3D Food Printers Market Expected to Reach US$ 16.4 Billion with CAGR of 26% by 2034: Fact.MR Report
High Need for Flexible and Lightweight Aerospace components Widening Application Scope of 3D Printing Materials
Rockville, March 28, 2024 (GLOBE NEWSWIRE) -- 3D printing provides production flexibility to designers for creating structures at economic prices, which is poised to help the global 3D printing material market reach a size of US$ 1.63 billion in 2024. Worldwide demand for 3D printing materials has been projected by Fact.MR in this revised study to increase at a high-value CAGR of 26% from 2024 to 2034.
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Rising demand for flexible and lightweight components, especially in the automotive and aerospace sectors, is widening opportunities for manufacturers of 3D printing materials. In addition, various industries, such as aerospace, automotive, etc., are shifting to 3D printing materials for the manufacturing of parts with improved resistance and strength. These materials are used in the aerospace industry for their mechanical properties and features to produce end products with high accuracy.
The growing need for dental prosthetics due to macroeconomic factors, including unhealthy eating habits of more people is resulting in tooth loss and tooth decay, which is driving demand for 3D printing materials in surgical equipment.
Related Market Projections for 2034
3D Printing Medical Devices Market | US$ 14 Billion |
Dental 3D Printing Market | US$ 24 Billion |
3D Food Printers Market | US$ 450 Million |
Key Takeaway from Market Study
The global 3D printing material market is calculated at US$ 1.63 billion in 2024.
Worldwide demand for 3D printing materials is projected to reach a market value of US$ 16.4 billion by the end of 2034.
The market is forecasted to advance at a CAGR of 26% from 2024 to 2034.
East Asia is anticipated to hold 24.6% share of the global market by the end of 2034.
3D printing filaments are approximated to account for 39.1% of the global market share by 2034-end.
Sales of 3D printing materials in South Korea are forecasted to rise at 27.6% CAGR from 2024 to 2034.
“Development of customized industrial-grade 3D printing materials and adoption of more advanced 3D printing technology in home printers are key factors projected to contribute to market growth,” says a Fact.MR analyst.
Report Attribute | Details |
Value Projection (2034) | US$ 16.4 Billion |
Growth Rate (2024-2034) | 26% CAGR |
No. of pages | 170 Pages |
No. of Tables | 92 Tables |
No. of Figures | 185 Figures |
Key Market Players
BASF New Business GbH
LPW Technology Ltd.
3D Systems Corporation
Impossible Objects Inc.
Arkema S.A.
SLM Solutions Group AG
Royal DSM N.V.
Markforged Inc.
The Exone Company
Stratasys Ltd.
Voxeljet AG
General Electric
Evonik Industries AG
Materialize NV
Hoganas AB
Sandvik AB
Corrosion Resistance Features of 3D Printing Filaments
Global demand for 3D printing filaments is expected to increase at a CAGR of 26.1% and reach a market value of US$ 6.41 billion by 2034. The rising demand for 3D printing filament is owing to its high melting temperatures and distinct properties. These filaments are used widely for the production of props, assembly parts, jigs & fixtures, and education models.
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More Valuable Insights on Offer
Fact.MR, in its new offering, presents an unbiased analysis of the 3D printing material market, presenting historical demand data (2018 to 2023) and forecast statistics for the period (2024 to 2034).
The study divulges essential insights into the market based on form (powder, filament, liquid), technology (fused filament fabrication, selective laser sintering, stereolithographic, direct metal laser sintering), type (plastic, metal, ceramic), application (prototyping, manufacturing, R&D), and vertical (automotive, aerospace & defense, healthcare, consumer goods, construction), across six major regions of the world (North America, Europe, East Asia, Latin America, South Asia & Oceania, and MEA).
Explore More Related Studies Published by Fact.MR Research:
3D Printing Medical Devices Market: The global 3D printing medical devices market is estimated at USD 2.9 Billion in 2022 and is forecast to surpass USD 11.5 Billion by 2032, growing at a CAGR of 14.5% from 2022 to 2032.
Dental 3D Printing Market: The global dental 3D printing market is valued at US$ 3 billion in 2023 and is projected to exhibit expansion at a phenomenal 22% CAGR over the next ten years to reach US$ 21.9 billion by the end of 2033.
3D Food Printers Market: The global 3D food printer market is set to estimate a valuation of US$ 55.3 million in 2023 and it is anticipated to grow at a CAGR of 22.6% to reach US$ 423.8 million by the end of 2033.
About Fact.MR:
Fact.MR is a distinguished market research company renowned for its comprehensive market reports and invaluable business insights. As a prominent player in business intelligence, we deliver deep analysis, uncovering market trends, growth paths, and competitive landscapes. Renowned for its commitment to accuracy and reliability, we empower businesses with crucial data and strategic recommendations, facilitating informed decision-making and enhancing market positioning. With its unwavering dedication to providing reliable market intelligence, FACT.MR continues to assist companies in navigating dynamic market challenges with confidence and achieving long-term success. With a global presence and a team of experienced analysts, FACT.MR ensures its clients receive actionable insights to capitalize on emerging opportunities and stay ahead in the competitive landscape.
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