Global 3D Printing Photopolymer Market Size By Technology (Digital Light Processing, Polyjet, Stereolithography, Urethane Casting), By Light Spectrum (Ultraviolet, Visible, Infrared), Vertical (Healthcare, Aerospace & Defense, Automotive, Heavy Industry, Manufacturing, Consumer Goods, Electronics & Electrical, & Others), and Region - Market Share, Trend Analysis, Competitive Intelligence, Historical Data, and Forecast 2023 - 2030
Market Perspective
The global 3D Printing Photopolymer Market was worth around USD 2.78 billion in 2022 and is anticipated to grow to around USD 12.05 billion by 2030 at a CAGR of 20.32% between 2023 and 2030.
Photopolymers are widely used in the field of 3D printing, particularly in the category of polymers. These materials are gaining immense popularity due to their affordability and reliability in comparison to metals, which is driving their increasing adoption. As the field of 3D printing continues to advance, developers are actively exploring different photopolymer chemistries and capabilities to create materials that can compete with rival traditional manufacturing methods. Some of the commonly used 3D printing methods that utilize photopolymers include digital light processing, stereolithography, and polyjet. These methods enable precise and intricate printing, making photopolymers a versatile choice for a wide range of applications.
Moreover, strategies in place by key players for growth and expansion imperatives further propel market growth in untapped potential regions. Key strategies adopted by major players such as partnerships, collaborations, and acquisitions are likely to offer promising growth opportunities in the near future.
Key Insights
- Based on type, the digital light processing segment held the dominating position in 2022
- Based on light spectrum, the ultraviolet segment acquired the largest market share in 2022
- Based on vertical, the healthcare segment is expected to grow with the highest CAGR over the forecast period
- On the basis of region, North America accounted for the largest market share in 2022
Technological Advancements in Printing Technologies Aid the Growth of 3D Printing Photopolymer Market
The market is experiencing significant growth, mainly driven by advancements in printing technologies. Printing companies are leveraging innovative print technologies to reduce costs, improve efficiency, and meet deadlines. This growth is further fueled by the application of advanced technologies in areas such as 3D organ bioprinting and recyclable footwear. The development of digital light processing, stereolithography, and polyjet methods has enabled precise and intricate printing using photopolymers.. These technological advancements and the expanding range of applications are propelling the growth of the 3D printing photopolymer market, making it a promising sector for future innovation and development.
Rising Demand for 3D Printing in Additive Manufacturing to Aid Market Development
The global 3D printing photopolymer market is witnessing significant growth due to increasing demand for 3D printing solutions in various industries. Additive manufacturing, which is driving this demand, offers versatile features and allows for the creation of patient-centric dose forms with precise dimension and microstructure control. Additive manufacturing provides numerous possibilities in terms of supply chain optimization, product development, and innovative business models. Its applications span across different sectors, including visual and functional prototypes, small and medium-series production, and large-scale manufacturing. This technology enables original equipment manufacturers (OEMs) across diverse industries to differentiate themselves in the market by offering distinctive customer benefits, potential cost reductions, and meeting sustainability goals. The growing adoption of additive manufacturing is expected to continue to fuel the growth of the global 3D printing photopolymer market in the coming years.
Concerns Pertaining to High Maintenance Cost of 3D Printers May Hinder Market Growth
The global 3D printing photopolymer market is expected to face growth constraints through the forecast period due to the higher costs associated with these materials compared to traditional machines. Industrial solutions using photopolymers incur higher expenses and require more maintenance, resulting in increased prices for consumers. However, the demand for technology upgrades and maintenance is driven by the need to protect initial capital investments. Consequently, the requirement for substantial initial investments and subsequent reinvestments for maintenance purposes poses limitations on the growth potential of the global 3D printing photopolymer market.
Recent Development
September 2023 (Acquisition)- M. Holland Company, a leading international distributor of thermoplastic resins and ancillary materials, announced that Interfacial Consultants LLC, a material science-based products and services company, acquired M. Holland's 3D printing group.
Segmentation Analysis
Based on technology, the global 3D printing photopolymer market is categorized into digital light processing, polyjet, stereolithography, and urethane casting. The digital light processing segment led the market in 2022, capturing the largest share. This growth can be attributed to the various advantages associated with digital light processing, such as the ability to create intricate designs, faster printing speeds, and reduced costs. These advantages make digital light processing a preferred choice for a wide range of industries. Additionally, the faster cycle times and printing speed offered by this technology further enhance its applicability and contribute to its growth in the market.
