3D Printing Materials Market Size To Reach USD 7,823.1 Million In 2028 | Rising Demand For 3D Printing Technology From Aerospace & Defense And Automotive Industries Is Expected To Drive Market Revenue Growth - Reports And Data

NEW YORK, Feb. 1, 2022 /PRNewswire/ -- The global 3D printing materials market size is expected to reach USD 7,823.1 Million in 2028 and register a revenue CAGR of 21.5% over the forecast period, according to latest report by Reports and Data. Rising demand for 3D printing technology from aerospace & defense and automotive industries for production of intricate components and parts is expected to drive market revenue growth. Several materials, including plastic, metals, and ceramics, are being used at present for printing of various products based on requirements.

Growth of 3D printing could have a large impact on the environment. By making only the bare structural necessities of various products, 3D printing can make a huge contribution to light weighting, which in turn, can reduce energy consumption and greenhouse gas emissions of vehicles and other forms of transportation. A case study on an airplane component made using 3D printing found that use of the component saves 63% of energy and significantly reduces carbon dioxide emissions over the course of the product's lifetime.

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Some Key Highlights from the Report

• By technology, the electron beam melting (EBM) segment accounted for largest market revenue share in 2020. It is mainly attributed to cost-efficient manufacturing of metal parts for high-end prototyping and small series production, and rapid use of the technology to manufacture lightweight components, such as 3D printed turbine blades for jet engines. Fused deposition modeling segment revenue is expected to grow at a faster CAGR during the forecast period.
• By end-use, the healthcare segment accounted for largest market revenue share in 2020, which can be attributed to rising demand for personalized and precision medicine and increased adoption of 3D printing technology for applications ranging from surgical planning models to 3D-printed vasculature and bioreactors.
• By form type, the filament segment accounted for largest market revenue share in 2020. This can be attributed to distinct properties and high melting temperature of filaments, which are used for manufacturing props, jigs & fixtures, toys, assembly parts, and educational models. Powder segment revenue is expected to grow at the fastest rate over the forecast period.

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• In November 2021, 3D Systems announced a host of innovations designed to enhance customer success and catalyze industries. Introduction of high throughput 3D printing technologies, industry-leading post-processing, improved additive manufacturing software, a new production-grade photopolymer, and inclusion of expertise of its Application Innovation Group can help defy limitations of advanced additive manufacturing performance and productivity in healthcare and industrial markets and thus, help customers.
• Companies profiled in the global market report include General Electric, 3D Systems Corporation, Hoganas AB, Stratasys Ltd., Royal DSM N.V., Arkema S.A., EOS GmbH Electro Optical Systems, Evonik Industries AG., Solvay, ExOne, LPW Technology Ltd., and Clariant.

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For this report, Reports and Data has segmented the 3D printing materials market on the basis of type, technology, end-use, form type, application, and region:

• Type Outlook (Revenue, USD Million; 2018–2028)
• Plastic
• Metal
• Ceramic
• Others
• End-Use Outlook (Revenue, USD Million; 2018–2028)
• Aerospace & Defense
• Healthcare
• Automotive
• Consumer Goods
• Construction
• Others
• Form Type Outlook (Revenue, USD Million; 2018–2028)
• Filament
• Powder
• Liquid
• Technology Outlook (Revenue, USD Million; 2018–2028)
• FDM
• SLS
• SLA
• DMLS
• Others
• Application Outlook (Revenue, USD Million; 2018–2028)
• Prototyping
• Manufacturing
• Others

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• Regional Outlook (Revenue, USD Million; 2018–2028)
• North America
     a.  U.S.
     b.  Canada
     c.  Mexico
• Europe
     a.  Germany
     b.  U.K.
     c.  France
     d.  Italy
     e.  Spain
     f.  Sweden
     g.  BENELUX
     h.  Rest of Europe
• Asia-Pacific
     a.  China
     b.  India
     c.  Japan
     d.  South Korea
     e.  Rest of APAC
• Latin America
     a.  Brazil
     b.  Rest of LATAM
• Middle East & Africa
     a.  Saudi Arabia
     b.  UAE
     c.  South Africa
     d.  Israel
     e.  Rest of MEA

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