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According to research by business intelligence firm IDTechEx, published as “3D Printed Materials Market 2020–2030 – COVID Edition”, the market for 3D printing materials has been affected by the COVID-19 pandemic, but plenty of market drivers point to a strong future. Indeed, IDTechEx forecasts that the global market for 3D printing materials will be worth $18.4 billion in 2030.
3D printing in both domestic and industrial settings has boomed since the fused deposition printing process came off patent in 2009, and commercial 3D printing undertaken in factories and by 3D printing bureaus is now an established industry vertical.
While these end-users initially produced mostly prototypes or items for product development, their scope has increased greatly in the past few years, and we now see 3D printing moving into mainstream manufacturing and onto production lines. This is due to significant, recent evolution in printers and printer consumables.
It is now possible to print bigger and more intricate items than ever before in a wide (and growing) range of materials. Materials covered in IDTechEx’s report include photosensitive resins, thermoplastic powders, thermoplastic filaments, metal powders, metal wire, and ceramic powders.
This range of technologies and products and increasing versatility – in particular, the ability to print biocompatible and even safety-critical components – is helping to make additive manufacturing a growing presence in the supply chain, as firms in many industries begin to integrate it into production lines. Now that metal alloys can be 3D printed to very precise specifications –with the ability to vary proportions and composition across a single component – printed elements are now being used in commercial airliners, and aerospace customers are looking to extend their use. The development of bio-sourced and biocompatible printing materials is paving the way to markets in medical and research settings.
The facts that 3D printing is highly customizable and can be undertaken locally are also strengths in markets that increasingly demand these. For example, at the start of the COVID-19 pandemic, when healthcare was crying out for effective PPE and medical consumables, responses often came from relatively small, local companies using 3D printing to make bespoke masks, swabs, and valves for CPAP machines. The need for bespoke solutions is not restricted to critical applications; customization is sought in retail, too.