As per the report published by Fact.MR, 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.
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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
“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 Fact.MR analyst.
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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.
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Fact.MR, in its new offering, presents an unbiased analysis of the global 3D printing materials, presenting historical demand data (2016-2020) and forecast statistics for the period of 2021-2031.
The study reveals essential insights on the basis of form (powder, filament and liquid), technology (fused filament fabrication, selective laser sintering, stereolithographic, direct metal laser sintering and others), type (plastic, metal, ceramic and others), application (prototyping, manufacturing and R&D) and vertical (automotive, aerospace & defence, healthcare, consumer goods, construction and others) across seven regions (North America, Latin America, Europe, South Asia, East Asia, Oceania and Middle East & Africa).
The 3D Printing Materials Market report answers important questions which include:
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