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, Fused Deposition Modeling [FDM], Selective Laser Sintering [SLS], Stereolithography [SLA], Colorjet), Industry Analysis Report, Regional Outlook, Application Potential, Competitive Market Share & Forecast, 2023-2032

Industry Statistics

3D Printing Materials Market size surpassed USD 1 billion in 2022 and is estimated to depict over 11% CAGR from 2023 to 2032. On the other hand, the 3D Printing Equipment Market amassed over USD 5 billion in 2022 and is slated to showcase over 17.5% growth rate during the same period.
 

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The extensive utilization of 3D printing technology across the automotive and aerospace sector for a range of purely aesthetic and fully functional applications will augment the demand for 3D printing materials and equipment in the foreseeable future. The automotive industry has witnessed a massive boom in recent years attributed to ongoing vehicle electrification and the considerable rise in demand for commercial vehicles for passenger transport and logistics applications.
 

For instance, according to the Indian Brand Equity Foundation, the passenger vehicle production in India comprising two-wheelers, three-wheelers, and quadricycles in June 2022 stood at 2,081,148 units. 3D printing technologies, such as Fused Filament Fabrication (FFF), find major applications in rapid prototyping, tooling, and manufacturing lightweight automotive components for demonstrating concepts & designs of new vehicles. Thus the flourishing outlook of the automotive industry will positively influence the industry landscape.
 

3D printing materials and equipment usually associate high upfront costs and have significantly higher energy requirements compared to injection molding techniques for melting plastic with heat or laser. These attributes make them unsuitable for small batch production runs, thereby, may downsize the market share during the projection period. However, the increasing advancements in additive manufacturing technologies will further contribute to 3D printing materials market growth through 2032.
 

Increasing usage in jewelry making applications to bolster the demand for 3D printing metals

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With respect to the product landscape, the 3D printing materials market from the metals segment is set to amass over USD 3.5 billion by 2032. 3D printing metals are increasingly utilized for rapid prototyping and manufacturing finished production parts for mechanical engineering, aerospace, tooling, and more. Metals such as copper and steel have gained immense popularity among jewelers owing to their increased demand for creating engraved bracelets. The growing usage of gold and silver in printing complex jewelry pieces in addition to the increasing demand for gallium, cobalt, and other metals in several medical and everyday applications, will boost segment revenues in the coming years.
 

Booming electronics industry to spur product demand

Based on the end-user, the 3D printing materials market from electronics & consumer products is likely to expand at over 10.5% CAGR between 2023 and 2032. The integration of 3D printing technology and CAD design software helps companies develop PCBs and prototype electronic devices in-house and produce any desirable form of a product. Also, it helps minimize the requirement for external PCB production services. The growing technology usage in designing a variety of consumer products, including  3D-printed insoles, 3D-printed mascara brushes & helmet liners, 3D-printed carbon fiber bikes, and eyewear, will boost the sales of 3D printing materials and equipment.
 

Growing utilization in product prototyping to boost the adoption of stereolithography (SLA)

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3D printing equipment market from the stereolithography (SLA) is slated to garner over USD 8 billion by 2032. Stereolithography finds significant usage in creating cosmetic-ready prototypes, models, and complex parts constituting complex geometries while ensuring their single-day delivery. SLA parts are highly versatile and have the smoothest surface finishes, highest accuracy and resolution, and sharpest details of all 3D printing technologies. Thus, the remarkable attributes of stereolithography will help the segment gain significant impetus through the ensuing years.
 

High product availability to streamline industry growth across North America

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North America 3D printing materials market is poised to witness over 10% CAGR from 2023 to 2032, attributed to the flourishing aerospace and medical industries in the region. North America has the availability of a comprehensive range of 3D printing materials, which in addition to the robust technological landscape, will support industry growth. Nonetheless, the escalating R&D projects and subsequent investments will help the regional industry gain a strong foothold.
 

Increasing strategic moves to stimulate the competitive landscape

Höganäs AB, 3D Systems, Inc., Concept Laser GmbH, Stratasys Ltd., Arcam AB, Arkema S.A., Solidscape, Inc., ExOne, EOS GmbH (Electro Optical Systems), Voxeljet AG,  EnvisionTEC GmbH, Royal DSM N.V, LPW Technology, Ltd., Optomec, and SLM Solutions are the key players having a strong presence in the 3D printing materials and equipment market. Companies operating in this business vertical are focusing on expanding their global footprints by strengthening their strategic bonds.
 

For instance, in March 2022, 3D System inked a contract with Saudi Arabian Industrial Investments Company (Dussur) to escalate the use of additive manufacturing in Saudi Arabia and neighboring economies. The move aims to expand the company's presence in the Middle East region.
 

Impact of COVID-19 on the 3D printing materials and equipment market

The COVID-19 outbreak had a middling impact on the 3D printing materials and equipment market. The stringent regulatory norms imposed during the initial months of the viral outbreak severely impacted the industry value chain. The unprecedented industry closure further impeded product demand from end-use industries, causing a significant slowdown across the industrial vertical. However, on the flip side, the overwhelming demand for medical and specialized products such as PPE and the accelerating requirement for a low-cost, easy, and rapid fabrication method stimulated industry revenue streams. In addition, the increasing R&D expenditure focused on developing advanced preventive therapies and treatments to mitigate viral transmission is expected to bolster product demand over the coming years.
 

The 3D printing materials & equipment market research report includes in-depth coverage of the industry with estimates & forecast in terms of volume in tons for materials and units for equipment and revenue in USD million from 2018 to 2032 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 (MJM, DLP, etc.)

3D Printing Materials & Equipment Market, By Region

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