The Growing Demand for 3D Printing Materials in Consumer Electronics

 The report "3D Printing Materials Market by Type (Plastic, Metal, Ceramic), End-Use Industry (Automotive, Aerospace & Defence, Healthcare, Consumer Goods, Construction), Form (Powder, Liquid, Filament), Technology, Application and Region - Global Forecast to 2027", is expected to grow from USD  2,850.1 million in 2022 to USD  8,697.9 million by 2027, at a CAGR of 25.0% during the forecast period. The 3D printing materials market is witnessing significant growth because of the growing demand from industries such as healthcare, automotive, and aerospace & defense.

Browse in-depth TOC on "3D Printing Materials Market"

207 – Tables
54 – Figures
218 – Pages

Metals segment is expected to grow with the highest CAGR during the forecast period

Metal materials are highly useful in manufacturing components for the automotive and aerospace & defense industries. Metals are the fastest-growing type of 3D printing material owing to high demand from the healthcare, automotive, and aerospace & defense industries. Metals are available in different grades of colors and majorly consumed in the powder form. Moreover, precious metals, such as gold and silver, are normally preferred for manufacturing jewelry.

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Powder segment accounts for the second-largest market share in the global 3D printing materials market

The powder form of 3D printing materials is mainly consumed as metals and special alloys that are expensive compared to other materials. Steel, titanium, silver, gold, aluminum, copper, bronze, silica sand, and a few other materials are available in the powder form. All the metal powders are especially graded materials that can withstand high temperatures. Aerospace & defense and automotive are the major industries that use metal powders; whereas gold, one of the most expensive materials, is generally used in the jewelry and fashion design industries.

SLS segment accounts for the second-largest market share in the global 3D printing materials market

Selective laser sintering (SLS) is one of the major technologies in the 3D printing materials market that works on powder bed fusion technology. The objects created using SLS are generally made with thermoplastic powders. Nylon is one of the widely used types of plastics that are used to print 3D objects using this technology. This process is very similar to direct metal laser sintering (DMLS) because SLS also uses a thermal energy source to induce fusion between powder particles. DMLS is used to process metals, while SLS is used to create objects using thermoplastic powders. SLS is very useful in producing parts with complex geometries and good mechanical properties.

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Prototyping is the largest application of 3D printing materials

3D printing materials are mainly used in the prototyping application to showcase how the 3D-printed object looks like. The prototyping application is highly useful to increase the adoption of 3D printing across various sectors, such as automotive, aerospace & defense, healthcare, education, and construction.

Aerospace & defense industry is projected to be the largest end-use industry of the 3D printing materialss market during the forecast period

The aerospace & defense industry has a specific requirement for lightweight & high strength components, with accurate and precise designs. Metals such as stainless steel, aluminum, and titanium, are used extensively in this industry as they can withstand high temperatures and are resistant to wear & tear. Therefore, the demand for high strength materials to manufacture complex geometries is a major factor driving the growth of the 3D printing materials market in the aerospace & defense end-use industry.

North America holds the largest market share in the 3D printing materials market

North America is expected to dominate the 3D printing materials market during the forecast period due to the substantial adoption and manufacturing of products based on 3D printing technology. The increasing demand from the aerospace & defense, medical & dental, and automotive end-use industries in North America are also driving the market in the region. In addition, strong support from the governments for 3D printed goods over conventional goods and the presence of key manufacturers in the region are expected to drive the market further.

Market Players

The major players active in the market are 3D Systems Corporation (US), Stratasys (US), Arkema SA (France), Materialise NV (Belgium), Evonik Industries AG(Germany), and General Electric (US). These players are adopting the strategies of new product launches, expansions, and agreements to maintain their competitive position in the 3D printing materials market.

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General Electric is one of the leading players in the 3D printing materials market worldwide. The company offers its 3D printing materials through the GE Additive business division. General Electric provides additive manufacturing solutions under its Aviation segment. It offers various 3D printing metals to the aerospace, medical, dental, and automotive end-use industries. GE Additive acquired multiple companies working in the 3D printing ecosystem, such as Concept Laser, Arcam AB, and AP&C, to expand its presence in the additive manufacturing domain. The operations of General Electric are spread across Europe, North America, Latin America, and Asia Pacific. General Electric has a large sales force and third-party distributors, which helps the company operate its business across the globe.

EOS GmbH, founded in 1989, is the world's leading technology supplier in the industrial 3D printing of metals and polymers. The company is a pioneer and innovator in additive manufacturing. When understanding the interaction between laser and powder materials, EOS is unrivaled in its field and offers all key elements from a single source. Systems, materials, and process parameters are intelligently designed to work together to ensure the highest possible component quality. EOS GmbH designs and manufactures integrated e-manufacturing solutions for additive manufacturing. The company offers a wide range of plastic and metal materials for additive manufacturing. It offers its services to various end-use industries, including aerospace, lifestyle, medical, industrial, and automotive. Its direct metal laser sintering (DMLS) technology is widely used by the leading manufacturers in the aerospace & defense industry. The company has a wide presence across various regions including North America, Europe, Latin America, Asia Pacific, and Middle East & Africa.

Materialise NV is a leading provider of 3D printing materials and solutions. It provides prototyping, medical, and dental 3D printing solutions. Materialise NV also offers 3D printing software and 20 different materials through its Belgium-based subsidiary. It enables users to design their products online. Materialise NV provides products and services for the engineering, medical, and consumer industries. The company is working in close partnership with the major suppliers of 3D printing materials and printers to provide new solutions in the 3D printing space through its segments such as software, medical, and manufacturing. With the expansion of the AM Metal market, Materialise NV acquired ACTech in Germany to extend the company's metal capabilities, with a specific emphasis on the low-volume production of highly complex metal parts. The acquisition also enabled Materialise to develop and improve its software suite for metal 3D printing.