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Global 3D Printing Materials Market to Grow at a CAGR of 23.1% During 2021-2026, Aided by the Growing Demand for Additive Manufacturing

According to a new report by EMR titled, ‘Global 3D Printing Materials Market Report and Forecast 2021-2026’, the global market for 3D printing materials attained a value of about USD 1.3 billion in 2020. The industry is further expected to grow at a CAGR of 23.1% in the forecast period of 2021-2026 to reach a value of approximately USD 1.6 billion by 2026.

The market growth of 3D printing materials is being aided by the increasing demand for additive manufacturing in various industries like automotive and medical, among others. The increasing mainstreamness of 3D printing owing to their cost-effectiveness and high productivity is also escalating the use of 3D printing materials, which is augmenting the market growth. Moreover, the rising demand for innovative materials for 3D printing is estimated to propel the market growth. The growing accessibility of innovative materials for 3D printing is also predicted to drive the growth of the market. In addition, the cost-effectiveness and enhanced reliability of innovative materials are projected to surge their demand, which is anticipated to fuel the market growth.

3D Systems Corporation (NYSE: DDD), one of the leading companies in the market, announced several innovations for its plastic materials portfolio in June 2020. The materials include Accura Fidelity, Figure-4 RUBBER- 65A BLK, Accura Patch, Figure 4 JEWEL MASTER GRY, and Accura Bond to enhance production applications. The products are engineered to deliver high-performing materials to bolster the accuracy, repeatability, and economic results and boost productivity during manufacturing. The products are designed for specific demands for industrial use. They are engineered for long-term environmental stability and address consumers’ demands, such as high production performance and excellent mechanical properties. Moreover, they improve the post-processing of investment casting processes while enabling the rapid creation of medium to large, easy-to-handle, and lightweight casting patterns to boost casting yields. Such innovative products are propelling the growth of the market.

Market Analysis by Type, Form, End-User, Application, and Region:

  • The market, on the basis of type, can be divided into polymers, metals, plastic, and ceramic, among others.
  • Based on form, the industry can be divided into powder, filament, and liquid.
  • By end-user, the market is classified into automotive, aerospace and defence, consumer products, industrial, healthcare, and education and research, among others.
  • The major applications of 3D printing materials include prototyping and manufacturing, among others.
  • The regional markets for 3D printing materials include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

Key Findings of the Report:

  • The increasing demand for 3D printing technology in the healthcare sector for the manufacturing of customisable, innovative, and biocompatible medical-grade products is augmenting the market growth.
  • The market is being aided by the growing demand for 3D printing materials by original equipment manufacturers (OEM) of the aerospace industry.
  • The increasing demand for 3D printing materials for both prototyping and manufacturing components of automobiles in the automotive sector is driving the industry growth.
  • The development of advanced and innovative 3D printing materials for high-end applications is expected to propel the market growth.

Key Offerings of the Report:

  • The EMR report gives an overview of the global market for 3D printing materials for the periods (2016-2020) and (2021-2026).
  • The report also offers the historical (2016-2020) and forecast (2021-2026) markets for the types, forms, end-users, applications, and major regions of 3D printing materials.
  • It assesses the regional price trends for the (2016-2020) and (2021-2026) periods.
  • The report analyses the market dynamics, covering the key demand and price indicators in the market, along with an assessment of the SWOT and Porter’s Five Forces models.

The major players in the global 3D printing materials market are 3D Systems Corporation, Evonik Industries AG, The ExOne Co., EOS GmbH, and BASF SE, among others. The comprehensive report by EMR looks into the market share, capacity, and latest developments like mergers and acquisitions, plant turnarounds, and capacity expansions of the major players.

About Us:

Expert Market Research (EMR) is a leading market research and business intelligence company, ensuring its clients remain at the vanguard of their industries by providing them with exhaustive and actionable market data through its syndicated and custom market reports, covering over 15 major industry domains. The company's expansive and ever-growing database of reports, which are constantly updated, includes reports from industry verticals like chemicals and materials, food and beverages, energy and mining, technology and media, consumer goods, pharmaceuticals, agriculture, and packaging.

EMR leverages its state-of-the-art technological and analytical tools, along with the expertise of its highly skilled team of over 100 analysts and more than 3000 consultants, to help its clients, ranging from Fortune 1000 companies to small and medium sized enterprises, easily grasp the expansive industry data and help them in formulating market and business strategies, which ensure that they remain ahead of the curve.

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*We at Expert Market Research always thrive to give you the latest information. The numbers in the article are only indicative and may be different from the actual report.

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