3D Printing Material Market Size, Share, Opportunities, COVID-19 Impact, And Trends By Material Type (Metals, Plastic, Ceramics, Others), By End-User Industry (Healthcare, Automotive, Aerospace And Defence, Construction, Others), And By Geography - Forecasts From 2021 To 2026

Published:  Aug 2021 Report Code: KSI061612107 Pages: 129

The 3D printing material market is projected to grow at a CAGR of 18.21% to reach US$18.391 billion by 2026, from US$5.702 billion in 2019. 

Meaning.

3D printing materials are those materials that can be easily used in 3D printers for the production of the desired object or component. The 3D printing materials are an additive manufacturing process used for accomplishing three-dimensional solid objects by adding subsequent layers of materials to compose the object.

 Driving Factors.

The rising adoption of 3D printed components in the healthcare sector, aerospace and defense, and the automotive sector is one of the major factors driving the market growth during the forecast period. The 3D printing materials have benefits such as low cost, less manufacturing time, reduced material wastage, etc. which are encouraging industries such as automotive and aerospace to actively use them in their processes. The increased public and private spending on these industries will fuel the market demand for 3D printing materials during the forecast period. In addition, the development of low-cost devices, and the decrease in the price of materials required for 3D printing are anticipated to proliferate the market growth.

Moreover, the driving factor for the 3D printing material market is the rise in the demand for desktop printing, nationwide. Also, the demand for metals is surging owing to the increasing penetration in high-end applications such as structural parts in the automotive and aerospace industry.

Furthermore, the rising adoption of prototyping for product designs, sampling, and conceptual modeling is further expected to positively impact the 3D printing material market growth during the coming years.

Market Share Segmentation.

By end-user industries, the healthcare and automotive industry account for the dominant market share owing to the excessive use of 3D printing materials in the industries for multiple applications. The aerospace and defense industry is also projected to grow at a high CAGR due to the increased spending in the sector. Geographically, Asia Pacific will be the fastest-growing region owing to the flourishing industries such as automotive, and healthcare in the region, especially in countries such as India and China.  North America is also expected to hold a notable market share due to the early adoption of these materials across various industries. Also, the increased healthcare expenditure of the region will strengthen the regional growth. 

Growth Factors.

  • Growing use in the automotive industry.

The major key driver of the 3D printing material market is the surging use in the automotive industry.

These materials are largely used in the automotive industry for components, like bellows, dashboard interface, front bumper, suspension wishbone, alternator mounting bracket, air conditioning ducting, battery cover, etc. Automotive OEM manufacturers use 3D printing materials for rapid prototyping. The extensive use of 3D printing material for multiple applications in the automotive industry will drive market growth during the forecast period. 

  • Huge demand from the Chinese market.

The rising demand for 3D printing material from the Chinese market will drive the market growth during the forecast period as China is one of the fastest-growing economies globally. The flourishing automotive, construction, aerospace, and healthcare market in China has been witnessing staggering growth for 3D printing material. China has been using 3D printing material in the construction industry since 2015, which has encouraged other countries to adopt this technology. China has been using these materials for the construction of buildings, offices, and bridges, which will contribute to the market growth during the forecast period.

Impact of COVID–19 on the 3D Printing Material Market

The Covid-19 pandemic negatively impacted the 3D printing material market, as due to the lockdown and travel and trade restrictions imposed by the governments, worldwide the business operations of many industries such as automotive, aerospace, construction, etc. were put to a halt which in turn declined the demand for 3D printing material in 2020 as the industries suffered huge losses. Also, due to the supply chain disruptions, the 3D printing materials were unable to reach the end-user industry which further hampered the market growth. However, the surging demand for these materials in the healthcare industry globally balanced the market growth. 

Competitive Insights.

The market leaders for the 3D printing material market consist of Stratasys, Ltd., Materialise NV, 3D Systems, Inc., EnvisionTEC, CRS Holdings Inc., Ultimaker B.V., Covestro AG, and Arkema S.A. The key players in the market implement growth strategies such as product launches, mergers, and acquisitions, etc. to gain a competitive advantage over their competitors. For instance, in September 2020, DSM announced to sell the DSM additive manufacturing to Covestro AG for EUR 1.61 billion, as part of the sale of DSM Resins & Functional Materials and (other) related businesses.

