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3D Printing Materials Market to Reach $11.08 Billion by 2031 – Growing Demand for Polymers in 3D Printing Applications and the Increasing Focus of Organizations on Product Development and Prototyping | Exclusive Report by Meticulous Research®

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REDDING, Calif., Sept. 23, 2024 /PRNewswire/ — According to a new market research report titled, ‘3D Printing Materials Market by Type (Polymers, Metals & Alloys, Ceramics & Composites), Form (Powders, Filaments, Liquids), Technology (FDM, SLS, SLA, MJF, EBM, Others), End User (Automotive, Healthcare, Others), and Geography- Global Forecast to 2031.

The 3D printing materials market is projected to reach $11.08 billion by 2031, at a CAGR of 23.8% from 2024 to 2031.

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Balancing Growth: Rising Demand and Innovation Drive the 3D Printing Market Amid Cost and Skill Challenges

The growth of this market is driven by the growing demand for polymers in 3D printing applications, the increasing focus of organizations on product development and prototyping, and government initiatives supporting the adoption of 3D printing technologies. However, the high costs of 3D printing materials restrain the growth of this market.

Furthermore, the application of 3D printing technologies in the education sector and enterprises’ increasing focus on hybrid material innovation are expected to generate market growth opportunities. However, the shortage of skilled professionals and limited material selection are major challenges impacting market growth.

Application of 3D Printing Technologies in the Education Sector

The use of 3D printing technologies in the education sector is expected to create growth opportunities for market stakeholders. 3D printing technologies help improve learning and skill development and increase student-teacher engagement. Also, working with 3D-printed models helps students improve creativity and solve complex problems with ease. 3D printing technologies improve students’ understanding by allowing them to physically touch and observe 3D-printed objects. Thus, the growing adoption of 3D printing technologies in the education sector is expected to drive the demand for 3D printing materials.

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Nowadays, educators have started implementing 3D printing technologies at all levels, from primary to secondary school. 3D printing technologies enable educators to provide students with accurate physical prototypes and, thus, practical, and hands-on knowledge, allowing them to understand scientific concepts. Many countries have started introducing 3D printing technologies in schools and universities. For instance, the Japanese Ministry of Economy, Trade, and Industry (METI) chose several universities and technical schools to subsidize two-thirds of their expenses toward introducing 3D printing technology. Also, following the U.S., Japan joined Britain and Australia in introducing 3D printing technologies in schools and other educational institutions.

Many universities and technical colleges have incorporated 3D printing modules and projects into various courses, such as engineering and applied sciences. The third-level 3D printing module focuses on building 3D printers from scratch and fabricating 3D models using various materials. 3D printing technologies thus aid visual and practical learning across sciences. 3D-printed components are often used as test models for scientific experiments in disciplines such as mechanical engineering, aerospace, and robotics. The use of 3D printers in public libraries helps improve knowledge exchange between learners. Also, university libraries have started maintaining dedicated makerspaces with 3D printers that can be used by all library members.

3D Printing Materials Market Analysis: Key Segmental Findings

By Type: In 2024, the polymers segment is expected to account for the largest share of 79.0% of the 3D printing materials market. However, the ceramics & composites segment is expected to register the highest CAGR of 31.8% during the forecast period 2024–2031.By Form: In 2024, the powders segment is expected to account for the largest share of 46.3% of the 3D printing materials market. However, the filaments segment is expected to register the highest CAGR during the forecast period 2024–2031.By Technology: In 2024, the Fused Deposition Modeling (FDM) segment is expected to account for the largest share of the 3D printing materials market. However, the Electron Beam Melting (EBM) segment is expected to register the highest CAGR during the forecast period 2024–2031.By End User: In 2024, the aerospace & defense segment is expected to account for the largest share of 25.0% of the 3D printing materials market. However, the industrial segment is expected to register the highest CAGR during the forecast period 2024–2031.

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Geographic Analysis:

Based on geography, the 3D printing materials market is segmented into North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa. In 2024, North America is expected to account for the largest share of 36.3% of the 3D printing materials market.

