Market Overview:
3D printing extrusion materials are filaments made from thermoplastic polymers that are used in fused filament fabrication 3D printers. Commonly used extrusion materials include polylactic acid (PLA), acrylonitrile butadiene styrene (ABS), nylon, and high-density polyethylene (HDPE). 3D printing extrusion materials offer advantages such as precise layering, flexibility in prints, and ability to produce complex designs. The use of 3D printing extrusion materials has grown significantly with the adoption of additive manufacturing in various industries such as healthcare, automotive, aerospace, and consumer products.
Market key trends:
The increasing demand from the healthcare industry is a major trend in the 3D printing extrusion materials market. These materials are highly useful in creating customized medical implants, surgical guides, and prosthetics. Nylon materials are commonly used to make dental fixtures and crowns using 3D printing technologies. Another trend is the growing popularity of biodegradable materials such as PLA. Environmentally friendly materials address issues regarding waste disposal from 3D printing. In addition, advancement in materials such as carbon fiber reinforced PLA will offer improved performance and strength in 3D printed parts. The development of multi-material 3D printing with support for different hybrid filaments is expected to open new application areas during the forecast period.
The global 3d Printing Extrusion Materials Market Share is estimated to be valued at US$ 3.69 Bn or in 2023 and is expected to exhibit a CAGR of 19.% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.
Porter’s Analysis
Threat of new entrants: The threat of new entrants is moderate due to high initial investments required to enter the market. Bargaining power of buyers: The bargaining power of buyers is high due to the availability of various raw materials from manufacturers globally. Bargaining power of suppliers: The bargaining power of suppliers is moderate as there are many suppliers providing raw materials used in 3D printing. Threat of new substitutes: The threat of new substitutes is low as 3D printing materials have various advantages over traditional manufacturing methods. Competitive rivalry: Competition in the market is high among existing players.
Key Takeaways
The global 3d Printing Extrusion Materials Market is expected to witness high growth, exhibiting CAGR of 19% over the forecast period, due to increasing demand from end-use industries like aerospace, healthcare, and automotive.
Regionally, North America dominates the market and is expected to continue its dominance during the forecast period. This is attributed to increasing adoption of 3D printing in various industries and presence of major players in the region. Asia Pacific is expected to be the fastest-growing market for 3D printing extrusion materials owing to expanding manufacturing industry and rapid industrialization in countries like China and India.
Key players operating in the 3d Printing Extrusion Materials market are 3D Systems Corporation, Stratasys Ltd., Materialise NV, EOS GmbH, Arkema S.A., SABIC, Evonik Industries AG, DuPont de Nemours Inc., BASF SE, Dow Chemical Company, HP Inc., Royal DSM N.V., EnvisionTEC GmbH, CRP Group., Carbon, Inc. Companies are focusing on developing new bio-based and recyclable materials to expand their product portfolio and market share.
*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it
