Additive Manufacturing and Materials Market Size (2024 - 2029)

Additive Manufacturing Materials Market Analysis

The Additive Manufacturing and Materials Market size is estimated at USD 78.93 billion in 2024, and is expected to reach USD 202.17 billion by 2029, growing at a CAGR of 20.70% during the forecast period (2024-2029).

Production companies of all sizes currently view Additive Manufacturing as an essential component of their factories. With additive manufacturing, industries can manufacture finished goods that are stronger, lighter, and redesigned to have fewer parts while overcoming supply chain interruption.

• Industrial 3D printing technology is essential for factories to operate in plug-and-play mode. According to a survey by Sculpteo, 41% of the companies confirm that Additive Manufacturing has helped them complete their task more efficiently while improvising their process. 59% of users desire to use more sustainable materials, driven by the increasing number of bio-based materials in recent years. At the same time, 47% of 3D printing reduces the need for multiple resources because some designs are 'impossible' to achieve using traditional techniques.
• Additive Manufacturing is used widely in many industries, and the aerospace industry was the first to embrace 3D printing. In healthcare, medical devices and dentistry use 3D printing in items such as dental prostheses, inlays, and other implants. For further developments in 3D printing, imaging methods will measure the patient's knee or jaw and then send a CAD blueprint of the required implant directly to the 3D printer, which will immediately start building it.
• The Covid-19 pandemic allowed 3D printing to rise to the challenge. The rapid production of 3D-printed face masks and shields was possible using this technology. When new 3D printing materials, machines, and additive manufacturing techniques enter the market, companies proficient in 3D printing architectures can expand their services as the industries will approach them for innovative skills.
• UK-based Bently Motors adopted 3D printing with an investment of 3 million USD. This investment was used in multi-jet fusion technology and FDM machines. With powder-based technology, the automotive player could manufacture a batch of parts in a day and a half, thereby increasing its productivity compared to its counterparts.

Additive Manufacturing Materials Industry Segmentation

3D printing is a technology in which three-dimensional objects can be created by adding materials in layers to a computer-aided design (CAD) model. This 3D printing is also called Additive manufacturing (AM). AM enables the production of custom parts with intricate geometries and minimal waste, thereby reducing the cost of high-value parts. It helps in quick design alterations with efficiency during the manufacturing process, which reduces the lead times. The technology also makes it possible to construct things that formerly needed assembly from several pieces into a single entity, improving their strength and longevity.

Technology segments the Additive Manufacturing and Materials Market (Stereolithography, Fused Deposition Modeling, Laser Sintering, and Other Technologies), End User (Aerospace and Defense, Automotive, Healthcare, Industrial and Other End Users), Material (Plastic, Metals, and Ceramics), and Geography.

The market sizes and forecasts are provided in terms of value (USD million).