The 3D Printing Elastomers Market was valued at USD 274.69 million in 2023 and is supposed to reach USD 2095.24 million by 2031. It is expected to grow at a CAGR of 28.9% over the forecast period 2024-2031.
The growth of the 3D printing elastomers market is primarily driven by increasing demand across various industries such as automotive, healthcare, and consumer goods due to their unique properties like flexibility and durability. Technological advancements in 3D printing technologies, enabling precise and efficient printing of elastomers, also contribute to market growth. Moreover, the expanding applications of elastomers in prototyping, customization, and product development further fuel market expansion. Additionally, growing investments in research and development to enhance material properties and printing processes are propelling market growth. The adoption of 3D printing elastomers for manufacturing complex and customized parts with reduced lead times and costs serves as a significant growth factor.
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Market Dynamics
Drivers
Expanding applications in prototyping, customization, and product development.
Growing R&D investments to enhance material properties and printing processes.
Increasing demand across industries like automotive, healthcare, and consumer goods due to unique properties such as flexibility and durability.
The surge in demand for 3D printing elastomers across automotive, healthcare, and consumer goods industries is propelled by their exceptional properties, including flexibility and durability. In automotive applications, elastomers offer solutions for prototyping intricate parts and producing customized components with superior resilience. Similarly, in the healthcare and consumer goods sectors, the ability to fabricate flexible and durable products tailored to specific needs drives the adoption of 3D printing elastomers, revolutionizing product development and customization processes.
Restraint
Limited material options and challenges in achieving desired material properties.
High initial setup costs associated with 3D printing equipment and materials.
Opportunities
Increasing focus on sustainable manufacturing practices driving demand for bio-based elastomers.
Adoption for manufacturing complex and customized parts with reduced lead times and costs.
The utilization of 3D printing elastomers offers a notable opportunity in manufacturing by facilitating the production of intricate and personalized components. This approach substantially cuts down on lead times and expenses traditionally associated with tooling and prototyping. By enabling rapid iteration and customization without compromising quality, 3D printing elastomers empower industries to swiftly meet diverse market demands while enhancing operational efficiency and cost-effectiveness.
Challenges
Regulatory hurdles related to material safety and compliance
Impact of Russia-Ukraine War:
The Russia-Ukraine war disrupts the 3D printing elastomers market through a domino effect. Firstly, both countries are key suppliers of raw materials like butyl rubber, SBR, and carbon black, crucial for elastomer production. Finding alternative sources is difficult due to limited capacity elsewhere and the need for materials with matching performance. Secondly, the war inflates energy costs, impacting production costs for manufacturers. Labor shortages due to the conflict could further hinder manufacturing in the region. Market dynamics are also affected, with some industries potentially shifting focus away from non-essential applications of 3D-printed elastomers. Research and development of new materials and technologies could also be disrupted.
Impact of Economic Downturn:
During the period of economic downturn, tightened budgets led to some companies delaying or canceling projects using these materials, and overall investment in new technologies like 3D printing likely dipped. But here's the flip side: the focus on cost-effectiveness during the downturn made 3D printing's advantages like reduced waste and design flexibility more attractive. The impact wasn't uniform across industries though. Sectors reliant on discretionary spending, like high-end consumer products, might have seen a sharper decline, while those where 3D printing offers clear functional benefits, like healthcare, might have been more resilient. Overall, the economic downturn presented a complex situation for the 3D printing elastomers market, with both challenges and opportunities for companies that could effectively showcase the technology's cost-saving and innovative potential.
Market segmentation
By Form
Powder
Liquid
Filament
The powder form segment held the largest revenue share of more than 40% in the 3D printing elastomers market in 2023 due to its suitability for a wide array of applications. Powder-based elastomers offer precise control over material properties and can be utilized in various additive manufacturing processes like Selective Laser Sintering (SLS) and Powder Bed Fusion (PBF). Furthermore, advancements in powder-based 3D printing technologies have enhanced process efficiency and material performance, driving the dominance of the segment in the market.
