According to the new market research report “3D Printing Elastomers Market by Form (Powder, Filament, Liquid), Material (TPE, SBR & SBS), Technology (FDM/FFF, SLA, SLS, DLP),End-use Industry (Automotive, Consumer Goods, Aerospace & Defense, Medical & Dental), Region – Global Forecast to 2026“, MarketsandMarkets: The 3D printing elastomers market is projected to grow from USD 162 million in 2021 and is projected to reach USD 583 million by 2026, registering a CAGR of 29.1% from 2021-2026. The growing adoption of home 3D printers in the North American and European regions is one of the major factors augmenting the demand for 3D printing elastomers.
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Based on material, the 3D printing elastomers market has been segmented into thermoplastic elastomer (TPE), styrene-butadiene rubber (SBR) & styrene-butadiene-styrene (SBS), and others. The TPE segment is further sub-segmented into thermoplastic polyurethane (TPU) and thermoplastic vulcanizate (TPV). Under the TPE segment, TPU dominated the 3D printing elastomers market in 2020 and is estimated to maintain its dominance during the forecast period. The high demand for TPU materials is due to their superior properties when compared to TPV and other thermoplastic elastomers. They offer higher strength, flexibility, and durability than TPV.
The use of 3D printing elastomers in consumer goods is primarily driven by the excellent physical properties, such as low weight, high flexibility, good printability, enormously robust, excellent temperature resistance, high impact strength, high surface quality, easy processing, and boundless design freedom, exhibited by elastomers. Consumer 3D printing (especially home 3D printers) is the main reason for the sudden rise in the demand for 3D printing materials in recent years. Furthermore, with the help of 3D printing, jewelry store owners can design new ornaments; a beverage manufacturer can produce plastic bottles on a huge scale; and mobile users can design new panels and mobile cases. Hence, consumer 3D printing allows customers to design their own products instead of depending on online purchases and brick-and-mortar stores. This, in turn, creates demand for elastomers in 3D printing.
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The market size of 3D printing elastomers is estimated at USD 162 million in 2021 and is projected to reach USD 583 million by 2026, registering a CAGR of 29.1% from 2021-2026. The high growth can be attributed to an increase in demand from different end-use industries and the ease of printing at a lower cost. The automotive segment accounted for more than 33% share in the overall market, in terms of value, in 2020.
Carbon Inc (US)., Formlabs (US), BASF SE (Germany), 3D Systems Inc. (US), Stratasys Ltd.(Israel), Proto Labs Inc. (US), Henkel (Germany), Materialise NV (Belgium), EOS (Germany), Dow Chemical Company(US) Evonik Industries AG (Germany), Arkema SA (France), Sinterit (Germany), The Lubrizol Corporation (US), ExOne (US), Zortrax (Poland), HP Development Company, L.P. (US), LANXESS (Germany), Voxeljet AG (Germany), Impossible Objects (US), and EnvisionTEC (Germany) are some of the leading players in the 3D printing elastomers market. These players have adopted product launches, collaborations, partnerships, expansions, acquisitions, agreements, joint ventures, and investments as the main strategies for enhancing their business revenues and market shares.
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BASF SE (Ludwigshafen) is the leading player in the global 3D printing elastomers market. In November 2020, Forward AM by BASF SE entered in a partnership with Photocentric Ltd. to launch a new Daylight Product Line (Ultracur3D EPD) for 3D printing applications such as prototyping, engineering, and serial production of automotive parts. These resins offer high stiffness and flexibility to the printed parts.
Another important player in the global 3D printing elastomers market is 3D Systems Inc. (South Carolina). In November 2019, the company announced the addition of VisiJet M2S-HT90 to its engineering-grade plastics product portfolio. VisiJet M2S-HT90 is strong, rigid, transparent material with high Heat Deflection Temperature (HDT) and meets USP Class VI standards for biocompatibility, which makes it suitable for automotive, consumer goods, and healthcare applications. The company also announced the addition of eight other materials for a range of applications, including Figure 4 PRO-BLK 10, Figure 4 HI TEMP 300-AMB, Figure 4 EGGSHELL-AMB 10, Figure 4 FLEX-BLK 20, Figure 4 MED-AMB 10, Figure 4 MED-WHT 10, Figure 4 TOUGH-BLK 20, and Figure 4 RUBBER-BLK 10. Thus, the addition of a wide range of products is expected to strengthen the 3D printing product portfolio of the company.
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