Binder Jetting 3D Printing Technology Market Size, Share, Opportunities, COVID-19 Impact, And Trends By Component (Hardware, Software, Services, Material), By End-User (Healthcare, Automotive, Aerospace And Defense, Others), And By Geography - Forecasts From 2022 To 2027

Published:  Nov 2022 Report Code: KSI061613018 Pages: 127

The binder jetting 3D printing technology market is projected to grow at a CAGR of 26.88%, reaching a market size of US$560.474 million by 2027, from US$105.901 million in 2020.

Binder jetting 3D printing technology has a wide range of applications in the building and interior design industries. This technique is capable of print incredibly huge items, and architectural projects occupying an entire place have been built with it. Binder jetting is used in a variety of applications, including store fitting, exhibits, and furniture creation. A second driver is a steady shift toward environmentally friendly manufacturing and consumer items to lessen one's carbon footprint. A few businesses have begun to develop scalable and environmentally friendly materials for use in binder jetting 3D printers that are reusable, sustainable, and ideal for modern interior design. Therefore, due to the launch of innovative products and technological developments made by the companies for this segment, the market is expected to rise in the upcoming years.

The increasing developments and innovations made by companies will boost the market growth

Due to the rising developments made by the companies, the market for binder jetting 3D printing technology is anticipated to grow in the coming years. Most of the companies have implemented enhanced technology and business solutions that have resulted in high revenue and profitability for the market. For instance, ExOne and 3D printers, a leader in additive manufacturing for over two decades, have helped foundries and pattern shops improve sand casting by removing the need for complex tooling. Their binder jet 3D printing technique enables digital foundries to create previously unattainable forms, condense complicated cores to save assembly time, and repeat design changes without the time or expense required for traditional tooling. The firm offers complete systems and support, engineering services, and casting simulation for elevated finished pours, as well as on-demand 3D printing of complicated molds and cores and infiltrating sand tooling for a range of applications. Furthermore, Sculpteo is a French company that specializes in cloud-based 3D printing. Sculpteo is an online 3D printing service that uses fast prototyping and a production method that includes laser sintering or stereolithography. For example, it provides Stainless Steel 316L, which is 3D printed utilizing Binder Jetting technology and is ideal for mechanical applications.

Product Offerings

  • Sand 3D Printers - ExOne, as the pioneer in 3D sand printing additive manufacturing, provides solutions for complicated and rising client needs that cannot be met by any other manufacturing technique. Incorporating ExOne sand mold and core technologies improves operations and increases efficiency for industrial firms as they move into Industry 4.0. Our sand 3D printers can handle prototypes, serial manufacturing, and parts on demand. Learn more about the adaptability of sand 3D printers and how their systems can fit the requirements of the operation.
  • Steel / Bronze 420SS/BR 3D printing material – Sculpteo offers Steel / Bronze 420SS/BR 3D printed using binder jetting, made from fine stainless steel 420 powder. The material is made up of 60% stainless steel material and 40% bronze material. Binder Jetting Steel / Bronze 420SS/BR produces excellent 3D printed models and is capable of handling difficult geometries. Although the material possesses mechanical qualities, it is best suited for ornamentation and ornamental things. It is available in four colors and two plating options: nickel and gold.
  • Stainless Steel 316L 3D printing material - It is a Sculpteo product and is an excellent metal for 3D printing small-size items. This material is made of a 316L stainless steel alloy and has strong mechanical qualities. Stainless Steel 316L offers excellent corrosion resistance and high-temperature resistance. These characteristics make it an excellent material for tooling, molds, and injection molding, as well as for producing parts for the consumer products industry.

