Top 17 3D Printing Materials Companies, Worldwide 2023: MarketsandMarkets 360 Quadrant Revealed

3D Printing is the process of creating a three-dimensional object (or 3D) from a digital model using plastics, metals, or ceramics. These materials are known as 3D print materials. Materials used for 3D printing include plastics, metals including powders, resins and ceramics. Materials for 3D printing come in many shapes and sizes. Designers and engineering professionals prefer to create prototypes that are functional using 3D-printed materials with similar or identical material properties. Plastics is the most common 3D printed material. It comes in a variety of forms, including filaments, resins, granules and powders.

The global market for 3D printing materials is expected grow from USD 2.5 billion The year 2022 will be the first time that this happens. USD 7.9 billion By 2027, the market is expected to grow at a rate of 25,6% CAGR. Factors such as the ability to develop customized products, reduced manufacturing costs, and reduced downtime can all be attributed to market growth. High materials costs and a lack of standardization in the process control are two of the factors that limit the market’s development.

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Unveiling market leaders: Honouring excellence in 3D printing materials markets 

• Stratasys It was identified as the leading market in the 360 Quadrant owing to the wide range of products and the robust strategies it used to maintain its share. In 2022, the company held the largest market share. Stratasys has been a leader in the development of innovative 3D-printing solutions for industries including aerospace, automotive, consumer goods, and healthcare. Materials offered by Stratasys for 3D-printing and advanced manufacturing include thermoplastics and metals. The company focuses on developing complete solutions that address specific use cases in order to increase the footprint of 3D printing further within manufacturing.
• General Electric (GE), GE Additive, a business division of GE, is another notable entity in the 3D Printing Materials market. It has established a strong presence and built a reputation of excellence over the years. GE Additive is one of the leaders in providing machines, software, consultancy, and advanced AP&C powders, and spherical metal powders designed for additive manufacturing. The company focused its efforts on expanding its geographic reach, and developing its product portfolio to strengthen its market position.
• Carpenter Technology Carpenter Additive, a business unit of the company, has a strong presence in the 3D Printing Materials market. It is a well-known brand in this market. Carpenter Additive offers its PowderRange metals powders in various industries, including aerospace, medicine, transportation, energy and industrial. The company’s focus is on high-quality products and services for metal powder.
• 3D Systems The company is a major player on the 3D-printing materials market. The company offers an extensive range of products and service in the 3D-printing materials market. The company offers a wide range of 3D printing products, including plastics, elastomers, metals, wax and composite materials. The company wants to grow by expanding its core business as well as new categories on the market. The company also intends to concentrate on its metal system.

Companies that manufacture 3D-printing materials are categorized on 360 quadrants.

Evaluation of 3D Printing Materials Companies was done over 200 companies. Of these, the top 17 were classified and placed into a quadrant, Market Leaders, Contenders, Innovators, or Emerging Companies.

The market leaders segment included companies such as Stratasys, GE, Carpenter Technology and 3D Systems. All of these companies demonstrated their ability to influence market direction through their expertise. Stratasys and GE are among the companies that make up this group. Carpenter Technology, 3D Systems, and Stratasys also feature. These companies dominate the 3D Printing Materials industry, with nearly a third of the total market.

Arkema, Höganäs, Sandvik, and GKN Powder Metallurgy have been recognized as contenders in the 3D Printing Materials quadrant. These companies have a strong presence in the market and excel at specific niches. They may not be the market leaders but they have a significant impact and influence. These companies are focused on a specific technology and strive to be leaders in their segment.

Leaders have a larger market presence, while innovators in the quadrant are innovative companies. They are forward-thinking companies with the potential to be major players, despite their lower corporate growth strategies. Markforged, Formlabs and Materialise are among the leading companies in this field. Proto Labs Innovators in each quadrant were identified.

The 360 Quadrants evaluates 3D Printing Materials companies that are emerging. They specialize in specific areas, offer targeted support, flexible payment terms and prices, and have specialized knowledge. Although they have limited capabilities they are preferred in specific cases. These companies are using strategies to reach more clients and expand their sales. In this quadrant, Evonik is ranked as an emerging company, along with Solvay Henkel BASF and Huntsman.

Criteria for Evaluation

Over 200 vendors were evaluated, and the top 17 companies were identified as the leaders of the 3D Printing Materials quadrant. The market presence of the 3D Printing Materials Quadrant was determined by factors such as revenue and geographic presence. Growth strategies, investments and sales strategies were also considered. While the top criteria for product footprint evaluation included Material Form (Powder, Liquid, Filament), Material Type (Plastic, Metal, Ceramic), Technology Served, Application, and End-Use Industry (Automotive, Aerospace & Defense, Healthcare, and Consumer Goods, Construction).

360 Quadrants Score Methodology

360 Quadrants utilizes a transparent, comprehensive scoring method to evaluate companies. It determines relevant criteria for evaluation, collects and verifies data from multiple sources and uses an algorithm that weighs parameters to produce scores. Normalization is used to ensure fair comparisons. Aggregated scores then categorize each solution into a quadrant, such as Market Leaders or Contenders. This unbiased method provides users with accurate data, allowing them to make informed decisions and choose solutions that meet their objectives and needs.

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