challenge that affects the 3D printing materials market growth. The high cost of 3D printing equipment and materials, such as 3D filaments, is a major challenge for the adoption of 3D printing technology. The cost of an average 3D printer is around USD 650-750 and the cheapest 3D printer costs around USD 250. Materials used in 3D printing, such as ABS, PLA, PVA, PET, and high-impact polystyrene (HIPS), are also more expensive than traditional printing materials.
For example, ABS costs about USD 18 to USD 175 per kg depending on color and diameter, PLA costs about USD 19 to USD 165 per kg depending on diameter and color, PVA costs PVA starts from USD 35.99 per kg, PET starts from USD 24.99 per kg, PET starts from USD 25.99 per kg, and HIPS starts from USD 24.95 per kg depending on the color and diameter. Therefore, the high cost of 3D printing materials and equipment is a challenge that will impede the growth of the global 3D printing materials market during the forecast period.
The market share growth by the thermoplastic polymer segment will be significant during the forecast period. The thermoplastic polymer segment includes thermoplastic fibers and powders, which are plastic materials. One of the factors influencing the demand for thermoplastic polymers for 3D printing is their application in optics. Acrylonitrile butadiene styrene (ABS), polylactic acid (PLA), polyvinyl alcohol (PVA), and polyethylene terephthalate (PET) are the most common thermoplastic polymers used in 3D printing.
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The thermoplastic polymer segment showed a gradual increase in the market share of USD 383.58 million in 2017 and continued to grow by 2021. ABS is made from polymers such as acrylonitrile, butadiene, and styrene. PLA is a recyclable thermoplastic polymer made from organic and renewable materials such as sugarcane, corn, and starch. PVA is a water-soluble synthetic polymer. It is obtained by polymerization of vinyl alcohol. PET is a transparent, durable, and lightweight 3D printing material. It is used for 3D printing of matte and glossy products that require minimal post-processing. Furthermore, thermoplastic polymers are widely used for the 3D printing of automotive parts, sports equipment, toys, electronic accessories, kitchen appliances, and jewelry. Therefore, the increasing adoption of 3D printing in these industries will drive the growth of the segment during the forecast period.
Some of the commonly used 3D printing materials in aerospace and defense are titanium, aluminum, stainless steel, and nickel. Titanium is favored in the aerospace industry due to its high strength, lightweight, and other benefits. The aerospace and defense industries have huge potential to drive the market for 3D printed titanium products, due to the advantages of titanium, such as low thermal conductivity and high strength-to-weight ratio. In addition, suppliers continue their growth activities, such as new product launches, capacity expansions, and partnerships, to strengthen their market positions and meet increasing industry needs. Such cooperation between major market players and aerospace and defense companies will accelerate the growth of the global 3D printing materials market in this segment during the forecast period.
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North America is estimated to contribute 37% to the growth of the global market during the forecast period. Technavio’s analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period. Due to the growing adoption of 3D printing by the defense and aerospace, healthcare, consumer electronics, robots, and automotive industries will drive the growth of the market in this region.
Moreover, 3D printing is gaining popularity in the education sector as well as in the region. 3D printing for STEM education is gaining popularity in the region. The region's education sector was an early adopter of cutting-edge technologies. Therefore, these factors are also contributing to the increased demand for 3D printing materials in the region.
Due to the outbreak of the COVID-19 pandemic in 2020, The 3D printing materials market in North America witnessed certain challenges which resulted in the temporary lockdowns of various industries such as 3D printing materials. However, in 2020, due to the urgent need for personal protective equipment to control the spread of the pandemic, the demand for 3D printing solutions has raised. Furthermore, by 2021, the demand for 3D printing materials has increased again with end users in the region resuming business due to the implementation of large-scale vaccination campaigns against COVID-19. Thus, these factors will drive the growth of the 3D printing materials market in the region during the forecast period.
The 3D Printing Materials Market report includes the adoption lifecycle of the market, covering from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their growth strategies.
Global 3D Printing Materials Market Customer Landscape
Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.
The research report also includes detailed analyses of the competitive landscape of the market and information about 20 market companies, including:
Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.
The 3D printing materials market report forecasts market growth by revenue at global, regional & country levels and provides an analysis of the latest trends and growth opportunities from 2017 to 2027.
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3D Printing Materials Market Scope |
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Report Coverage |
Details |
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Page number |
179 |
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Base year |
2022 |
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Historic period |
2017-2021 |
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Forecast period |
2023-2027 |
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Growth momentum & CAGR |
Accelerate at a CAGR of 22.51% |
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Market growth 2023-2027 |
USD 3,786.41 million |
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Market structure |
Fragmented |
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YoY growth 2022-2023(%) |
22.21 |
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Regional analysis |
North America, Europe, APAC, Middle East and Africa, and South America |
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Performing market contribution |
North America at 37% |
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Key countries |
US, Canada, China, UK, and Germany |
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Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
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Key companies profiled |
3D Systems Corp., Arkema Group, BASF SE, CRP Technology Srl, EOS GmbH, Evonik Industries AG, Formlabs Inc., General Electric Co., Henkel AG and Co. KGaA, Hewlett Packard Enterprise Co., Hoganas AB, Impossible Objects, MATERIALISE NV, Nano Dimension Ltd., Proto Labs Inc., Sandvik AB, Sintokogio Ltd., Solvay SA, Stratasys Ltd., and Ultimaker BV |
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Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period. |
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Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
We can help! Our analysts can customize this market research report to meet your requirements.
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Material
7 Market Segmentation by End-user
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Trends
11 Vendor Landscape
12 Vendor Analysis
13 Appendix
Research Framework
Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.
INFORMATION SOURCES
Primary sources
Secondary sources
DATA ANALYSIS
Data Synthesis
Data Validation
REPORT WRITING
Qualitative
Quantitative
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