3D Printing Materials Market Size By Product (Ceramics, Plastics, Metals), By End-user (Electronics & Consumer Products, Automotive, Medical, Industrial, Education, Aerospace), 3D Printing Equipment By Product (Polyjet, Fuse Deposition Modeling [FDM], Selective Laser Sintering [SLS], Stereolithography [SLA], Colorjet), Industry Analysis Report, Regional Outlook, Application Growth Potential, Price Trends, Competitive Market Share & Forecast, 2016 – 2024

Published Date: Sep 2019  |  Report ID: GMI1179  |  Authors: Kiran Pulidindi, Soumalya Chakraborty

Report Format: PDF   |   Pages: 164   |   Base Year: 2015

Summary Table of Contents Industry Coverage Methodology

Industry Trends

Global 3D Printing Materials market size was more than $590 million in 2015 and will witness around 20% CAGR during the forecast timespan. Global 3D printing equipment industry registered a valuation of more than $4 billion in 2015 and is likely to exhibit a 11% CAGR from 2016 to 2024.

The global market is mainly 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.

3D Printing Materials Market Overview

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The availability of a large number of 3D printing materials and the distinct advantages provided by each of them will lead to an increased usage of the product for different applications. The widespread application spectrum is likely to boost the growth of 3D printing materials market during the forecast period.

Rising usage of 3D printing equipment in the medical and education sectors will propel the market growth in the forthcoming years. The usage of 3D printed models and figures in the education sector is an important growth enabler for the 3D printing equipment business. The medical sector employs the product for fabricating human tissues, orthopedic & dental implants, models of human parts for diagnosis, etc. The expansion of the healthcare sector worldwide, especially in developing countries will augment the 3D printing materials market growth from 2016 to 2024.

High growth in the consumer electronics sector in the Asia Pacific, North America, and Europe will drive growth over the forecast period. The aerospace sector will exhibit the fastest growth rate during the projected duration. 3D printing has a huge scope in the aerospace industry and can be used for a wide array of applications. Increasing air passenger traffic has led aviation companies to increase their aircraft fleet size, which will eventually complement the 3D printing materials market value.

The investment in defense & space exploration by many countries will also contribute to the segmental growth. However, high material cost, which is attributed to precision by which the material and equipment are engineered, can be a setback 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 the 3D printing materials market share over the forecast period.

3D Printing Materials Market Report Coverage
Report Coverage Details
Base Year: 2015 Market Size in 2015: 590 million (USD)
Historical Data for: 2013 to 2015 Forecast Period: 2016 to 2024
Forecast Period 2016 to 2024 CAGR: 20% 2024 Value Projection: 14 Billion (USD)
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
Growth Drivers:
  • Gaining popularity of D printing technology
  • Increasing demand from end-user industries
Pitfalls & Challenges:
  • High material cost

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Market, By Product

The market is segmented based on product into ceramics, plastics and metals. In 2018, plastics segment represented the largest revenue share for around 45% in the overall 3D printing materials 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 slated to grow with a CAGR over 19% and will surpass USD 610 million by 2024.

3D Printing Materials Market by Product

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Market, By End User

Electronics & consumers segment held a share of over 20% in 2015. Strong socio-economic factors in North America and Europe owing to high annual consumer disposable incomes have led to a rising demand for electronic products, thereby propelling the 3D printing materials 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, By Equipment

The market has been segmented based on equipment into polyjet, fuse deposition modelling, selective laser sintering, stereolithography and colorjet. Global fuse deposition modelling segment account for over 60% of the overall industry share in 2015. Massive demand for this equipment or technology is mainly due to its widespread acceptance across all major end-user sectors such as automotive, medical, aerospace, etc.

Market, By Region

3D Printing Materials Market by Region

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North America held a major stake in the industry, accounting for over 35% of the overall market share in 2015. This is attributed to the strong demand for automobiles in North America owing to rapidly evolving consumer’s preference over the years, which in turn will have positive impact on the 3D printing materials market size during the forecast period. Europe was another significant region for the industry, on account of the strong electronics and consumer appliance sectors across the continent.

Asia Pacific, mainly driven by China and India, will exhibit promising growth rates over the forecast timeframe. The regional growth will be mainly driven by the expanding end-user industries in the region. For instance, escalating automotive sales in China and growing medical & healthcare industry 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 manufacturers are consistently working to develop high quality products with reasonable costs to gain a competitive advantage and increase their market share.

Industry Background

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 3D printing materials market size by 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 integrations with 3D printing technology providers for mass production of their automotive parts.

3D printing materials market research report includes in-depth coverage of the industry, with estimates & forecast in terms of volume in tons and revenue in USD million from 2014 to 2025, for the following segments:

By Product

  • Plastics
  • ceramics
  • Metals

By End User

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

By End User

  • 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
    • Malaysia
    • Indonesia
  • Latin America
    • Brazil
    • Mexico
  • Middle East & Africa
    • South Africa
    • GCC

Frequently Asked Questions (FAQ) :

The overall 3D printing materials market acquired a revenue share of $590 Mn in 2015.
As per estimates, 3D printing materials industry would account a crcr of 19% through 2024.
According to the report published by Global Market Insights Inc., the 3D printing materials business is expected to hit at $14 billion (USD) by 2024.
Gaining popularity of 3D printing technology and increasing demand from end-user industries are the key factors expected to drive the growth of global market.
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 are some of the top contributors in the industry.
Based on product, the plastic segment held significant market share in 2015 and is predicted to show a remarkable growth rate during the forecast period.

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Premium Report Details

  • Published Date: Sep 2019
  • Pages: 164
  • Tables: 170
  • Charts / Figures: 13
  • Companies covered: 15
  • Countries covered: 17

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