Global market for 3D printing materials will be worth $18.4 bn in 2030
24 December 2020: IDTechEx’s recently released report “3D Printed Materials Market 2020-2030 – COVID Edition” states that the global market for 3D printing materials will be worth $18.4 billion in 2030. The study noted that the market for 3D printing materials has been affected by the COVID-19 pandemic, but plenty of market drivers point to a strong future.
From its beginnings in the late 1980s, the capabilities of 3D printing technology have been dependent on the range of materials available compatible with the different printing processes. The range of materials has continued to diversify in this time, with key 3D printer equipment manufacturers devoting significant resources to bringing new materials to market. The Materials for 3D Printing include: Polymers, Metal and Ceramic Materials. Includes: Photosensitive Resins, Thermoplastic Powders, Thermoplastic Filaments, Metal Powders, Metal Wire and Ceramic Powders.
This portfolio of compatible materials has continued to expand as end users demand higher quality products, greater choice and flexibility, and in the case of prototyping, materials that are more representative of the final product’s appearance and behaviour. With end users spanning multiple industry verticals, there is a continuing drive to expand this list.
However, the growth potential for 3D printing materials differs significantly from printing equipment, as legacy printers which are still operational continue to consume materials. Therefore, this segment of the 3D printing value chain represents tremendous potential growth opportunity over the next decade.
IDTechEx conducted exhaustive primary research with companies positioned throughout the entire 3D printing value chain for key insights into the trends impacting growth to 2030. Over 25 company profiles have been included in the report including BASF, Mitsubishi Chemical, Stratasys, 3D Systems, Carbon3D, Carpenter Technology, DSM Somos and Evonik amongst others.
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