By Material
Thermoplastic elastomer (TPE)
TPU (Thermoplastic polyurethane)
TPV (Thermoplastic vulcanizate)
Styrene-Butadiene Rubber (SBR) & Styrene-Butadiene-Styrene (SBS)
Others
Silicone
EPDM
Thermoplastic Copolyester
In 2023, the TPE segment led the material segment of the 3D printing elastomers market with the highest revenue share in 2023 attributed to its versatility, offering a balance of flexibility, durability, and ease of processing. TPEs are favored for their ability to be repeatedly melted and reshaped, making them ideal for various 3D printing applications. Furthermore, advancements in TPE formulations, providing enhanced properties such as chemical resistance and impact strength, have further propelled its adoption in diverse industries.
By Technology
FDM/FFF
SLS
SLA
DLP
Others
SLS technology dominated the technology segment of the 3D printing elastomers market with the highest revenue share of more than 37% in 2023 due to the capability of SLS to produce high-quality elastomer parts. SLS technology allows for the direct printing of elastomers from powdered materials, enabling intricate designs and complex geometries without the need for support structures. Additionally, advancements in SLS systems have improved printing speeds and material options, further enhancing its attractiveness for various industrial applications, thus solidifying its leading position in the technology segment.
By End-use Industry
Consumer Electronics
Industrial
Aerospace & Defense
Automotive
Healthcare
Others
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Regional Analysis
North America dominated the 3D Printing Elastomers Market with the highest revenue share of more than 32% in 2023. The region’s robust infrastructure supports technological advancements and innovation in 3D printing which drives the 3D printing elastomers market in this region. A strong presence of key players and established industries, particularly in automotive, healthcare, and aerospace, drives demand for elastomers in manufacturing customized and high-performance parts. Favorable government initiatives and investments in research and development further propel market growth.
Asia Pacific is predicted to grow at the highest CAGR in the 3D Printing Elastomers Market during the forecast period. Asia Pacific's anticipated leading CAGR is primarily attributable to the region's burgeoning manufacturing sector and rapid industrialization. Additionally, increasing investments in additive manufacturing technologies, coupled with government initiatives promoting innovation and technological adoption, are significant drivers. Moreover, the region's expanding consumer base and rising disposable incomes are fueling demand for customized products, further propelling market growth in Asia Pacific.
REGIONAL COVERAGE:
North America
US
Canada
Mexico
Europe
Eastern Europe
Poland
Romania
Hungary
Turkey
Rest of Eastern Europe
Western Europe
Germany
France
UK
Italy
Spain
Netherlands
Switzerland
Austria
Rest of Western Europe
Asia Pacific
China
India
Japan
South Korea
Vietnam
Singapore
Australia
Rest of Asia Pacific
Middle East & Africa
Middle East
UAE
Egypt
Saudi Arabia
Qatar
Rest of the Middle East
Africa
Nigeria
South Africa
Rest of Africa
Latin America
Brazil
Argentina
Colombia
Rest of Latin America
Key Players:
The major key players are Carbon Inc, Henkel, BASF SE, Dow Chemical Company, Formlabs, 3D Systems Inc, Stratasys Ltd, Proto Labs Inc, Materialise NV, EOS, Evonik Industries AG, Arkema SA, Sinterit, EnvisionTEC, The Lubrizol Corporation, ExOne, Zortrax, HP Development Company L.P., LANXESS, Impossible Objects, and Voxeljet AG.
Carbon Inc-Company Financial Analysis
Recent Development:
In Oct 2023, Evonik expanded its portfolio of elastomeric materials for powder bed In October 2023, Evonik expanded its range of elastomeric materials for powder bed fusion 3D printing technologies by introducing INFINAM® TPA 4006 P, a new powder grade specifically optimized for all types of open-source SLS 3D printing machines.
