As per a recent survey by market.us according to market.us, the world three-dimensional (3D) printing materials market is expected to total US$ 17.51 Bn by 2032, in comparison to the US$ 1.62 Bn registered in 2021.

The market is witnessing an increase in 3D printing technology's adoption in various industries, such as medicine, construction, industrial, etc. This is causing the 3D Printing Materials market to grow at the rate of 24.3% CAGR during the 2022-2032 timeframe.

3D printing is a technologically advanced process that is quickly progressing in the automobile industry. This is due to its ability to mass produce and very low errors. It is now being utilized for the additive production of parts for cars, including front bumpers, suspension wishbones for suspension, battery covers, ducting, and many more.

High-performance materials are anticipated to be in high demand leading to high revenue opportunities.

North America is estimated to be the leading market in terms of regional growth at 24.3 percent CAGR over 2032. 3D printing materials are seeing more sales as a result of the increase in the use of 3D printer technology for building construction in the U.S.A and Canada.

Metals will be highly sought-after material types in the market. Between 2020 between 2021 and 2020, sales are predicted to grow 11.5 percent year-on-year (YoY). The rising demand for alloys made of cobalt-nickel as well as titanium, steel, and 3D printing due to their durability, strength, and low carbon emissions are driving growth in the market.

"Rising applications of 3D printing technology across aerospace and defense to benefit from superior quality products, reduced production times, and a decrease in labor cost is expected to boost growth in the industry," says a market.us analyst.

Segmentation:

Material

Through Application

  • Aerospace & Defense Industry

  • Automotive Sector

  • Medical

  • Consumer Goods & Industrial Sectors

  • Other Applications

The Competitive Landscape:

Key participants are focusing on using inorganic strategies like partnerships, collaborations as well as mergers, and acquisitions to enhance their market reach. Some of the players are working on launching new items and increasing their production capacity to gain a competitive edge. Consider, for instance.

Evonik Industries, a German specialty chemical manufacturer, announced in October 2021 that it was expanding its product range by making two new photopolymers suited for 3D printing: INFINAM(r] FL 6300 L and INFINAM[r] 3101L.

In the month of October 2021 Stratasys Ltd., a global leader in additive technologies, announced it was acquiring the remaining shares of Xaar 3D Ltd. from a U.K.-based firm Xaar plc. The acquisition will assist the company in expanding its reach in the 3D printing materials industry.

The key players:

  • Covestro AG

  • Arkema S.A.

  • Sandvik AB

  • Evonik Industries A.G.

  • EOS GmbH Electro Optical Systems

  • Ultimaker B.V.

  • Hoganas AB

  • The ExOne Company

  • General Electrics

  • 3D Systems Corporation

  • Materialise NV

  • Stratasys Ltd.

  • Markforged Inc.