The 3D printing materials market is projected to reach $1,365.6 million by 2023. The rising need for 3D printing is attributed to the growing adoption of additive manufacturing in different industries such as automotive, aerospace and defense, and construction. Moreover, the growth of the market is also assisted by the supportive government policies, and funding in research and development in the field of 3D printing technology.
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Based on type, the 3D printing materials market has been categorized into plastics, metals, ceramics, and others (including wood and stone, sand, marble, waxes, and edible materials). In terms of volume, plastics held the largest share, accounting for more than 40.0% share of the market in 2017.
Based on application, the 3D printing materials market has been categorized into aerospace and defense, medical and dental, automotive, consumer goods, and others (including fashion, electronics, art and sculpture, jewelry, food, and architecture). Aerospace and defense contributed more than 35.0% revenue in the market in 2017.
Polymers are the most common type of materials used for 3D printing, however, new materials are coming into the 3D printing materials market, such as paper and organic tissues, are providing the new opportunities to the market players. The development of new materials will allow industry players to explore new products and encourage new products development for use in other sectors such as electronics.
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Some of the major players operating in the global 3D printing materials market are Stratasys Ltd., 3D Systems Corporation, The ExOne Company, EOS GmbH Electro Optical Systems, Koninklijke DSM N.V., Arkema Group, CRP Technology Srl, EnvisionTEC GmbH, LPW Technology Ltd., Solidscape Inc., and Formlabs Inc.
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