3D Printing Materials Market – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2019-2025


Posted August 27, 2020 by larebomrglobal

3D Printing Material Market Size, Share & Trends Analysis Report by Type, by End-User and Forecast Period, 2019 – 2025
 
The global 3D printing material market is estimated to grow at a CAGR of around 13% during the forecast period. The major factors contributing to the growth of the market include the rising use of 3D printers in healthcare, automotive, aerospace, and the education industry. The benefits of the 3D printer are cost-effective, time-efficient, reduce labor cost, increase product quality, no burden of assembling, and so on. Moreover, 3D printed products contain low error, hence the demand for 3D materials is growing significantly. Moreover, its light-weight property and it produces less wastage than regular machines, are also propelling the 3D printing materials market growth.

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3D printing material has significant applications in the aerospace and automobile industry, for its light-weight property and zero burdens to assemble. By using a 3D printer, aerospace manufacturers manufacture complex parts, such as tarmac nozzle bezel in the engine compartment, console control part in cabin accessories, airflow ducting in air ducts, seatbacks & entry doors in full-size panels, brackets and door handles in casted metal parts. Whereas, in the automotive industry, it is used for manufacturing complex body part battery cover, console prototype, air conditioning ducting, and front bumper.

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The main restraining factors of the global 3D printing material market are the emerging of alternatives such as 4D printing technology. 4D printing technology helps in making 3D enabled objects by providing material layer by layer with the help of computerized-aided design (CAD) data. 4D printing technology is one of the major revolutionized advancements in the field of plastic surgeries and artificial organs. Moreover, this technology is expected to play a major role in the medical field by providing better and smart experience in implants, tools, and devices. Though, it is costlier than 3D printing technology but can act as a constraint in the growth of the market.

The global 3D printing material market has a huge opportunity to grow in the near future. As now healthcare industry has been using 3D printing techniques for many purposes including, 3D printed prosthetics, surgery preparation, customized medical devices, and medical implants. Prellis Biologics, Inc., a biotechnology company, has been working on printing human organs for transplant, according to the US government, on-an average daily 20 people die each day waiting for an organ transplant. Some of the biotechnology companies are working on 3D printed medicine, bone, and body tissue. Also, an organization, named e-NABLE, an online global community of “Digital Humanitarian” using 3D printing technology to make prosthetic upper limb devices for needy children and adults at low-cost or free of cost. Such advancement in technology will create significant opportunities for the 3D printing materials market.

3D Printing Materials Market Segmentation

By Type

• Metal
• Ceramic
• Plastic
• Other

By End-User

• Healthcare
• Aerospace
• Automotive
• Education
• Others

Regional Analysis

North America

• United States
• Canada

Europe

• UK
• Germany
• Italy
• Spain
• France
• Rest of Europe

Asia-Pacific

• China
• India
• Japan
• Rest of Asia-Pacific

Rest of the World

Company Profiles

• 3D Systems, Corp.
• 3DCERAM (Sinto Group)
• Aniwaa Pte. Ltd.
• Arcam AB (A General Electric Additive Company)
• EOS GmbH Electro Optical Systems
• Evonik Industries AG
• Formlabs Inc
• Höganäs AB
• Kwambio, Inc.
• Lithoz GmbH
• Makerbot Industries, LLC
• Materialise N.V.
• Proto Labs, Inc.
• Renishaw PLC
• Relativity Space, Inc.
• Royal DSM N.V.
• Sandvik AB
• Stratasys Ltd.
• The Exone Company
• Xact Metal, Inc.
• Xometry, Inc.

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Orion Market Research (OMR) is a market research and consulting company known for its crisp and concise reports. The company is equipped with an experienced team of analysts and consultants. OMR offers quality syndicated research reports, customized research reports, consulting and other research-based services.

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Last Updated August 27, 2020