JERSEY CITY, N.J., May 23, 2024 /PRNewswire/ -- InsightAce Analytic
Pvt. Ltd. announces the release of a market assessment report on
the "Global 3D Printing Photopolymer Market- (By Material
(Polymers, Oligomers, Monomers, Additives, and Other), By
Application (Surgical Models, Wearable Biosensors, Customized
Prosthetics, Exoskeletons, and Hearing Aids), By Region, Trends,
Industry Competition Analysis, Revenue and Forecast To
2031."
According to the latest research by InsightAce Analytic, the
Global 3D Printing Photopolymer Market is valued at
US$ 929.5 Mn in 2023, and it is expected to reach
US$ 2,902.4 Mn by 2031, with a
CAGR of 15.5% during the forecast period of
2024-2031.
The use of 3D printing in industries is commonly referred to as
additive manufacturing (AM). With the use of software and a
3-dimensional printer, additive manufacturing comprises the
layer-by-layer addition of material to construct an item, referring
to a three-dimensional file. Significant use of 3D printing
technology in pharmaceutical applications and aerospace &
defence parts is anticipated to drive the market.
Photopolymers are the most commonly used materials under
polymers in 3D printing technology. These materials are inexpensive
compared to metals and significantly more reliable, which is one
aspect behind their increasing popularity. As 3D printing matures,
developers continue to explore photopolymer chemistries and
capabilities to offer materials that compete with traditional
ways.
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List of Prominent Key Players in the 3D Printing
Photopolymer Market:
- Bomar
- Polysciences Inc.
- Alfa Aesar
- Thermo Fisher Scientific
- Inoes
- Röhm GmbH
- BASF
- SOLTECH LTD.
- Mohini Organics Pvt. Ltd
- Fushun Donglian Anxin Chemical Co., Ltd
- Gelest Inc.
- Sinocure Chemical Group
- Kyoeisha Chemical Co., Ltd.
- AGC
- Allnex GMBH
- Evonik
- Sartomer arkema
- Miwon
- Other Prominent Players
3D Printing Photopolymer Market Report Scope:
Report
Attribute
|
Specifications
|
Market Size Value In
2023
|
USD 929.5 Mn
|
Revenue Forecast In
2031
|
USD 2,902.4
Mn
|
Growth Rate
CAGR
|
CAGR of 15.5% from 2024
to 2031
|
Quantitative
Units
|
Representation of
revenue in US$ Mn, Volume (Tons) and CAGR from 2024 to
2031
|
Historic
Year
|
2019 to 2023
|
Forecast
Year
|
2024-2031
|
Report
Coverage
|
The forecast of
revenue, the position of the company, the competitive market
structure, growth prospects, and trends
|
Segments
Covered
|
By Material, By
Application and By Region
|
Regional
Scope
|
North America; Europe;
Asia Pacific; Latin America; Middle East & Africa
|
Country
Scope
|
U.S.; Canada; U.K.;
Germany; China; India; Japan; Brazil; Mexico; France; Italy; Spain;
Southeast Asia; South Korea
|
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Market Dynamics:
Drivers-
The demand for 3D printing plastics has grown in creating
prototypes over the past few years. The demand for manufacturing in
various industries, such as automotive, healthcare, aerospace, and
defence, is driving the growth of the 3D printing plastics market.
The ease of customized product development and favourable
government investments also contribute to market growth. The
increasing supply of 3D printing plastics due to the forward
integration of major polymer companies is further enhancing the
availability of polymers for 3D printing. It is expected to lead to
market expansion. In 3D printing, photopolymers are used in
processes like stereolithography (SLA) and digital light processing
(DLP), where a U.V. laser or projector cures liquid resin layer by
layer to build a 3D object. These techniques offer high-resolution
and intricate details, making them popular in prototyping,
dentistry, and jewelry manufacturing industries.
Challenges:
The major restraining factor for the market to grow is the need
for a skilled workforce and higher lead time in the manufacturing
process. One of the biggest obstacles is the need for more skilled
technicians for the polymer-based 3D printing business in
healthcare.
The pool of resources for employees skilled in 3D printing is
relatively small, which is made worse by the industry's rapid
technological and material development. Another barrier to the
widespread adoption of photopolymer 3D printing is the production
and equipment cost. The high cost and low availability of 3D
printers in different regions also pose a problem for the revenue
growth of the 3D printed medical devices market.
Regional Trends:
The North American 3D printing photopolymer market is expected
to register a major market share and is projected to grow at a high
CAGR in the near future. Growing population, rapid urbanization,
and increasing industrialization are factors expected to increase
the growth of the market in the region.
Besides, Europe had a
significant share in the market owing to its developed economy and
growing adoption of the product due to the adoption of new
strategies by the major key players in the green chemicals market.
Moreover, the involvement of key market players and increasing
collaboration among them in the region provides the opportunity for
growth of the global 3D printing photopolymer market.
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Recent Developments:
- In March 2024, Desktop Metal and
Evonik have announced that the qualification of the INFINAM ST 6100
L for the ETEC Xtreme 8K and the Pro
XL signifies the expansion of their collaboration in the
development of photopolymers and materials. The ultimate tensile
strength (UTS) of Evonik INFINAM ST 6100 L is 90 MPa, while its
flexural stress is 135 MPa and it reaches a thermal deflection
temperature of 120°C. Additionally, the material provides
'exceptional' precision, surface texture, and resistance to
numerous chemicals and UV degradation.
- In February 2023, iGM Resins
signed a distribution agreement with Qualipoly Chemical
Corporation, the leading company in the industrial supplies
market.
- In February 2023, Arkema Inc.
signed a distribution agreement with Qualipoly Chemical
Corporation, the leading company in the industrial supplies
market.
- In March 2022, BASF declared its
plan to build a new world-scale production plant for alkyl
ethanolamines at the Verbund site in Antwerp, Belgium.
Segmentation of Global 3D Printing Photopolymer
Market-
Global 3D Printing Photopolymer Market- By
Material
- Polymers
- Oligomers
- Monomers
- Additives
Global 3D Printing Photopolymer Market- By
Application
- Surgical Models
- Wearable Biosensors
- Implants
- Cardiovascular Implant
- Orthopaedic Implant
- Dental Implant
- Others
- Customized Prosthetic
- Exoskeleton
- Hearing Aids
Global 3D Printing Photopolymer Market- By
Region
North America-
Europe-
- Germany
- The UK
- France
- Italy
- Spain
- Rest of Europe
Asia-Pacific-
- China
- Japan
- India
- South Korea
- Southeast Asia
- Rest of Asia Pacific
Latin America-
- Brazil
- Argentina
- Rest of Latin America
Middle East & Africa-
- GCC Countries
- South Africa
- Rest of Middle East and
Africa
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Why should buy this report:
- To receive a comprehensive analysis of the prospects for global
3D Printing Photopolymer market
- To receive industry overview and future trends of global 3D
Printing Photopolymer market
- To analyze the 3D Printing Photopolymer market drivers and
challenges
- To get information on the 3D Printing Photopolymer market size
value (US$ Mn) forecast till 2031
- Major Investments, Mergers & Acquisition in global 3D
Printing Photopolymer industry
Other Related Reports Published by InsightAce
Analytic:
3D Printed Medical Devices Market
3D Printed Medical Sensor and Biosensor Market
3D Bioprinting for Tissue and Organ Regeneration Market
Next Generation Bioprinting Market
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