Increasing demand for polymers in 3D printing applications and rising applications in the aerospace and defense industry are key factors driving market revenue growth
The global Printing Materials Market size was USD 1.97 Billion in 2021 and is expected to register a revenue CAGR of 23.7% over the forecast period, according to the latest report by Reports and Data. Market revenue growth is primarily driven by growing adoption of Printing Materials in the global healthcare industry.
Healthcare companies are increasingly adopting 3D printing technology for applications ranging from 3D-printed bioreactors and vasculature to surgical planning models. In addition, rising demand for personalized precision devices has led to large-scale adoption of 3D printing technology. Moreover, increasing innovations by engineers is expected to drive market revenue growth. For instance, engineers have developed a 3D printed airway splint for babies with tracheobronchomalacia, thus enabling them to live more normal lives by supporting tiny airways near lungs that could collapse as a result of this condition. Furthermore, rising implementation of 3D printing technology in the healthcare industry is expected to provide significant opportunities for market players in the future.
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Top Leading Players in The Global Printing Materials Market Are:
3D Systems, Inc., Stratasys, Arkema, Materialise, EOS, CRS Holdings, LLC., Solvay, Desktop Metal, Inc., DSM, and Ultimaker BV.
The growth of the Printing Materials market can be attributed to several factors:
- Technological advancements: The continuous development of 3D printing technologies has expanded the range of materials that can be used for printing. Initially, 3D printing was limited to plastics, but now a wide variety of materials such as metals, ceramics, composites, and even biological materials can be used. This has opened up new opportunities in industries such as aerospace, automotive, healthcare, and consumer goods.
- Increasing adoption across industries: Numerous industries are embracing 3D printing technology for various applications. For example, in aerospace, 3D printing is being used to produce lightweight components, reducing fuel consumption and improving overall performance. In healthcare, 3D printing is utilized for medical implants, prosthetics, and anatomical models. The versatility of Printing Materials makes them suitable for diverse industries, driving market growth.
- Customization and personalization: One of the key advantages of 3D printing is its ability to create customized and personalized products. Consumers and businesses are increasingly demanding products tailored to their specific requirements, and 3D printing provides a cost-effective solution for manufacturing such items. This trend is particularly noticeable in the consumer goods and jewelry industries, where personalized products are gaining popularity.
- Cost efficiency and waste reduction: 3D printing allows for precise material usage, reducing waste compared to traditional manufacturing processes. Additionally, it eliminates the need for tooling and reduces production time, resulting in cost savings for businesses. As the technology continues to improve and economies of scale are achieved, the overall cost of Printing Materials is expected to decrease, further fueling market growth.
- Growing awareness and accessibility: The increasing awareness and availability of 3D printing technology have contributed to its market growth. More companies and individuals are becoming familiar with the benefits and capabilities of 3D printing, leading to greater adoption. Furthermore, the accessibility of 3D printers and materials has improved, with a range of affordable options available for both professionals and hobbyists.
Segments covered in the report:
Type Outlook (Revenue, USD Billion; 2019-2030)
- Plastic
- Metal
- Ceramic
- Others
Form Type Outlook (Revenue, USD Billion; 2019-2030)
- Filament
- Powder
- Liquid
Technology Outlook (Revenue, USD Billion; 2019-2030)
- Fused Deposition Modeling (FDM)
- Selective Laser Sintering (SLS)
- Stereolithography (SLA)
- Direct Metal Laser Sintering (DMLS)
- Others
Application Outlook (Revenue, USD Billion; 2019-2030)
- Prototyping
- Manufacturing
- Others
End-use Outlook (Revenue, USD Billion; 2019-2030)
- Aerospace Defense
- Healthcare
- Automotive
- Consumer Goods
- Construction
- Others
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Regional Outlook:
- North America (U.S.A., Canada, Mexico)
- Europe (Italy, U.K., Germany, France, Rest of Europe)
- Asia Pacific (China, India, Japan, South Korea, Australia, Rest of APAC)
- Latin America (Chile, Brazil, Argentina, Peru, Rest of Latin America)
- Middle East Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
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