The global 3D printing polymer materials market size was US$ 451.1 million in 2021. The global 3D printing polymer materials market is forecast to grow to US$ 751.7 million by 2030 by growing at a compound annual growth rate (CAGR) of 7.5% CAGR during the forecast period from 2022 to 2030.
Factors influencing the Market
In the current scenario, almost every industry, including healthcare, automotive, aerospace, defense, is adopting 3D printing technology. As a result, the global 3D printing polymer materials market will witness ample growth opportunities in the coming years.
The 3D printing polymer materials market is forecast to witness solid traction due to the mass production of components and the growing number of advancements. Royal DSM N.V. unveiled high-performing 3D printing materials, Somos PerFORM Reflect and Arnitel ID2060 HT in November 2018. Furthermore, Stratasys, Ltd. unveiled next-generation PolyJet 3D Printers in the same year.
The beneficial applications of 3D printing polymer materials in the aerospace & defense sector are projected to propel the growth of the overall global market.
Engineering students use 3D printing technology to develop prototypes of their projects. Thus, the adoption of the technology in the educational segment is forecast to surge the market growth in the coming years.
The high cost of 3D printing materials may act as a significant challenge in the 3D printing polymer materials market growth.
COVID-19 Impact Analysis
The COVID-19 crisis has negatively impacted the 3D printing polymer materials market as the demand for the material reduced drastically from various end-user industries. In addition, economic slowdown and disruptions in disposable income patterns further hampered market growth.
Massive disruptions in the global supply chain surged delays in import and export activities. As a result, all of this hampered the growth of the 3D printing polymer materials market. On the contrary, the healthcare segment witnessed a significant burden due to the rapid rise in the number of COVID-19 cases. Thus, the global 3D printing polymer materials market witnessed notable recovery in that segment.
Regional Analysis
North America is forecast to emerge as the largest 3D printing polymer materials market during the forecast period. The growth of the market is attributed to the high demand for metal-based materials from the aerospace & defense, and automotive industries. In addition, the rising penetration of advanced technologies and high spending from governments in healthcare and defense is likely to surge the growth of the 3D printing polymer materials market. Furthermore, the region is home to some of the prominent players like Stratasys, 3D Systems, and others. Thus, all of these factors will benefit the regional 3D printing polymer materials market during the study period.
Competitors in the Market
Stratasys
3D Systems
EOS
Voxeljet
Envision Tec
Taulman 3D
Asiga
Bucktown Polymers
Carima
DWS
ColorFabb
Other Prominent Players
Market Segmentation
The global 3D printing polymer materials market segmentation focuses on Type, Application, and Region.
Based on Type
Photopolymer
PLA
ABS
PMMA
Others
Based on Application
Automotive
Aerospace & Defense
Healthcare
Consumer Goods
Construction
Education
Others
Based on Application
North America
The U.S.
Canada
Mexico
Europe
Western Europe
The UK
Germany
France
Italy
Spain
Rest of Western Europe
Eastern Europe
Poland
Russia
Rest of Eastern Europe
Asia Pacific
China
India
Japan
Australia & New Zealand
ASEAN
Rest of Asia Pacific
Middle East & Africa (MEA)
UAE
Saudi Arabia
South Africa
Rest of MEA
South America
Brazil
Argentina
Rest of South America