3D Printing Polymer Material Market Size, Share, and Industry Trends 2031

The global 3D printing polymer material market size exceeded the value of US$900 Mn in 2021 and is projected to witness more than 12% revenue expansion by the end of 2030.

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Market Analysis in Brief

Polymers are among the extensively employed materials in 3D printing, besides ceramics and metals. 3D printing polymer materials are foreseen to remain a chosen material alternative in the long term because a wealth of industrial applications demand plastics or similar derived materials. Research shows the exploding growth of the consumer electronics industry will continue to provide the 3D printing polymer materials market with an incessant stream of business opportunities. A range of industrial products will also create strong tailwinds for the 3D printing polymer material industry. The COVID-19 pandemic presented the market with an influx of opportunities as demand for various medical equipment, personal protective equipment, and isolation wards witnessed an exceptional hike overnight. Besides healthcare and medical, other key industries that stimulate demand include automotive, aerospace, and defense.

Key Report Findings

Healthcare Industry Drives Remarkable Demand

Aerospace and Defense Industry's Uptake to Elevate Market Prospects

North American Markets Lead with Government Initiatives Promoting Additive Manufacturing Technology

Unwavering Growth of the Auto Industry Solidifies Asia Pacific’s Position in the Market

Growth Drivers

A Widening Application Base

The 3D printing polymer material market is set for promising growth due to the versatility and broad applicability of polymers. While a number of commercially usable polymers are accessible, not a single polymer offers all the required properties for a particular application. The atmosphere, conditions (e.g., temperature, mechanical load, UV light, chemical exposure, radiation, and moisture), 3D printing method, availability, and processability must all be considered. No specific polymer on the market can be printed using a single additive manufacturing technique, allowing for fluid design, complicated macro and microstructures, and simple modeling and optimization. Thus, additive manufacturing is embraced as a main production method to print prototypes and final components by industries including biomedical engineering, transport, and the military.

Increasing Demand from Aerospace and Defense Sectors

Polymers are used for producing various products like PET bottles, tools, electronics, and transportation parts. Rising demand for 3D polymer printing, combined with the rising need for high-performance materials across various industries such as aerospace and military, is expected to drive the expansion of the 3D printing polymer material market. The aerospace and defense, healthcare, and automotive sectors are likely to contribute significantly to the growth of 3D polymer printing throughout the forecast period due to the active adoption of technology in various production processes. A total of 950 global commercial aircraft deliveries were made in 2021, and as the number of aircraft continues to rise, so will the demand for 3D polymer printing in the coming years.

Rising Employment in Prototyping

The increasing use of 3D printers for product design and prototypes, which is associated with lower manufacturing costs and more precision in the final product, is a key driver for the 3D printing polymer material market. 3D-printed car components are lighter, resulting in improved performance and lower energy use. Aside from rapid prototyping, the technique is also used to create tooling and, in certain cases, finished goods. Global car sales grew to around 66.7 million units in 2021, up from approximately 63.8 million units in 2020. As the number of automobiles continues to rise, so will the demand for 3D polymer printing in the coming years.

Overview of Key Segments

Healthcare Industry Dominant

The healthcare end-use category led the market during the forecast period, accounting for a major share of worldwide revenue. The cost-effectiveness, simplicity of customization, and rising prevalence of vascular and arthritic illnesses are driving the demand for 3D printing plastics in the medical business. The enhanced technology, favorable government assistance, and quick product development are projected to drive medical product demand. The expansion in dentistry can be ascribed to the increased use of polymer materials for creating scaffold structures because of their superior biological and mechanical qualities, simplicity of processing, cheap production cost, and lightweight nature compared to metals and ceramics.

Growth Opportunities Across Regions

North America Leads with Supportive Governments

North America led the global 3D printing polymer material market due to the region's significant adoption of additive manufacturing. Factors such as better material usage, reduced human errors, product customization, and reduced production time and cost are driving the North American market. President Biden announced a new plan in May 2022 to promote 3D printing technology, reducing reliance on the global supply chain, and boosting investment in local and medium-sized firms.

Asia Pacific Forms a Favorable Growth Environment

Asia Pacific is predicted to increase at the quickest rate over the projection period, driven by the region's industrial industry advancements and upgrades. The Asia Pacific region is emerging as an automobile manufacturing powerhouse. Over 34 million passenger autos are expected to be sold in the Asia Pacific region by 2021, with over 21 million sold in China. A focus on consumer electronics manufacture, combined with expanding urbanization, is also contributing to the region's growing need for 3D printing.

Global 3D Printing Polymer Material Market: Competitive Landscape

A few of the major players in the 3D printing polymer material market include 3D Systems (US), Royal DSM (Netherlands), Stratasys Ltd. (US), EOS GmbH Electro Optical Systems (Germany), ExOne Company (US), Arkema S.A. (France), Materialise NV (Belgium), Sandvik AB (Sweden), General Electric (US), and Höganäs AB (Sweden).

Recent Notable Developments

In March 2022, the Saudi Arabian Industrial Investments Company (Dussur) and 3D Systems, the leading provider of additive manufacturing solutions, agreed to extend the use of additive manufacturing (AM) in the Kingdom of Saudi Arabia and neighboring regions, including the Middle East and North Africa.

In March 2022, Evonik, a specialty chemicals business, and Asiga, a 3D printer maker in Australia, announced a collaboration in photopolymer-based 3D printing to advance large-scale industrial 3D printing by expanding the capabilities of today's photo-curing technologies.