Fact.MR: Outlook on 3D Printing Materials Market

The 3D printing materials market is growing due to increasing demand from the healthcare, automotive, and other industries, according to market research company Fact.MR. By the end of 2021, the market is slated to reach a value of US$ 1.3 Bn. In the forthcoming decade, the fused filament fabrication technology will account for 31% of the global 3D printing materials market.

The global 3D printing materials market is anticipated to exceed a valuation of around US$ 13.2 Bn by 2031, expected to expand at an impressive CAGR of around 26% over the forecast period of 2021 to 2031. By 2021-end, the market is expected to be valued at US$ 1.3 Bn.

From 2016 to 2020, the industry experienced stellar growth, clocking a CAGR of 21%. Prospects widened considerably with the onset of the COVID-19 pandemic. The broad applications of 3D printing applications to counter COVID-19 includes PPE, medical and testing devices, personal accessories, visualization aids and emergency dwellings.

There has been immense growth in demand for 3D printing materials, especially in the health care industry, where they are used for creating artificial organs such as kidney cells, human liver and other human organs for transplanting. Furthermore, recent developments in the printing material coupled with government favouring policies are anticipated to drive more demand for 3D printing materials market.

Key Takeaways from the Market Study

• North America likely to generate absolute opportunity worth US$ 3 Bn by 2031
• Asia to be the largest market, capturing 38% revenue share until 2031
• In terms of form, filament holds around 41% of the overall market share in 2021.
• In terms of technology, fused filament fabrication is estimated to accounting for 31% market share in 2021
• Filament 3D printing materials to hold major sway, accounting for over 2 out of 5 sales
• By vertical, automotive applications comprised over 3/10th revenue share in 2020

“Scientific instrumentation stands as an untapped vertical for 3D printing material market. These materials can be used for a variety of applications, catering to biological and mechanical lab components production,” says a senior analyst.

Competitive Landscape

Some of the key players in the market include 3D Systems Corporation, Arkema S.A., Royal DSM N.V., The Exone Company, Stratasys Ltd., General Electric, Materialize NV, Sandvik AB, Hoganas AB, Evonik Industries AG, Voxeljet AG, Markforged Inc., SLM Solutions Group AG, Impossible Objects, Inc., LPW Technology Ltd., Envisiontec, Inc., Carbon, BASF New Business GmbH, and Eco-Industrial Co. Ltd.

• In 2021, 3D Systems Corporation engaged in a long-term partnership with Sauber Motorsports AS for building a high production in-house factory to support the wind tunnel operations that were enabled by 3D System solutions. The company provided 3D printing material for high-quality parts of Sauber for aerodynamic model iterations.
• In April 2021, Stratasys Ltd. introduced three new 3D printers that together address a large portion of the multibillion-dollar market opportunity in additive manufacturing of end-use parts. The systems collectively are aimed at accelerating the shift from traditional to additive manufacturing for low-to-mid-volume production applications underserved by traditional manufacturing methods.

Read the full Report at Fact.MR’s website.