Global 3D Printing Materials Market to Reach US$ 6.3 Billion by 2028, Impelled by Rising Product Utilization in Tissue Engineering

According to the latest report by IMARC Group, titled "3D Printing Materials Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028," the global 3D printing materials market reached a value of US$ 2.3 Billion in 2022. Three-dimensional (3D) printing refers to the method of creating a physical object from a digital design. It includes laying down successive layers of materials, including metal, cement or plastic, until the object is formed using computer-aided design (CAD) software. Along with this, it involves the utilization of 3D printers that are integrated with precision tools to aid in the manufacturing of a 3D object from scratch. Since it utilizes less material and results in minimal wastage, it is widely adopted as a preferred alternative for traditional manufacturing processes. The demand for 3D printing is increasing due to its various advantages, including offering flexible designs and rapid prototyping using strong and light parts.
 

Global 3D Printing Materials Market Trends:

The global market is primarily driven by the rising product demand from the healthcare industry. Since 3D printing assists surgeons in better analyzing fractured patterns and conceptualizing fixation while allowing them to create effective medical instruments, this is providing a boost to the product demand across the globe. Moreover, the augmenting utilization of 3D printing materials for tissue engineering, regenerative medicines and bone regeneration is significantly supporting the market growth. In line with this, the widespread adoption of the technique in the manufacturing of drug delivery systems containing individualized and tailored dosages for patients belonging to different metabolism patterns is expected to drive the market. Besides this, numerous leading players in the aerospace industry are utilizing 3D printing for the fabrication of highly detailed visual prototypes of jigs and fixtures, surrogates and mounting brackets, which is further influencing the market. Other factors, including the growing environmental concerns among the masses, continual technological advancements and extensive research and development (R&D) activities conducted by key players, are also creating a positive outlook for the market. On account of the aforementioned factors, the market is anticipated to reach a value of US$ 6.3 Billion by 2028, exhibiting a CAGR of 18.2% during 2023-2028. 

Market Summary: 

• On the basis of the type, the market has been segregated into polymers {acrylonitrile butadiene styrene (ABS), polylactic acid (PLA), photopolymers, nylon and others}, metals {steel, titanium, aluminum and others}, ceramic {silica sand, glass, gypsum and others} and others {laywood, paper and others}.
• Based on the form, the market has been classified into powder, filament and liquid.
• On the basis of the end user, the market has been categorized into consumer products, aerospace and defense, automotive, healthcare, education and research, and others.
• Based on the region, the market has been divided into North America (the United States and Canada), Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia and others), Europe (Germany, France, the United Kingdom, Italy, Spain, Russia and others), Latin America (Brazil, Mexico and others), and the Middle East and Africa.
• The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market. Some of these players include 3D Systems Inc., Arkema S.A., Carbon Inc., Clariant AG, EOS, Formlabs, Höganäs AB, Markforged, Materialise NV, Sandvik AB, Stratasys Ltd. and Taulman3d LLC.

Report Scope:

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