3D Printing Materials Market Size to surpass 18%+ CAGR up to 2028

By Sachin Pashte  | Date: November 02, 2022

3D Printing Materials Market Size to surpass 18%+ CAGR up to 2028

Market Study Report has added a new report on 3D Printing Materials market with respect to the pivotal drivers influencing the revenue graph of this business sphere. The current trends of 3D Printing Materials market in conjunction with the geographical landscape, demand spectrum, remuneration scale, and growth graph of this vertical have also been included in this report.

Global 3D Printing Materials Market Analysis and Forecast 2019-2028 The global 3D printing material market is estimated to witness a robust growth rate of over 18% during the forecast period.

The market growth is attributed to the favorable government support for research and development across sectors, significant growth in additive manufacturing, mass customization associated with 3D printing, and usage of 3D printing technology in manufacturing applications.

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 Moreover, other factors driving the market growth include rapid industrialization in developing nations, growing demand for print advertising, and increased investments in the healthcare sector. Furthermore, the market growth is supported by the increased use of additive manufacturing to fabricate various industrial parts and items in the forthcoming years.

Market Segmentation

The global 3D printing market has been analyzed on the basis of material type, form, industry, and region. Based on material type, the market is segmented into plastic, metals, and others. Among these, the plastic segment is estimated to hold a prominent share in the market. Based on form, the market is segmented into liquid, powder, and filament.

Further, on the basis of industry, the market covers the analysis of aerospace & defense, automotive, industrial manufacturing, healthcare & medical, and others. Geographically, the market is analyzed into North America, Western Europe, Eastern Europe, Asia Pacific, Latin America, and Middle East & Africa. North America is estimated to hold a prominent share in the market.

Market Structure and Competition Landscape

The global 3D printing material market is consolidated in nature with the presence of a few key players holding the major share in the market. Some of the prominent players that contribute significantly to the market include 3D Systems Corporation, Stratasys Ltd., Evonik Industries AG, Arkema SA, Materialise NV, General Electric Company, The ExOne Company, Hoganas AB, and Royal DSM N.V. among others.

These players adopt various strategies including acquisition, product development and innovation in order to reinforce their market share and gain a competitive edge over other competitors in the market. Some of the key developments in the

global 3D printing material market include:

•           In October 2021, Stratasys Ltd. acquired the remaining shares of Xaar 3D Ltd., which is expected to aid the company's growth in the sector of 3D printing materials.

•           In October 2021, Evonik Industries created two new photopolymers for 3D printing, namely, INFINIUM RG 3101 L and INFINIUM FL 6300 L. This recently announced product line of synthetic resins is suitable for use in standard photopolymer 3D printing techniques such as Stereolithography (SLA) or Digital Light Processing (DLP).

FAQs –

What is the estimated growth rate for the 3D Printing Materials market through 2028?

What are the most important segments of the 3D Printing Materials market?

What are the different types of applications in the 3D Printing Materials market?

What is the geographic scope of the 3D Printing Materials market?

For more details on this report: https://www.marketstudyreport.com/reports/global-3d-printing-materials-market-trends-analysis-and-forecast-2019-2028

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About Author

Sachin Pashte     ibmag.com

Sachin Pashte

Sachin is into market research and web marketing since the last 2 years and has worked on multiple projects across various industries. He has expertise in writing promotional content for market research reports while his personal interests include the games of footbal...

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