The 3D printing materials market is predicted to be worth roughly USD 6.6 billion by 2033, up from USD 1.8 billion in 2023, and to increase at a compound annual growth rate of 14.2% from 2023 to 2033.
| Report Attribute | Details |
|---|---|
| 3D Printing Materials Market Value (2023) | USD 1.8 billion |
| 3D Printing Materials Market Anticipated Value (2033) | USD 6.6 billion |
| 3D Printing Materials Market Growth Rate (2023 to 2033) | 14.2% CAGR |
Don't pay for what you don't need
Customize your report by selecting specific countries or regions and save 30%!
In the automotive sector, 3D printing materials are widely employed to create scaled models for testing. They are also utilized for bellows, front bumpers, air conditioning ducting, suspension wishbones, dashboard interfaces, alternator mounting brackets, battery covers, and other components. 3D printing materials are being used by automotive OEM makers for quick prototyping.
Automotive firms are leaning toward the use of 3D printing due to its benefits such as low cost, shorter manufacturing time, less material waste, and so on. Some of the world's leading car manufacturers, including AUDI, Rolls-Royce, Porsche, Hackrod, and many others, use these materials to make replacement parts and metal prototypes.
Because of the lower need for automotive fibers, the present downturn in global car production has impacted the market for polyester staple fiber. Furthermore, the present downturn in automobile sales in nations such as China is projected to stymie demand for 3D printing materials. However, the automotive industry's demand for 3D printing materials is likely to expand in the future.
The 3D Printing Materials Market is expected to be worth USD 1.6 billion by 2022, growing at a 6.3% CAGR during the forecast period. Absolute dollar growth in the global market is USD 4.9 billion.
The ongoing shift from traditional printing to 3D printing technologies will fuel the market's rapid growth. 3D printing has many advantages, including less waste, more complex designs, cost efficiency, and improved design modification. Furthermore, companies from a wide range of industries have been attracted in by increased awareness of the evident benefits of 3D printing technology.
The technology is being utilized to make new goods more inexpensively in the food, footwear, music, jewelry, and medical industries. In the future years, this will increase the market share of 3D printing materials. Furthermore, due to the rising use of 3D-printed components in military, automotive, and aerospace applications, the market will rise rapidly over the forecast period.
| Historical CAGR (2017 to 2022) | 6.3% |
|---|---|
| Forecast CAGR (2023 to 2033) | 14.2% |
Short Term (2023 to 2026): Rising demand for 3D printing technology is decreased weight, increased strength, decreased inventory, and mass customization. are decreased weight, increased strength, decreased inventory, and mass customization.
Medium Term (2026 to 2029):The market for 3D printing materials is growing due to the increased use of technology in the healthcare industry.
Long Term (2029 to 2033):The rise in the demand for dental implants is anticipated to fuel the market's growth for 3D printing materials.
As per the FMI analysts, a valuation of USD 6.6 billion by 2033 end is estimated for the market.
| Years | Valuation |
|---|---|
| 2016 | USD 10.2 million |
| 2021 | USD 1454 billion |
| 2022 | USD 1.6 billion |
| 2023 | USD 1.8 billion |
| 2033 | USD 6.6 billion |
Principal Consultant
Demand in the market is projected to grow at a 14%CAGR, in comparison with the steady4.5%registered between 2016 and 2020.
Technological advancements and new product developments are expected to drive sales in the market. Rapid industrialization in developing economies, a growing preference for print advertising, and growing investments in the healthcare sectors will continue boosting the market in the forthcoming years.
Further, increasing the utilization of additive manufacturing for the production of several industrial parts and objects will augment the growth of the market. Increasing adoption of technology in North America and East Asia is anticipated to boost the demand for 3D printing materials in the forthcoming years.
Surging Demand in the Automotive Sector Pushing 3D Printing Materials Sales
In the automotive sector, 3D printing materials are widely used to create scaled models for testing. Bellows, front bumper, air conditioner suspension wishbone, ducting, dashboard interface, battery cover, alternator mounting bracket, and other components are also being manufactured using 3D printing techniques.
3D printing materials are used by automotive OEMs for quick prototyping. Automobile manufacturers are adopting 3D printing because of its advantages such as low cost, shorter manufacturing time, and less material waste.
For creating components with intricate designs for the aerospace sector, the technology has proven quite useful. It allows designers to create the best quality parts at a lower cost and with more production feasibility. Many airplane parts, including wings, jigs, and engine parts, are made using 3D printing materials, such as metals.
Backed by the aforementioned factors, high demand from the aerospace and automotive sectors is expected to boost the market over the forthcoming years.
Government initiatives to encourage the use of 3D printing
3D printing is being employed in a variety of businesses around the world since it reduces operational time and costs while allowing for the mass manufacturing of goods. The governments of several nations throughout the world are taking steps to encourage the use of 3D printing in a variety of businesses.
3D printing technology has been around for over 30 years, but the recent surge in popularity is due to the availability of home 3D printers. These home printers are available in the market at extremely low prices, which is increasing demand for home 3D printers and driving the 3D printing materials market to rapid growth.
