Comparing 17 vendors in 3D Printing Materials across 89 criteria.
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The 3D Printing Materials Companies Quadrant is a comprehensive industry analysis that provides valuable insights into the global market for 3D Printing Materials. This quadrant offers a detailed evaluation of key market players, technological advancements, product innovations, and emerging trends shaping the industry. MarketsandMarkets 360 Quadrants evaluated over 200 companies of which the Top 17 3D Printing Materials Companies were categorized and recognized as the quadrant leaders.
According to the U.S. Food and Drug Administration - 3D printing is a process that creates a three-dimensional object by building successive layers of raw material. Each new layer is attached to the previous one until the object is complete. Objects are produced from a digital 3D file, such as a computer-aided design (CAD) drawing or a Magnetic Resonance Image (MRI).
The technology of printing a three-dimensional (3D) object from a digital file using materials such as plastic, metal, and ceramic is called 3D printing, and the materials used are called 3D printing materials. Plastics, metals (including powders), resins, and ceramics are among the materials used in 3D printing. 3D printing materials are available in a variety of shapes and sizes. Designers and engineers prefer to create functional prototypes using 3D printing materials that have the same or similar material properties as those of the final product. Plastics are the most commonly used 3D printed materials, and they are available in filament, resin, granule, and powder forms.
The development of the latest technologies and innovative materials has enabled 3D printing to become a revolutionary technology with the ability to completely alter the dynamics of the manufacturing sector. 3D printing finds applications majorly in printing parts or objects in industries such as aerospace & defense, healthcare, consumer goods, and automotive.
The 360 Quadrant efficiently maps the 3D Printing Materials companies based on criteria such as revenue, geographic presence, growth strategies, investments, and sales strategies for the market presence of the 3D Printing Materials quadrant. While the top criteria for product footprint evaluation included Material Form (Powder, Liquid, Filament), Material Type (Plastic, Metal, Ceramic), Technology Served, Application, and End-Use Industry (Automotive, Aerospace & Defense, Healthcare, and Consumer Goods, Construction).
Key trends highlighted in 360 Quadrants:
- The global 3D printing materials market was valued at USD 2.5 billion in 2022 and is expected to reach USD 7.9 billion by 2027 at a CAGR of 25.6% during the forecasted period. This growth is attributed to the rising demand from the aerospace & defense and automotive industries.
- Based on the type, the 3D printing materials market has been classified into plastics, metals, ceramics, and others which include wax, lay wood, and bio-inks. In 2022, it was observed that the metal segment accounted for the highest share of nearly 56%. This growth is mainly attributed to the rising demand from the aerospace and defense and automotive industries. The plastics segment accounted for the second largest share in the 3D printing materials market, as plastics are being highly consumed as these materials have enhancement properties of different grades and are finding wide applicability in the healthcare and aerospace & defense industries. Other 3D printing materials are also gaining traction through usage in various end applications.
- In terms of form, the filament segment dominated the overall market in 2022 which is mainly due to the easy availability, reduced prices of 3D printers that use filaments to create 3D printed objects, and availability of multiple technologies used for printing. However, the powder segment dominated the market in terms of value, owing to the high prices of metal powder.
- Various technologies are being used to create 3D-printed objects. These include Fused Deposition Modeling (FDM), Selective Laser Sintering (SLS), Stereolithography (SLA), Direct Metal Laser Sintering (DMLS), and other technologies. It was observed FDM dominated the 3D printing materials market owing to the ease of availability and its ability to print different types of materials. DMLS technology is further expected to grow at the fastest rate because of the rising demand for metal materials.
- In terms of regional analysis, the North American market contributed the highest share of ~32.4% share in terms of value and nearly 30.9% share in terms of volume in 2022. This share can further increase because of the new 3D printing materials companies in the market. The North American market was followed by Europe accounting for ~32% in 2022. Whereas Asia Pacific market accounted for a market share of nearly 23.4% in 2022. The increasing demand from the healthcare and aerospace & defense industries is expected to drive the growth of this market in the Asia Pacific region. Further, countries like China, the US, Japan, Germany, and the UK are estimated to be some of the prime markets for 3D printing materials companies.
- The materials used in 3D printing are just as important as the printers themselves. In the past, polymers were the most commonly used materials in 3D printing, however, ceramics metals, and even biocompatible materials are now available for 3D printing. The development of new 3D printing materials is expected to help 3D printing methods expand their application areas in niche sectors such as printed electronics and energy and power industries. For instance, in February 2023, Stratasys launched a new FDA-cleared resin for dental 3D printing. TrueDent resin is a monolithic, full-color 3D printed permanent dentures solution which is designed to eliminate several barriers occurring in the dental industry.
- Composites are another rapidly emerging class of 3D printing materials and is witnessing high popularity in the aerospace and defense industries. The development of such new industrial-grade 3D printing materials is also expected to open up new growth avenues for Additive Manufacturing (AM), particularly in potential applications where the required material properties are critical. This can open up new avenues for 3D printing materials companies.
- The 3D Printing Materials Companies that dominate the market include Stratasys, 3D Systems, Inc., Materialise, and General Electric (GE), among others. These companies account for a ~32.7% share of the market. The market has been observed to be consolidated and most of these 3D printing materials companies have a strong presence in Europe. The major strategies identified in the market include investments & expansions, mergers & acquisitions, and agreements and partnerships.
- In 3D printing materials market, Stratasys and 3D Systems are considered as top 3D printing materials companies as they had a wide material offering in the 3D printing market including plastics, metals, ceramics, elastomers, resins and others for various end-use industries such as aerospace, automotive, healthcare and others. These 3D printing materials companies also spend substantially on R&D to develop materials for targeting all kinds of 3D printing technologies.
- 3D printing materials companies like General Electric, Sandvik, Höganäs, and Carpenter Technology only cater to the 3D printing metals market, but they are focused on high end industries such as aerospace and industrial goods market. On the other hand, 3D printing materials companies like Arkema and Markforged are targeting 3D high performance polymer materials such as PEKK and composite materials for high end applications.
- Other 3D printing materials companies like Materialise, Henkel, Proto Labs, and Formlabs had a wide product offering including metals, plastics and ceramics for 3D printing market and are focused on developing new materials, but their revenue is limited due to geographical restrictions, and they face huge competition from local, regional and global established players in the 3D printing materials market.
- BASF, and Evonik Industries are emerging companies in the 3D printing materials market. BASF and Evonik industries has recently started to explore opportunities in the 3D printing ecosystem by adding polymers and resins in their product portfolios to cater to the demand of 3D printing market.
- Continuous technological advancements and innovations in 3D printing materials coupled with the rising number of applications are changing the dynamics of 3D printing materials market. Several 3D printing materials companies are focusing on developing new materials. Some of these 3D printing materials include development of materials like fiberglass, filament made from renewable and natural materials, flexible nylon, promatte lightweight 3D printer filament, PPS (Polyphenylene Sulfide) Resin Particles, magnetic filaments, shape-shifting polymer, graphene, green cement, thermoplastic polyurethane (TPU) resins, and CarbonMide.
The Full List
|Company||Headquarters||Year Founded||Holding Type|
|3D Systems||Rock Hill, USA||1986||Public|
|Carpenter Technology||Philadelphia, USA||1889||Public|
|GKN Powder Metallurgy||Solihull, England||1934||Private|
|Huntsman||The Woodlands, USA||1970||Public|
|Proto Labs||Maple Plain, USA||1999||Public|
|Stratasys||Eden Prairie, USA||1989||Public|