3D Printing Materials Market size was over USD 3.51 billion in 2023 and is projected to exceed USD 35.19 billion by 2036, growing at over 19.4% CAGR during the forecast period i.e., between 2024-2036. In the year 2024, the industry size of 3D printing materials is assessed at USD 4.05 billion. The growth of the market can be attributed to the increasing adoption of 3D printing technology in the aerospace and automotive sector, for manufacturing complex small parts of aircrafts and vehicles. 3D printing helps designers to achieve high level of accuracy and reduce cost, which is estimated to boost its demand in the aerospace industry. In 2019, more than 1300 new passenger aircrafts were manufactured in the US alone. The increasing number of aircrafts being manufactured is estimated to boost the market growth. 3D printing technique is also being increasingly adopted in the field of education & research providing students with deeper knowledge, such as, working of mechanical parts, cross-section of organs, geographical details, and others. Growing adoption of this technique in classrooms is estimated to immensely boost the market growth.
Growth Drivers
Challenges
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Base Year |
2023 |
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Forecast Year |
2024-2036 |
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CAGR |
19.4% |
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Base Year Market Size (2023) |
USD 3.51 billion |
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Forecast Year Market Size (2036) |
USD 35.19 billion |
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Regional Scope |
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The global 3D printing materials market is segmented by type into plastic, metal, ceramic, and others, out of which, the plastic segment is anticipated to hold the largest share in the market during the forecast period, as plastic provides the ease of making prototypes, at lower cost and less material loss. Moreover, plastic is lighter, with various material options, which is why, it is being highly used for 3D printing in the manufacturing sector. On the basis of end-user, the market is segmented into construction, industrial, aerospace & defense, automotive, healthcare, education & research, and others. Out of these, the aerospace & defense segment is anticipated to hold the largest revenue share over the forecast period, owing to the requirement of precision and accuracy for the complex parts of aircrafts. Moreover, the education & research segment is estimated to gain significant growth during the forecast period, on account of increasing adoption of 3D printing in schools and colleges for better understanding and learning of the students.
Our in-depth analysis of the global 3D printing materials market includes the following segments
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By Form
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By Type |
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By End-User
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Regionally, the global 3D printing materials market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America and Middle East & Africa region. North America is estimated to dominate majority revenue share by 2036, on the back of growing aerospace and automotive sectors, which are the major end-users for 3D printing technology. Moreover, U.S. has more than 5,100 public airports. This is also expected to fuel the demand for 3D printing materials. The increasing demand for 3D printing of prototypes will raise the demand for 3D printing materials, which is estimated to boost the market growth in the region.
The 3D printing materials market in the Asia Pacific region is estimated to witness highest CAGR over the forecast period on account of growing economic development and presence of major automobile manufacturers in the region. Moreover, the growing use of 3D printing in the manufacturing industry is also estimated to encourage the market growth in the region.
June 29, 2021: Rodin Cars to collaborate with 3D Systems Inc., to use metal additive manufacturing solutions to produce parts for its upcoming hypercar, ‘the Rodin FZero’.
June 15, 2021: Stratasys launched new PolyJet 3D printing solutions that is capable of injecting superior designs.
Author Credits: Shweta Patidar
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