3D printing is a specific manufacturing process where an object/item is synthesized in three dimensions. This process is also recognized as additive manufacturing. 3D printing materials are special materials that can be simply manipulated by the 3D printing machines for producing desired object. Initially, the materials for instance wax and simple thermoplastics are used for 3D printing. These materials are basically used in three forms liquid, powder, and filament, in which liquid form is used widely.
As per analysis, “Global 3D Printing Materials Market 2020-2030 by Material Type, Material Form, Technology, Use Type (Commercial, Personal), Application, Industry Vertical, and Region: Trend Forecast and Growth Opportunity” the key companies operating in the global 3D printing materials market include CRP Technology Srl, EOS GmbH Electro Optical Systems, 3D Systems Corporation, BASF, DSM N.V., Arcam AB, EnvisionTEC GmbH, Arkema Group, ExOne, LPW Technology Ltd., Hoganas AB, Materialise, Formlabs Inc., LPW Technology Ltd., Mcor Technologies Ltd., Koninklijke DSM N.V., SLM Solutions GmbH, Sandvik AB, Solvay, Solidscape Inc., Shenzhen eSUN Industrial Co., Ltd, Stratasys Ltd. and among others.
Based on material type, 3D printing materials market is bifurcated as metals & metal alloys (silver, grapheme, gold, aluminum & aluminum alloys, stainless steel, titanium and other metals), plastics & polymers (nylon, Acrylonitrile Butadiene Styrene (ABS), thermoplastics, photopolymers, Polylatic Acid (PLA), Polyvinyl Alcohol (PVA), polycarbonate, polyethylene, polypropylene and others), wax, laywood, paper, biocompatible material, ceramics (glass, quartz, silica and other ceramics) and other materials. Based on form of material, market is bifurcated as filament, powder and liquid. Based on technology, market is bifurcated as binder jetting, material jetting, powder bed fusion, vat photo-polymerization (Digital Light Processing (DLP), Stereolithography (SLA) and Continuous Liquid Interface Production (CLIP)), material extrusion (Fused Filament Fabrication (FFF) and Fused Deposition Modeling (FDM)), directed energy deposition, sheet lamination, powder bed fusion (Selective Laser Sintering (SLS), Multi Jet Fusion (MJF) and Direct Metal Laser Sintering (DMLS). Based on use type, market is bifurcated as personal and commercial. Based on application, market is bifurcated as tooling, prototyping, functional part manufacturing and other applications. In addition, based on industry vertical, market is divided as industrial manufacturing, automotive, healthcare, power & energy, food & culinary, construction, aerospace & defense, consumer goods & electronics, education, and others.
The 3D printing materials market is driven by extensive acknowledgement of 3D printing technology, followed by increase in penetration of bio-based materials, mass customization associated with 3D printing, growth in usage in manufacturing applications and increase in government support for research & development. However, unfavorable conditions arising due to COVID-19 impact and high capital investment requirement may impact the market. Moreover, rise in demand from the educational sector and surge in adoption of 3D printing technology in home printing are key opportunities for market.
Based on regional analysis, the North-American region dominates the global 3D printing materials market owing to growth in healthcare industry and increase in application in aerospace across the region. The Asian-Pacific and European regions are estimated to witness higher growth rate due to presence of many major automotive manufacturers coupled with increase in need for better passenger car designs with advanced infotainment systems over the forecast period. It is anticipated that future of the global 3D printing materials market will be optimistic caused by rise in demand for higher customization in consumer, medical, automotive, aerospace, and manufacturing industries during the forecast period.
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Ankur Gupta, Head Marketing & Communications