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3D Printing Materials Market Impact on Chemical Growth due to COVID-19, Deviation, Research and Forecast 2022-2028

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MRFR Research
3D Printing Materials Market Impact on Chemical Growth due to COVID-19, Deviation, Research and Forecast 2022-2028

Market Insights

Market Research Future has observed that the global 3D printing material market is estimated to generate a market value of approximately USD 1,500 Mn. This and several other vital calculations have been made in MRFR's report on the global market. 3D Printing Materials Market is projected to be worth USD 4.5 billion by 2030, registering a CAGR of 23.5% during the forecast period (2021 - 2030)

3D printing is an up and coming method of manufacturing which is faster and has immense potential in a vast number of end-use industries as well as in the manufacturing of lightweight components in an industrial capacity. Rising demand for fuel efficiency in automotive has resulted in increasing adoption of 3D printing for the production of lightweight components such as engines and the like for automotive manufacturing. A number of materials have been developed for use in 3D printing, and 3D printing technology has advanced rapidly to include metals, polymers, and even food. The rapid adoption of 3D printing and its popularity has greatly increased the demand for 3D printing materials. Moreover, the market has become highly competitive leading to affordable pricing for 3D printing materials. Applications for 3D printing are expanding consistently, thus resulting in rapid growth of the 3D printing materials market. Adoption of 3D printing in rapidly growing industries such as automotive, healthcare, aerospace and consumer goods acts as a major driver of the market.

The ongoing innovation of the nascent technology that is 3D printing is expected to result in a number of opportunities for the growth of the market in the coming years. Additionally, clever use of new types of materials such as sugar to produce innovative confectionery, or pulped paper are expected to support the expansion of the market.

Key Players

MRFR has profiled several leading market players in the global 3D printing materials market including 

Stratasys Ltd. Inc.

Royal DSM N.V.

Arkema S.A. Inc.

ExOne GmbH Inc.

3D Systems Corporation

EOS GmbH

Sandvik AB

Arcam AB Inc.

Solvay S.A.

and Höganäs AB.

Market Segmentation

MRFR's assessment of the global 3D printing materials market segments it on the basis of material, application, and region. Materials commonly used on 3D printing are segmented into plastics, metals, ceramics, and others. Applications of 3D printing materials are largely segmented into aerospace & defense, healthcare, automotive, consumer goods, and others.

Global division by geography segmented the market into Asia Pacific, North America, Europe, and the Rest of the World.

Regional Analysis

Europe has established itself as the leader of the global biocompatible 3d printing materials market. The presence of several leading market players plays a significant role in helping the regional market capture its majority market share. Moreover, the development and expansion of the industrial sector in the region will lead to increased demand for 3D printing and 3D printing material. Ongoing research & development activities, increasing investments new technology and presence of flourishing aerospace and automotive sectors are expected to contribute to the European 3D printing materials market growth. Meanwhile, the Asia Pacific is set to witness the fastest growth at the highest CAGR during the forecast period. The region has made a name for itself as a manufacturing hub, and emerging economies such as India and China are expected to encourage market growth over the review period. The presence of a significant automotive sector and other end-user industries which are flourishing are expected to move on to adopt advanced 3D printing technologies and with it accept a variety of 3D printing materials, thus resulting in rapid growth for the APAC market.

Latest Industry News

  • Royal DSM has launched four new additive manufacturing grades to its 3D printing solutions.
  • Boston-based Rize Inc. has added two new materials to its rapidly expanding portfolio among other 3D printing solutions.


About Market Research Future - 

 At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research Consulting Edibles. 

MRFR team has the supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by products, services, technologies, applications, end-users, and market players for global, regional, and country-level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.

 In order to stay updated with the technology and work process of the industry, MRFR often plans to conduct meet with the industry experts and industrial visits for its research analyst members.

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Market Research Future®

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New York, New York 10013

United States of America

 Phone: +1 628 258 0071(US) +44 2035 002 764(UK)

 Email: [email protected]

 Website: https://www.marketresearchfuture.com 

 

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