July 19, 2024
3d Printing Extrusion Materials Market

The Expanded Demand For 3D Printed Components From The Healthcare Sector Is Anticipated To Openup The New Avanue For 3D Printing Extrusion Materials Market

Market Overview:

3D printing extrusion materials such as metals, polymers, and ceramics are used to manufacture 3D printed parts and components through extrusion-based 3D printing technologies. Polymers account for the largest share of 3D printing extrusion materials and popular polymers used include acrylonitrile butadiene styrene (ABS), polylactic acid (PLA), nylon, and high-impact polystyrene (HIPS). The healthcare sector is a major end-user of 3D printed extrusion materials for manufacturing medical devices, implants, and prosthetics.

Market Dynamics:

Increasing adoption of 3D printing in the healthcare sector is a major driver for the 3D printing extrusion materials market growth. 3D printing techniques help in mass producing customized medical products at reduced costs, which has increased their adoption in the healthcare industry. Additionally, advancements in extrusion-based 3D printing technologies have resulted in printed parts with higher resolution and accuracy, expanding their applications. For example, PolyJet 3D printing technology uses photopolymer materials that enable manufacturing highly detailed medical models and prototypes. However, high material costs of specialty 3D printing polymers limit their widespread adoption. Ongoing R&D towards developing cost-effective biomaterials suitable for 3D printing could help address this challenge.

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.

Segment Analysis

The 3D printing extrusion materials market can be segmented into plastic filaments, powders, and photopolymers. The plastic filaments segment currently dominates the market owing to the wide use of materials like thermoplastics and ABS, which have established themselves as materials that are durable yet cost-effective. The ability of filaments to be used across several 3D printing technologies like fused deposition modeling also contributes to its widespread demand.

PEST Analysis

Political: Trade policies impacting the import and export of raw materials used in 3D printing will affect market growth. Economic: A rise in disposable incomes is boosting the consumer demand for 3D printed products, thereby propelling the extrusion materials market. Social: Growing popularity of customized and personalized products is positively influencing customers to prefer 3D printing over traditional manufacturing. Technological: Advances in 3D printing technologies and development of innovative materials with enhanced properties have increased adoption across industries.

Key Takeaways

The global 3d printing extrusion materials market is expected to witness high growth, exhibiting 19% CAGR over the forecast period, due to increasing demand from industries like consumer goods, automotive, and aerospace.

Regional analysis: North America currently holds the largest share in the market owing to significant investments in 3D printing R&D and presence of major companies. Asia Pacific is expected to be the fastest growing region with China and India emerging as high potential countries on account of rapid industrialization.

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. These players are focusing on new product launches with enhanced material properties to strengthen their global presence.

*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it