COVID-19 has impacted 3D printing materials market negatively. The demand for such materials has been declined to a great extent across various industries such as automotive, construction, aerospace and defense etc. These industries were shutdown due to lockdown imposed by government across various regions. The supply chain has been disrupted due travel restrictions and international border closer. This industry is likely to experience sluggish growth post COVID-19.
For more details, visit: Global 3D Printing Material Market By Type (Ceramics, Metals, Others), By Application (Prototyping, Manufacturing, Other), By End User (Automotive, Aerospace and Defense, Others), By Region– Forecast & Opportunities to 2026
The 3D printing has been adopted by various industries such as automotive, defense and aircraft etc. The 3D printing is used to produce complex parts and helps in creating parts with lower cost and at most feasibility. These types of materials are used for producing products such as jigs, wings and engine parts. Thus, many manufacturers prefer this for producing various parts and this drives growth in 3D printing material market.
On the basis of type, the 3D printing material market is segmented into ceramics, metals and plastics. The plastics segmented accounted for largest market share of 45% in 2018. The high demand for plastics segment has driven growth in this segment. However the ceramics segment is estimated to register at highest CAGR of XX% during forecast period. The demand from various industries for ceramic material is rising rapidly. It provides high accuracy with lower cost. This is likely to drive growth during forecast period.
On the basis of application, the 3D printing material market is segmented into prototyping, manufacturing and R&D. The manufacturing segment is estimated to hold largest market share during forecast period. The industries such as healthcare, defense, automotive and aerospace prefer 3D printing material for mass manufacturing of lighter and complex products across the globe. Mobile cases, toys, wings mirrors and other complex products are manufactured using 3d printing method. The adoption of 3D printing by various industries for mass production is likely to drive growth in manufacturing segment during forecast period.
On the basis of endues, the 3D printing material market is segmented into automotive, healthcare, construction, aerospace & defense, consumer goods and others. The healthcare industry is estimated to be the fastest growing end-use industry during forecast period. Medical products such as prosthetics, surgical equipments, implants and issue engineering products are being manufactured using 3D printing methods. The dental and orthopedic equipments are also manufactured using 3D printing technology. This high adoption for producing various healthcare products is likely to drive growth in this segment during forecast period.
North America is estimated to hold highest market share during forecast period. The demand for 3D printing material is increasing and the adoption of such materials is also rising rapidly across this region. Various industries such as automotive, defense and healthcare industries in North America are responsible for high consumption such materials. This higher adoption and demand of 3D printing materials is likely to drive growth during forecast period.
The key market players in 3D printing materials market are 3D Systems Corporation, Royal DSM N.V., Arkema S.A., Stratasys Ltd., General Electric, Materialise NV, Sandvik AB, Hoganas AB, Evonik Industries AG, Markforged Inc., Impossible Objects, LPW Technology Ltd and Voxeljet AG.
- What are the expected industry trends over the next three to five years?
- Which of the 3D printing materials type is likely to lead by 2025?
- Which of the end-user segments is expected to have the maximum potential to during the forecast period?
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- What are different organic and inorganic strategies implemented by companies to gain increased market share?