The global 3D Printing photopolymer market enjoys a valuation of USD 790.9 Million in 2022, and it is further projected to expand at a CAGR of 18.3% over the forecasted years. According to a recent study by Future Market Insights, oligomers are leading the market with a share of about 44.1% in the year 2022, within the global market.
Market Outlook:
| Data Points | Market Insights |
|---|---|
| Market Value 2023 | USD 935.0 Million |
| Market Value 2033 | USD 5.0 Billion |
| CAGR 2023 to 2033 | 18.3% |
| Market Share of Top 5 Countries | 71.8% |
| Key Market Players | Bomar, Polysciences Inc., Alfa Aesar (Thermo Fisher Scientific Inc.), Inoes, Röhm GmbH, BASF, SOLTECH LTD., Mohini Organics Pvt. Ltd., Fushun Donglian Anxin Chemical Co., Ltd., Gelest Inc., Sinocure Chemical Group, Kyoeisha Chemical Co., Ltd., AGC, Allnex GMBH, Evonik, Sartomer arkema, and Miwon |
The process of turning a liquid or gel monomer into a solid polymeric presence of light is called photopolymerization. A suitable photoinitiator must be used in these reactions; it is a light-sensitive molecule that creates an active species when exposed to UV, visible, or infrared light.
Technology and business are currently trying to increase the pace of photopolymer production. In dentistry, 3D printing is already used to produce a majority of dental aligner molds, surgical guides, and crowns. Still, technology has the potential to take the lead in this industry. Customized equipment and implants with high surface quality and fine feature detail can be created quickly with resin-based 3D printing material. The association for 3D printing have already started to lay out a road map identifying the leading raw material suppliers, production cost, and automation technology also government initiatives are rising.
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The global sales of the market expanded at a CAGR of 17.1% between 2017 and 2022, owing to the rising adoption of 3D printing technology.
The global market holds around 33.8% share of the overall global 3d printing materials market with a value of around USD 2.3 Billion in 2022.
One of the key factors propelling the growth of the market in the coming years is the upsurge in demand for 3D printed implants in the medical industry.
The process of 3D printing material is also known as additive manufacturing for quick and easy 3D printed devices production process. The use of 3D printing allows for the development of novel geometries, like trabecular meshwork, that promote bone ingrowth on a given implant. These geometries can be designed, tested, and quickly prototyped utilising the selected production technique thanks to technology. Consequently, there is a high demand for photopolymers for 3D printing in the medical sector, which will drive the expansion of the industry over the projection period.
Numerous government and commercial institutions are offering funding for research and development to expand the scope of applications in the medical industry. Due to their biocompatibility, photopolymers have proven to be the best and most reliable option.
Owing to the above-mentioned factors, the global market is expected to grow at a prominent pace, and reach a valuation of around USD 5.0 Billion during the year 2033.
The market is anticipated to expand due to favourable reimbursement policies, creating a huge incentive for research.
There have been several research papers by scientists that have provided promising results for 3D printing drug-loaded hearing aids with antibacterial properties. In a press release, Materialise, a Belgian software and 3D printing service provider, stated that most hearing aids sold around the world are now manufactured using 3D printing technology. So it is a great opportunity for the manufacturer to focus on the development of drug-loaded hearing aids.
4D printing with photopolymer solves one of the main problems with 3D printing. Materials that do not change their physical or chemical properties in a controlled and functional manner after being exposed to an external stimulus such as heat, moisture, light, a magnetic field, or pH’ are referred to as ‘smart materials.’ So emerging development of 4D-printed photopolymers can open numerous opportunities for manufacturers.
The major restraining factor for the market to grow is the lack of a skilled workforce and higher lead time in the manufacturing process.
One of the biggest obstacles is the lack of skilled technicians for the polymer-based 3D printing business in healthcare. The pool of resources for employees skilled in 3D printing is quite small, which is made worse by the rapid technological and material development of the industry. The quality of the final product is compromised by the lack of workforce and training programs that can restrain market growth.
