February 12, 2025

The Rising Adoption Of 3d Printing In Manufacturing Will Boost The Growth Of 3d Printing Extrusion Materials Market

The global 3D Printing Extrusion Materials Market is estimated to be valued at US$ 12.77 Bn or Mn 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.

Market Overview:
3D printing extrusion materials include thermoplastic and photopolymer resins that are used in fused deposition modeling (FDM) printers. Thermoplastics such as acrylonitrile butadiene styrene (ABS), polylactic acid (PLA), high-impact polystyrene (HIPS), are commonly used 3D printing extrusion materials. These materials are supplied in filament or pellet form and are melted and extruded through the printhead nozzle to create 3D solid objects layer by layer. 3D printing extrusion materials provide advantages such as enabling lightweight and durable product development, reducing material wastage, producing complex geometries, and helping prototype verification.

Market key trends:
The increasing adoption of 3D printing across various industries such as automotive, aerospace, consumer goods, healthcare is expected to drive the demand for 3D printing extrusion materials over the forecast period. For instance, ABS filaments are increasingly being used in automotive prototyping applications due to their high impact strength. Thermoplastic polyurethanes (TPU) filaments are gaining popularity in wearables and consumer electronics due to their elastic properties. Biocompatible materials such as PLA are being widely adopted in medical implants and prosthetics. The launch of innovative material types such as carbon-fiber or copper-filled filaments is also expected to open new opportunities for 3D printing extrusion materials market.

Porter’s Analysis
Threat of new entrants: The threat of new entrants is moderate as the 3D printing extrusion materials market requires huge investments in R&D and manufacturing facilities. Established players have strong brand recognition and distribution networks.

Bargaining power of buyers: The bargaining power of buyers is moderate as there are many established players providing a variety of extrusion materials at competitive prices. However, buyers have limited influence over fluctuating raw material costs.

Bargaining power of suppliers: The bargaining power of suppliers is high due to the highly consolidated nature of raw material supply and the importance of quality certifications and standards. Suppliers can influence prices.

Threat of new substitutes: The threat of new substitutes is low as 3D printing extrusion materials are highly specialized with properties tailored for each application. There are limited product substitution options.

Competitive rivalry: The competitive rivalry is high among the major players to gain market share and expand their product portfolio through partnerships.

Key Takeaways

The global 3D Printing Extrusion Materials Market is expected to witness high growth, exhibiting a CAGR of 19% over the forecast period, due to increasing demand for advanced materials from industries like aerospace, defense, consumer goods, and healthcare.

Regional analysis: North America dominated the market in 2022 followed by Europe and Asia Pacific. Asia Pacific is expected to grow at the fastest pace during the forecast period due to rapid industrialization and rising focus on R&D activities from various industries in China, India, and Japan.

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, partnerships, and capacity expansions to strengthen their position.

Money Singh

Money Singh is a seasoned content writer with over four years of experience in the market research sector. Her expertise spans various industries, including food and beverages, biotechnology, chemical and materials, defense and aerospace, consumer goods, etc.

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