3D Printing Material Market

• The growing use of 3D printing materials in various industries drives market growth.

Market CAGR for 3D printing materials is driven by the growing use of 3D printing materials in various industries. The rising demand from end users’ industries is one of the factors driving the 3D printing materials market. As 3D-printed parts become more prevalent in the military, automobile, and aerospace industries, the 3D printing materials market is anticipated to grow. For producing parts with complex patterns, 3D printing technology has shown to be incredibly useful. Designers can easily and affordably produce complex pieces with the help of 3D printing. The elements mentioned above should accelerate market expansion.

Additionally, With the aid of innovation in 3D printing, several automotive companies are prioritizing growth plans to distinguish themselves in the future. In reality, they are employed to create prototypes for intricate geometrical components, and low-volume runs that cut down on component manufacturing time. However, 3D printing technology is becoming more widely used by enterprises worldwide to speed up production, improve product quality, and lower labor costs. COVID-19 has had a negative impact on several economies worldwide and on the market for 3D printing materials.

However, the market for 3D printing materials was least affected by the healthcare industry due to a spike in the need for medical supplies and devices for COVID-19 treatment.

There are several prospects for 3D printing companies and producers due to using 3D printing materials to produce medical supplies and personal protective equipment during the pandemic. Due to the growing demand from the international commercial and medical industries, the market for 3D printing materials is predicted to recover significantly. Hospitals and medical organizations increasingly need 3D printers and sustainable printing materials to create masks, face shields, syringe pumps, and respirator valves. For instance, to establish India as a center for innovation and creation on an international level, the Indian government released a national advanced manufacturing strategy.

The strategic goal is to bring close to USD 3 billion to GDP in three years by establishing 100 new start-ups, 500 additive manufacturing goods, and 50 Indian additive manufacturing methods on material, technology, process, and software. Therefore, the market for 3D printing materials is driven by numerous government initiatives aimed at increasing GDP, advancing education, and advancing technology. As a result, it is anticipated that demand for 3D printing materials will increase throughout the projection period due to rising industrialization. Thus, driving the 3D Printing Materials market revenue.

The four main product lines of Kings 3D, a Chinese manufacturer of 3D printers, are metal 3D printing (metal binder jetting and metal PBF), five-axis additive and subtractive manufacturing (hybrid DED), high-speed line forming (HSLA), and arc additive manufacturing.

In 2024, the company released a number of new products. At a special ceremony held at the company's Zhuhai production location, Kings 3D presented four new 3D printers that are based on four different product lines. The latest products from Kings 3D include the five-axis CNC machine tool, LASERADD-600; an arc additive manufacturing system, DED-A800; and a metal powder 3D printing system, BJ-M400-A, which uses metal binder jetting technology.

Sustainability is becoming a pivotal driver within the Global 3D Printing Materials Market Industry. As industries strive to reduce their carbon footprint, 3D printing presents an eco-friendly alternative to traditional manufacturing methods. The ability to utilize recycled materials and reduce waste during production aligns with global sustainability goals. Companies are increasingly adopting 3D printing to create products with lower environmental impact, which may lead to a more sustainable manufacturing landscape. This shift towards greener practices is expected to bolster market growth, as consumers and businesses alike prioritize sustainability in their purchasing decisions.

The Global 3D Printing Materials Market Industry is experiencing a surge in demand for customized products across various sectors, including aerospace, automotive, and healthcare. This trend is driven by the ability of 3D printing to produce tailored solutions that meet specific customer requirements. For instance, in the aerospace sector, companies are utilizing 3D printing to create lightweight components that enhance fuel efficiency. As a result, the market is projected to reach 4.1 USD Billion in 2024, reflecting a growing inclination towards personalized manufacturing processes.

Innovations in material science are significantly influencing the Global 3D Printing Materials Market Industry. The development of new materials, such as advanced polymers and metal alloys, enhances the capabilities of 3D printing technologies. These materials offer improved mechanical properties, durability, and thermal resistance, making them suitable for a wider range of applications. For example, the introduction of bio-compatible materials has opened new avenues in the medical field, enabling the production of prosthetics and implants. This evolution in material offerings is likely to contribute to the market's growth trajectory, with projections indicating a rise to 25.3 USD Billion by 2035.

The Global 3D Printing Materials Market Industry is benefiting from the cost efficiency and reduced lead times associated with additive manufacturing. By minimizing material waste and streamlining production processes, 3D printing allows companies to lower their operational costs. Furthermore, the ability to produce parts on-demand significantly shortens lead times, enabling faster product development cycles. This efficiency is particularly advantageous in industries such as automotive and consumer goods, where rapid prototyping is essential. As a result, the market is anticipated to grow at a compound annual growth rate of 18.01% from 2025 to 2035, driven by these economic advantages.

