Composites and Advanced Materials

According to a new market report published by Lucintel, the future of the global 3D printing materials market looks promising with opportunities in the automotive, consumer, medical, and aerospace industries. The 3D printing materials market is expected to decline in 2020 due to global economic recession led by COVID-19. However, market will witness recovery in the year 2021 and it is expected to reach an estimated $4 billion by 2025 with a CAGR of 16% to 18% from 2020 to 2025. The major drivers for this market are rapid acceptance of 3D printing technology from prototyping to final product manufacturing and reduction in manufacturing cost.

 

In this market, photopolymers, thermoplastics, metals, and ceramic materials are used in additive manufacturing. Lucintel forecasts that photopolymers will remain the largest material for 3D printing due to the increasing demand in medical, consumer electronic, and aerospace industries. The metal material for 3D printing is expected to witness the highest growth during the forecast period due to increasing demand for titanium in the aerospace & defense industry.

 

Within this market, 3D printing materials for medical industry is expected witness the highest growth during the forecast period due to increasing adoption of 3D printing in medical devices and tissue engineering products.

 

Fused deposition modeling (FDM), stereolithography (SLA)/digital light processing, selective laser sintering (SLS)/multi jet fusion, and material jetting are the major technologies used in the 3D printing industry. Fused deposition modeling will remain the largest technology segment over the forecast period due to its increasing demand in automotive and consumer end use industries. 

 

Asia Pacific is expected to witness the highest growth over the forecast period due to the growing awareness of 3D printing technology and increasing adoption of 3D printing materials in medical and dental implants.

 

Emerging trends, which have a direct impact on the dynamics of the industry, include use of bio-inks and gels in the medical industry and increasing use of composite materials. 3D Systems, Stratasys, The ExOne Company, Arcam, EOS, Voxelijet, Arkema, Hogonas, Concept Laser, and Carpenter Technologies are among the major manufacturers of 3D printing materials. 

 

Lucintel, a leading global strategic consulting and market research firm, has analyzed growth opportunities in the global 3D printing materials market by material, end use industry, technology, and region. Lucintel has prepared a comprehensive research report titled “Growth Opportunities in the Global 3D Printing Materials Market 2020-2025: Trends, Forecast, and Opportunity Analysis.” This Lucintel report serves as a catalyst for growth strategies, as it provides comprehensive data and analysis on trends, key drivers, and directions. The study includes trends and forecast for the global 3D printing materials market by material, end use industry, technology, and region as follows:

 

By Material [Volume (Tons) and $M shipment analysis from 2014 to 2025]:

By End Use Industry [Volume (Tons) and $M shipment analysis from 2014 to 2025]:

By Technology [Volume (Tons) and $M shipment analysis from 2014 to 2025]:

By Region [Volume (Tons) and $M shipment analysis from 2014 to 2025]:

This 286 page research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, click on this link https://www.lucintel.com/3d-printing-materials-market.aspx, or contact Lucintel at +1-972-636-5056 or visit us at helpdesk@lucintel.com. 

 

About Lucintel

Lucintel, the premier global Management Consulting and market research firm, creates winning strategies for growth. It offers market assessments, competitive analysis, opportunity analysis, Growth Consulting, M&A, and Due diligence services to executives and key decision makers in a variety of industries. For further information, visit www.lucintel.com.