3D Printing Materials Market Will Register High Demand in North America with the US Accounting for Maximum Sales

Nov 30,2021 | Chemicals & Materials

According to Future Market Insights (FMI) analysis, the 3D printing materials market is anticipated to register growth at 14.0% CAGR between 2021 and 2031. Increasing adoption of additive manufacturing in automotive, electronics, medical, and construction sectors among others will continue driving growth in the 3D printing materials market.

3d Printing Materials Market

A recent market study published by FMI on the 3D printing materials market includes global...

3d Printing Materials Market

3D printing is a technique for layering a three-dimensional object using a computer-generated design. Raw materials such as plastics, ABS, PLA, metals & powders, carbon fibers, and resins are some commonly used printing materials.

Increasing application of 3D printers to manufacture all kinds of small and large products are also boosting the market. Several countries are nowadays utilizing 3D printing technology for the construction of buildings. Technological advancements registered across various industries will pace way for the growth of the 3D printing materials market.

Regionally, North will continue dominating the 3D printing materials market. Besides this, Europe and East Asia will emerge as chief pockets for growth. As per FMI, East Asia 3D printing materials market will register growth at the highest pace, steered by industrialization in China, Japan, and South Korea.

Key Takeaways from 3D Printing Materials Market Study

  • The global 3D printing materials market is expected to reach a value of US$ 5.14 Bn by the end of the forecast period.
  • East Asia market will exhibit growth at 14.7% of CAGR during the forecast period due to commercialization of additive manufacturing.
  • By material type, metals are expected to remain a key segment in the global market of 3D printing materials, registering growth at 13.6% CAGR.
  • Electronics and consumer industry will continue exhibiting high demand for 3D printing materials.
  • The U.S. will emerge as the leading market in North America, accounting for over 86% of sales in 2021.

 “COVID-19 outbreak has significantly impacted the 3D printing materials market due to the decrease in demand from the industries such as, automotive, electronics, consumers, manufacturing, and others. However, impressive growth is on card for the market with industries implementing advanced technologies to offset the negative implications of pandemic post its containment,” said a lead analyst at FMI.

3D Printing Materials Market: Participant Insights                            

Key market participants in the global 3D printing materials market elaborated in the report includes Covestro AG, Arkema S.A., Sandvik A.B., Evonik Industries A.G., EOS GmbH Electro Optical Systems, Ultimaker B.V., Hoganas AB, The EXONE Company, General Electrics, 3D Systems Corporation, Materialise NV, STRATASYS LTD, and MARKFORGED Inc.

Key players are focusing on shifting their manufacturing from conventional technology to 3D printing to minimize time and risk of human error. 

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The Chemicals & Materials division at FMI offers distinct and pin-point analysis about the chemicals & materials industry. Coverage of the chemicals and materials  market extends from commodity, bulk, specialty and petrochemicals to advanced materials, composites, and nanotechnology. The team also puts special emphasis on ‘green alternatives’, recycling and renewable technology developments, and supply-demand trade assessment. Our research studies are widely referred by chemical manufacturers, research institutions, channel partners, and government bodies for developing – ‘The Way Forward’.

About Future Market Insights (FMI)

Future Market Insights (FMI) is a leading provider of market intelligence and consulting services, serving clients in over 150 countries. FMI is headquartered in Dubai, and has delivery centers in the UK, U.S. and India. FMI's latest market research reports and industry analysis help businesses navigate challenges and make critical decisions with confidence and clarity amidst breakneck competition. Our customized and syndicated market research reports deliver actionable insights that drive sustainable growth. A team of expert-led analysts at FMI continuously tracks emerging trends and events in a broad range of industries to ensure that our clients prepare for the evolving needs of their consumers.