3D Printing Materials Market Analysis

3D Printing Materials & Equipment Market Analysis

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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.