The global 3D printing materials market size is anticipated to reach approximately USD 6.41 billion by 2029, up from USD 2.27 billion in 2023, with a projected compound annual growth rate (CAGR) of 19.1% from 2023 to 2029
The 3D printing material market is currently dominated by the United States and Europe. Both regions have a high number of patents in this technology and when combined the percentage of total IPFs for 3D printing technologies filed globally i.e. over 50000 since 2001 was a staggering 72.7. Out of these, the US accounts for 39.8 per cent while Europe has 32.9 per cent. This shows their domination in the 3D printing industry. And, within Europe, Germany is at the forefront with around 41 per cent of the region’s market share and France at the second with 12 per cent. Whereas, China, South Korea and Japan fall behind with 3.7 per cent, 3.1 per cent and 13.9 per cent respectively. But, in the coming years, the emerging economies in the Asia Pacific like India, Indonesia and Vietnam are presenting immense opportunities in the healthcare, automotive, industrial equipment, etc. sectors which will ultimately expand the 3D printing material market.
Smart materials can adjust or alter their behaviour or properties in response to ecological factors like pressure, electromagnetic fields, light and temperature. It can be utilised in additive manufacturing methods such as fused deposition modelling (FDM) and stereolithography (SLA) to make objects with shape memory capabilities. Other factors are multi-material printing, cloud-based printing services and advancements in robotics are propelling the growth of 3D printing technology
Additionally, it provides favourable market conditions for aftermarket applications as producers are progressively using additive manufacturing technology to create new parts for this segment.
As per a 2023 survey, production companies are struggling to overcome the need for a skilled workforce and the proficiency to incorporate this with the current manufacturing processes which is limiting the adoption rate. Out of 327 participating producers from the United States, Japan and Germany, around 59 per cent utilise 3D printing the remaining 31 per cent are still thinking about it and lastly, 9 per cent are totally against their application.
Several governments, international agencies and bodies worldwide have marked this as their topmost priority in the last few years and are actively exploring eco-friendly solutions. Additive manufacturing helps in lowering waste by utilising multiple layers of special inks produced from resin and other materials. On the contrary, other manufacturers remove several parts to build an object which in turn increases waste management difficulties.
Apart from this, Asia Pacific is witnessing significant growth in the manufacturing of consumer electronics, automobiles and defence sectors. Also, India surpassed Japan, Australia, Hong Kong and Singapore (excluding China) to lead the data centre capacity hub. This will help in building and delivering customised components with a short lead time.
All three challenges are highly common in consumer electronics, healthcare, heavy equipment, automotive, industrial machines and plastics & packaging industries. Other factors include the absence of in-house expertise and the cost of system equipment. The study states that close to 54 per cent consider material availability and cost as the key problem. Also, 43 per cent say manpower issues like subject matter experts and lack of qualified people are the main challenges.
REPORT METRIC |
DETAILS |
Market Size Available |
2023 to 2029 |
Base Year |
2023 |
Forecast Period |
2024 to 2029 |
CAGR |
19.1% |
Segments Covered |
By Material Type, Form and Region |
Various Analyses Covered |
Global, Regional and Country Level Analysis; Segment-Level Analysis; DROC; PESTLE Analysis; Porter’s Five Forces Analysis; Competitive Landscape; Analyst Overview of Investment Opportunities |
Regions Covered |
North America, Europe, APAC, Latin America, Middle East & Africa |
Market Leaders Profiled |
3D Systems Corporation (U.S.), HP INC. (U.S.), Proto Labs, Ltd., (U.S.), Hoganas AB (Sweden), Royal DSM N.V. (Netherlands), Lithoz GmbH (Austria), The ExOne Company (U.S.), Markforged, Inc. (U.S.), Sculpteo (France), EnvisionTEC, Inc. (U.S.) |
The plastics segment accounts for the biggest portion of this category of the 3D printing materials market. The consumption of these plastics has surged over the past few years for making prototypes. And, a large number of producers are believed to use this method to achieve higher production quantities. Besides this, 3D printing plastics have built various noticeable transformations in the automobile manufacturing sector.
The powder segment is the dominant category of the 3D printing materials market and is estimated to expand during the forecast period. This is due to the increased use in aerospace, defence and automotive industries. It enables the production of complex geometries and also enhances mechanical qualities which helps in meeting stringent industry requirements. Moreover, the development of a wide variety of materials with improved automatic qualities is influencing the demand and also the segment’s market growth rate.
The aerospace and defence segment is expected to drive up the growth rate of the 3D printing materials market due to the rising application of nickel, aluminium, titanium and stainless steel. In the aerospace sector, titanium is preferred because of its high resistance, lightweight and other advantages. It poses a vast potential for 3D-printed titanium items to propel this industry as it provides a great strength-to-weight ratio and low thermal conductivity. Likewise, recently in May 2024, the Indian Space Research Organisation successfully conducted the test of the PS4 liquid rocket engine which was manufactured using this production technology. Hence, both defence and aerospace can unlock new possibilities in 3D metal printing.
North America is the biggest contributor in terms of new developments and applications and holds a large portion of the 3D printing materials market share. Like recently in April 2024, the University of Florida successfully invented vapour-induced phase-separation 3D printing or VIPS-3DP. It is a procedure to build multi and single-material articles. Moreover, the region uses this to produce products and components for cars, athletic shoes and even NASA rocket engines. Hence, we can say that 3D printing is now at the center of US manufacturing and expanding its technological edge from traditional to advanced ones.
Europe is a main focus area for 3D printing technology and is believed to thrive further in the forecast period. This is due to the rising necessity of strong, affordable and high-speed prototypes by most of the small and medium enterprises. Moreover, the penetration rate of this technology was high in the aeronautics and health industries which are presenting potential future growth opportunities. As per the European Patent Office’s data published in September 2023, 3D printing has risen 8 times quicker than the average of all technologies in the last 10 years. It also revealed that the average patent filling under this was more than 26 per cent in the region. Interestingly, it holds 4 out of 10 positions for research establishments in additive manufacturing invention.
Asia Pacific is anticipated to witness a significant jump in its share of the 3D printing materials market. It is the fastest-growing industry with rapid adoption of additive manufacturing in advancing and upgrading its production capacities over the region. Moreover, China and Japan are leading the APAC market and are expected to maintain their dominance in the coming years as well. In addition, according to a study, the most prevalent printing material types are plastics (such as polylactic acid), Powders (for example polyamide and aluminide), liquid polymer (named resin), Metals (stainless steel, bronze, nickel and aluminium) and Other materials (graphite, graphene and carbon fibre)
Latin America 3D printing materials market is expected to propel at a moderate pace during the forecast period. The regional growth is pushed forward by Brazil’s progressive adoption and usage in the metal industry. It holds a considerable share because of the growing automotive, defence and aerospace sectors. Another factor driving the LA market is the rising investments and innovations in the healthcare domain. Also, technologies related to polymer manufacturing are more dominant in this continent. However, inadequate government policies and limited access to high-value knowledge to promote robust technological progress are holding it back from making further advancements.
The Middle East and Africa 3D printing materials market is estimated to move forward at a steady pace in the future. The ME countries have experienced an increase in acceptance of additive manufacturing in different industries in the last few years. The main force stimulating the growth is the active initiatives by government and private entities. For instance, UAE’s programs for promoting AM adoption and the Dubai 3D Printing Strategy and the Dubai 3D Printing Strategic Alliance are two major steps taken in this regard. Whereas Africa holds immense growth potential as their manufacturing industry requires capacity building and improvements.
3D Systems Corporation (U.S.), HP INC. (U.S.), Proto Labs, Ltd., (U.S.), Hoganas AB (Sweden), Royal DSM N.V. (Netherlands), Lithoz GmbH (Austria), The ExOne Company (U.S.), Markforged, Inc. (U.S.), Sculpteo (France), EnvisionTEC, Inc. (U.S.)
In May 2024, a new 3D printing method was invented by Canadian experts to quickly manufacture microlenses with commercial-level optical quality. The new approach with an imaging performance produced a millimetre-sized plano-convex optical lens. It also displayed the ability to make optical elements which are ready to use in just 30 minutes.
In April 2024, The Factory of the Future 1.0 (FoF 1.0) 3D printer was launched at the University of Maine. It is considered the world’s largest 3D printer with the capacity to produce items around 96 feet (29m) long. Such big machines can be utilised for manufacturing different sections of houses rather than a complete house and at times can execute parts restoration or decorative components. Also, it is expected to contribute to building affordable housing along with boats, wind turbines and bridges and can generate up to 227 kg (500lbs) of stuff or matter.
This research report on the global 3D printing materials market has been segmented and sub-segmented based on Material Type, form and region.
Plastics
Ceramic
Metals
Other Materials
Powder
Filament
Liquid
Automotive
Medical
Aerospace and Defense
Consumer Electronics
Other End-user Industries
Frequently Asked Questions
The global 3D printing materials market is anticipated to reach approximately USD 6.41 billion by 2029, with a projected compound annual growth rate (CAGR) of 19.1% from 2023 to 2029.
Drivers include the adoption of 3D printing technology, benefits such as reduced waste and cost-effectiveness, and increased application in industries like automotive and aerospace. Restraints include the high initial cost of equipment and materials, and the requirement for high voltage power sources.
COVID-19 led to disruptions in supply chains but also increased opportunities in healthcare. North America and Asia-Pacific exhibit high market potential due to favorable trends in industries like medical and aerospace, as well as government initiatives supporting research and development.
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