Increased Adoption of 3D Printing in Various Industries is Driving the Growth of the 3D Printing Materials Market

There is a corresponding surge in demand for materials that can meet the diverse requirements of this innovative manufacturing process as industries embrace the revolutionary capabilities of 3D printing. The versatility of 3D printing, also known as additive manufacturing, spans industries such as aerospace, healthcare, automotive, and consumer goods, where the technology is employed for rapid prototyping, customized production, and intricate design fabrication. The factor contributing to the demand for 3D printing materials is the technology's ability to produce complex and highly customized components.

Traditional manufacturing methods are not very efficient and fast as industries seek more complicated and precisely designed parts. 3D printing addresses this gap by allowing the creation of geometrically complex structures with enhanced efficiency. This necessitates a broad spectrum of materials tailored to different applications-ranging from plastics and metals to ceramics and composites. The demand for diverse materials that can meet specific industry needs is thus propelled by the versatility of 3D printing technology.

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Data Bridge Market Research analyzes that the Global 3D Printing Materials Market is expected to USD 11,164,173.50 thousand by 2031 from USD 2,616,265.29 thousand in 2023, growing with a substantial CAGR of 20.1% in the forecast period of 2024 to 2031.

Key Findings of the Study

Expanding Accessibility and Affordability of 3D Printing Technologies

This surge in the adoption of 3D printing is propelling the demand for a range of materials suitable for various applications. Materials ranging from polymers and metals to ceramics and composites are now integral to 3D printing applications and technologies. The increased accessibility of these technologies has led to a diverse user base, each with unique material requirements.

The accessibility and affordability of 3D printing have also increased innovation in material development. Researchers and manufacturers are investing in creating specialized materials that accommodate the evolving needs of diverse applications. This has led to the emergence of advanced materials with enhanced properties, such as improved strength, flexibility, and heat resistance. The competitive landscape of the 3D printing materials market is characterized by a constant push for materials that align with the evolving requirements of end-users. Furthermore, the democratization of 3D printing technologies has resulted in many small and medium enterprises (SMEs) incorporating these technologies into their operations. This has expanded the addressable market for 3D printing materials, driving higher volumes of material consumption.

Report Scope and Market Segmentation

Segment Analysis

The global 3D printing materials market is segmented into four notable segments based on type, form, technology, and end-use.

• On the basis of type, the global 3D printing materials market is segmented into plastics/polymers, metal, ceramic, and others

In 2024, the plastics/polymers segment is expected to dominate the global 3D printing materials market

In 2024, the plastics/polymer segment is expected to dominate the market with a 48.68% market share due to its versatility, cost-effectiveness, and widespread use across various industries for additive manufacturing applications.

• On the basis of form, the global 3D printing materials market is segmented into powder, filament, and liquid.

In 2024, the powder segment is expected to dominate the global 3D printing materials market

In 2024, the powder segment is expected to dominate the market with a 59.61% market due to their versatility in producing metal, ceramic, and polymer parts.

• On the basis of technology, the market is segmented into Fused Deposition Modeling (FDM), Selective Laser Sintering (SLS), Stereolithography (SLA), Direct Metal Laser Sintering (DMLS), Big Area Additive Manufacturing (BAAM), Wire Arc Additive Manufacturing (WAAM), colorjet, and others. In 2024, the Fused Deposition Modeling (FDM) segment is expected to dominate the market with a market share of 35.52%
• On the basis of end-use, the market is segmented into industrial manufacturing, automotive, healthcare, and aerospace & defense, consumer goods, electronics, education, construction, and others. In 2024, the industrial manufacturing segment is expected to dominate the market with a market share of 21.09%

Major Players

Data Bridge Market Research analyzes Stratasys (U.S.), EOS (Germany), 3D Systems, Inc. (Japan), BASF SE (Germany), and Formlabs (U.S.) as the major market players of the global 3D printing materials market.

Market Developments

• In October 2023, EOS launched its Digital Foam Architects network, designed to accelerate the development and additive manufacturing (AM) of consumer, medical and industrial products featuring Digital Foam applications. Digital Foam is not a product, rather it is an approach to 3D printing foam-like products. It will provide a new direction to the company in 3D printing materials
• In October 2023, Arkema announced new partnerships with industry leaders such as EOS, HP and Stratasys to design the next generation of 3D printed materials and solutions. This will favour their innovative capabilities and enhance their product portfolio
• In February 2023, Bauer Hockey, the global leader in hockey equipment innovation, and industrial 3D printing industry pioneer and market leader, EOS, have collaborated to incorporate additive manufacturing (AM, or 3D printing) into Bauer’s MyBauer custom equipment program. EOS and its patented Digital Foam approach to printing polymers gave Bauer a distinct advantage. It will strengthen the market presence for EOS in the 3D printing materials market
• In November 2021, Covestro AG introduced four new 3D printing materials at Formnext 2021, covering diverse technologies. Among them is Addigy FPC SOL1 HT, a soluble support material for FDM printing of high-temperature materials, offering easy removal and sustainability. Arnitel AM3001 (P) for SLS, a soft material with high energy return, achieved successful 3D printing with compliance with Toy Safety standards. Covestro also launched SLS and HSS versions of its TPU powder, Addigy PPU 86AW6, known for rebound, easy post-processing, and high reuse rate. These additions expand Covestro's polymer choices for 3D printing, following its acquisition of DSM's additive manufacturing business earlier this year
• In November 2019, BASF New Business GmbH agreed to acquire the online 3D printing service provider Sculpteo. The agreement was signed on November 14, 2019 and was expected to become effective in the next few weeks pending regulatory approval by the relevant authorities. The acquisition of the French 3D printing specialist based in Paris and San Francisco had enabled BASF 3D Printing Solutions GmbH, a wholly-owned subsidiary of BASF New Business GmbH, to market and establish new industrial 3D printing materials more quickly which strengthened the production capacity of BASF

Regional Analysis

Geographically, the countries covered in the global 3D printing materials market are the U.S., Canada, Mexico, Germany, Italy, U.K., France, Spain, Turkey, Russia, Switzerland, Belgium, Netherlands, Luxembourg, Rest of Europe, China, Japan, India, South Korea, Singapore, Indonesia, Thailand, Philippines, Australia & New Zealand, Malaysia, Rest of Asia-Pacific, Brazil, Argentina, Rest of South America, U.A.E., Saudi Arabia, Egypt, South Africa, Israel, and Rest of Middle East and Africa.

As per Data Bridge Market Research analysis:

North America is the fastest growing and dominating region in the global 3D printing materials market

North America is expected to dominate the market due to growth of industries such as aerospace, healthcare, automotive, and consumer goods. The region is expected to show the fastest growth rate in the market due to increasing adoption of advanced manufacturing technologies, robust research and development activities.

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