3D Printing Material Market Size, Share, Growth Analysis, By Type(Plastics, Metals, Ceramics, and Others), By End-users(Automotive, Aerospace & defense, Industrial, Medical and Others), By Software(Design software, Inspection software, Printer software, and Scanning software), By Technology(Stereolithography, Fused deposition modeling (FDM), Direct metal laser sintering (DMLS), Selective laser sintering (SLS)), By Region - Industry Forecast 2024-2031

Report ID: SQMIG45J2219 | Region: Global | Published Date: February, 2024
Pages: 157 | Tables: 128 | Figures: 72

3D Printing Material Market Insights

Global 3D Printing Material Market size was valued at USD 3.11 billion in 2022 and is poised to grow from USD 3.77 billion in 2023 to USD 17.55 billion by 2031, growing at a CAGR of 21.2% in the forecast period (2024-2031).

According to the China Association of Automobile Manufacturers (CAAM), production and sales of passenger vehicles reached 5.262 million and 5.138 million units respectively from January to March 2023, up 4.3% and 7.3% year -on-year, respectively in -year based. Similarly, commercial vehicle production and sales stood at 948,000 and 938,000 units, respectively, up 3.9% and 2.9% year over year. According to the survey, 32% of people in the automotive, aerospace and aerospace sector said they use 3D Printing Materials to make or build devices.

Many complex technologies such as Fused Filament Fabrication (FFF) are used to produce prototypes and end-use parts. Plastic is considered the main driver of this segment, which uses detailed, accurate, flexible 3D printed scales in the automotive industry to showcase innovative vehicle concepts and designs. Furthermore, new technologies and innovations contribute to the growth of the 3D printing material market during the forecast period.

3D Printing Material Market Report Snapshots

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3D Printing Material Market size was valued at USD 3.11 billion in 2022 and is poised to grow from USD 3.77 billion in 2023 to USD 17.55 billion by 2031, growing at a CAGR of 21.2% in the forecast period (2024-2031).

The competitive environment of the 3D Printing Material market is dynamic and characterized by the presence of a mix of well-established brands, emerging players, and niche producers. Innovation is a key competitive factor. Leading brands invest in research and development to introduce new flavors, packaging formats, and health-focused variations to cater to changing consumer preferences. They often set the trends in the industry. '3D Systems Corporation', 'Arkema S.A.', 'Royal DSM N.V.', 'The Exone Company', 'Stratasys Ltd.', 'General Electric', 'Materialize NV', 'Sandvik AB', 'Hoganas AB', 'Evonik Industries AG', 'Voxeljet AG', 'Markforged Inc.', 'SLM Solutions Group AG', 'Impossible Objects Inc.', 'LPW Technology Ltd.'

3D printing is increasingly used in the automotive industry to create scale models for testing purposes. They are also used for components, such as bellows, front bumpers, air conditioning ducting, suspension wishbones, dashboard interfaces, alternator mounting brackets, battery covers, etc. Automotive OEM manufacturers use 3D printing for rapid prototyping.

Education is one of the fastest growing sectors in the 3D printing material market during the forecast period. Although the use of 3D printing in education is still in its infancy, many institutions have begun to set up 3D printing facilities. 3D printing technology is also transforming the traditional classroom. Engineering students can print samples of their designs; Biology students can research a cross-section of an organ, and graphic design students can 3D print their artwork. 3D printing is very useful in creating interactive maps to teach geography to students. Moreover, governments in various countries are investing heavily in 3D printing technology.

North America is expected to grow rapidly and be a lucrative market during the forecast period. The region accounts for approximately 23% of the 3D printing materials sales value. Positive trends in the medical, aerospace and aerospace industries will drive the market growth in North America 3D printing adoption in many industries and enhanced material options will have growth potential. Measures taken by the US government to increase 3D printing, as well as funding for research and development, will increase the adoption of 3D printing, thereby increasing the market value of 3D printing materials and equipment in the region.

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