3d printing materials Market - Industry Size, Competitive Analysis and 2028 Growth Forecasts
The global 3D printing materials market size is expected to reach USD 7,823.1 Million in 2028 and register a revenue CAGR of 21.5% over the forecast period, according to latest report by Reports and Data. 3D printing materials market revenue growth is expected to be driven by growing use in aerospace, healthcare, automotive, construction, and consumer goods industries. Manufacturers across the globe are adopting 3D printing technology to reduce production time, enhance product properties, and lower labor cost. The flexibility to produce complex geometries, which are difficult to develop using traditional manufacturing processes, is expected to drive market revenue growth. However, cost of materials used in 3D printers, such as metals and polymer powder, is comparatively high as compared to the cost of materials utilized in traditional production methods. This, in turn, could hamper revenue growth of the global market. High demand for 3D printing materials in the healthcare industry