Binder Jet Market Size

Binder Jet Market size is expected to cross USD 40 Billion by the end of 2036, growing at a CAGR of 10% during the forecast period, i.e., 2024-2036. In the year 2023, the industry size of binder jet was over USD 12 Billion. The growth of the market is due to a consistent move to minimize one's carbon footprint by purchasing consumer goods and production that is ecologically friendly. A few companies have started to create materials that are sustainable, recyclable, and perfect for contemporary interior design that are both scalable and eco-friendly for use in binder jets. Seventy-eight percent of consumers think sustainability matters. 55% of buyers are prepared to pay extra for environmentally conscious products.

In addition, governments all throughout the world have already started investing in 3D printing research and development, which has positively impacted the adoption and dissemination of technology. For instance, the Dutch government committed an extra USD 150 million to innovation and research in the field of 3D printing.

Frequently Asked Questions (FAQ)

Increasing advancements in nations and minimization of carbon footprints are the major factors driving the growth of the binder jet market.

The market size of binder jet is anticipated to attain a CAGR of 10% over the forecast period, i.e., 2024-2036.

The major players in the market are Proto3000 Inc., Desktop Metal Inc, GE Additive, Voxeljet AG, 3D Systems, Inc., Stratasys, Ltd., Renishaw plc., Proto Labs Inc., HP Development Company, L.P., and others.

The hardware segment is anticipated to garner the largest market size by the end of 2036 and display significant growth opportunities.

The market in the North America region is projected to hold the largest market share by the end of 2036 and provide more business opportunities in the future.

Binder Jet Market Size