02.03.23
MarketsandMarkets’ report "3D Printing Materials Market by Form (Powder, Liquid, Filament), Type (Plastic, Metal, Ceramic), Technology, Application, End-Use Industry (Automotive, Aerospace and Defence, Healthcare, Consumer Goods, Construction), and Region - Global Forecast to 2027", expects the market to grow from $2.5 billion in 2022 to U$7.9 billion by 2027, at a CAGR of 25.6% during the forecasted period. The 3D printing materials market is witnessing significant growth because of the growing demand from healthcare, automotive, aerospace & defense, and consumer goods.
In terms of volume, plastics to hold the largest market share during the forecast period. Demand for 3D printing plastics has significantly risen for creating prototypes over the past few years. Higher numbers of manufacturers are expected to utilize additive manufacturing for high-volume production. Lucrative market opportunities prevail for the market in aftermarket applications as manufacturers increasingly utilize additive manufacturing technology to produce new components in the aftermarket industry.
3D printing plastics have created several significant transformations in the automotive manufacturing industry, including products that are safer, cleaner, lighter, and in newer designs. Several original equipment manufacturers (OEMs) utilize additive manufacturing for creating automotive prototypes and high-volume direct manufacturing.
In terms of value and volume, the healthcare end-use industry is expected to hold the largest market share during the forecast period. 3D printing materials are widely used in the healthcare industry for manufacturing surgical equipment, prosthetics, implants, and tissue engineering products. These products are manufactured using 3D printing technology as it offers a high level of precision during manufacturing.
In terms of volume, plastics to hold the largest market share during the forecast period. Demand for 3D printing plastics has significantly risen for creating prototypes over the past few years. Higher numbers of manufacturers are expected to utilize additive manufacturing for high-volume production. Lucrative market opportunities prevail for the market in aftermarket applications as manufacturers increasingly utilize additive manufacturing technology to produce new components in the aftermarket industry.
3D printing plastics have created several significant transformations in the automotive manufacturing industry, including products that are safer, cleaner, lighter, and in newer designs. Several original equipment manufacturers (OEMs) utilize additive manufacturing for creating automotive prototypes and high-volume direct manufacturing.
In terms of value and volume, the healthcare end-use industry is expected to hold the largest market share during the forecast period. 3D printing materials are widely used in the healthcare industry for manufacturing surgical equipment, prosthetics, implants, and tissue engineering products. These products are manufactured using 3D printing technology as it offers a high level of precision during manufacturing.
