3D Printing Materials Market – Market Overview
The Global 3D Printing Material Market is growing at considerable CAGR due to increasing demand aerospace and automotive industry. The 3D Printing Industry provides high customisation with superior finish and value added aesthetic appearance. Moreover, with technology advancement and innovative materials, 3D Printing has changed the digital printing industry to become next revolution.
There are various forms of 3D Printing Material available in the market such as plastics, ceramics, metals and others. These materials can further segregate as photopolymer, thermoplastic powder & filament, metal powder and sand among others. Photopolymers accounted prominent position in the Global 3D Printing Material Market. Growing demand for ink-jet printing, stereolithography and direct light processing (DLP) for application such as dental models, jewellery, prototype, shoes and architectural models are anticipated to drive the market growth. Major players operating in photopolymers are ASIGA, DSM, 3D Systems Inc., and Stratasys Ltd among others.
Ceramics accounted for highest market share among all the materials owing to its property such as high thermal resistance making it an ideal choice to offer superior printing accessibility particularly in ink drying process. Metal powder is fastest growing market among high graded materials as they can withstand high temperature and has strong demand across industries such as aerospace and automotive. Thus, rapid adoption of 3D Printing Materials in medical, consumer goods and electronic industry are likely to drive the market growth. Among application, aerospace & defense are leading segment due to rising demand for titanium and nickel 3D materials offering properties such as strength and stiffness are expected to augment the market growth. Furthermore, increasing demand for customization in design and formulation of vehicle are likely to boost the market growth.
North America region is dominating in the Global 3D Printing Materials Market. This is attributed to growth of robust growth of automotive and aerospace industry coupled with increase spending on consumer goods. Moreover, increasing expenditure on defense activities would significantly augment product demand. Asia Pacific region observed as fastest growing region due to technological advancement in healthcare industry and rising sales of vehicle in countries such as China, Indonesia and India. In addition, increasing production base for electronic gadgets would further compliment the market growth.
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3D printing materials Market – Competitive Analysis
The Global 3D Printing Materials Market is highly competitive market with presence of some tier 1 players and tier 2 players. Some of the key players operating in the market are 3D Systems Inc., Royal DSM N.V., Arkema S.A., Sandvik AB among others. Among various strategies, expansion and product launch are key strategies adopted by major players in the market. Companies such as 3D System Inc. Arkema and Sandvik are launching new materials for metal 3D printers. Few producers are also developing new innovative solutions in 3D Printing Materials Market. Further, long term agreements with distributors is strategic goal observed, to capture market share in high growth regions.
Industry/ Innovation/ Related News:
February 2018- Sweden largest metal cutting manufacturer Sandvik AB is under planning to open a new facility that specialise in additive manufacturing materials. The new facility would focus on mining and production of fine metal powder from nickel and titanium. The company’s Osprey brand of powder has been able to meet the growing demand in 3D printing. Thus, this expansion of new plant for titanium and nickel powder would benefit the end use industries such as aerospace, healthcare and automotive.
March 2017-3D systems expanded the product portfolio for additive manufacturing in growing market of investment casting, jewellery and dental industry. This expansion of multijet wax family include with new ProJet MJP 2500W and VisiJet M2 CAST RealWax materials that is used in industrial casting and jewellery application. The company also introduced new VisiJet materials with rigid properties which is used for application such as snap-fir assemblies. Along with this expansion, the company also extend 3D Sprint™ software to provide design and management tools to streamline the 3D printing process easy and saves money.
May 2017- 3D Systems launched a new ProJet MJP 5600, a multi materials composite 3D printers that offers print two times faster, delivers standard performance and cost up to 40% less than other multi-material printers. The company also expand VisiJet CR-BK, a new rigid black plastic material for multi-material 3D printers. Further, introduction of SLA materials such as Accura HPC and Accura Phoenix had helped the company to connect with customers more quickly and more efficient way.
November 2017 – Arkema has entered joint agreement with EOS, a leading supplier in the field of industrial 3D printing. Under this partnership, company developed high temperature powders Kepstan PEKK for EOS P 500. This product is addition to PAEK (Poly-Ary-Ether-Ketone) family suited for metal replacements in industrial application directly used in additive manufacturing. Moreover, Sartomer UV curable systems, is new solutions for additive manufacturing. These innovative solutions are used in to meet requirements in high mechanical SLA (stereolithography), DLP (digital light processing) and MJP (multijet printing)
July 2017- Arkema invested in expansion of production capacity of biosourced nylon 11 chain from castor oil. This expansion is strategy to accelerate its development in advanced material. According to Arkema, bio-based nylon is expected to increase by 7% due to its growing application such as 3D printing, automotive industry and consumer goods.
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