3D Printing Materials Market to Reach Valuation of USD 11.53 Billion by 2030 – Growth in the Usage of 3D Printing Materials in Automotive Application Drives the Market

In terms of revenue, the Global 3D Printing Materials Market is expected to reach USD 11.5 Billion by 2030, growing at a CAGR (Compound Annual Growth Rate) of 25.9% from 2023 to 2030.

The market will expand quickly due to the ongoing transition from conventional printing to 3D printing technologies. Less waste, more sophisticated designs, economic effectiveness, and improved design modification are just a few benefits of 3D printing. Furthermore, as the benefits of 3D printing technology have become more well known, businesses from a variety of industries have been drawn in. The technique is being used in the food, footwear, music, jewellery, and medical industries to produce new products more affordably. This will boost the market share of 3D Printing Materials in the next years. The market will expand quickly during the projected period as a result of the growing use of 3D-printed components in military, automotive, and aerospace applications.

Key Highlights from the Report

· The demand for 3D Printing Materials is anticipated to rise in response to a growing need from the automotive industry for the production of car interiors. Due to the lightweight nature of 3D printed parts, the overall weight of the vehicles is effectively decreased, increasing the vehicles fuel economy. For the course of the assessment period, this trend is predicted to persist.

·From among the Applications, the Automation market segment accounted for the maximum CAGR during the forecast period. This is because aircraft and cars use 3D Printing Materials in interior manufacturing applications.

· In terms of Region, China held the most significant market share in 2022 and is expected to be the most gainful market during the forecast period. This is due to the increasing product accessibility and a higher adoption rate.

Market Dynamics

The market will expand quickly due to the ongoing transition from conventional printing to 3D printing technologies. Less waste, more sophisticated designs, economic effectiveness, and improved design modification are just a few benefits of 3D printing. Furthermore, as the benefits of 3D printing technology have become more well known, businesses from a variety of industries have been drawn in. The technique is being used in the food, footwear, music, jewellery, and medical industries to produce new products more affordably. This will boost the market share of 3D Printing Materials in the next years. The market will expand quickly during the projected period because of the growing use of 3D-printed components in military, automotive, and aerospace applications.

There is an increasing need for 3D printing technology because it allows for mass customization, enhanced strength, less inventory, and decreased weight. The market for 3D Printing Materials is expanding because of the healthcare sector's rising reliance on technology. The market for 3D Printing Materials is predicted to develop as demand for dental implants increases. Government expenditures in 3D printing projects, decreased manufacturing costs and process downtime, easier development of customized products, and the creation of new industrial grade 3D Printing Materials are all driving the industry. Investments in 3D printing projects and the creation of brand-new, industrial grade 3D Printing Materials are stimulating the market. Al and ML are two recent technological advancements that are helping to increase the need for 3D printing equipment. As far as preferred technology goes, selective laser sintering has been chosen.

Sales in the market are anticipated to increase due to the continued growth of end-use industries such automotive, medical, electronics, aerospace, and industrial. Metals suitable for 3D printing include titanium, steel, cobalt-nickel alloys, aluminum, and others. The market is anticipated to grow as a result of the significant use of these metals in numerous end-use industries. Also, it is anticipated that using metal powder in the business will reduce carbon emissions, which will increase sales in the years to come. The market will continue to rise in the coming years as a result of rapid industrialization in developing nations, a rising demand for print advertising, and rising investments in the healthcare sectors. The market will grow more quickly if additive manufacturing is used more often to produce a variety of industrial parts and items. In the upcoming years, it is projected that rising technological usage in North America and East Asia would increase demand for 3D Printing Materials.

China 3D Printing Material market is expected to witness a noteworthy development with a significant growth rate over the analysis period. Many well-known players in the 3D Printing Materials business are based in this area. Local companies are introducing tailored products to satisfy customer needs. The nation is implementing 3D printing technology to build homes, businesses, and bridges. The area businesses are introducing products that meet consumer demands.

The Global 3D Printing Materials Market is Segmented as follows

• Type
  • Plastics
  • Metals
  • Ceramics
  • Other Types
• Form
  • Powder
  • Filament
  • Liquid
• Technology
  • FDM
  • SLS
  • SLA
  • DMLS
  • Other Technologies
• Application
  • Protoyping
  • Manufacturing
  • Other Applications
• End-Use Industry
  • Aerospace & Defense
  • Healthcare
  • Automotive
  • Consumer Goods
  • Construction
  • Other End-Use Industries
• Region
  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East & Africa

List of the Key Players of the Global 3D Printing Materials Market is

Hogans (Sweden), 3D Systems Corporation (U.S.), General Electric (U.S.), Arkema S.A. (France), Royal DSM N.V (Netherlands), Stratasys Ltd. (U.S.), Evonik Industries AG (Germany), EOS GmbH (Germany), Sandvik AB (Sweden), ExOne (U.S.), Arcam AB (Sweden), Materialise NV (Belgium), CRP Technology S.R.L. (Italy), Envisiontec Inc. (U.S.)

The Global 3D Printing Materials Market Scope can be Tabulated as below