3D Printing Materials Market Size By Product (Ceramics, Plastics, Metals), By End-user (Electronics & Consumer Products, Automotive, Medical, Industrial, Education, Aerospace), 3D Printing Equipment Market Size By Product (Polyjet, Fuse Deposition Modeling [FDM], Selective Laser Sintering [SLS], Stereolithography [SLA], Colorjet), Industry Analysis Report, Regional Outlook (U.S., Canada, Germany, UK, France, Spain, Italy, China, India, Japan, Australia, Indonesia, Malaysia, Brazil, Mexico, South Africa, GCC), Application Growth Potential, Price Trends, Competitive Market Share & Forecast, 2016 – 2024
Published Date: Mar 2017 | Report ID: GMI1179 | Authors: Kiran Pulidindi, Soumalya Chakraborty
Global 3D Printing Materials market size was more than USD 590 million in 2015 and will witness around 20% CAGR during the forecast timespan. Global 3D printing equipment market size was more than USD 4 billion in 2015 and likely to exhibit 11% CAGR from 2016 to 2024.
U.S. 3D Printing Materials Market Share, by End-User, 2013 - 2024 (USD Million)
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Global 3D printing materials market is chiefly driven by the rising product demand in the electronics and automobile sectors. 3D printing technology is being increasingly incorporated by electronics and automobile manufacturing companies around the world due to its various advantages such as fast production of intricate and complex designs, lower material loss, and high accuracy. The availability of a large number of 3D printing materials and the distinct advantages provided by each of them will lead to increased usage of the product for different applications. This will boost the product demand and propel the 3D printing materials market growth during the forecast period.
Rising usage of 3D printing equipment in the medical and education sectors will propel the market growth in the forecast period. The usage of 3D printed models and figures in the education sector is an important growth enabler for the 3D printing equipment market. The medical sector employs the product for fabricating human tissues, orthopedic & dental implants, models of human parts for diagnosis, etc. High growth in the healthcare sectors in developing countries will augment the market growth from 2016 to 2024.
High growth in the consumer electronics sector in Asia Pacific, North America and Europe will drive growth in the forecast period. Aerospace will exhibit the fastest growth rate during the forecast timeframe. 3D printing has huge scope in aerospace industry and can be used for a wide array of application. Thus, increasing air passenger traffic has led aviation companies to increase their aircraft fleet size, which will eventually complement business growth. Furthermore, investment on defense & space exploration by many countries will also contribute to the segment’s fast growth. However, high material cost, which is attributed to precision by which the material and equipment are engineered, can play a set back for the industry. Additionally, 3D printed products need special preparation and require value-added products for additive fabrication, which levels up the overall production cost and can hamper 3D material materials demand over forecast period.
|Historical Data for:||2013 to 2015||Forecast Period:||2016 to 2024|
|Pages:||164||Tables, Charts & Figures:||183|
|Geographies covered (17):||U.S., Canada, Germany, UK, France, Spain, Italy, China, India, Japan, Australia, Indonesia, Malaysia, Brazil, Mexico, South Africa, GCC|
|Segments covered:||Product Polyjet, Fuse Deposition Modeling and Region|
|Companies covered (15):||Hoganas, Concept Laser GmbH, D Systems, Inc., Arkema S.A., Arcam AB, Solidscape, EOS GmbH Electro Optical Systems, ExOne, Voxeljet AG, Royal DSM N.V, Envisiontec, LPW Technology Ltd., SLM Solutions, Stratasys, Ltd., Optomec|
3D Printing Materials Market, By Product
The market is segmented on the basis of product into ceramics, plastics and metals. In 2018, plastics segment represented the largest revenue share for around 45% in the overall market. This segment growth will be propelled by rising demand for the product for printing low-cost prototypes, mechanical parts, holders, toys, adapters, and scale models. Ceramics segment is growing with CAGR over 19% and will surpass USD 610 million by 2024.
Materials By End User
Electronics & consumers had a market share of over 20% of market revenue in 2015. Strong socio-economic factors in North America and Europe owing to high annual consumer disposable incomes has led to a rising demand for electronic products and henceforth propelled industry growth. Prevalence of automotive manufacturing giants in North America and Europe will subsequently have a positive impact on the business size during the forecast period. For instance, the demand for new vehicles was more than 25 billion units in 2015 in North America which is projected to reach over 35 billion units by 2024, such dynamics shall increase product demand over forecast timeframe.
Market has been segmented on the basis of equipment product into polyjet, fuse deposition modelling, selective laser sintering, stereolithography and colorjet. Global fuse deposition modelling 3D printing equipment market share stood at over 60% of the overall industry in 2015. Massive demand share for this equipment or technology is mainly due to its widespread acceptance across all major end-user sectors such as automotive, medical, aerospace, etc.
Global 3D Printing Materials Market Size By Region, 2015
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North America held the major share and accounted for over 35% of the overall 3D printing materials market in 2015. This is attributed to the strong demand for automotive vehicles in North America owing to rapidly evolving consumer’s preference over the years, which in turn will have positive impact on the 3D materials market size during the forecast period. European region was another significant demand contributing region on account of strong electronics and consumer appliance industry in the region.
Asia Pacific, mainly driven by China and India, will exhibit promising growth rates over the forecast timeframe. The regional growth will be mainly driven strong growth indicators in the end-user industries in the region. For instance, escalating automotive sales in China and growing medical & healthcare in India will complement business growth by 2024.
Competitive Market Share
The 3d printing materials & equipment market is highly consolidated with the top companies accounting for more than 60% of the global share in 2015. The prominent industry players are Concept Laser GmbH, ExOne, 3D Systems, Inc., EOS GmbH Electro Optical Systems, Envisiontec, Arkema S.A., SLM Solutions, Hoganas, Arcam AB, Solidscape, Voxeljet AG, Royal DSM N.V, LPW Technology Ltd., Optomec and Stratasys Ltd. The 3D printing materials and equipment’s manufacturers are in a constant rush to develop high quality product with reasonable cost to gain competitive advantage and increase their market share.
The first 3D printer was manufactured in 1987 and used the stereolithography (SLA) process. 3D printing is an innovative technology which uses sequential layering to create three-dimensional physical object. Rise in product demand from industries such as aerospace, automotive, defense, medical & healthcare and education will increase overall market size in 2024. 3D printing has significant advantages that can shape new era of manufacturing industry, as it can produce complex geometrical shapes at lower cost, provide smooth surface finish, and large range of materials can be used. For instance, Volkswagen has various integration with 3D printing technology providers for mass production of their automotive parts.
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