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3D Printing Materials Market Size to Reach USD 3.78 Billion by 2026; Introduction of Solef® PVDF by Solvay to Boost Growth

April 24, 2020 | Chemicals & Materials

The global 3D printing materials market size is predicted to reach USD 3.78 billion by 2026. The growing necessity for easy prototyping and manufacturing of complex designs at low cost, less weight, and no material loss will spur demand 3D printing materials, which, in turn, will accelerate the 3D printing materials market growth, mentioned in a report, 3D Printing Materials Market Size, Share & Industry Analysis, By Type (Plastics, Metals, Ceramics, and Others), By End-Users (Automotive, Aerospace & Defense, Industrial, Medical, and Others), and Regional Forecast, 2019-2026” the market size stood at USD 1.53 billion in 2018 and is expected to exhibit a CAGR of 12.1% between 2019 to 2026.


Launch of Solef® PVDF by Solvay to Aid Business Prospects


Solvay, a Belgian chemical company headquartered in Neder-Over-Heembeek, Brussels, Belgium launched fluorinated thermoplastic Solef® PVDF, an innovative ready-made filament  for additive manufacturing. The Solef® PVDF will be used in various industrial applications such as automotive, chemical processing, batteries and plumbing. The introduction of the ready-made filament by Solvay will bolster healthy growth of the market during the forecast period owing to the fluoropolymer, which will be used as a high-performance material to manufacture parts through injection molding and machining.  Moreover, the groundbreaking technology in PVDF makes it advantageous in lower melting temperature and therefore, compatible for printer models and a wide-range of other applications. In addition, the launch of novel materials for 3D printing by prominent players will contribute significantly to the market revenue for 3D printing materials during the forecast period. For instance, in September 2019, 3D Systems launched new materials for 3D printing namely PRO-BLK 10, and HI TEMP 300-AMB. The new products will diversify company’s product portfolio and expand the range of applications for customers. 


To get a detailed report summary and research scope of this market, click here:


https://www.fortunebusinessinsights.com/3d-printing-material-market-102296


High Production Cost of 3D printing to Restrict Market Growth


The 3D printing process requires materials in non-standard forms such as powder, filament, and liquid. The processing of the materials from standard form to an appropriate 3D printing adds up to the maximum production cost of materials. This, factor is predicted to dampen the growth of the market. Prices of materials compatible with 3D printers are up to 10-15 times higher compared to the materials used in traditional manufacturing processes, thus restricting the demand for 3D printing, which, in turn, will hamper the growth of the market during the forecast period. However, the growing innovation in R&D by key players to develop cost-effective materials for 3D printing will favor market growth in the forthcoming years.


Perpetual Developments by Key Players to Enhance Market Potential


The 3D printing materials market is dominated by prominent players focused on diversified product portfolio, product launches for a variety of applications. Moreover, the perpetual developments by key players to improve the physical properties and reduce the cost of the 3D printing materials is expected to consolidate market and therefore, create opportunities for the market. The increasing demand for 3D printing from industries such as automotive, aerospace, medical, and consumer products has encouraged companies to implement various growth strategies such as expansion, joint venture, and acquisition, which in turn, will augur well for the market.


The Report Lists the Main Companies in this Market



  • Stratasys Ltd.

  • 3D Systems, Inc.

  • Materialise NV

  • Markforged, Inc.

  • EOS GmbH

  • Höganäs AB

  • Arkema

  • Royal DSM N.V.

  • ExOne

  • GE Additive

  • Evonik Industries AG

  • Höganäs AB

  • BASF SE

  • Covestro AG

  • Solvay


Further Report Findings:



  • Regional Analysis: The market in North America stood at USD 0.58 billion in 2018 and is predicted to remain dominant in the forthcoming years owing to the rising demand industries such as aerospace, military, and medical. Moreover, the growing demand for metals from automotive and aerospace & defense industry will have a positive impact on the market in the forthcoming years.

  • Leading Segment: Metals segment is predicted to hold the lion’s share during the forecast period owing to its extensive use in the healthcare industry for producing implants, and prosthetics. Moreover, the incorporation of 3D printed metal parts in automotive, aerospace, and industrial machinery will augment the segment’s growth in the foreseeable future.


The Market is Segmented into:








































 ATTRIBUTE



 DETAILS



Study Period



2015-2026



Base Year



2018



Forecast Period



2019-2026



Historical Period



2015-2017



Unit



Value (USD billion)



Segmentation



By Type



  • Plastics

  • Metals

  • Ceramics

  • Others



By End-Users



  • Automotive

  • Aerospace & Defense

  • Industrial

  • Medical

  • Others



By Geography



  • North America (U.S. and Canada)

  • Europe (Germany, France, UK, Italy, Spain, and Rest of Europe)

  • Asia-Pacific (China, Japan, India, South Korea, and Rest of Asia Pacific)

  • RoW (GCC, Israel, and Others)



 

3D Printing Materials Market
  • PDF
  • 2018
  • 2015-2017
  • 120

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