3D Printing Materials Market Worth $4.5 Billion by 2025 - Exclusive Report by MarketsandMarkets

CHICAGO, July 14, 2020 /PRNewswire/ -- According to the new market research report "3D Printing Materials Market by Type (Plastic, Metal, Ceramic), Form (Powder, Liquid, Filament), Technology, Application, End-Use Industry (Automotive, Aerospace & Defence, Healthcare, Consumer Goods, Construction), And Region – Global Forecast To 2025", published by MarketsandMarkets, the 3D Printing Materials Market size is estimated to grow from USD 1.6 billion in 2020 to USD 4.5 billion by 2025, at a CAGR of 23.5% during the forecast period.

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The 3D printing materials market is witnessing significant growth because of the growing demand from industries such as healthcare, automotive, and aerospace & defense.

The aerospace & defense end-use industry is estimated to account for the largest share of the 3D printing materials market in 2020 

Aerospace & defense is the major end-use industry in the 3D printing materials market. North America and Europe are the key markets due to the presence of the aerospace & defense industry and high demand for metal 3D printed metal materials. However, the demand for 3D printing materials is expected to witness sluggish growth in 2020 due to COVID-19 that has enforced lockdown across national and international borders. This has resulted in reduced wind capacity installations and the temporary suspension of operations in the automotive, aerospace, and construction industries.

Prototyping is the largest application of 3D printing materials.

Prototyping is the key application in the 3D printing materials market. The 3D printing materials market in the manufacturing application is projected to register the highest growth rate during the forecast period. This high growth of manufacturing application is attributed to the growing adoption of 3D printing in the aerospace & defense, automotive, and healthcare industries.