The global 3D Printing Polymer Material Market will be worth around USD 13.7 billion by 2030, up from USD 3.59 billion in 2021grow at a compound annual growth rate (CAGR) of 20.32% from 2022 to 2030.
The 3D Printing Polymer Material market is also described in terms of current trends and potential future expansion. Polymers (plastics), metals, and ceramics are among the materials now used in 3D printing. Polymers are the most widely used printing materials and are expected to continue dominating material demand over the forecast period. This is due to the market for 3D printing materials' numerous industrial and consumer goods uses for plastics. Personal protective equipment (PPE), isolation wards, and medical equipment are just requirements for which 3D printing can provide on-demand solutions.
Market Dynamics
Drivers
Growing Adoption of 3D Printing Technology
The growing transition from traditional printing to 3D printing technology will support the market's robust expansion in the near future. 3D printing has many advantages, including reduced waste, more complex designs, cost efficiency, and improved design modification. Furthermore, producers from various industries have been drawn in by growing awareness of the undeniable benefits of 3D printing technology. The technique makes new items cheaper in the food, footwear, music, jewelry, and medical industries. This will increase the market share of 3D printing materials in the coming years. Furthermore, the 3D Printing Polymer Material market will expand rapidly throughout the forecast period due to the increase in the use of 3D-printed components in military, automotive, and other industries.
Restraints
High Cost
The 3D printing industry's expansion may need to be improved by the technology's high costs. The equipment required for 3D printing requires a significant initial investment. They use 50 to 100 times more energy than injection molding when melting plastic with lasers or heat, so these machines are unsuitable for small-batch manufacturing runs. Materials used in automobile industrial-grade 3D printers are costly compared to conventional production. Furthermore, 3D printers are difficult to use and control because they require specialized components, equipment, and high-voltage power sources.
Key players:
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3D Systems Corporation
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Stratasys, Ltd.
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Materialise NV
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Arkema SA
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Evonik Industries AG
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General Electric
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The ExOne Company
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Hoganas AB
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Royal DSM N.V.
Market Segmentation:
3D Printing Polymer Material Market, By Technology
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Fused Deposition Modelling (FDM)
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Selective Laser Sintering (SLS)
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Stereolithography (SLA)
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Direct Metal Laser Sintering (DMLS)
3D Printing Polymer Material Market, By Foam
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Powder
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Filament
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Liquid
3D Printing Polymer Material Market, By Application
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Prototyping
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Manufacturing
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R&D
3D Printing Polymer Material Market, By End User
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Automotive
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Aerospace & Defense
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Healthcare
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Consumer Goods
3D Printing Polymer Material Market, By Region
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North America
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Latin America
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Europe
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Asia Pacific
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Middle East & Africa
Regional Analysis
By 2030, the North American 3D printing polymer material market will be worth more than USD XX% billion. Positive trends in the medical and aerospace industries will drive 3D Printing Polymer Material market expansion in North America. The adoption of 3D printing across the various sectors and the expanded selection of materials will provide growth opportunities. The American government's initiatives to advance 3D printing, along with funding for research and development will hasten its adoption and increase demand for 3D printing supplies and machinery.
Scope of the Report:
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Report Coverage |
Details |
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Base year |
2021 |
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Forecast period |
2022-2030 |
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Growth momentum & CAGR |
Accelerate at a CAGR of 20.32% |
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YoY growth (%) |
XX% |
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Regional analysis |
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Current Market size |
USD 3.59 billion |
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Companies Covered |
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User
Tab Content
Introduction
Our market research is an extensive, iterative process that takes into account a combination of primary and secondary research tools with the aim of minimizing deviation and producing the most precise estimate and prediction. For the future course of action, this approach meticulously outlines the actual changes and industry trends. It gives incredibly valuable data that is drawn from the insights and opinions of analysts and professionals. Our papers include in-depth research and analysis based on several factual inputs obtained from expert interviews, accurate data, and local information.
Market Size Estimation
The overall size of the market has been estimated and validated using both top-down and bottom-up methods. The sizes of other market subsegments have also been thoroughly estimated using these methodologies.
In the top-down technique, the market is divided into segments based on the percentage share of each segment. This method assisted in determining the size of each segment's market. The market size of each segment and its sub-segments was then divided into regional market sizes. This Approach helps mainly with the new Product Launch. It uses Multi-variate Regression Model coupled with Vendor based primary research inputs to forecast to the Market Size.
In the Bottom-Up approach, comprehensive study of key players has to be done wherein we add the market size of the major key players to understand the national market size which helps to determine the regional market size and eventually the complete market size. Companies annual report along with data from paid and unpaid resources like reports from government agencies and organizations like world bank provide the data for this approach.
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