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Top 17 3D Printing Materials Companies, Worldwide 2023: MarketsandMarkets 360 Quadrant Revealed

Published: September 28, 2023
Author: TEXTILE VALUE CHAIN

We are thrilled to present the latest insights into the thriving world of the Composite industry. MarketsandMarkets has unveiled the much-awaited 360 Quadrant for Top 17 3D Printing Materials Companies, Worldwide 2023, aimed at empowering businesses to make quicker and more informed decisions.

360 Quadrants releases its list of “Top 17 3D Printing Materials Companies, Worldwide 2023” in partnership with MarketsandMarkets. The report recognizes the standouts in the Flexible Packaging market ranging from mid-sized enterprises to Fortune 500 companies.

The global 3D printing materials market is projected to grow from USD 2.5 billion in 2022 to USD 7.9 billion by 2027 at a CAGR of 25.6% during the forecasted period. The market growth can be attributed to factors such as ease in the development of customized products and reduction in manufacturing costs and process downtime. However, the high cost of materials and lack of standard process control are some of the challenges that restrict the market’s growth.

The technology of printing a three-dimensional (3D) object from a digital file using materials such as plastic, metal, and ceramic is called 3D printing, and the materials used are called 3D printing materials. Plastics, metals (including powders), resins, and ceramics are among the materials used in 3D printing. 3D printing materials are available in a variety of shapes and sizes. Designers and engineers prefer to create functional prototypes using 3D printing materials that have the same or similar material properties as those of the final product. Plastics are the most commonly used 3D printed materials, and they are available in filament, resin, granule, and powder forms.

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MARKET LEADERS 

  • GE
  • Stratasys
  • Carpenter Technology
  • 3D Systems

INNOVATORS 

  • Markforged
  • Materialise
  • Formlabs
  • Proto Labs

EMERGING COMPANIES

  • Huntsman
  • Henkel
  • Solvay
  • Evonik
  • BASF

CONTENDERS

  • Höganäs
  • Arkema
  • Sandvik
  • GKN Powder Metallurgy
The 360 Quadrants effectively evaluates emerging companies in the 3D Printing Materials industry. They focus on specific areas and offer specialized knowledge, targeted support, flexible terms, and competitive prices. While they may have limited capabilities, they are preferred for specific use cases. These companies employ strategies to expand sales and reach a broader client base. This segment of the quadrant has identified Evonik, Solvay, Henkel, BASF, and Huntsman as emerging companies.
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Evaluation Criteria
The vendor evaluation was conducted on over 200 companies of which the top 17 were categorized and recognized as the quadrant leaders. Factors such as revenue, geographic presence, growth strategies, investments, and sales strategies for the market presence of the 3D Printing Materials quadrant. While the top criteria for product footprint evaluation included Material Form (Powder, Liquid, Filament), Material Type (Plastic, Metal, Ceramic), Technology Served, Application, and End-Use Industry (Automotive, Aerospace & Defense, Healthcare, and Consumer Goods, Construction).
360 Quadrants Scoring Methodology
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 employs an algorithm that considers parameter weights to generate scores. Normalization ensures fair comparisons and the aggregated scores categorize solutions into quadrants such as Market Leaders, Contenders, Innovators, and Emerging Companies. This unbiased approach equips users with accurate information, empowering them to make well-informed decisions and select solutions that best suit their needs and objectives.

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