These printers are now available in homes, workplaces, computer stores, and shopping malls, allowing users to make low-cost products in a relatively short period.
The market is hampered by high material costs
3D printing is a faster way to make products, but it is expensive due to high material costs, which is a key commercial limitation. The higher purity and composition parameters necessary for 3D printing result in this high pricing.
Metal materials for 3D printing cost an average of USD 250.0 to USD 500.0 per kg, making them prohibitively expensive for usage in ordinary applications because the product costs far exceed those of competing products.
Automotive production has a bright future
Because of the positive outlook for the vehicle sector, the market for 3D printing materials and equipment will grow in the future. A range of long-lasting technologies, including fused filament fabrication, are utilized to create prototypes and final components (FFF). 3D printing scale models with a high level of detail, precision, and smoothness are widely used in the automobile industry to propose concepts and designs for future cars.
3D printing materials and machinery enable rapid prototyping during the pre-manufacturing stage. The materials are frequently used in the development of prototype automotive and aeronautical components. The approach offers the advantage of cheaper costs and production viability while manufacturing exceedingly complex items.
Shortening the lead time
One of the most difficult difficulties for 3D printing material makers is reducing the lead time associated with these materials, particularly metals. The manufacturing of metal products takes a long time. To address this issue, producers must improve existing materials and technology used in the 3D printing sector.
The industry's significant lead time prevents most businesses from moving to additive manufacturing from their traditional production process, which is a barrier to the adoption of 3D printing in major end-use industries such as aerospace and defense, automotive, and electrical and electronics.
Get the data you need at a Fraction of the cost
Personalize your report by choosing insights you need
and save 40%!
| Country | USA |
|---|---|
| CAGR (2017 to 2022) | 6.0% |
| Valuation (2023 to 2033) | USD 2.5 billion |
| Country | UK |
|---|---|
| CAGR (2017 to 2022) | 5.3% |
| Valuation (2023 to 2033) | USD 925.2 million |
| Country | China |
|---|---|
| CAGR (2017 to 2022) | 6.9% |
| Valuation (2023 to 2033) | USD 484.2 million |
| Country | Japan |
|---|---|
| CAGR (2017 to 2022) | 6.5% |
| Valuation (2023 to 2033) | USD 91.7 million |
| Country | South Korea |
|---|---|
| CAGR (2017 to 2022) | 7.6% |
| Valuation (2023 to 2033) | USD 76.6 million |
Increasing Demand from the Automotive Sector will Propel Sales of Metal 3D Printers in the USA.
In 2021, the USA 3D printing materials market grew by10.9%year-on-year, reaching a market valuation ofUSD 514.0 Million. Increasing demand from various end-use industries like automotive and aerospace, medical, electronics, industrial, and construction are expected to bolster the consumption of 3D printing materials over the forthcoming years.
As per FMI, the consumption of metals across North America crossed USD 368.4 Million by the end of 2021. Further, a significant development in various end-use industries in the country, along with rapid adoption of technologically advanced equipment in the automotive and aerospace sectors is projected to push sales in the forthcoming years.
Growing Adoption in the Medical Sector is Fueling Ceramic 3D Printer Sales in Germany
Sales of 3D printing materials in Germany registered year-on-year growth of 12.7% in 2021. Germany is expected to account for a dominant share of the Europe 3D printing materials market over the forecast period.
In addition to this, increasing usage of 3D printing ceramics for the development of medical equipment to reduce costs is expected to drive the market. Growing investments in the healthcare sector, adoption of adaptive manufacturing techniques, and technological advancements will continue boosting the consumption of 3D printing materials over the forecast period.
China is one of the world's fastest-growing economies, and practically all end-user industries are expanding as a result of increased population, living standards, and per capita income.
Furthermore, China was the only major economy in the world to achieve positive GDP growth. China is one of the fastest-growing markets for new technology and the use of innovative building materials. With China's dominant role as a worldwide construction hub, the country's traditional construction industry is anticipated to be revolutionized by the accelerated development of the 3D concrete printing sector, with applications ranging from residential structures to monuments.
The country is adopting 3D printing technology to construct buildings, offices, and bridges. In addition, Shanghai is home to the world's largest 3D-printed bridge (86 feet long), which is made up of 176 concrete sections.
There are a few obstacles to 3D printing in the construction sector, such as building developers' lack of confidence and the lack of suitable rules for the use of this technology. However, as people become more aware of new technology and their benefits, corporations and individuals are increasingly turning to cost-cutting measures. This, in turn, is fuelling demand in the country's 3D concrete printing sector.
In terms of production, China is the world's largest automotive market. Although domestic manufacturing has fallen in recent years, the electric car segment is likely to rise. All of these factors, as well as the country's demand, are projected to drive the market under consideration.
Scope for Metal 3D Printers Application Surging in Diverse Industries
In terms of material type, the metals segment is expected to account for a lion’s share of the global 3D printing materials market over the forecast period. As per FMI, the metals segment grew year-on-year by 11.5% in 2021.
The ongoing expansion of end-use sectors such as automotive, medical, electronics, aerospace, and industrial is expected to boost sales in the market.
