Originally published on Technavio: 3D Printing Materials Market Analysis - North America, Europe, EMEA, APAC: US, Canada, China, Germany, UK - Forecast 2023-2027

 3D Printing Materials Market Forecast 2023-2027:

The 3D printing materials market size is estimated to increase by USD 3,786.41 million, growing at a CAGR of 22.51% between 2022 and 2027. The market's growth depends on several factors, including low wastage of cartridges in additive printing, the emergence of new 3D printing materials, and the limited time required for 3D printing. 3D printing refers to the process of producing a physical object using a virtually designed model. Various types of materials are required for different applications.

Market Overview 
Driver 
Low wastage of cartridges in additive printing is the key driver for the growth of the market share. Additive printing produces less waste than traditional printing because the exact amount of material required is predetermined. It reduces waste generated by computer numerical control (CNC) milling, creating a rough shape for printing initially. 3D printing is an ideal solution for printing products with detailed definitions, providing precise designs. Moreover, 3D printing is considered a sustainable manufacturing method, using only the necessary material when adding layers one at a time, ensuring much less waste. The use of 3D printing reduces waste volume, contributing to market growth during the forecast period.

Trends  
The primary market trend is a focus on recycling 3D printing materials. Recyclable water bottles, yogurt containers, and various waste types have been utilized as raw materials for 3D printing. Rising costs and scarcity of raw materials drive suppliers to use recyclable plastics like PET as 3D raw materials. Initiatives like the TRANSFORM-CE project, converting plastic waste into 3D printed materials, contribute to sustainable practices and fuel market growth during the forecast period.

Restraint  
The high cost of 3D printing equipment and materials is a challenge affecting market growth. The cost of 3D printers and materials such as ABS, PLA, PVA, PET, and HIPS is comparatively higher than traditional printing materials. This challenge hinders the adoption of 3D printing technology, limiting market growth during the forecast period.

Market Segmentation By Material

The market share growth by the thermoplastic polymer segment will be significant during the forecast period. This segment includes thermoplastic fibers and powders, serving as plastic materials. Thermoplastic polymers, such as ABS, PLA, PVA, and PET, find extensive use in 3D printing, particularly in optics applications. The segment showed a gradual increase in market share, driven by applications in automotive parts, sports equipment, toys, electronic accessories, kitchen appliances, and jewelry. The increasing adoption of 3D printing in these industries will drive segment growth during the forecast period.

Market Segmentation By End-User  
Aerospace and defense industries are among the end-users utilizing 3D printing materials, such as titanium, aluminum, stainless steel, and nickel. Titanium, with its high strength and lightweight properties, is favored in aerospace applications. 3D printed titanium products offer advantages like low thermal conductivity and a high strength-to-weight ratio, driving demand in this sector. Collaborations between major market players and aerospace/defense companies are expected to accelerate market growth in this segment during the forecast period.

Regional Overview  

North America is estimated to contribute 37% to the growth of the global market during the forecast period. Analysts attribute this to the increasing adoption of 3D printing in defense and aerospace, healthcare, consumer electronics, robots, and automotive industries. Additionally, the popularity of 3D printing in the education sector in the region further fuels demand for materials.

Market Customer Landscape 
The report includes the adoption lifecycle of the market, covering from the innovator’s stage to the laggard’s stage, focusing on adoption rates in different regions based on penetration. Furthermore, the report includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their growth strategies.

Global Market Customer Landscape 
Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.

Stratasys Ltd.: The company offers 3D printing materials such as RGD720, DraftWhite, and ABSplus.  
Sandvik AB: The company offers 3D printing materials such as Osprey 2507.  
MATERIALISE NV: The company offers 3D printing materials such as Aluminum, Titanium, and PA 2241 FR.

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The research report also includes detailed analyses of the competitive landscape of the market and information about 20 market companies, including:

Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize companies as pure play, category-focused

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