Global 3D Printing Materials Market - Segmented by Material Type, Form, End-User Industry and Geography - Growth, Trends and Forecasts (2022 - 2030)
The global 3D printing materials market is expected to witness a CAGR of 21.2% during the forecast period of 2018-2023, primarily driven by the growing usage in components manufacturing for various end-user industries such as automotive and healthcare. The mass customization associated with 3D printing is also likely to stimulate the 3D printing materials market during the forecast period.
Manufacturing Applications Driving the Market
Rapid prototyping is the most prominent application of 3D printing, but it is necessary to expand the technology into high volume use case. Currently, 98% of the hearing aids across the globe is manufactured with the help of 3D printing. Smartphones manufacturers are also using 3D printing technology to manufacture components of smartphones. Asia-Pacific is expected to drive the demand for 3D printing materials, owing to increasing investments in the telecommunication sector.
Consumer Electronics the Dominating End-user Industry
The global 3D printing materials market, based on end-user industry, can be broadly segmented into automotive, consumer electronics, medical, aerospace & defense, and others. Consumer electronics and automotive are expected to dominate the 3D printing materials market, as these industries use 3D printing technology for more than just prototyping to manufacture components with 3D methods. The medical industry is expected to have the third largest 3D printing materials market where it will be used to manufacture mass customized finished goods such as hearing aids.
Consumer Electronics Likely to Drive the Asia-Pacific Market
The market, based on the geographic area, is segmented into Asia-Pacific, North America, Europe, South America, and the Middle East & Africa. In terms of consumption in 2017, North America held a significant market share, followed by Europe. North America and Europe are expected to account for around two-thirds of the total 3D printing market. Asia-Pacific is expected to be an emerging market during the forecast period with the increase in automotive and consumer electronics manufacturing facilities in China, India, and ASEAN countries.
Notable Developments
February 2016: Sandvik announced its plans to invest USD 25 million in building a facility to manufacture metal powders for 3D printing from titanium and nickel in Sweden.
Major players: EOS GmbH Electro Optical Systems, Stratasys Ltd, Höganäs AB, Sandvik AB, and General Electric, among others.
Reason to Purchase the Report
To understand the impact of various material type on the market.
Analyzing various perspectives of the market with the help of Porter’s Five Forces Analysis.
To understand the dominating material type, form, and end-user industry in the market.
Countries expected to witness the fastest growth during the forecast period.
Identify the latest developments, market shares, and strategies employed by the major market players.
3-month analyst support along with the Market Estimate sheet (in Excel).
Customization of the Report
This report can be customized to meet your requirements. Please connect with our representative, who will ensure you get a report that suits your needs.
Manufacturing Applications Driving the Market
Rapid prototyping is the most prominent application of 3D printing, but it is necessary to expand the technology into high volume use case. Currently, 98% of the hearing aids across the globe is manufactured with the help of 3D printing. Smartphones manufacturers are also using 3D printing technology to manufacture components of smartphones. Asia-Pacific is expected to drive the demand for 3D printing materials, owing to increasing investments in the telecommunication sector.
Consumer Electronics the Dominating End-user Industry
The global 3D printing materials market, based on end-user industry, can be broadly segmented into automotive, consumer electronics, medical, aerospace & defense, and others. Consumer electronics and automotive are expected to dominate the 3D printing materials market, as these industries use 3D printing technology for more than just prototyping to manufacture components with 3D methods. The medical industry is expected to have the third largest 3D printing materials market where it will be used to manufacture mass customized finished goods such as hearing aids.
Consumer Electronics Likely to Drive the Asia-Pacific Market
The market, based on the geographic area, is segmented into Asia-Pacific, North America, Europe, South America, and the Middle East & Africa. In terms of consumption in 2017, North America held a significant market share, followed by Europe. North America and Europe are expected to account for around two-thirds of the total 3D printing market. Asia-Pacific is expected to be an emerging market during the forecast period with the increase in automotive and consumer electronics manufacturing facilities in China, India, and ASEAN countries.
Notable Developments
February 2016: Sandvik announced its plans to invest USD 25 million in building a facility to manufacture metal powders for 3D printing from titanium and nickel in Sweden.
Major players: EOS GmbH Electro Optical Systems, Stratasys Ltd, Höganäs AB, Sandvik AB, and General Electric, among others.
Reason to Purchase the Report
To understand the impact of various material type on the market.
Analyzing various perspectives of the market with the help of Porter’s Five Forces Analysis.
To understand the dominating material type, form, and end-user industry in the market.
Countries expected to witness the fastest growth during the forecast period.
Identify the latest developments, market shares, and strategies employed by the major market players.
3-month analyst support along with the Market Estimate sheet (in Excel).
Customization of the Report
This report can be customized to meet your requirements. Please connect with our representative, who will ensure you get a report that suits your needs.
Frequently Asked Questions
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