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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, Fused Deposition Modeling [FDM], Selective Laser Sintering [SLS], Stereolithography [SLA], Colorjet), Industry Analysis Report, Regional Outlook, Application Potential, Competitive Market Share & Forecast, 2022 – 2028

  • Report ID: GMI1179
  • Published Date: Apr 2022
  • Report Format: PDF

Industry Overview

3D Printing Materials Market size was USD 1.7 billion in 2021 and will grow at a CAGR of 12.1% from 2022 to 2028 whereas 3D Printing Equipment Market size was USD 4.5 billion in 2021 and is expected to grow at a CAGR of 21.3% within the same forecast period.
 

3D printing materials & equipment market outlook

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3D printing is the creation of an object with three dimensions from a CAD model or a digital 3D model. The materials used in 3D printing are diverse and come in different forms. It refers to a large number of processes, in which material is deposited or solidified, under computer control for the creation of three-dimensional objects.
 

Positive outlook of automotive production will propel the 3D Printing materials & equipment market growth in future. Many robust technologies, such as Fused Filament Fabrication (FFF), are used to produce prototypes and for end-use parts. High detail, accurate, and smooth 3D printed scale models are often used in the automotive industry for demonstrating concepts & designs of new vehicles. The 3D printing materials & equipment permit rapid prototyping in the pre-manufacturing stage. Also, 3D printing finds its end-user in the making of molds, thermoforming of tools, and manufacture of grips, fixtures & jigs.
 

The increasing requirements for 3D printing from aerospace and defense industries will drive 3D printing materials & equipment market share. The use of 3D printing makes faster production processes possible. It provides maximum flexibility in production planning. The aerospace & defense industry demands 3D printing as it enables the production of parts that are stronger and lighter than the parts produced traditionally. Integrating 3D printing into the design workflow offers various advantages and helps in manufacturing high detailed, smooth & scale models for aerospace designs.
 

Prototyping using 3D printing is becoming popular in the aerospace industry, which is suitable for various end-users ranging from a full-sized landing gear enclosure printed with low-cost FDM to a high-detailed and full controlled concept model. The parts, such as custom and lightweight bracketry, can be modified to specific aircraft or a type of cargo or helicopter. It also provides consolidation of parts and topology optimization of many custom aerospace components.
 

High costs associated with 3D printing technology may pose hindrance in industry growth. The initial purchase cost of 3D printing equipment is high. This equipment consumes 50 to 100 times more energy compared to injection molding while melting plastic with lasers or heat, making them unsuitable for small batch production runs. The materials used in the automotive grade 3D printers are very costly compared to traditional manufacturing. Also, 3D printers are complicated to use & manage as they utilize high voltage power suppliers and specialized parts & equipment.
 

Metal will gain significant traction over the next few years

3D printing materials market by product

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Metal products will generate around USD 2.5 billion by 2028 owing to its ability to produce stronger and diversified array of everyday items. It is incorporated through a process of Direct Metal Laser Sintering (DMLS). Jewelers use steel and copper for producing engraved bracelets on 3D printing. Steel offers strong mechanical properties along with a good surface finish. Aluminum is used as it is light and offers good resistance.
 

Other metals, such as gallium and cobalt chrome, are used in the medical sector. Titanium is employed owing to its biocompatibility and good corrosion resistance. Despite high cost, gold, silver, and bronze are used in 3D printing for creating complex pieces of jewelry.
 

Positive outlook of electronics sector will bolster the industry growth

The electronics & consumer products segment will hold over 13% share by 2028. The 3D printing provides a number of benefits for electronics and consumer products development. It is transforming the development of prototyping of electronics. One of its crucial advantages is that companies can prototype electronics devices and PCBs in-house, lowering the need for external PCB production services.
 