In September 2023, Carbon unveiled its latest elastomer material, EPU 46, boasting high-performance properties, exceptional durability, and a variety of color options. This versatile material is suitable for a wide range of applications including saddles, footwear, and grips.
Also in September 2023, Formlabs introduced Alumina 4N Resin, a pure ceramic material that enables the cost-effective production of 3D printed ceramics for aerospace, automotive, and industrial casting applications, offering a significant cost advantage over leading alternatives.
In April 2023, Arkema launched "EASY3D," an online on-demand additive manufacturing platform developed in collaboration with 3YourMind. This innovative platform is designed to streamline on-demand production for part manufacturers within an optimized ecosystem.
In October 2021, BASF Forward AM introduced its Ultrafuse Flexible Filament portfolio of materials for extrusion-based polymer 3D printers, expanding its range of innovative solutions for additive manufacturing.
| Report Attributes | Details |
|---|---|
| Market Size in 2023 | US$ 274.69 Million |
| Market Size by 2031 | US$ 2095.24 Million |
| CAGR | CAGR of 28.9% From 2024 to 2031 |
| Base Year | 2023 |
| Forecast Period | 2024-2031 |
| Historical Data | 2020-2022 |
| Report Scope & Coverage | Market Size, Segments Analysis, Competitive Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook |
| Key Segments | • By Form (Powder, Liquid, and Filament) • By Material (TPE, SBR & SBS, and Others) • By Technology (FDM/FFF, SLS, SLA, DLP, and Others) • By End-use Industry (Consumer Electronics, Industrial, Aerospace & Defense, Automotive, Healthcare, and Others) |
| Regional Analysis/Coverage | North America (US, Canada, Mexico), Europe (Eastern Europe [Poland, Romania, Hungary, Turkey, Rest of Eastern Europe] Western Europe] Germany, France, UK, Italy, Spain, Netherlands, Switzerland, Austria, Rest of Western Europe]), Asia Pacific (China, India, Japan, South Korea, Vietnam, Singapore, Australia, Rest of Asia Pacific), Middle East & Africa (Middle East [UAE, Egypt, Saudi Arabia, Qatar, Rest of Middle East], Africa [Nigeria, South Africa, Rest of Africa], Latin America (Brazil, Argentina, Colombia, Rest of Latin America) |
| Company Profiles | Carbon Inc, Henkel, BASF SE, Dow Chemical Company, Formlabs, 3D Systems Inc, Stratasys Ltd, Proto Labs Inc, Materialise NV, EOS, Evonik Industries AG, Arkema SA, Sinterit, EnvisionTEC, The Lubrizol Corporation, ExOne, Zortrax, HP Development Company L.P., LANXESS, Impossible Objects, and Voxeljet AG |
| Market Drivers | • Expanding applications in prototyping, customization, and product development. • Growing R&D investments to enhance material properties and printing processes. • Increasing demand across industries like automotive, healthcare, and consumer goods due to unique properties such as flexibility and durability. |
| Market Restraints | • Limited material options and challenges in achieving desired material properties. • High initial setup costs associated with 3D printing equipment and materials. |
Ans: The 3D Printing Elastomers Market was valued at USD 274.69 million in 2023.
Ans: The expected CAGR of the global 3D Printing Elastomers Market during the forecast period is 28.9%.
Ans: The primary factors driving the 3D Printing Elastomers Market include increasing demand across industries for customized and complex parts and technological advancements enhancing material properties and printing processes.
Ans: Challenges hindering the growth of the 3D Printing Elastomers Market include limited material options with desired properties and high initial setup costs associated with 3D printing equipment and materials.
Ans: Consumer Electronics led the End-use Industry segment of the 3D Printing Elastomers Market in 2023.
