[218 Pages Report] The global 3D printing materials market size is projected to grow from USD 1.6 billion in 2020 to 4.5 billion by 2025, at a CAGR of 23.5% between 2020 and 2025. The 3D printing materials industry is increasing due to the rise in the demand from healthcare, automotive, and other industries, globally. The 3D printing materials demand is expected to witness slower growth in 2020 due to COVID-19. However, the end of lockdown and recovery in the end-use industries would stimulate the 3D printing materials to demand during the forecast period.

Impact of COVID-19 on global 3D printing materials Market

The COVID-19 pandemic has negatively affected the 3D printing materials demand across various end-use industries such as aerospace & defense, automotive, construction, and other industries. These industries are severely affected by COVID-19. The disruption in the supply chain has resulted in delays or non-arrival of raw materials, disrupted financial flows, and growing absenteeism among production line workers have compelled aircraft and automobile manufacturers to operate at zero or partial capacities, resulting in reduced 3D printing materials demand.

Increasing demand from aerospace & defense and automotive sectors to drive the 3D printing materials demand

The aircraft industry is one of the early adopters of 3D printing technology. The technology is highly useful for producing complex parts. It provides designers the advantage of creating the best parts with reduced cost and production feasibility. 3D printing materials, for instance, metals, are used in the making of many aircraft parts, such as wings, jigs, and engine parts. Titanium materials are mostly used as 3D printing materials in the aerospace industry as it offers excellent mechanical properties and high dimensional accuracy during production. 3D printing technology is transforming the manufacturing process in the automotive industry. The technology has helped the industry in making more complex and lighter structures at the optimized costs. Many Formula 1, supercars, and concept cars are using 3D-printed parts. For instance, in the first quarter of 2018, the leading car manufacturer, Bugatti (France), revealed a 3D-printed brake caliper made using titanium.

High material cost is a major restrain for the 3D printing materials market

3D printing is an easier way to manufacture objects but is expensive due to high material costs, which is a major restraint in the market. These high costs are due to higher standards of purity and composition required for 3D printing. The metal materials for 3D printing cost an average of about USD 500.0 per kg, which is very costly to use in general applications as the final product costs are too high compared to the products available in the market.

Growing demand from the educational sector is an excellent opportunity for the 3D printing materials Market

Education is one of the fastest-growing industries in the 3D printing materials market. Although the usage of 3D printing in the education sector is at a developing stage, many institutions are starting to set up labs for 3D printing. 3D printing technology is also revolutionizing the traditional classroom. For instance, engineering students can print prototypes of their creations; biology students can study cross-sections of organs; graphic design students can print 3D versions of their artwork. 3D printing is highly useful in creating interactive maps to teach geography to students. Moreover, governments of various countries are investing heavily in 3D printing technology. For instance, the Japanese Economy, Trade, and Industry Ministry (METI) will choose several technical schools and universities to receive a subsidy for two-thirds of their expenses related to the 3D printing technology for their schools.

Reducing lead time is one of the major challenges in the 3D printing materials Market

One of the key challenges faced by the 3D printing material manufacturers is to reduce the lead time associated with these materials, especially metals. Metal requires a substantial time to manufacture the end products. To overcome this issue, manufacturers need to work on existing materials and technologies catering to the 3D printing industry. The high lead time taken by the industry is restricting most of the manufacturers from switching to additive manufacturing from their conventional manufacturing process, which is hampering the adoption of 3D printing in major end-use industries, including aerospace & defense, automotive, and electrical & electronics.

The filament form of 3D printing materials to account for the largest market share, in terms of volume, during the forecast period

Demand for 3D printing materials in the filament form is mainly driven by the plastic materials, as plastic materials are majorly used in this form in the 3D printing processes. The plastic materials that are available in the filament form include acrylonitrile butadiene styrene (ABS), polylactic acid (PLA), nylon, photopolymers, polyvinyl alcohol (PVA), polycarbonate (PC), high-density polyethylene (HDPE), and other thermoplastics.

Manufacturing is expected to be the most promising application of the 3D printing materials in terms of value and volume during the forecast period.

The 3D printing materials used in the manufacturing application is witnessing a high growth across the globe. Various end-use industries, including automotive, healthcare, and aerospace & defense, have already adopted 3D printing for the mass production of components. Nowadays, automotive components, mobile cases, wing mirrors, toys, and various other products are being created using 3D printing technology. End-use industries are shifting toward bulk manufacturing using 3D printing, as it reduces manufacturing cost, decreases lead time, and produces complex structured objects.

The healthcare end-use industry is expected to be the fastest-growing segment in the 3D printing materials market.

The healthcare industry is the fastest-growing segment in the 3D printing materials market in terms of volume. Several medical products, such as surgical equipment, prosthetics & implants, and tissue engineering products, are manufactured through 3D printing technology. Moreover, 3D printing materials are highly useful in orthopedic, dental, and craniomaxillofacial, and other medical applications. Additive manufacturing is highly helpful in creating patient-specific devices that match the patient�s anatomy.

Healthcare is one of the most promising markets for additive manufacturing, and the same aspect is being witnessed in the COVID-19 pandemic scenario as well. Companies are producing face shields, N95 masks, and other equipment to assist the doctors, medical professionals, and individuals to tackle the novel coronavirus. Major manufacturers, including Stratasys Inc. and 3D Systems Corporation and various startups, are producing face masks.

