Home > Chemicals & Materials > Advanced Materials > Functional Materials > 3D Printing Materials Market
3D Printing Materials Market size was valued at over USD 2 billion in 2023 and is expected to witness 10.3% CAGR from 2024-2032. On the other hand, the 3D Printing Equipment Market size amassed over USD 6.4 billion in 2023 and will register 16.2% CAGR during the same period.
Technological innovations have improved the accuracy, speed, and cost-effectiveness of 3D printers, making them more accessible to manufacturers and consumers. Industries, such as aerospace, automotive, healthcare, and consumer goods are increasingly adopting 3D printing to produce prototypes, tools, and end-use parts, due to its ability to reduce use-time costs and tailor products to specific needs. For example, in November 2023, KIMSHEALTH Limb Centre collaborated with Instalimb to provide free 3D-printed artificial limbs in South India.
Report Attribute | Details |
---|---|
Base Year: | 2023 |
3D Printing Materials & Equipment Market Size in 2023: | USD 2.07 Billion |
Forecast Period: | 2024 - 2032 |
Forecast Period 2024 - 2032 CAGR: | 10.3% |
2032 Value Projection: | USD 5.06 Billion |
Historical Data for: | 2021 - 2023 |
No. of Pages: | 200 |
Tables, Charts & Figures: | 273 |
Segments covered: | 3D Printing Materials, By Product, 3D Printing Materials, By End-user, 3D Printing Equipment, By Product, and Region |
Growth Drivers: |
|
Pitfalls & Challenges: |
|
The increasing demand for personalized and customized products will also influence the market growth. 3D printing is revolutionizing patient-specific medical devices, implants, and prosthetics for offering customized solutions that enhance clinical outcomes. The growing shift towards additive manufacturing in education is also driving the product uptake, as educational institutions incorporate 3D printing into their courses to equip students with useful skills for the future.
However, high initial costs and technical limitations may deter the market expansion to some degree. The capital requirements for advanced 3D printers and specialized components can be a barrier for small and medium-sized enterprises (SME) and individual users. The limited availability of resources may also hinder the efficiency of some materials.
The integration of AI & ML into 3D printing processes will favor the industry growth. AI and ML increase the productivity and accuracy of 3D printers by optimizing print parameters in real time whilst predicting, and correcting errors, and improving the workflow from design to production. For instance, in November 2023, Nexa3D introduced Nexa AI, an AI platform for its XiP Pro 3D printing system for streamlining workflow from file prep to post-processing. Sustainable and eco- friendly printing items, such as biodegradable polymers and recycled materials are also acting as raw materials in a non-conductive manner for addressing the increasing environmental concerns.
Based on product, the 3D printing materials industry size from the metals segment recorded over USD 1.4 billion in 2023 and is set to grow at 10.6% CAGR during 2024-2032 due to the expanding applications and advantages of metal additive manufacturing in high-performance industries. Metals, such as titanium, aluminum and stainless steel are increasingly used in 3D printing in aerospace, automotive and medical applications on account of their strength, durability, and light weight. The ability to produce complex geometries and reduce waste will further enhance the appeal of metal 3D printing.
Based on end user, the 3D printing materials market from the industrial segment is expected to reach USD 992.9 million by 2032 due to increasing adoption for rapid prototyping, tooling, and custom manufacturing. Industries, such as aerospace, automotive, and heavy machinery benefit from 3D printing given its ability to produce advanced prototypes and parts at high speeds for significantly reducing development time and costs. 3D printing versatile materials including advanced polymers, metals and composites also facilitate the creation of complex geometries and customized objects in comparison to traditional manufacturing methods.
North America 3D printing materials industry size was valued at USD 779.6 million in 2023 and is expected to reach over USD 1.8 billion by 2032 attributed to the strong emphasis on technological innovation and advanced manufacturing capabilities. The presence of leading technology companies and research institutes is fostering a challenging environment for the development of new 3D printing materials and techniques. The increasing adoption of 3D printing to create complex custom parts in the North American industry, coupled with an increased focus on sustainability, is driving the relentless demand for new 3D printing products across the region.
Leading 3D printing materials & equipment firms are focusing on continuous innovation by investing heavily in R&D activities to create advanced, high-performance materials and more efficient printing technologies. Strategic partnerships and collaborations with academic institutions, research institutions and industry leaders are helping them to promote innovation and expand markets.
Major players operating in the 3D printing materials & equipment industry include:
Click here to Buy Section of this Report
Market, By Product
Market, By End-user
Market, By Product
The above information is provided for the following regions and countries: