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3D Printing Materials Market Size

Report ID: GMI1179
Published Date: Jul 2024
Report Format: PDF

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3D Printing Materials & Equipment Market Size

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.

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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.

3D Printing Materials & Equipment Market Report Attributes
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:	Technological advancements associated with 3D Printing Favorable trends associated with the automotive & aerospace sector Positive outlook of the electronics industry
Pitfalls & Challenges:	High costs associated with 3D printing equipment

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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.

Authors: Kiran Pulidindi, Manish Verma

Frequently Asked Questions (FAQ) :

Global 3D printing materials industry was valued at USD 2 billion in 2023 and is anticipated to register 10.3% CAGR between 2024 and 2032. Global printing equipment market was valued at USD 6.4 billion will register 16.2% CAGR through 2032 due to the favorable trends associated with the automotive and aerospace sector.

The metals segment in the 3D printing materials & equipment market is set to exhibit 10.6% CAGR through 2032 owing to the expanding use of metal 3D printing in high-performance industries for its strength, durability, and efficiency.

North America market is expected to reach USD 1.8 billion by 2032 attributed to the strong emphasis on technological innovation and advanced manufacturing capabilities.

Höganäs AB, SLM Solutions, 3D Systems Inc, Optomec, Concept Laser GmbH, LPW Technology Ltd, Stratasys Ltd, Royal DSM N.V, Arcam AB, EnvisionTEC GmbH, Arkema S.A, Voxeljet AG , and Solidscape Inc, among others.