The use of 3D printers and materials extends the electronics field design freedom. Several consumer products, such as 3D printed carbon fiber bike, 3D printed mascara brush & helmet liners, 3D printed insoles, and eyewear, are being made with the help of 3D materials and equipment. High flexibility & enhanced CAD design software allows the manufacturers to produce any desirable form of the product. The 3D printers offer materials & workflow benefits for prototyping.
 

The Stereolithography [SLA] segment is estimated to be the swiftest growing segment

3D printing equipment market by product

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The 3D printing equipment market for Stereolithography [SLA] will cross USD 4.5 billion by 2028. A computer-controlled moving laser beam, pre-programmed using CAD/CAM software, is used in Stereolithography [SLA] equipment. This equipment is used for the creation of models, cosmetic ready prototypes, and complex parts constituting intricate geometries within a span of a day. Stereolithography [SLA] parts can be produced with a wide selection of materials and quality surface finishes together with extremely high feature resolutions.
 

The Stereolithography [SLA] equipment serves as an excellent choice for rapid prototyping and project designs, which require the production of finely detailed & accurate parts. It is an ideal solution for generating show-and-tell parts for enabling the validation of ergonomic testing & concept ideas.
 

North America will dominate the market growth during the forecast period

3D printing materials & equipment market by region

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North America 3D printing materials market will generate over USD 1 billion by 2028. Favorable trends associated with medical and aerospace industries will drive the market growth in North America. The incorporation of 3D printing in diverse industries along with the additional choice of materials will provide growth opportunities. The initiatives undertaken by the American government for the development of 3D printing coupled with funds for research & development will augment the adoption of 3D printing, thus enhancing 3D printing materials & equipment market value in the region.
 

The key players in 3D printing materials & equipment market include Höganäs AB, Concept Laser GmbH, 3D Systems, Inc., Stratasys Ltd., Arkema S.A., Arcam AB, Solidscape, Inc., EOS GmbH (Electro Optical Systems), ExOne, voxeljet AG, Royal DSM N.V., EnvisionTEC GmbH, LPW Technology, Ltd., SLM Solutions, and Optomec.
 

The 3D printing materials market report includes in-depth coverage of the industry with estimates & forecast in terms of volume in tons and revenue in USD million from 2022 to 2028 for the following segments:

3D Printing Materials Market, By Product

  • Ceramics
  • Plastics
  • Metals
  • Others

3D Printing Materials Market, By End-user

  • Electronics & Consumer Products
  • Automotive
  • Medical
  • Industrial
  • Education
  • Aerospace
  • Others

3D Printing Equipment Market, By Product

  • Polyjet
  • Fuse Deposition Modeling (FDM)
  • Selective Laser Sintering (SLS)
  • Stereolithography (SLA)
  • ColorJet
  • Others

The above information is provided on a regional and country basis for the following:

By Region

  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • UK
    • France
    • Spain
    • Italy
  • Asia Pacific
    • China
    • India
    • Japan
    • Australia
    • Indonesia
    • Malaysia
  • Latin America (LATAM)
    • Brazil
    • Mexico
  • Middle East & Africa (MEA)
    • South Africa
    • GCC

 

Authors: Kiran Pulidindi, Akshay Prakash

Frequently Asked Questions (FAQ) :

The 3D printing materials industry size was over USD 1.7 billion in 2021 and is poised to record a CAGR of 12.1% through 2028, while the 3D printing equipment industry size is expected to record a CAGR of 21.3% in the same timeframe owing to the growing automotive production worldwide.

3D printing refers to the creation of an object using three dimensions from a CAD model or a digital 3D model.

Electronics & consumer products will account for over 13% of the 3D printing materials & equipment market share by 2028 driven by the higher need to prototype electronic devices and PCBs in-house while lowering the need for external PCB production services.

The 3D printing materials industry revenue in North America is likely to record over USD 1 billion by 2028 on account of the expanding medical and aerospace sectors in the region.

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Premium Report Details

  • Base Year: 2021
  • Companies covered: 14
  • Tables & Figures: 250
  • Countries covered: 17
  • Pages: 200

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