The consumer goods market is among the largest markets in North America. In recent years, many companies in the consumer goods space have started using 3D printing technology to manufacture products ranging from personalized headphones to customized footwear, which is expected to drive the demand for 3D printing materials in North America. Many companies have started setting up 3D printing material manufacturing plants in the region to cater to this growing demand. For instance, ARMOR Group, a France-based company, has set up 3D printing material manufacturing operations near Cincinnati, U.S. The plant also manufactures plastic products, such as thermal transfer ribbons.

The growing use of various 3D printing technologies for manufacturing orthopedic, cranial, and dental implants, surgical instruments, and prosthetics for the healthcare industry in the region is boosting the demand for 3D printing materials.

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Furthermore, various local players in the 3D printing space are collaborating with A&D companies to develop 3D printing technologies for the manufacture of high-performance aerospace & defense components. For instance, in October 2023, 3D Systems, Inc. (U.S.) launched its MJP 300W 3D printer and VisiJet Wax Jewel Ruby material. Thus, technological advances are also expected to support the growth of the 3D printing materials market in North America.

In 2024, the U.S. is expected to account for the dominant share of 95.0% of the 3D printing materials market in North America. The country’s large market share is mainly attributed to the growing adoption of 3D printing technology in healthcare, automotive, and industrial, among other applications, and the increasing demand for 3D printing technology in the country’s aerospace industry to manufacture stronger and lighter aircraft parts and components.

Asia-Pacific: The Fastest-growing Regional Market

Asia-Pacific is projected to register the highest CAGR of 28.6% during the forecast period 2024–2031. In 2024, China is expected to account for the largest share of the 3D printing materials market in Asia-Pacific. The manufacturing sector in Asia-Pacific is developing rapidly, with a growing interest in new technologies for efficient production. Additionally, increased digitization is driving the adoption of 3D printers in industries such as consumer goods, construction, healthcare, electronics, and semiconductors. China, India, Japan, South Korea, and Singapore are some of the largest economies in this region, with significant potential for the adoption of 3D printing technologies due to the rapid increase in industrialization.

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Manufacturing companies’ growing interest in new technologies and increasing government support for technology adoption have boosted the utilization of 3D printing technologies and materials in the region’s manufacturing sector. Increasing digitalization in the region has also fueled the adoption of 3D printing technology across the consumer goods, healthcare, construction, and education industries in Asia-Pacific.

The high adoption of 3D printing technology in the healthcare industry has accelerated the production and utilization of 3D printing materials. For instance, in February 2024, Lithoz GmbH (Austria) established a technology network to advance ceramic 3D printing. The network will initially consist of three Japanese ceramic companies—AS ONE (Japan), Mitsui Kinzoku ACT (Japan), and Yugyokuen Ceramics (Japan).

Germany Continues to Dominate the 3D Printing Materials Market in Europe

In 2024, Germany is expected to account for the largest share of the 3D printing materials market in Europe. Germany’s large share is attributed to the growing adoption of 3D printing technology among the country’s automotive companies.

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3D Printing Materials Market: Competition Analysis

This report offers a competitive analysis based on an extensive assessment of the leading players’ product portfolios, geographic presence, and key growth strategies adopted over the past 3–4 years. Major companies in the 3D printing materials market have implemented various strategies to expand their product offerings and global footprints and augment their market shares.

The key strategies followed by most companies in the 3D printing materials market include product launches, expansions, mergers & acquisitions, agreements, collaborations, and partnerships. The key players operating in the 3D printing materials market include Markforged, Inc. (U.S.), Sculpteo (France), Stratasys Ltd. (U.S.), Evonik Industries AG (Germany), Zortrax (Poland), 3D Systems, Inc. (U.S.), Proto Labs, Inc. (U.S.), MATERIALISE NV (Belgium), The ExOne Company (U.S.), IC3D, Inc. (U.S.), Desktop Metal, Inc. (U.S.), EOS GmbH (Germany), Tethon3D (U.S.), Lithoz GmbH (Germany), and Formlabs (U.S.).

