Research Nester published a report titled “3D Printing Materials Market: Global Demand Analysis & Opportunity Outlook 2030” which delivers detailed overview of the global 3D printing materials market in terms of market segmentation by form, type, end-user, 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 anticipated to attain a ~15% CAGR over the forecast period, i.e., 2022-2030. The market is segmented on the basis of type into plastic, metal, ceramic, and others, out of which, the plastic segment is anticipated to hold the largest share in the market during the forecast period, on the back of easy availability, lighter weight, and low cost of plastics, along with less material loss in making prototypes. On the basis of form, the market is segmented into powder, liquid and filament, out of which the filament segment is anticipated to gain significant share during the forecast period, as plastic is available in filament form, which is the most used material for 3D printing.
The global 3D printing materials market is estimated to grow on the back of expanding application of 3D printing in various end-user industries, including, automotive, manufacturing, and education & research. Furthermore, the increasing adoption of 3D printing for making prototypes of complex parts in the aerospace & defense industry is another factor boosting the market growth. Another major growth factor for the market is the increasing use of 3D printing materials for education and research purposes, as it provides better learning and understanding of concepts for the students.
Regionally, the global 3D printing materials market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America and Middle East & Africa region. The market in the Asia Pacific region is estimated to witness the highest CAGR throughout the forecast period, on the back of technological advancement and development in countries, such as, India, Japan, and China. Moreover, the presence of various leading automobile manufacturers in Japan, and other nations is estimated to boost the market growth in the region.
Growth of Automotive and Aerospace Industry to boost the Market Growth
The aerospace and automotive industries are the primary end-users for the 3D printing technology, as it is immensely used in designing mechanical parts of the vehicles. Increasing demand for cars and aircrafts is anticipated to be one of the major growth drivers for the market. Over 200,000 aircrafts and 280 million cars were registered in the United States in 2019. Moreover, high investment for innovation in automotive sector, is another factor estimated to boost the market growth.
However, high cost associated with 3D printing is expected to operate as key restraint to the growth of 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 General Electric Company, 3D Systems, Inc., Stratasys Ltd., Materialise NV, Arkema group, Evonik Industries AG, The ExOne company, Höganäs AB, DSM, and CRP Service S.r.l. 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.