3D Printing Material Market Scope:

Report Metric Details
 Market size value in 2019  US$5.702 billion
 Market size value in 2026  US$18.391 billion
 Growth Rate  CAGR of 18.21% from 2019 to 2026
 Base year  2019
 Forecast period  2021–2026
 Forecast Unit (Value)  USD Billion
 Segments covered  Material Type, End-User Industry, And Geography
 Regions covered  North America, South America, Europe, Middle East and Africa, Asia Pacific
 Companies covered  Stratasys, Ltd., Materialise NV, 3D Systems, Inc., EnvisionTEC, CRS Holdings Inc.,   Ultimaker B.V., Covestro AG, Arkema S.A.
 Customization scope  Free report customization with purchase

 

Segmentation:

  • By Material Type
    • Metals
      • By Type
        • Aluminum
        • Nickle
        • Steel
        • Others
      • By Form
        • Filament
        • Powder
        • Liquid
    • Plastic
      • By Type
        • PLA
        • PET
        • ABS
        • Others
      • By Form
        • Filament
        • Powder
        • Liquid
    • Ceramics
    • Others
  • By End-User Industry
    • Healthcare
    • Automotive
    • Aerospace and Defense
    • Construction
    • Others
  • By Geography
    • North America
      • USA
      • Canadá
      • Mexico
    • South America
      • Brazil
      • Argentina
      • Others
    • Europe
      • UK
      • Germany
      • France
      • Spain
      • Others
    • Middle East and Africa
      • Saudi Arabia
      • Israel
      • Others
    • Asia Pacific
      • Japan
      • China
      • India
      • Indonesia
      • Taiwan
      • Thailand
      • Others

Frequently Asked Questions (FAQs)

Q1. What are the growth prospects for the 3D printing material market?
A1. The global 3D printing material market is projected to grow at a CAGR of 18.21% over the forecast period.


Q2. What will be the 3D printing material market size by 2026?
A2. The 3D printing material market is projected to reach a total market size of US$18.391 billion in 2026.


Q3. What is the size of the global 3D printing material market?
A3. 3D Printing Material Market was valued at US$5.702 billion in 2019.


Q4. Which region holds the largest market share in the 3D printing material market?
A4. Geographically, Asia Pacific will be the fastest-growing region in the 3D printing material market owing to the flourishing industries such as automotive, and healthcare in the region.


Q5. What factors are anticipated to drive the 3D printing material market growth?
A5. The rising adoption of 3D printed components in the healthcare sector, aerospace and defense, and the automotive sector is one of the major factors driving the 3D printing material market growth.

1. Introduction
1.1. Market Definition
1.2. Market Segmentation

2. Research Methodology
2.1. Research Data
2.2. Assumptions

3. Executive Summary
3.1. Research Highlights

4. Market Dynamics
4.1. Market Drivers
4.2. Market Restraints
4.3. Porters Five Forces Analysis
4.3.1. Bargaining Power of Suppliers
4.3.2. Bargaining Power of Buyers
4.3.3. The Threat of New Entrants
4.3.4. Threat of Substitutes
4.3.5. Competitive Rivalry in the Industry
4.4. Industry Value Chain Analysis

5. 3D Printing Material Market Analysis, By Material Type
5.1. Introduction
5.2. Metals 
5.2.1. By Type
5.2.1.1. Aluminum
5.2.1.2. Nickle
5.2.1.3. Steel 
5.2.1.4. Others 
5.2.2. By Form 
5.2.2.1. Filament
5.2.2.2. Powder 
5.2.2.3. Liquid 
5.3. Plastic 
5.3.1. By Type
5.3.1.1. PLA
5.3.1.2. PET 
5.3.1.3. ABS
5.3.2. By Form
5.3.2.1. Filament
5.3.2.2. Powder 
5.3.2.3. Liquid 
5.4. Ceramics
5.5. Others 

6. 3D Printing Material Market Analysis, By End-Use Industry
6.1. Introduction
6.2. Healthcare
6.3. Automotive 
6.4. Aerospace and Defense
6.5. Construction
6.6. Others 

7. 3D Printing Material Market Analysis, By Geography
7.1. Introduction
7.2.  North America 
7.2.1. United States
7.2.2. Canada
7.2.3. Mexico 
7.2.4. Others 
7.3. South America 
7.3.1. Brazil
7.3.2. Argentina 
7.3.3. Others
7.4. Europe 
7.4.1. United Kingdom
7.4.2. Germany 
7.4.3. France 
7.4.4. Italy 
7.4.5. Spain 
7.5. Middle East and Africa 
7.5.1. Saudi Arabia
7.5.2. Israel 
7.5.3. Others 
7.6. Asia Pacific 
7.6.1. Japan
7.6.2. China 
7.6.3. India
7.6.4. Indonesia
7.6.5. Taiwan
7.6.6. Thailand 
7.6.7. Others 

8. Competitive Intelligence
8.1. Competitive Benchmarking and Analysis
8.2. Recent Investment and Deals
8.3. Strategies of Key Players

9. Company Profiles
9.1. Stratasys, Ltd.
9.2. Materialise NV
9.3. 3D Systems, Inc.
9.4. EnvisionTEC
9.5. CRS Holdings Inc.
9.6. Ultimaker B.V.
9.7. Covestro AG
9.8. Arkema S.A.

Stratasys, Ltd.

Materialise NV

3D Systems, Inc.

EnvisionTEC

CRS Holdings Inc.

Ultimaker B.V.

Covestro AG

Arkema S.A.

 

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