North America held the largest market share in the 3D printing materials market.

North America holds the major share in the 3D printing materials market, and the trend is expected to continue during the forecast period. High demand for the metal materials from the aerospace & defense and automotive industries is playing a key role in the higher consumption of 3D printing materials. Moreover, the adoption of 3D printing in the healthcare industry for medical & dental implants is supporting the growth of the market. Due to the outbreak of COVID-9, the demand for 3D printing materials has suffered due to the decline of automotive, electrical & electronics, aerospace & defense, and other industries. However, with the recovery of all sectors and high performance properties of 3D printing materials, the demand for metal 3D printing materials would rise in the region after 2020. Such factors are expected to drive the 3D printing materials demand in the region during the forecast period.

Key Market Players

The key players in the global 3D printing materials market are 3D Systems Corporation (US), Stratasys, Ltd. (US), Materialise NV (Belgium), Arkema SA (France), Evonik Industries AG (Germany), General Electric (US), The ExOne Company (US), Hoganas AB (Sweden), and Royal DSM N.V. (Netherlands). These companies are involved in adopting various inorganic and organic strategies to increase their foothold in the 3D printing materials industry. The study includes an in-depth competitive analysis of these key players in the 3D printing materials market, with their company profiles, recent developments, and key market strategies.

Scope Of The Report

Report Metric Details Years considered for the study 2018�2025 Base year 2019 Forecast period 2020�2025 Units considered Value (USD Million), Volume (Ton) Segments Form, Type, Technology, Application, End-Use Industry, and Region Regions North America, Europe, APAC, MEA, and Latin America Companies The 3D printing materials market comprises major manufacturers such as 3D System (US), Arkema S.A. (France), Royal DSM (Netherlands), ExOne Company (US), Stratasys Ltd. (US), General Electric (US), EOS GmbH Electro Optical Systems (Germany), Materialise NV (Belgium), Sandvik AB (Sweden), and H�gan�s AB (Sweden)

A total of 20 major players covered.

This research report categorizes the 3D printing materials market based on Form, Type, Technology, Application, End-Use Industry, and Region.

Based on the form

Powder

Filament

Liquid

Based on the end-use industry:

Automotive

Aerospace & defense

Healthcare

Consumer Goods

Construction

Others (Electronics, Education, Food, etc.)

Based on type

Plastic

Metal

Ceramic

Others (Wax, Laywood, Bioinks, etc.)

Based on the application:

Prototyping

Manufacturing

R&D

Based on technology

FDM

SLS

SLA

DMLS

Others (Polyjet, Binder Jetting, MJF, etc.)



Based on the region

North America

Europe

Asia Pacific (APAC)

Middle East & Africa (MEA)

Latin America

Recent Developments

In November 2018, Royal DSM N.V. launched high-performing materials, Arnitel ID2060 HT and Somos PerFORM Reflect for additive manufacturing.

In April 2018, 3D Systems Corporation launched 30 new materials for Figure 4 Printers. These materials include Figure 4 RGD-GRY 10, Figure 4 RGD-GRY 15, Figure 4 ELAST-BLK, and Figure 4 JCST-GRN. They are used in the automotive and durable goods applications and also in the casting jewelry patterns.

In April 2018, Stratasys, Ltd. launched the next-generation PolyJet 3D Printers for the rapid prototyping applications in various end-use industries. This new product launch is expected to enable Stratasys to create a platform for new polymer materials, which can be used in PolyJet printers for various prototyping applications.

FAQS

What are the factors influencing the growth of 3D printing materials?

High demand from end-use industries due to superior performance properties has increased the demand for 3D printing materials globally.

Which is the fastest growing country for the 3D printing materials market?

China is the fastest-growing country for the 3D printing materials market on account due to the presence of major 3D printing material manufacturers and the flourishing growth of various end-use industries.

What are the major technologies in the 3D printing materials market?

FDM, SLA, DMLS, SLS, and others are the key technologies used for 3D printing in the market.

What are the challenges in the 3D printing materials market?

Reducing lead time is the major challenge for the 3D printing materials market.

Which type of 3D printing materials holds the largest market share?

Plastic 3D printing materials hold the largest share due to low cost and ease of manufacturing.

How is the 3D printing materials market aligned?

The market is growing at a significant pace. The market is a potential market, and many manufactures are planning business strategies to expand their existing business.

Who are the major manufacturers?

3D Systems Corporation (US), Stratasys (US), Arkema SA (France), Materialise NV (Belgium), Evonik Industries AG (Germany), General Electric (US), The ExOne Company (US), Hoganas AB (Sweden), EOS GmbH Electro Optical Systems (Germany), and Royal DSM N.V. (Netherlands) among many others, are some of the major manufacturers.

What are the different types of 3D printing materials?

Metal, plastic, ceramic, and others are the major type of materials used in 3D printing.

What are the major end-use industries for 3D printing materials?

The major end-use industries for 3D printing materials are aerospace & defense, automotive, construction, healthcare, consumer goods, and others.

What is the biggest restraint for 3D printing materials?