MarketsandMarkets 360 Quadrant has revealed the Top 17 3D Printing Materials Companies worldwide for 2023.

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In today’s blog post, we will be discussing the top 17 3D Printing Materials Companies worldwide according to the recently released 360 Quadrant by MarketsandMarkets. This report aims to help businesses make quicker and more informed decisions by evaluating companies based on their market presence and product footprint, and it will be updated annually.

Before diving into the list, let’s first understand what 3D printing and 3D printing materials are. 3D printing is the technology of creating three-dimensional objects from digital files using materials such as plastic, metal, and ceramic. The materials used in this process are called 3D printing materials, which include plastics, metals (including powders), resins, and ceramics. These materials come in various shapes and sizes, and designers and engineers often use them to create functional prototypes that mimic the properties of the final product.

Plastics are the most commonly used 3D printing materials and are available in filament, resin, granule, and powder forms. The global 3D printing materials market is projected to grow from $2.5 billion in 2022 to $7.9 billion by 2027, with a compound annual growth rate (CAGR) of 25.6% during the forecasted period. This growth can be attributed to the ease of developing customized products and the reduction in manufacturing costs and process downtime. However, the high cost of materials and the lack of standard process control pose significant challenges to the market’s growth.

Now, let’s uncover the market leaders in the 3D printing materials industry according to the 360 Quadrant. Stratasys, with its wide product portfolio and robust business strategies, has been identified as the market leader. The company is a global leader in providing innovative 3D printing solutions for industries such as aerospace, automotive, consumer products, and healthcare. Stratasys offers materials such as photopolymers, thermoplastics, metals, and urethanes, and it focuses on developing complete solutions tailored to specific use cases.

General Electric (GE) through its GE Additive business division is another prominent entity in the 3D printing materials market. GE Additive provides machines, software, consultancy, and advanced powders designed for additive manufacturing. The company has established a strong presence and earned a reputation for excellence over the years by expanding its geographic reach and innovating its product portfolio.

Carpenter Technology, through its Carpenter Additive business unit, has also registered a strong position in the global 3D printing materials market. The company offers its suite of PowderRange metal powders to various sectors including aerospace, medical, transportation, energy, and industrial sectors. Carpenter Technology focuses on developing high-quality metal powder products and services.

Lastly, 3D Systems is a comprehensive player in the 3D printing materials market, offering a wide range of products and services. The company provides plastic, elastomer, metal, wax, and composite materials, among others. 3D Systems aims to grow through the expansion of its core business and new adjacent categories in the market, with a particular focus on its metal systems.

Apart from these market leaders, the report also categorizes companies as contenders, innovators, and emerging companies based on their offerings and market influence. Some notable contenders include Arkema, Höganäs, Sandvik, and GKN Powder Metallurgy.

In conclusion, the 360 Quadrant for Top 17 3D Printing Materials Companies, Worldwide 2023 provides valuable insights into the leading players in the industry. By evaluating companies based on their market presence and product footprint, this report assists businesses in making informed decisions. As the 3D printing materials market continues to grow, these market leaders, contenders, and innovators will play a crucial role in shaping its direction and providing innovative solutions for various industries.

In the world of 3D printing materials, there are companies that stand out for their focus on specific technologies and their drive to establish leadership in their chosen segment. These companies, known as innovators, have a strong product portfolio and are highly innovative, but they may have a smaller market presence compared to industry leaders.

Markforged, Materialise, Formlabs, and Proto Labs are among the innovators in the 3D printing materials industry. These companies push industry boundaries with their forward-thinking approaches and have the potential to become major players, despite having lower corporate growth strategies.

To effectively evaluate emerging companies in the 3D printing materials industry, 360 Quadrants takes a detailed look at specific areas and offers specialized knowledge, targeted support, flexible terms, and competitive prices. While these companies may have limited capabilities, they are preferred for specific use cases.

Another segment of the quadrant focuses on emerging companies that employ strategies to expand sales and reach a broader client base. Evonik, Solvay, Henkel, BASF, and Huntsman have been identified as emerging companies in this space.

So, how does 360 Quadrants evaluate these companies? The vendor evaluation process involves assessing over 200 companies, out of which the top 17 are categorized as quadrant leaders. Factors such as revenue, geographic presence, growth strategies, investments, and sales strategies are considered to determine the market presence of companies in the 3D printing materials quadrant. The evaluation also looks at criteria related to product footprint, including material form, material type, technology served, application, and end-use industry.

360 Quadrants employs a comprehensive and transparent scoring methodology to evaluate companies. It identifies relevant evaluation criteria, collects and validates data from multiple sources, and uses an algorithm that considers parameter weights to generate scores. Normalization is applied to ensure fair comparisons, and the aggregated scores categorize solutions into quadrants such as Market Leaders, Contenders, Innovators, and Emerging Companies.

The goal of this unbiased approach is to equip users with accurate information, allowing them to make well-informed decisions and select solutions that best suit their needs and objectives.

For those interested in learning more about 3D printing materials and the companies leading the industry, 360 Quadrants offers a free marketing kit that can be claimed on their website. It’s a valuable resource for staying informed about the latest developments and trends in the 3D printing materials market.

About MarketsandMarkets™

MarketsandMarkets™ is a growth consulting and program management firm that helps organizations in the B2B space drive supernormal growth. With a wide lens on emerging technologies, they specialize in co-creating growth opportunities in the B2B economy. They work with clients on growth programs, helping them monetize new revenue streams and stay relevant in a disruptive ecosystem.

Using cutting-edge AI-powered market intelligence and years of research, MarketsandMarkets™ offers insights and strategies that are molded by industry experts. Their KnowledgeStore™, a Market Intelligence Cloud, integrates research and facilitates analysis of interconnections, allowing clients to understand the revenue shifts happening in their industry.

In addition to their work in the 3D printing materials industry, 360 Quadrants will be launching quadrants in other sectors such as Chemicals and Materials, Packaging, Energy & Power, and Healthcare. Their goal is to provide comprehensive and interactive quadrants that offer valuable insights for businesses and professionals.

For media inquiries, please contact:

Mr. Agney Sugla

MarketsandMarkets™ INC.

630 Dundee Road, Suite 430

Northbrook, IL 60062

USA: +1-888-600-6441

Email: agney@marketsandmarkets.com

With all of this information, businesses and professionals can stay up to date with the top 3D printing materials companies worldwide and make informed decisions about their own operations and strategies.

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