Market Key Developments

  • In December 2021, Desktop Metal, a prominent vendor of binder jet 3D printing technology, secured a $7.9 million purchase from a large German vehicle manufacturer. The business would employ its new binder jet 3D printers to mass produce metal vehicle engine parts in large quantities. Desktop Metal already services multiple worldwide automobile firms, several of which 3D print series end-use car components using the company's technology. BMW, Continental, Ford, and Renault are among the companies involved.
  • In October 2022, GE Additive, GE's industrial 3D printing subsidiary, revealed the commercial launch of its Series 3 binder jet platform. The Series 3 is capable of swiftly depositing a unique binder into pieces up to 25 kilos in size, with a diameter of less than 500m, thanks to the technology underlying its alpha and beta predecessors. According to Josh Mook, an Innovation Leader at GE Additive, it is feasible to make metal parts like casting on an industrial scale using machines, which can be integrated into automated manufacturing lines.
  • In September 2022, Roland DG Corporation, a global manufacturer and distributor of advertising and signage inkjet printers, launched a joint venture firm in China. The collaborative venture firm manufactures ceramic binder-jet 3D printers, ceramic items, and supplies, as well as running education and experience facilities. The company will develop this new market in China in collaboration with AMSKY and AGCC to broaden the use of their technology.

Segmentation:

  • By Component
    • Hardware
    • Software
    • Service
    • Material
  • By End-User
    • Healthcare
    • Automotive
    • Aerospace and Defense
    • Others
  • By Geography
    • North America
      • USA
      • Others
    • South America
    • Europe
      • Germany
      • UK
      • Others
    • Middle East and Africa
    • Asia Pacific
      • China
      • Japan
      • South Korea
      • Others

Frequently Asked Questions (FAQs)

Q1. What are the growth prospects for the binder jetting 3D printing technology market?
A1. The global binder jetting 3D printing technology market is projected to grow at a CAGR of 26.88% during the forecast period.


Q2. What will be the binder jetting 3D printing technology market size by 2027?
A2. The binder jetting 3D printing technology market is projected to reach a total market size of US$560.474 million by 2027.


Q3. What is the size of the global binder jetting 3D printing technology market?
A3. Binder Jetting 3D Printing Technology Market was valued at US$105.901 million in 2020.


Q4. What factors are anticipated to drive the binder jetting 3D printing technology market growth?
A4. The increasing developments and innovations made by companies will boost the binder jetting 3D printing technology market growth.


Q5. Which region holds the largest share of the binder jetting 3D printing technology market?
A5. Geographically, North America and Europe have been estimated to hold a substantial share of the binder jetting 3D printing technology market.


1. INTRODUCTION

1.1. Market Overview

1.2. COVID-19 Scenario

1.3. Market Definition

1.4. 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. Porter’s Five Force Analysis

4.3.1. Bargaining Power of Suppliers

4.3.2. Bargaining Power of Buyers

4.3.3. 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. BINDER JETTING 3D PRINTING TECHNOLOGY MARKET, BY COMPONENT

5.1. Introduction

5.2. Hardware

5.3. Software

5.4. Service

5.5. Material

 

6. BINDER JETTING 3D PRINTING TECHNOLOGY MARKET, BY END-USER

6.1. Introduction

6.2. Healthcare

6.3. Automotive

6.4. Aerospace and Defence

6.5. Others

 

7. BINDER JETTING 3D PRINTING TECHNOLOGY MARKET, BY GEOGRAPHY

7.1. Introduction

7.2. North America

7.2.1. USA

7.2.2. Others

7.3. South America

7.4. Europe

7.4.1. Germany

7.4.2. UK

7.4.3. Others

7.5. Middle East and Africa

7.6. Asia Pacific

7.6.1. China

7.6.2. Japan

7.6.3. South Korea

7.6.4. Others

 

8.  COMPETITIVE ENVIRONMENT AND ANALYSIS

8.1. Major Players and Strategy Analysis

8.2. Emerging Players and Market Lucrativeness

8.3. Mergers, Acquisitions, Agreements, and Collaborations

8.4. Vendor Competitiveness Matrix

 

9. COMPANY PROFILES

9.1. Voxeljet

9.2. ExOne

9.3. 3D Systems, Inc.

9.4. Sculpteo

Voxeljet

ExOne

3D Systems, Inc.

Sculpteo

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