Another barrier to the widespread adoption of photopolymer 3D printing is the cost of production and equipment. Costs range from USD 9.6 million to USD 0.01 million, depending on the technology and size of the parts to be printed. Depending on the material chosen, the material cost per gram is quite high. The high cost and low availability of 3D printers in different regions also pose a problem for the revenue growth of the 3D printed medical devices market.
The USA dominates the North American region with a total market share of 95.2% in 2022 and is expected to continue to experience the same growth throughout the forecast period.
The development and adoption of personalized surgical tools using photopolymer 3D printing technology can grow the USA market. The benefits of manufacturing custom surgical equipment for less stressful treatments, and improve surgeon dexterity. 3D printed blades for surgery can be manufactured and completed in as little as three weeks at a 45% lower cost can rise the demand for 3d printed material.
The United kingdom holds a market share of 14.8% in 2022 in the European market.
Government bodies as well as scientists in the United kingdom taking great initiatives to implement 3D printing technology in the healthcare sector and animal model-based research. According to surgeons, operating time was reduced by 17.63% in more than 45 surgeries due to research based on the animal model. Therefore, with the increasing popularity, the market is expected to grow further.
A relatively growing adoption of 3D printed products is expected to gain traction, over the forecast period.
China and Taiwan hold a share of around 46.7% in the South Asia market in 2022.
To make China one of the top 3D printing nations. It is a component of the "Made in China 2025" strategy plan by the country. The Chinese healthcare sector has made multiple plans and is providing financial support to research organizations and private companies to adopt 3D printing technology. Hence with rising interest, there is high spending for obtaining raw materials for 3D printing.
Oligomers led the global market with a value share of around 44.1% in 2022.
Oligomers and monomers generally combine, harden, and form bonds that specifically create the polymer structure which is essential for the firm photopolymer structure. Their ability to produce parts with a wide range of mechanical and optical properties propelled the demand for photopolymers to be used in 3D printing across the globe.
The implants segment by application holds a market share of 48.2% during the year 2022.
3d Printing photopolymer implants have more durability and availability drive the market. An implant is a medical device created to replace a biological structure that is missing, to sustain a biological structure that has been injured, or to improve a biological structure that already exists.
The main differentiating techniques that manufacturers are using include extending partnerships and collaboration, entering a new region by offering varieties of materials and developing new goods that are compatible with existing products.
Strengthening partnerships with major distributors and long-term contracts with end users of photopolymers who will utilize the 3D printing technology for market growth
Similarly, the team at Future Market Insights has tracked recent developments related to companies manufacturing 3D printing photopolymer products. These are available in the full report.
| Attribute | Details |
|---|---|
| Forecast Period | 2023 to 2033 |
| Historical Data Available for | 2017 to 2022 |
| Market Analysis | USD Million for Value, Metric Tons for Volume |
| Key Regions Covered | North America; Latin America; Europe; South Asia; East Asia; Oceania; and the Middle East & Africa |
| Key Countries Covered | USA Canada, Brazil, Mexico, Argentina, Germany, Italy, France, United kingdom, Spain, BENELUX, Russia, Nordics, India, Indonesia, Malaysia, Thailand, China and Taiwan, Japan, South Korea, Australia, New Zealand, GCC Countries, Türkiye, North Africa, South Africa |
| Key Market Segments Covered | Material, Application, and Region |
| Key Companies Profiled | Bomar; Polysciences Inc.; Alfa Aesar (Thermo Fisher Scientific Inc.); Inoes; Röhm GmbH; BASF; SOLTECH LTD.; Mohini Organics Pvt. Ltd.; Fushun Donglian Anxin Chemical Co., Ltd.; Gelest Inc.; Sinocure Chemical Group; Kyoeisha Chemical Co., Ltd; AGC; Allnex GMBH; Evonik; Sartomer arkema; Miwon |
| Pricing | Available upon Request |
The 3D printing photopolymers market CAGR for 2033 is 18.3%.
The market is estimated to reach USD 5.0 billion by 2033.
Stratasys, DSM Functional Materials, and Formlabs are key market players.
The market is estimated to secure a valuation of USD 935.0 million in 2023.
Oligomers by material segment will garner a significant value share by 2023.
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