US 3D Printing Photopolymer Market- By Source (Natural, Synthetic), By Technology (Stereolithography

Published Date: March 2020 | Report Code : MT2061852

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US 3D Printing Photopolymer Market- By Source (Natural, Synthetic), By Technology (Stereolithography (SLA), Polyjet, Digital Light Processing (DLP), Liquid Crystal Display (LCD)), By Light Spectrum (Ultraviolet (UV), Visible, And Infrared (IR)), By End-Use Industry (Healthcare, Aerospace & Defense, Automotive, Electronics & Electrical, And Others)

COVID-19 Impact : Our team has been closely monitoring the current developments to identify the potential impact of COVID-19 on stakeholders and business processes across the value chain of industries. A special section about COVID-19 will be covered with the report to help companies in defining sustainable strategies.

Domain : Materials

Report Code : MT2061852

Status : Published March 2020

This research report categorizes the US 3D printing photopolymer market based on various segments, provides market size estimations and forecasts and highlights key trends in each of the submarkets. The report identifies key drivers, opportunities, and challenges that influence the US 3D printing photopolymer market dynamics. The report strategically identifies and profiles the key market players and analyses their core competencies in each segment of the US 3D printing photopolymer market. Recent market developments and competitive strategies such as expansion, product launch and developments, partnerships, mergers, and acquisitions have been included in order to draw the competitive landscape of the US 3D printing photopolymer market.

US 3D Photopolymer Printing MarketUS 3D Photopolymer Printing Market: By Market Scope

3D printing has been one of the major technologies of this century disrupting manufacturing practices across industry verticals including healthcare, aerospace & defense, automotive, electronics, sports & leisure, jewelry, and education. 3D printing technology was introduced in 1984 when Chuck Hull from 3D systems corporation filed patent for stereolithography (SLA) process using photopolymer as a material. 3D printing evolved subsequently with development of other technologies including fusible deposition modeling (FDM) and powdered bed fusion with materials such as polymers, metals, and ceramics. Photopolymers have been one of the key materials used since the inception of the 3D printing technologies. Photopolymer is a light sensitive (activated) resin available in liquid or ink form which changes its properties when exposed to light rays such as ultraviolet, visible, and infrared. US has been one of major market for 3D printing photopolymers being early adopters of 3D printing technology across varied application base. Moreover, major concentration of companies operating in 3D printing market is based in US and North America. US 3D Printing Photopolymer market was estimated at USD 35.5 million in 2020 and projected to reach USD 136.0 million by 2028 at CAGR of 16.1% between 2020 and 2028. Key factors driving the demand of the 3D printing photopolymer market in US include growing application base for 3D printing technology across various industries, government initiatives to promote 3D printing, advancements in photopolymerization technologies, and demand for customized products. Photopolymers primarily consist of monomers, binders, and photo initiators. Each of these key constituents has different functions in the composition of photopolymer. Major 3D printing technologies using photopolymers include stereolithography (SLA), digital light processing (DLP), polyjet, and liquid crystal display. Stereolithgraphy holds a dominant position in the 3D printing photopolymers market by technology.

The US 3D printing photopolymers market has been segmented by source, technology, light spectrum, and end-use industry. By source, this market is segmented by natural and synthetic. Synthetic 3D printing photopolymers are estimated to dominate the market with share of 91% in 2019 by value. Synthetic segment exhibits enhanced properties with tested market across various end use industry applications. Natural segment is expected register high growth during the forecast period.

US 3D Photopolymer Printing Market By SoucreUS 3D Photopolymer Printing Market: By Source

By technology, US 3D printing photopolymers market is segmented by stereolithography (SLA), polyjet, digital light processing (DLP), and liquid crystal display (LCD). Stereolithography (SLA) technology dominated the market with a share of 19.1% in 2019. SLA segment was estimated at USD 131.8 million in 2020 and projected to grow at a CAGR of 16.0% during the forecast period. Digital light processing technology similar to SLA is expected to register second highest demand during the forecast period. Polyjet and liquid crystal display have been relatively new technologies with superior functioning and mass production capability are projected to register fastest growth during the forecast period.

US 3D Photopolymer Printing Market TechnologyUS 3D Photopolymer Printing Market: By Technology

 By light spectrum, US 3D printing photopolymers market is segmented by ultraviolet (UV), visible, and infrared (IR) segment. Ultraviolet (UV) has been traditional light source used in technologies including SLA, DLP, and others with superior properties and better functioning. US 3D printing photopolymers market by ultraviolet light spectrum was estimated at USD 131.8 million in 2020 and projected to reach USD 499.8 million by 2028 at a CAGR of 16.0% during the forecast period. LCD technology with capability of mass production is projected to grow at a highest CAGR of 24% by value during the forecast period.

Us 3D Photopolymer Printing Market

US 3D Photopolymer Printing Market: By Light Spectrum

 By end-use industry, US 3D printing photopolymers market is segmented by healthcare, aerospace & defense, automotive, electronics & electrical, and others. Healthcare segment is estimated to register highest demand during the forecast period. This segment was estimated at USD 101.9 million in 2020 and projected to reach USD 374.4 by 2028 at a CAGR of 15.6% during the forecast period. Wide application base including dental implants, orthopedics, drug delivery and favorable government policies towards adoption of 3D printing technology has been key factor driving demand in this segment. Aerospace & defense, automotive, electronics & electrical have been some of the other major segment promising strong demand during the forecast period. The others segment includes education, jewelry, entertainment, and so on are some of the niche market with high growth rates during the forecast period.

US 3D Photopolymer Printing Market End UserUS 3D Photopolymer Printing Market: By End User

By competitive scenario, the US 3D printing photopolymers market is dominated by Stratasys, 3D Systems, BASF, Formlabs, Henkel, Prodways, 3Dresyns, Prolabs, EnvisionTEC, and others. These companies have strong concentration in North America and Europe region with strategic partnership with printer manufacturers. Major material manufacturers have been focusing on forward integration by development in individual grades and strategic partnerships with printer manufacturers. Royal DSM, BASF, EnvisionTEC, and Henkel have been some of the active companies in terms of developments adopted in the recent years.

Key Developments

  • In January 2020, Henkel and NewPro3D (Canada) collaborated for unique 3D Printing Solution in the medical sector. NewPro3D recently joined Henkel's Open Materials Project with the aim of providing additive manufacturing solutions at production scale. NewPro3D focuses on ultra-fast 3D printing of photopolymers. With Henkel's expertise in materials and NewPro3D's innovation in 3D printing equipment and software, the companies are enabling new applications in anatomical modeling, prosthetics and working collaboratively to merge their focus areas and create next-level solutions for the medical sector.
  • In November, 2019, Henkel and Origin (US) collaborated to develop new materials by optimizing print processes that extend the current additive manufacturing limits. As a result of this partnership Henkel developed a completely new 3D printable photopolymer material with properties of fire, smoke and toxicity resistance for use with Origin One printers. This material is used across many industries, including aerospace, automotive and transportation.

In November, 2019, Royal DSM enetered into a partnership with Shapeways (US) to develop custom and industrially scalable 3D printing solutions. Shapeways proprietary technology and digital manufacturing expertise and DSM’s cutting-edge materials both are used to create scalable 3D printing solutions. Both companies aim to provide businesses a lower barrier to entry and quicker access to new materials and additive manufacturing technologies.

US 3D Photopolymer Printing Market By DRCO AnalysisUS 3D Photopolymer Printing Market By DRCO Analysis

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