3D Printing Materials Market, By Product Type (Ceramics, Plastics, Metals, and Others), By Application (Electronics & Consumer Products, Automotive, Medical, Industrial, Education, Aerospace, and Others (Military, Architectural, Government, etc.)), and By Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa)

Published In : Jul 2023

Code : CMI4376

Pages :120

Formats :

Excel and PDF

Industry : Advanced Materials

Market Challenges And Opportunities

Global 3d Printing Material Market: Restraints

The market is anticipated to be hampered by 3D printing materials' high production costs

Materials are utilized for 3D printing in unconventional forms such powder, filament, and liquid. The cost of materials is increased by the processing necessary to convert normal materials into those that may be used for 3D printing. One of the key challenges limiting the market's growth is the cost of 3D printer-compatible materials, which may be up to 10-15 times more expensive than materials used in conventional manufacturing techniques. For instance, in 2021, according to the Hubs Protolabs Company, each 3D printing technology comes with its own host of polymer materials. Spools of filament for FDM (fused deposition modeling) tend to be relatively cheap, while SLA resin and SLS and MJF powders are, in general, more expensive. The amount of material required to print the part will directly affect the price.

Global 3D Printing Material Market: Growth Drivers

Growing End User Demand for 3D Printing to Fuel Market Growth

The rising demand from numerous end users is one of the main drivers for 3D printing materials. As 3D printed parts are increasingly used in military, automotive, and aerospace applications, the industry is anticipated to grow. For producing components with complex patterns, 3D printing technology has shown to be quite beneficial. Designers can easily and affordably produce complicated pieces thanks to 3D printing. Since titanium has excellent mechanical qualities and high dimensional precision, aerospace industry parts manufactured of it are frequently 3D printed. The aforementioned elements should accelerate market expansion. For instance, in 2021, Porsche, has relied on the competence of Mahle in the development of the 3D-printed pistons, just as it did for the production forged pistons in the 911 GT2 RS. The technology company has developed a weldable powder for additive manufacturing from their proprietary Mahle aluminum alloy M174+.