The Stereolithography (SLA) Technology 3D Printing Market was valued at US$1.793 billion in 2019 and is expected to grow at a CAGR of 28.71% over the forecast period to reach a total market size of US$10.489 billion by 2026.
One of the most popular and widely used additive manufacturing techniques is stereolithography, more commonly known as SLA 3D printing. Laser energy is used to harden liquid resin stored in a reservoir, and this allows the desired 3D shape to be created. Photopolymerization and a low-power laser combine to create layers of solid plastics in layers of photosensitive liquid. This form of 3D printing, also known as resin 3D printing, has become immensely popular for its ability to make high-precision, watertight and precise prototypes, parts, and components out of a wide variety of advanced materials with smooth surfaces. For example, SLA 3D printing is used by companies like Gillette to develop consumer products such as 3D printed razor handles as part of their Razor Maker platform. Rubanmaster, innovators in 3D printing, have introduced an all-in-one device that combines the versatility of laser engraving and cutting with the high quality available from SLA 3D printing. Anyone can capture their creativity with the printer's innovative features. Stereolithography market growth is strongly influenced by such industry developments.
The three-dimensional printing process of stereolithography has seen significant changes. It has traditionally been cost-prohibitive and difficult to use resin 3D printers because they require skilled technicians and expensive maintenance contracts. Today's small-format desktop printers provide high-quality output at an unprecedented price point, making them more affordable than ever. Manufacturers are aggressively seeking out new products. Such as, in September 2021, SoonSolid Tech, a well-known company in 3d printing Stereolithography, announced the launch of the Mars Pro, an industrial-grade SLA 3D printer made by the German company Forward AM, which will provide better 3D printing solutions to global customers.
The original purpose of SLA printing was for engineers to produce high-quality, plastic prototypes in a timely manner. This is still one of its primary uses today. In addition, this 3D printing technique is also gaining popularity in medicine. It is most often used to create anatomically correct body diagrams for educational purposes. In addition to manufacturing plastic components, SLA printing is used for jewelry, dental tools, auto parts, and prosthetics. Fine features, smooth surface finishing, ultimate precision, and accuracy, as well as mechanical characteristics such as isotropy, water tightness, and material versatility, are just some of the reasons why SLA 3D printing has gained a lot of popularity. The ability of SLA 3D printing to repeatedly create accurate parts is critical to industries ranging from manufacturing to dental. In July 2020, Formlabs, the leading 3D printer manufacturers, announced the launch of six new SLA 3D printing materials. 3D printing resins for 3D printing support a variety of industries and uses in these industries. Products are mainly focused on the Engineering, Product Design, Manufacturing, and Healthcare & Dental segments. Copper3D, dedicated to bringing antimicrobial materials to 3D printing, launched Glaciarys AR3, a new, biocompatible SLA resin that can be used in surgical and dental applications in June 2021. The Indomake INSL 3D printer series was launched by STPL3D, a Surat-based company that specializes in rapid prototyping & additive manufacturing. With these new industrial-level 3D printers, Indian manufacturing has advanced significantly. UnionTech, a global leader in 3d printing Stereolithography, has launched the world's first ultra-large format stereolithography 3d printer at Formnext Connect 2020, an internet expo for the most innovative products from all of the world's acclaimed makers. As a result of these major developments, these leading companies have helped drive the growth of the stereolithography 3D printing market.
There are several factors that can hinder the growth of the market. For one, models made of resin are susceptible to damage from sun exposure. The printing process is more complicated. Using a 3D printer requires technical expertise. The resin used to print high-quality prints with SLA printers is highly toxic and should not be handled by inexperienced users. In general, resins are quite fragile, making them unsuitable for testing mechanical integrity or for functional prototypes. There are only limited color choices and material options with SLA, generally offered in black, white, grey, and clear. The resins used in printers from various brands are often proprietary, so they can't be interchanged easily.
As governments around the world were not prepared for such a pandemic, millions of health care professionals were left unprotected during the COVID-19 crisis due to the high demand for medical devices and personal protective equipment (PPE). The community of three-dimensional printing (3DP) enthusiasts, from universities to home printer owners, worked day and night to support hospitals by providing PPE and other medical supplies. SLA 3D printing is widely used by companies such as Kings SLA 3D printers, which have developed goggles, shield masks, and breathing valves to combat Coronavirus. SLA 3d printing has been successfully used by a company in Lanzhou to manufacture medical goggles using SLA 3d printing technology. The SLA face shield design was offered by 3D Systems as the result of a technological innovation that was optimized and manufactured using medical-grade ABS white (SL 7810) on our SLA ProX 500 machine, one of the industry's most advanced machines. Printing was made as efficient as possible while maintaining flexibility, robustness, comfort, and field of view. The Covid-19 pandemic has had a positive impact on this industry.
|Market size value in 2019||US$1.793 billion|
|Market size value in 2026||US$10.489 billion|
|Growth Rate||CAGR of 28.71% from 2019 to 2026|
|Forecast Unit (Value)||USD Billion|
|Segments covered||Price, Volume, Application, And Geography|
|Regions covered||North America, South America, Europe, Middle East and Africa, Asia Pacific|
|Companies covered||XYZprinting, Inc. (A part of New Kinpo Group), Formlabs, Inc., 3DSystems, Inc., Peopoly, SparkMaker, Asiga, Shenzhen Dazzle Laser Forming Technology Co., Ltd., DWS s.r.l, Sharebot s.r.l, Shining 3D|
|Customization scope||Free report customization with purchase|
Frequently Asked Questions (FAQs)
Q1. What will be the stereolithography technology 3D printing market size by 2026?
A1. The global stereolithography technology 3D printing market is expected to reach a market size of US$10.489 billion by 2026.
Q2. What is the size of the global stereolithography (SLA) technology 3D printing market?
A2. Stereolithography (SLA) Technology 3D Printing Market was valued at US$1.793 billion in 2019.
Q3. What are the growth prospects for the stereolithography technology 3D printing market?
A3. The stereolithography technology 3D printing market is expected to grow at a CAGR of 28.71% over the forecast period.
Q4. Who are the major players in the stereolithography technology 3D printing market?
A4. Prominent key market players in the stereolithography technology 3D printing market include XYZprinting, Inc., Formlabs, Inc., 3DSystems, Inc., Peopoly, SparkMaker, Asiga, among others.
Q5. How is the global stereolithography (SLA) technology 3D printing market segmented?
A5. The stereolithography technology 3D printing market has been segmented by price, volume, application, and geography.
XYZprinting, Inc. (A part of New Kinpo Group)
Shenzhen Dazzle Laser Forming Technology Co., Ltd.
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