Investment in research and development is a crucial factor propelling the Global 3D Printing Materials Market Industry forward. Companies and governments are allocating substantial resources to explore new applications and improve existing technologies. This focus on innovation is fostering the creation of advanced materials and enhancing the overall performance of 3D printing systems. For instance, collaborative efforts between academic institutions and industry leaders are yielding breakthroughs in material properties and printing techniques. Such investments are likely to sustain the momentum of market growth, ensuring that the industry remains at the forefront of technological advancements.

By Region, the study provides market insights into North America, Europe, Asia-Pacific, and the Rest of the World. The Asia-Pacific region will dominate the 3D Printing Materials market, owing to the government's heavy investments in infrastructural development. Further, the major countries studied in the market report are The U.S., Canada, German, France, the UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil.

Figure 2:  Share 3D Printing Materials Market by Region 2022 (%)

Source: Secondary Research, Primary Research, Market Research Future Database, and Analyst Review

North American 3D Printing Materials market accounts for the second-largest market share due to the availability of raw materials in abundance and industrialization in this Region. Further, the US 3D Printing Materials market and the Canada 3D Printing Materials market are expected to grow significantly in the European Region. The Europe 3D Printing Materials Market is anticipated to grow significantly during the projected period. This is due to demand from end-use industries adapting 3D printing technology.

Moreover, Germany 3D Printing Materials market dominates the market share, and the UK 3D Printing Materials market is expected to grow steadily in the Asia-Pacific region. For instance, the growing demand for 3D printing material can be seen in the Middle East, Africa, and Latin America. It is predicted that the Middle East, Africa, and Latin American markets will expand significantly throughout the projection period due to technological advancements and the increased demand for automobiles in these nations.

Leading market players are investing heavily in research and development to introduce new products, which will help the 3D Printing Materials market to expand further. Market participants are also undertaking strategic approaches, whether organic or inorganic, to strengthen their footprint, with important market developments including product line add-ons, contacts & partnerships, mergers and acquisitions, Capex, and strategic alliances with other organizations.

The 3D Printing Materials industry must offer cost-effective solutions and products to compete in a fragmented market. Manufacturing locally to minimize operational expenses is one of the key business tactics organizations use in the 3D Printing Materials industry to benefit consumers and capture a major market share. The 3D Printing Materials industry has recently offered significant advantages to industrialization and urbanization.

Major players in the 3D Printing Materials market, including Arkema S.A., Koninklijke DSM N.V., ExOne, Stratasys, Ltd., Sandvik AB, 3D Systems, Inc., Höganäs AB, Evonik Industries AG, CeramTec GmbH, SABIC, BASF SE, DuPont, and Materialise NV, are attempting to fulfill market demands by investing in research and development through cost-effective and sustainable products. An international leader in high-tech engineering, Sandvik offers services to the infrastructure, mining, and manufacturing sectors that improve productivity, profitability, and sustainability. The group had over 40,000 workers, sales in 150 countries, and revenues of SEK 112 billion in 2022.

They have made major investments in technological Advancement, customer insights, and a comprehensive understanding of manufacturing procedures and digital solutions. As a result, our portfolio spans the whole customer value chain.

In August 2022, an agreement was reached and concluded by Sandvik to purchase 10% of the stock holdings in Sphinx Tools Ltd., situated in Swartzland, and its fully owned subsidiary Sphinx Tools. Most of the tools offered by Sphinx are surgical cutting tools and precision solid round tools. The aerospace, automotive, and healthcare industries account for most customers. Sandvik Coromant, a section of Sandvik Manufacturing and Machining Solutions, is anticipated to cover the business. Engineering firm Sauber Motorsports AG is based in Switzerland.

Peter Sauber, who advanced via hill climbing and the World Sportscar Championship to enter Formula One in 1993, created this company in 1970. Alfa Romeo Racing is the new name of Sauber Motorsport AG's Formula One racing team, previously known by the same name from 1993 until 2018. In April 2021, to assist with the wind tunnel's operations made possible by 3D system solutions, the 3D systems corporation built a high-production internal factory in partnership with Sauber Motorsports AS over an extended period.

The business supplied high-quality Sauber parts for 3D printing iterations of aerodynamic models. By 2024, TCT has been talking to some of the businesses that have participated in every event throughout its first ten years as TCT Asia 2024 draws near. Among those businesses is Polymaker, a global creator of 3D printing materials based on extrusion. The debut of PolyDryer, our new modular filament drying and storage device, is the exciting announcement. The product is made up of a drying unit and an airtight storage box.

This implies that you only need one dry dock and can install as many boxes as you require. In addition to launching this product, we will showcase pellet printing and our entire material application spectrum.