Based on light spectrum, the global 3D printing photopolymer market is categorized into ultraviolet, visible, and infrared. The ultraviolet segment accounted for the largest revenue share in 2022. This growth is mainly driven by the increasing adoption of ultraviolet photopolymers across various industries, including oil and gas, aerospace, and defense, and automotive, among others. Ultraviolet photopolymers are primarily used for creating prototypes and models that closely resemble finished products. The ability of ultraviolet light to initiate the curing process in photopolymers makes it a preferred choice for achieving high-quality and accurate 3D prints. This growing traction and increasing applications of ultraviolet photopolymers contribute to its dominant position within the 3D printing photopolymer industry.
Based on vertical, the global 3D printing photopolymer market is categorized into healthcare, aerospace & defense, automotive, heavy industry, manufacturing, education, electronics & electrical, & others. The healthcare segment dominated the market in 2022 owing to increasing demand for 3D printing photopolymer products in medical applications. The healthcare industry is driving the need for 3D printing photopolymers due to their cost-effectiveness, ability to customize medical devices, and the rising incidence of vascular and arthritic conditions. The use of 3D printing photopolymers in the medical field offers advantages such as enhanced patient outcomes, reduced costs, and improved treatment options. These factors contribute to the growing adoption and demand for 3D printing photopolymer products in the healthcare sector, establishing it as a dominant segment in the market.
North America is the Dominating Region Due to Robust Industry 4.0 Penetration
North America has emerged as the leading market for 3D printing photopolymer market in 2022. This can be attributed to the increasing application of Internet of Things (IoT) technologies and advancements in the region. Additionally, the presence of major players in the market and the Industry 4.0 initiative aimed at improving industrial productivity further contribute to North America's market dominance.
Exponential Expansion of Industrial Sector in Emerging Countries to Surge the Market Growth in Asia-Pacific
Asia Pacific is expected to witness significant growth in the forecast years. This growth is driven by the rising demand for 3D printing photopolymers across various industries. For instance, Cyfuse, a Japan-based startup, is currently focusing on the development of a 3D printer capable of producing 3D cellular products for practical use. This reflects the increasing adoption and demand for 3D printing photopolymers in the Asia Pacific region.
Competitive Landscape
The global 3D printing photopolymer market is fragmented with key players such as Dassault Systèmes, Stratasys, 3D Systems Corporation, Kudo3D, Carbon, Inc., Formlabs, Arkema, ENVISIONTEC US LLC, SABIC, and MAKEX. Companies employ a variety of strategic measures such as acquisitions, mergers, partnerships, product introductions, and collaborations to expand their business globally and enhance their competitive position.
The global 3D Printing Photopolymer Market is segmented as follows:
By Technology
- Digital Light Processing
- Polyjet
- Stereolithography
- Urethane Casting
By Light Spectrum
- Ultraviolet
- Visible
- Infrared
By Vertical
- Healthcare
- Aerospace & Defense
- Automotive
- Heavy Industry
- Manufacturing
- Education
- Electronics & Electrical
- Others
By Region
- North America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- U.K.
- France
- Italy
- Spain
- Russia
- Rest of Europe
- Asia-Pacific
- China
- Japan
- India
- South Korea
- Rest of Asia-Pacific
- Middle East & Africa
- GCC
- South Africa
- North America
- Rest of Middle East & Africa
- Latin America
- Brazil
- Argentina
- Rest of Latin America
ARE YOU SEEKING COMPREHENSIVE INSIGHT ON VARIOUS
MARKETS?
CONTACT OUR EXPERTS TODAY
Speak to an Expert
Global D Printing Photopolymer Market Size
- March-2024
- 148
- Global
- healthcare-medical-devices-biotechnology
Related Research
2022-2030 Global and Regional B-Cell Non-Hodgkin`s Lymphoma (NHL) Treatment Industry Production, Sa
February-2021
2022-2030 Global and Regional Organ Transplant Diagnostics Industry Production, Sales and Consumpti
February-2021
2022-2030 Global and Regional Prostacyclin Drug Industry Production, Sales and Consumption Status a
February-2021
2022-2030 Global and Regional Spinal and Bulbar Muscular Atrophy Treatment Industry Production, Sal
February-2021
2% Chlorhexidine Gluconate (CHG) Cloths-Global Market Status & Trend Report 2022-2030 Top 20 Countri
April-2021
2021-2027 Global and RegioAnal Nasal Gels Industry Production, Sales and Consumption Status and Pros
February-2021
2021-2027 Global and Regional 2019-nCoV Detection Server Industry Production, Sales and Consumption
February-2021
2021-2027 Global and Regional ? Collagen Quantitative Determination Kit Industry Production, Sales a
February-2021
2021-2027 Global and Regional Anti-TNF Monoclonal Antibody Industry Production, Sales and Consumptio
February-2021