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3D Printing Materials Industry Overview: Latest Developments from Key Industry Players

In March 2024, HP Inc. (U.S.) launched a new polymer material, HP 3D HR PA 12 S, enabled by Arkema (France), establishing a new benchmark in surface finish with lower costs per part. The new PA 12 S material sets the standard for surface aesthetics while reducing costs for customers using HP’s Jet Fusion 5200 Series 3D printing solutions.In February 2024, Lithoz GmbH (Austria) established a technology network to advance ceramic 3D printing. The network will initially consist of three Japanese ceramic companies—AS ONE (Japan), Mitsui Kinzoku ACT (Japan), and Yugyokuen Ceramics (Japan).In October 2023, Desktop Metal, Inc. (U.S.) launched ETEC Pro XL, an industrial polymer 3D printer that delivers extreme accuracy, resolution, and surface finish in a large build area with high throughput speeds. Additional updates to ETEC Pro XL include a 4K ultra-high-definition projector and proven HyperPrint technology for continuous, isotropic printing.In March 2021, STRATASYS LTD. (Israel) launched the J5 DentaJet multi-material 3D printing system to enable dental professionals to load mixed trays of dental parts. The J5 DentaJet can handle up to five different materials and allows dental labs to manufacture several parts with multiple materials for partial denture applications or dental implant cases.In March 2021, Evonik Industries AG (Germany) launched a new ready-to-use PEEK filament for 3D printing industrial plastic parts. The high-temperature material called INFINAM PEEK 9359 F is compatible with extrusion-based 3D printing processes such as FDM and FFF. It is designed to replace metals in “infinite” industrial 3D printing applications.

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Scope of the Report:

3D Printing Materials Market Assessment—by Type

PolymersPhotopolymersPolyamide (PA)Polylactic AcidAcrylic Styrene Acrylonitrile (ASA)Polycarbonates (PC)Polypropylene (PP)Thermoplastic Elastomers (TPE)Other PolymersMetals & AlloysSteelTitaniumNickelAluminumCopperCobalt-ChromeOther Metals & AlloysCeramics & Composites

3D Printing Materials Market Assessment—by Form

PowdersFilamentsLiquids

3D Printing Materials Market Assessment—by Technology

Fused Deposition Modeling (FDM)Selective Laser Sintering (SLS)Stereolithography (SLA)Direct Metal Laser Sintering (DMLS)PolyjetMulti Jet Fusion (MJF)Digital Light Processing (DLP)Electron Beam Melting (EBM)Other Technologies

3D Printing Materials Market Assessment—by End User

Consumer Packaged GoodsElectronic AppliancesJewelry & Artistic ItemsOther Consumer Packaged Goods ApplicationsAutomotiveIndustrialEquipment & MachinesGoods & MaterialsHealthcareImplantsDentalMedical DevicesAerospace & DefensePrototypesBody & Spare PartsEnergyConstructionOther End Users

3D Printing Materials Market Assessment—by Geography

North AmericaU.S.CanadaEuropeGermanyFranceU.K.ItalySpainRussiaRest of Europe (RoE)Asia-Pacific (APAC)ChinaJapanIndiaSouth KoreaRest of Asia-Pacific (RoAPAC)Latin AmericaBrazilMexicoRest of Latin America (RoLATAM)Middle East & AfricaIsraelUAERest of Middle East & Africa

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3D Printing Materials Market is projected to reach $11.08 billion by 2031, at a CAGR of 23.8% from 2024 to 2031 – https://www.meticulousresearch.com/product/3d-printing-material-market-5083

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3D Printing Materials Market Report Summary

Particulars

Details

Number of Pages

250

Format

PDF

Forecast Period

2024-2031

Base Year

2023

CAGR

23.8 %

Estimated Market Size (Value)

$11.08 billion by 2031

Countries Covered

North America (U.S., Canada), Europe (Germany, France, U.K., Italy, Spain, Russia, Rest of Europe), Asia-Pacific (China, Japan, India, South Korea, Rest of Asia-Pacific), Latin America (Brazil, Mexico, Rest of Latin America), and the Middle East & Africa (Israel, UAE, Rest of Middle East & Africa).

Key Companies

Markforged, Inc. (U.S.), Sculpteo (France), Stratasys Ltd. (U.S.), Evonik Industries AG (Germany), Zortrax (Poland), 3D Systems, Inc. (U.S.), Proto Labs, Inc. (U.S.), MATERIALISE NV (Belgium), The ExOne Company (U.S.), IC3D, Inc. (U.S.), Desktop Metal, Inc. (U.S.), EOS GmbH (Germany), Tethon3D (U.S.), Lithoz GmbH (Germany), and Formlabs (U.S.).

