3D Printing Photopolymer Market Size was valued at USD 929.5 Mn in 2023 and is predicted to reach USD 2,902.4 Mn by 2031 at a 15.5% CAGR during the forecast period for 2024-2031.
The global 3D printing photopolymer market is expected to grow during the forecast period. The process of 3D printing material is also known as additive manufacturing, which is the production process of quick and easy 3D printed devices. The use of 3D printing allows for the development of novel geometries, like trabecular meshwork, that promote bone growth on a given implant. These geometries can be designed, tested, and quickly prototyped, utilizing the selected production technique.
Consequently, there is a high demand for photopolymers for 3D printing in the medical sector, which will drive the expansion of the industry over the projection period. Technology and business are currently trying to increase the pace of photopolymer production. In dentistry, 3D printing is already used to produce a majority of dental aligner molds, surgical guides, and crowns. Still, technology has the potential to take the lead in this industry. Customized equipment and implants with high surface quality and fine feature detail can be created quickly with resin-based 3D printing material. The association for 3D printing has already started to lay out a road map identifying the leading raw material suppliers, production cost, and automation technology. also, government initiatives are rising.
The COVID-19 pandemic significantly impacted the 3D printing photopolymer market. While demand surged for medical equipment such as face shields and respirators, supply chains faced disruptions, causing production delays. Despite challenges, the market witnessed innovations, with photopolymer materials being used to manufacture intricate medical devices and personal protective equipment. As the world adapted to remote work and digital solutions, the adoption of 3D printing technology accelerated, albeit at a slower pace, due to economic uncertainties.
Competitive Landscape
Some of the Major Key Players in the 3D Printing Photopolymer Market are
- 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
Market Segmentation:
The 3D Printing Photopolymer Market is segmented by material and application. Based on material, the market is segmented into polymers, oligomers, monomers, additives, and other products. On the basis of application, the market is segmented into surgical models, wearable biosensors, implants, customized prosthetics, exoskeletons, and hearing aids. Implant segment further divided into cardiovascular implants, orthopaedic implants, dental implants and others.
Based on Material, the Polymer Segment Accounts for a Major Contributor to the 3D Printing Photopolymer Market
In the 3D printing photopolymer market, the polymers segment commands the largest share due to its widespread applicability and versatility. Polymers offer a diverse range of materials with varying properties, such as flexibility, strength, and durability, including aerospace, automotive, healthcare, and consumer goods. This segment's dominance is fueled by the continuous innovation in polymer formulations, enhancing print quality, speed, and material performance. Additionally, the cost-effectiveness of polymer-based 3D printing compared to traditional manufacturing methods further drives its adoption. Consequently, polymers remain the cornerstone of the 3D printing photopolymer market, poised for sustained growth and advancement.
The Implant Segment Witnessed Growth at a Rapid Rate
In the 3D printing photopolymer market, the implant segment holds the largest share due to its critical role in advancing medical treatments. 3D-printed implants offer customized solutions for patients, ensuring optimal fit and performance. These implants, including stents, heart valves, and vascular grafts, exhibit biocompatibility and biomechanical properties tailored to individual patient needs, reducing the risk of rejection and complications. The precision afforded by 3D printing enables intricate designs that enhance device functionality and patient outcomes. As the demand for personalized medical devices grows, the implant segment continues to drive innovation and expansion in the 3D printing photopolymer market.
In the Region, North America Holds a Significant Revenue Share in the 3D Printing Photopolymer Market
The North American 3D printing photopolymer market is expected to have a significant market share in terms of revenue due to urbanization, growing research and development activities, and technological advancements. Favorable government investments in the additive manufacturing industry are likely to drive the market growth in North America. The demand for 3D printing plastics has grown significantly in creating prototypes, and more manufacturers are expected to utilize additive manufacturing for high-volume production in the North American region. In addition, Asia Pacific is estimated to grow at a fast rate in the global 3D printing photopolymer market due to growing concerns about rapid industrialization, government initiatives, and increasing funding in various industries.
Recent Developments:
- 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.
Global 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 |
|
Competitive Landscape |
Bomar, Polysciences Inc., Alfa Aesar, Thermo Fisher Scientific, Ineos, 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, and other prominent players. |
|
Customization Scope |
Free customization report with the procurement of the report and modifications to the regional and segment scope. Particular Geographic competitive landscape. |
|
Pricing And Available Payment Methods |
Explore pricing alternatives that are customized to your particular study requirements. |
Corporate
Office :
Office No.5170, 5th Floor Marvel Fuego, Magarpatta Rd, Pune, 411028
info@insightaceanalytic.com
