3D Printing Materials Market Size To Reach USD 6.54 Billion in 2027; Growing Demand for 3D Printed Parts and Materials in the Automotive Sector Is a Key Factor Expected To Drive Industry Demand, Says Emergen Research

Vancouver, British Columbia--(Newsfile Corp. - March 21, 2022) - Emergen Research has recently published its latest report titled "3D Printing Materials Market By Form (Powder, Filament, Liquid), By Product Type (Plastic, Metal, Ceramic), By End Users (Consumer electronics, Automotive, Medical, Industrial), By Application (Manufacturing, Prototyping), By Technology (FDM, SLS, SLA, DMLS) and By Region Forecast to 2027."

According to Emergen Research, the global 3D printing market size was USD 1.36 billion in 2019 and is expected to reach USD 6.54 billion in 2027 and register a revenue CAGR of 21.6% during the forecast period, 2020-2027.

Market Dynamics:

3D printing materials are available in a wide range of forms and plastics are the mostly widely adopted 3D printing materials. Thermoplastic 3D printing materials are often used in home 3D printing technology and are available in filament, resin, granule, and powder forms. Materials used for 3D printing are diverse like the products that are made from them. Choosing the correct 3D printing material offers enhanced flexibility to the manufacturers to determine the shape, texture, and strength of the product. Increasing application of 3D printing for prototype and component manufacturing, growing R&D to develop new ways to produce thermoplastics, and availability of 3D printing materials at cost-effective prices are some key factors expected to drive market revenue growth over the forecast period.

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In addition, development of state-of-the-art 3D printers, increasing use of powdered materials to construct products, and rapid advancements in metal-based 3D printing are some other factors expected to fuel revenue growth of the market going ahead.

3D printing has emerged as a revolutionary technique for the development of wide range of new applications. Plastics, powders, resins, metal, carbon fiber, graphite and graphene, nitinol, and paper, among others are some commonly used 3D printing materials. Development of novel 3D printing materials such as smart materials, ceramic materials, electronic materials, and biomaterials and composites have further increased efficiency of 3D printing and this is expected to further contribute to revenue growth of the market. Versatility of 3D printing materials depends on the variety of 3D printing systems. In addition, advancements in 3D printing has contributed to development of bioprinting which uses living cells while preserving the viability of cells within the scaffold. This has increased its application in healthcare sector from, medicine to surgical planning tools and custom surgical devices. Development of light-weight and eco-friendly 3D printing materials is further boosting their demand for 3D printing applications in industries such as aerospace and automotive and is expected to continue to contribute to revenue growth of the market going ahead.

COVID-19 Impact Analysis

• Social distancing and restrictions severely disrupted businesses and operations
• Lockdowns caused disruptions in transportation and logistics
• Impacted manufacturing activities and mining operations globally
• Took a toll on economy of various countries
• Caused sudden and drastic downturn in economic activity
• Disrupted agriculture, fisheries, dairy, and other sectors
• Caused loss of employment and financial crisis
• Supply impacts were further compounded owing to reduced disposable income
• Emergence of variants continue to cause concerns and impact normal routines

Automotive Segment to Dominate Other End-use Segments in Terms of Revenue Share:

Automotive segment is expected to account for a significantly large revenue share over the forecast period attributable to increasing application of 3D printing in automotive sector to develop prototypes and manufacture components, development of more robust designs, and rising use of 3D printing to develop parts that are rarely ordered or have stopped being produced. 3D printing enables a more efficient car model design, prototyping, and seamless testing and production using industrial 3D printing software.

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Filament Segment Revenue to Drive Market Growth:

Filament segment is expected to register rapid revenue CAGR over the forecast period attributable to increasing preference for filament by 3D printing companies owing to its enhanced flexibility, development of environmentally-friendly and biodegradable 3D printing filaments, and availability of low-cost and wide assortment of colors and blends in 3D printing filaments.

Asia Pacific Market Revenue to Expand at a Robust Revenue CAGR:

Asia Pacific is expected to register robust revenue CAGR over the forecast period attributable to increasing demand for 3D printing materials from various end-use industries such as automotive, healthcare, and manufacturing, in countries such as China, India, and Japan, among others. Increasing industrialization, rapid technological advancements in manufacturing and production technologies, and rapid adoption of 3D printing in the region are some other factors expected to drive Asia Pacific market revenue growth.

Major Companies in the Market Include:

• General Electric
• Arkema S.A.
• Höganäs AB
• D Systems Corporation
• The Exone Company
• Royal Dsm N.V.
• Stratasys, Ltd.
• EOS GmbH Electro Optical Systems
• Sandvik AB
• Materialise NV
• Evonik Industries AG

Have a look at Report Description and Table of Contents of Market Report @ https://www.emergenresearch.com/industry-report/3d-printing-materials-market

For the purpose of this report, Emergen Research has segmented into the global 3D printing materials market on the basis of form, product type, application, end use, technology, and region:

Form Outlook (Revenue, USD Billion; Volume, Kilo Tons; 2017-2027)

• Powder
• Filament
• Liquid

Product Type Outlook (Revenue, USD Billion; Volume, Kilo Tons; 2017-2027)

• Plastic
• Metal
• Ceramic

End Use Outlook (Revenue, USD Billion; Volume, Kilo Tons; 2017-2027)

• Consumer electronics
• Automotive
• Medical
• Industrial
• Others

Application Outlook (Revenue, USD Billion; Volume, Kilo Tons; 2017-2027)

• Manufacturing
• Prototyping
• Others

Technology Outlook (Revenue, USD Billion; Volume, Kilo Tons; 2017-2027)

• FDM
• SLS
• SLA
• DMLS
• Others

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Regional Outlook (Revenue, USD Billion; Volume, Kilo Tons; 2017-2027)

• North America
  • U.S.
  • Canada
  • Mexico
• Europe
  • U.K.
  • Germany
  • France
  • Italy
  • BENELUX
• Asia Pacific
  • China
  • India
  • Japan
  • South Korea
  • Rest of APAC
• Latin America
  • Brazil
  • Rest of LATAM
• Middle East & Africa
  • Saudi Arabia
  • U.A.E.
  • South Africa
  • Rest of MEA

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About Emergen Research

Emergen Research is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target, and analyze consumer behavior shifts across demographics, across industries, and help clients make smarter business decisions. We offer market intelligence studies ensuring relevant and fact-based research across multiple industries, including Healthcare, Touch Points, Chemicals, Types, and Energy. We consistently update our research offerings to ensure our clients are aware of the latest trends existent in the market. Emergen Research has a strong base of experienced analysts from varied areas of expertise. Our industry experience and ability to develop a concrete solution to any research problems provides our clients with the ability to secure an edge over their respective competitors.

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