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KNEX Technology CTO Gustavo Gonzalez Elected 2025 President-Elect of OATUG

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January 11, 2025

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Gustavo Gonzalez, KNEX Technology’s CTO, has been elected 2025 President-Elect of OATUG, emphasizing his dedication to Oracle innovation, collaboration, and leadership, including Ascend 2025’s strategic initiatives.

IRVINE, Calif., Jan. 10, 2025 /PRNewswire-PRWeb/ — KNEX Technology, a leading Oracle Cloud solutions provider, is proud to announce that its Chief Technology Officer, Gustavo Gonzalez, has been elected as the 2025 President-Elect of the Oracle Applications & Technology Users Group (OATUG). This esteemed appointment highlights Gonzalez’s longstanding commitment to advancing innovation and collaboration within the Oracle community.

OATUG has played a pivotal role in my professional growth, and it is a privilege to contribute to this community which has enriched my career. As President-Elect, I look forward to collaborating with my peers to strengthen the Oracle user community and further its impact on businesses worldwide.

In his new role, Gonzalez will work closely with the OATUG leadership team throughout 2025, preparing to serve as OATUG President in 2026. He will focus on empowering Oracle professionals worldwide by fostering knowledge-sharing, community engagement, and professional development. OATUG, a globally recognized organization, supports its members in overcoming challenges, enhancing the value of Oracle solutions, and driving organizational success.

“OATUG has played a pivotal role in my professional growth, and it is a privilege to contribute to this community which has enriched my career,” said Gustavo Gonzalez. “As President-Elect, I look forward to collaborating with my peers to strengthen the Oracle user community and further its impact on businesses worldwide.”

Gonzalez’s election underscores his dedication to giving back to the Oracle ecosystem. A key focus of his role will include shaping OATUG’s strategic initiatives, such as the annual Ascend Conference, which unites Oracle users, thought leaders, and technology innovators for unparalleled learning and networking opportunities.

The upcoming Ascend 2025 Conference, scheduled for June 8–11 in Orlando, Florida, promises to build on the success of the 2024 event, which attracted more than 1,800 attendees. With early bird registration now open, Gonzalez aims to ensure the conference continues to deliver transformative insights and experiences for the Oracle community.

About OATUG

The Oracle Applications & Technology Users Group (OATUG) is the premier global organization for Oracle users, providing year-round education, networking, and advocacy. OATUG empowers its members to unlock the full potential of Oracle solutions, fostering innovation and collaboration across industries.

About KNEX Technology

KNEX Technology is a trusted leader in Oracle Cloud solutions, delivering cutting-edge products and services to help businesses achieve their objectives. Through its innovative approach and customer-focused strategies, KNEX enables organizations to navigate the complexities of today’s technology landscape. For more information, visit www.knextech.com.

Media Contact

Husna Gyasi, KNEX Technology, 1 (949) 232-0786, husna.ghayaisi@knextech.com, https://knextech.com/

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SOURCE KNEX Technology

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Dr. Gerard van Belle Appointed Director of Science at Lowell Observatory, Charting a Bold Future for Research

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January 11, 2025

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Dr. van Belle to guide scientific exploration and foster innovation in the next era of astronomical research

FLAGSTAFF, Ariz., Jan. 10, 2025 /PRNewswire/ — Lowell Observatory is pleased to announce the appointment of Dr. Gerard van Belle as the new Director of Science. Van Belle, who has been an astronomer at the observatory since 2011, has been serving as the interim Director of Science.

In his new role, van Belle will lead a diverse team of astronomers and planetary scientists. He will spearhead the observatory’s new Science Vision, which focuses on advancing research capabilities and implementing cutting-edge technological improvements supporting Lowell’s leadership in astronomical research.

Under his leadership, the science department will continue to advance Lowell Observatory’s mission to pursue the study of astronomy, including the study of our solar system and its evolution, and to conduct pure research in astrophysical phenomena.

Van Belle’s own research focuses on fundamental stellar parameters, including the sizes, shapes, masses, distances, and temperatures of various types of stars. He is also renowned for his expertise in optical and near-infrared astronomical interferometry.

He earned his bachelor’s degree in physics from Whitman College in 1990, followed by a master’s degree from The Johns Hopkins University in 1993, and a Ph.D. in physics from the University of Wyoming in 1996.