TABLE OF CONTENTS
1. Introduction
1.1 Market Definition
1.2 Scope
1.3 Research Assumptions
2. Industry Flowchart
3. Research Methodology
4. Market Dynamics
4.1 Drivers
4.2 Restraints
4.3 Opportunities
4.4 Challenges
5. Impact Analysis
5.1 Impact of Russia-Ukraine Crisis
5.2 Impact of Economic Slowdown on Major Countries
5.2.1 Introduction
5.2.2 United States
5.2.3 Canada
5.2.4 Germany
5.2.5 France
5.2.6 UK
5.2.7 China
5.2.8 Japan
5.2.9 South Korea
5.2.10 India
6. Value Chain Analysis
7. Porter’s 5 Forces Model
8. Pest Analysis
9. Average Selling Price
9.1 North America
9.2 Europe
9.3 Asia Pacific
9.4 Latin America
9.5 Middle East & Africa
10. 3D Printing Elastomers Market, By Form
10.1 Introduction
10.2 Trend Analysis
10.3 Powder
10.4 Liquid
10.5 Filament
11. 3D Printing Elastomers Market, By Material
11.1 Introduction
11.2 Trend Analysis
11.3 Thermoplastic elastomer (TPE)
11.3.1 TPU (Thermoplastic polyurethane)
11.3.2 TPV (Thermoplastic vulcanizate)
11.4 Styrene-Butadiene Rubber (SBR) & Styrene-Butadiene-Styrene (SBS)
11.5 Others
11.5.1 Silicone
11.5.2 EPDM
11.5.3 Thermoplastic Copolyester
12. 3D Printing Elastomers Market, By Technology
12.1 Introduction
12.2 Trend Analysis
12.3 FDM/FFF
12.4 SLS
12.5 SLA
12.6 DLP
12.7 Others
13. 3D Printing Elastomers Market, By End-use Industry
13.1 Introduction
13.2 Trend Analysis
13.3 Consumer Electronics
13.4 Industrial
13.5 Aerospace & Defense
13.6 Automotive
13.7 Healthcare
13.8 Others
14. Regional Analysis
14.1 Introduction
14.2 North America
14.2.1 USA
14.2.2 Canada
14.2.3 Mexico
14.3 Europe
14.3.1 Eastern Europe
14.3.1.1 Poland
14.3.1.2 Romania
14.3.1.3 Hungary
14.3.1.4 Turkey
14.3.1.5 Rest of Eastern Europe
14.3.2 Western Europe
14.3.2.1 Germany
14.3.2.2 France
14.3.2.3 UK
14.3.2.4 Italy
14.3.2.5 Spain
14.3.2.6 Netherlands
14.3.2.7 Switzerland
14.3.2.8 Austria
14.3.2.9 Rest of Western Europe
14.4 Asia-Pacific
14.4.1 China
14.4.2 India
14.4.3 Japan
14.4.4 South Korea
14.4.5 Vietnam
14.4.6 Singapore
14.4.7 Australia
14.4.8 Rest of Asia Pacific
14.5 The Middle East & Africa
14.5.1 Middle East
14.5.1.1 UAE
14.5.1.2 Egypt
14.5.1.3 Saudi Arabia
14.5.1.4 Qatar
14.5.1.5 Rest of the Middle East
14.5.2 Africa
14.5.2.1 Nigeria
14.5.2.2 South Africa
14.5.2.3 Rest of Africa
14.6 Latin America
14.6.1 Brazil
14.6.2 Argentina
14.6.3 Colombia
14.6.4 Rest of Latin America
15. Company Profiles
15.1 Carbon Inc.
15.1.1 Company Overview
15.1.2 Financials
15.1.3 Products/ Services Offered
15.1.4 SWOT Analysis
15.1.5 The SNS View
15.2 Henkel
15.2.1 Company Overview
15.2.2 Financials
15.2.3 Products/ Services Offered
15.2.4 SWOT Analysis
15.2.5 The SNS View
15.3 BASF SE
15.3.1 Company Overview
15.3.2 Financials
15.3.3 Products/ Services Offered
15.3.4 SWOT Analysis
15.3.5 The SNS View
15.4 Dow Chemical Company
15.4 Company Overview
15.4.2 Financials
15.4.3 Products/ Services Offered
15.4.4 SWOT Analysis
15.4.5 The SNS View
15.5 Formlabs.
15.5.1 Company Overview
15.5.2 Financials
15.5.3 Products/ Services Offered
15.5.4 SWOT Analysis
15.5.5 The SNS View
15.6 3D Systems Inc.