3D printing metals include aluminum, cobalt-nickel alloys, titanium, steel, and others. These metals are significantly used in various end-use industries, which is expected to boost the market.
Further, the adoption of metal powder in the industry is also expected to lower carbon emissions, which will fuel sales in the forthcoming years.
Growing Adoption of Metal Printing is Spurring Demand for Powder 3D Printing Materials
With the rising application of 3D printing materials across various industries, the consumption of powder form is expected to grow at a 13.5% CAGR over the assessment period.
Increasing focus to reduce carbon footprint across the globe is driving demand in the market, which will continue pushing sales in the forthcoming years.
Revenues in the automotive segment are estimated to grow at a 13.6% CAGR over the assessment period. Compared to conventional methods, 3D printing gives more efficient results and produces fewer waste materials. This helps in reducing the environmental impact.
Increasing demand from the automotive sector for the manufacturing of vehicle interiors is expected to propel the consumption rate of 3D printing materials. 3D printed components are lightweight and they effectively reduce the overall weight of the vehicles, thereby improving fuel efficiency. This trend is expected to continue over the assessment period.
Some of the key players in the 3D printing materials market are as follows
| Attribute | Details |
|---|---|
| Market Size Value In 2023 | USD 1.8 billion |
| Market Size Value at End of Forecast (2033) | USD 6.6 billion |
| Market Analysis | USD billion for Value |
| Key Region Covered | North America; Latin America; Europe; East Asia;; South Asia & Pacific Middle East & Africa |
| Key Segments | By Material type, By Form, By Application, By Region |
| Key Companies Profiled | Covestro AG; Arkema S.A.; Sandvik A.B.; Evonik Industries A.G.; EOS GmbH Electro Optical Systems; Ultimaker B.V.; Hoganas AB; The EXONE Company; General Electrics; 3D Systems Corporation; Materialise NV; STRATASYS LTD MARKFORGED Inc. |
| Report Coverage | Market Forecast, Company Share Analysis, Competition Intelligence, DROT Analysis, Market Dynamics and Challenges, and Strategic Growth Initiatives |
| Customization & Pricing | Available upon Request |
The market in 2023 is valued at USD 6.6 billion.
The market rose at a 6.3% CAGR from 2017 to 2022.
Automotive remains most preferred.
By 2033, the United States will reach USD 2.5 billion.
Covestro AG, Arkema S.A. and Sandvik A.B. Systems are some key players.
1. Executive Summary | 3D Printing Materials Market 2. Market Overview 3. Market Background 4. Global Market Analysis 2017 to 2022 and Forecast, 2023 to 2033 5. Global Market Analysis 2017 to 2022 and Forecast 2023 to 2033, By Material Type 5.1. Plastics 5.1.1. Acryonitrile Butadiene Styrene Nylon 5.1.2. Polylactic Acid 5.1.3. Nylon 5.1.4. Standard Resin 5.1.5. Polyethylene Terephthalate Glycol 5.1.6. Other Plastics 5.2. Metals 5.2.1. Aluminum 5.2.2. Titanium 5.2.3. Stainless Steel 5.2.4. Nickel Alloys 5.2.5. Other Metals 5.3. Ceramics 5.4. Others 6. Global Market Analysis 2017 to 2022 and Forecast 2023 to 2033, By Form 6.1. Filament 6.2. Powder 6.3. Liquid 7. Global Market Analysis 2017 to 2022 and Forecast 2023 to 2033, By Application 7.1. Electronics & Consumers 7.2. Automotive 7.3. Medical 7.4. Industrial 7.5. Education 7.6. Aerospace 7.7. Others 8. Global Market Analysis 2017 to 2022 and Forecast 2023 to 2033, By Region 8.1. North America 8.2. Latin America 8.3. Europe 8.4. East Asia 8.5. South Asia & Pacific 8.6. Middle East and Africa 9. North America Market Analysis 2017 to 2022 and Forecast 2023 to 2033, By Country 10. Latin America Market Analysis 2017 to 2022 and Forecast 2023 to 2033, By Country 11. Europe Market Analysis 2017 to 2022 and Forecast 2023 to 2033, By Country 12. East Asia Market Analysis 2017 to 2022 and Forecast 2023 to 2033, By Country 13. South Asia & Pacific Market Analysis 2017 to 2022 and Forecast 2023 to 2033, By Country 14. Middle East and Africa Market Analysis 2017 to 2022 and Forecast 2023 to 2033, By Country 15. Key Countries Market Analysis 16. Market Structure Analysis 17. Competition Analysis 17.1. Covestro AG 17.2. Arkema S.A. 17.3. Sandvik A.B. 17.4. Evonik Industries A.G. 17.5. EOS GmbH Electro Optical Systems 17.6. Ultimaker B.V. 17.7. Hoganas AB 17.8. The EXONE Company 17.9. General Electrics 17.10. 3D Systems Corporation 17.11. Materialise NV 17.12. STRATASYS LTD 17.13. MARKFORGED Inc. 18. Assumptions & Acronyms Used 19. Research Methodology
Explore Technology Insights
View Reports
3D Printing Materials Market