Throughout his career, van Belle has been instrumental in the development and commissioning of major optical interferometers worldwide, including the Palomar Testbed Interferometer, the Keck Interferometer, and the Very Large Telescope Interferometer. His pioneering work in stellar surface imaging earned him the inaugural Edward Stone Award for Outstanding Research Publication at NASA’s Jet Propulsion Laboratory in 2002.

In 2011, van Belle joined Lowell Observatory’s science staff, where he applied high-resolution astronomical techniques to detect nearby exoplanets and map stellar surfaces. He served as the Director of the Navy Precision Optical Interferometer (NPOI) in Flagstaff, Arizona, from 2017 to 2018, and subsequently as its Chief Scientist until 2022.

Notably, van Belle was among the astronomers who voted against the definition of ‘planet’ advanced during the 2006 International Astronomical Union (IAU) conference in Prague, which relegated Pluto to being a ‘dwarf planet’ (which according to the IAU resolution is not a planet).

His extensive experience and dedication to advancing astronomical research make him a valuable leader for Lowell Observatory’s scientific endeavors.

“I am honored to take on this role at such a pivotal time for Lowell Observatory,” said van Belle. “Our Science Vision will guide us in exploring new frontiers in astronomy while strengthening our commitment to public engagement and education.”

Executive Director Dr. Amanda Bosh expressed her confidence in van Belle’s leadership: “Gerard’s extensive experience and dedication to our mission make him the ideal person to lead our scientific endeavors. I look forward to working closely with him as we embark on this exciting new chapter for Lowell Observatory.”

For more information about Lowell Observatory’s research and public programs, visit lowell.edu.

About Lowell Observatory
Founded in 1894, Lowell Observatory in Flagstaff, Arizona, is a renowned nonprofit research institution. It is the site of historic and groundbreaking discoveries, including the first evidence of the expanding universe and the discovery of Pluto. Today, Lowell’s astronomers utilize global ground-based and space telescopes, along with NASA spacecraft, for diverse astronomical and planetary science research. The observatory hosts more than 100,000 visitors annually for educational tours, presentations, and telescope viewing through a suite of world-class public telescopes.

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ALTICE USA IS ABANDONING LOCAL SPORTS FANS AND IS KEEPING MSG NETWORKS AND ITS KNICKS, RANGERS, ISLANDERS AND DEVILS COVERAGE OFF THE AIR

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NEW YORK, Jan. 10, 2025 /PRNewswire/ — MSG Networks released the following statement about their dispute with Altice USA:

“Altice USA has pulled their last proposal and walked away from negotiations to bring MSG Networks back to its Optimum subscribers. They also just dropped WPIX Channel 11 in New York and other local stations around the country. If you have been waiting, like we have, for them to do right by their customers – don’t wait any longer. Now is the time to switch to Verizon Fios who has a special offer for Optimum subscribers. Meanwhile, Optimum has been charging their over 1 million customers for local sports programming they have not been receiving and EVERY subscriber should be credited at least $10 a month.

Verizon Fios is ready to take your business. If you are not in Verizon Fios area, you can get games through these other providers DirecTV, DirecTV Stream, Fubo and The Gotham Sports App. For more options on how to switch providers, visit www.keepMSG.com.”

About MSG Networks

MSG Networks, a pioneer in sports media, owns and operates two award-winning regional sports and entertainment networks (MSG and MSG Sportsnet) and MSG+, a direct-to-consumer and authenticated streaming offering (included in the Gotham Sports App), that serve the nation’s number one media market, the New York DMA, as well as other portions of New York, New Jersey, Connecticut and Pennsylvania. The networks feature a wide range of compelling sports content, including exclusive live local games and other programming of the New York Knicks, New York Rangers, New York Islanders, New Jersey Devils and Buffalo Sabres, as well as significant coverage of the New York Giants and Buffalo Bills. This content, in addition to a diverse array of other sporting events and critically acclaimed original programming, has established MSG Networks as the gold standard in regional sports. MSG Networks is part of the Sphere Entertainment Co. (NYSE: SPHR).

Contact:

Dan Schoenberg (dan.schoenberg@msg.com)

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SOURCE Sphere Entertainment Co.

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