15.6.1 Company Overview
15.6.2 Financials
15.6.3 Products/ Services Offered
15.6.4 SWOT Analysis
15.6.5 The SNS View
15.7 Stratasys Ltd.
15.7.1 Company Overview
15.7.2 Financials
15.7.3 Products/ Services Offered
15.7.4 SWOT Analysis
15.7.5 The SNS View
15.8 Proto Labs Inc.
15.8.1 Company Overview
15.8.2 Financials
15.8.3 Products/ Services Offered
15.8.4 SWOT Analysis
15.8.5 The SNS View
15.9 Materialise NV
15.9.1 Company Overview
15.9.2 Financials
15.9.3 Products/ Services Offered
15.9.4 SWOT Analysis
15.9.5 The SNS View
15.10 EOS
15.10.1 Company Overview
15.10.2 Financials
15.10.3 Products/ Services Offered
15.10.4 SWOT Analysis
15.10.5 The SNS View
15.11 Evonik Industries AG
15.11.1 Company Overview
15.11.2 Financials
15.11.3 Products/ Services Offered
15.11.4 SWOT Analysis
15.11.5 The SNS View
15.12 Arkema SA
15.12.1 Company Overview
15.12.2 Financials
15.12.3 Products/ Services Offered
15.12.4 SWOT Analysis
15.12.5 The SNS View
15.13 Sinterit
15.13.1 Company Overview
15.13.2 Financials
15.13.3 Products/ Services Offered
15.13.4 SWOT Analysis
15.13.5 The SNS View
15.14 EnvisionTEC
15.14.1 Company Overview
15.14.2 Financials
15.14.3 Products/ Services Offered
15.14.4 SWOT Analysis
15.14.5 The SNS View
15.15 The Lubrizol Corporation
15.15.1 Company Overview
15.15.2 Financials
15.15.3 Products/ Services Offered
15.15.4 SWOT Analysis
15.15.5 The SNS View
15.16 ExOne
15.16.1 Company Overview
15.16.2 Financials
15.16.3 Products/ Services Offered
15.16.4 SWOT Analysis
15.16.5 The SNS View
15.17 Zortrax
15.17.1 Company Overview
15.17.2 Financials
15.17.3 Products/ Services Offered
15.17.4 SWOT Analysis
15.17.5 The SNS View
15.18 HP Development Company L.P.
15.18.1 Company Overview
15.18.2 Financials
15.18.3 Products/ Services Offered
15.18.4 SWOT Analysis
15.18.5 The SNS View
15.19 LANXESS
15.19.1 Company Overview
15.19.2 Financials
15.19.3 Products/ Services Offered
15.19.4 SWOT Analysis
15.19.5 The SNS View
15.20 Impossible Objects
15.20.1 Company Overview
15.20.2 Financials
15.20.3 Products/ Services Offered
15.20.4 SWOT Analysis
15.20.5 The SNS View
15.21 Voxeljet AG
15.21.1 Company Overview
15.21.2 Financials
15.21.3 Products/ Services Offered
15.21.4 SWOT Analysis
15.21.5 The SNS View
16. Competitive Landscape
16.1 Competitive Benchmarking
16.2 Market Share Analysis
16.3 Recent Developments
16.3.1 Industry News
16.3.2 Company News
16.3.3 Mergers & Acquisitions
17. USE Cases and Best Practices
18. Conclusion
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