The 3D printing materials market is projected to grow from USD 530.1 Million in 2016 to USD 1,409.5 Million by 2021, at a CAGR of 21.60% during the same period. 3D printing technology has been adopted by major end-use industries because of its design flexibility, less wastage, and environmentally friendly properties among others. The increase in the demand for 3D printing technology in aerospace & defense, medical & dental, automotive, and consumer goods is driving the 3D printing materials market, globally.
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Major players in the 3D printing materials market:
- 3D Systems Corporation (U.S.)
- Arcam AB (Sweden)
- Arkema S.A. (France)
- Royal DSM N.V. (Netherlands)
- ExOne GmbH (Germany)
- Stratasys Ltd. (U.S.)
MarketsandMarkets broadly segments the 3D printing materials market based on material type, form, and application. The study covers more than seven countries for the four main regions, namely, North America, Europe, Asia-Pacific, and RoW.
North America is the largest 3D printing materials market
The U.S. accounts for a major share of the 3D printing materials market in North America, whereas Germany accounts for the major market of the European region. High growth in the U.S. is attributed to the growing demand for 3D printing technology, especially from the aerospace & defense industry. The Asia-Pacific region is also experiencing high growth in the 3D printing materials market. This increase in growth is due to the adoption of 3D printing technology in countries such as China, Japan, and South Korea.
