Research Nester published a report titled “3D Printing Materials Market: Global Demand Analysis & Opportunity Outlook 2033” which delivers detailed overview of the global 3D printing materials market in terms of market segmentation by type, end-user, form, and by region.
Further, for the in-depth analysis, the report encompasses the industry growth indicators, restraints, supply and demand risk, along with detailed discussion on current and future market trends that are associated with the growth of the market.
The global 3D printing materials market is estimated to grow with a CAGR of ~24% over the forecast period, i.e., 2023 – 2033. The market is segmented by end-user into automotive, healthcare, aerospace & defense, consumer goods, and construction.
Amongst these, the aerospace & defense segment is anticipated to hold a notable share in the global market on account of the rising utilization of 3D printing materials in the production of engine parts and small objects such as wings, jigs, and armrests. It is observed that 3D printing is used in aerospace & defense at a rate of 43% in repair and manufacturing, 40% in research and development, 35% in production parts, 33% in jigs, fixtures, and tooling, and 30% in bridge production.
The global 3D printing materials market is anticipated to garner a revenue of ~USD 6 billion by the end of 2033, from revenue of ~USD 2 billion in the year 2022. The market is expected to grow on account of the growing polymers demand for 3D printing across the world. In 2021, the imported value of prepolymers and polymers was worth USD 5,966,410.
Geographically, the global 3D printing materials market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa region, out of which the market in North America is projected to hold the highest market share during the forecast period owing to increasing penetration and adoption of lightweight vehicles.
The research is global in nature and covers detailed analysis on the market in North America (U.S., Canada), Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC [Finland, Sweden, Norway, Denmark], Poland, Turkey, Russia, Rest of Europe), Latin America (Brazil, Mexico, Argentina, Rest of Latin America), Asia-Pacific (China, India, Japan, South Korea, Indonesia, Singapore, Malaysia, Australia, New Zealand, Rest of Asia-Pacific), Middle East and Africa (Israel, GCC [Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman], North Africa, South Africa, Rest of Middle East and Africa).
In addition, analysis comprising market size, Y-O-Y growth & opportunity analysis, market players’ competitive study, investment opportunities, demand for future outlook etc. has also been covered and displayed in the research report.
Elevating Concern Over Use of Plastic to Drive Market Growth
Plastic production across the world is increasing with the growing population. Also, with an increase in disposable income, more plastic is used and thrown across the world. Moreover, only 95 of all this plastic is recycled and the remaining is left mismanaged. To overcome this, the adoption of 3D printing is increasing which is anticipated to fuel the market growth.
However, expensive 3D printing technology and a lack of experts in the field are expected to operate as key restraints to the growth of the global 3D printing materials market over the forecast period.
This report also provides the existing competitive scenario of some of the key players of the global 3D printing materials market which includes company profiling of Arkema Group, Koninklijke DSM N.V., ExOne Operating, LLC, Stratasys Ltd, General Electric Company, Materialize NV, Sandvik AB, Hoganas AB, Evonik Industries AG, and Voxeljet AG. The profiling enfolds key information of the companies which encompasses business overview, products and services, key financials and recent news and developments. On the whole, the report depicts detailed overview of the global 3D printing materials market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.