3D Printing Materials Market Size

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.