3D Printing Elastomers Market Research Report 2023 by Product Type, Application, Region And Global Forecast to 2031

The global 3D printing elastomers market size was US$ 151 million in 2021. The global 3D printing elastomers market is forecast to grow to US$ 1389 million by 2030, registering a compound annual growth rate (CAGR) of 22.5% during the forecast period from 2022 to 2030.

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Elastomers are polymers that possess viscosity and elasticity. Some of the prominent elastomers are natural rubber, polyurethanes, polybutadiene, silicone, and neoprene. Moreover, elastomers are segmented into saturated elastomers and unsaturated elastomers. 3D printing elastomers allow consumers to test the modules and check the shape of the product.

The U.S. Bureau of Economic Analysis and the U.S. Census Bureau reports that the goods and services deficit rose from $68.7 billion in January 2023 to $70.5 billion in February, an increase of $1.9 billion. Due to a $2.7 billion increase in the goods deficit to $93.0 billion and a $0.8 billion increase in the services surplus to $22.4 billion, the goods and services deficit increased in February. The goods and services deficit has decreased this year by $35.5 billion, or 20.3% when compared to the same period in 2022. $10.8% more, or $49.5 billion, was exported. Imports cost $2.2% more, or $14.0 billion, than exports.

Factors Influencing the Market

  • The applications of 3D printing elastomers across various verticals, such as automotive, consumer, and medical industries, are fueling the growth of the overall market. In addition, 3D printing technology is being deployed to create prosthetics, tissues, and medical implants. They have the capacity to make difficult designs easier for product designers. They also help engineers develop cheaper, faster, and more effective complex designs. Thus, all of these factors are expected to contribute to the growth of the global 3D printing elastomers market.
  • The low operating cost of the products is forecast to benefit the global 3D printing elastomers market. In addition, a growing consumer base is one of the significant factors contributing to market growth. Advantages of the 3D printing elastomers, such as high-speed production, low operating costs, and others, are forecast to surge the demand for 3D printing items, thereby propelling the market growth.
  • The high cost of the materials may hamper the market growth during the forecast period.
  • Governments of various emerging countries are focusing on expanding the expenditure of the healthcare segment. In addition, they are also introducing favorable policies in order to boost the growth of the automotive segment. All of these segments are forecast to surge the growth of the global automotive 3D printing elastomers market during the forecast period.

Regional Analysis

North America is forecast to hold the highest market share in the global 3D printing elastomers market during the forecast period. The growth of the regional 3D printing elastomers market is attributed to the presence of prominent 3D printing elastomers manufacturers, such as 3D Printing Systems Inc. and Carbon Inc., which will contribute to the market growth. In addition, high healthcare expenditure and the growing automotive industry are forecast to benefit the regional market during the study period.

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COVID-19 Impact Analysis

The healthcare segment has been advantageous for the global 3D printing elastomers market during the COVID-19 pandemic. Many countries reached significant hikes in terms of the COVID-19 patients, which fueled the demand for efficient face masks, shields, and nasal swabs. All of this has significantly contributed to the growth of the global 3D printing elastomers market during the COVID-19 pandemic.

Competitors in the Market

  • 3D Systems Corporation
  • EOS GmbH
  • Electro-Optical Systems
  • Concept-LaserGmbH
  • ExOne Co.
  • Arcam AB
  • SLM Solutions Group AG
  • Hewlett Packard Inc.
  • Materialize NV
  • Other Prominent Players

Market Segmentation

Based on the Form

  • Powder
  • Filament
  • Liquid

Based on Material

  • TPE (Thermoplastic elastomer)
    • TPU (Thermoplastic polyurethane)
    • TPV (Thermoplastic vulcanizate)
  • SBR (Styrene-butadiene rubber) & SBS (Styrene-butadiene-styrene)
  • Others (EPDM, silicone, and thermoplastic copolyester)

Based on End-use

  • Automotive
  • Consumer goods
  • Medical & dental
  • Aerospace & defense
  • Others (Industrial and electrical)

Based on Technology

  • FDM/FFF
  • SLA
  • SLS
  • DLP
  • Others

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Based on Region

  • North America
  • The U.S.
  • Canada
  • Mexico
  • Europe
  • Western Europe
  • The UK
  • Germany
  • France
  • Italy
  • Spain
  • Rest of Western Europe
  • Eastern Europe
  • Poland
  • Russia
  • Rest of Eastern Europe
  • Asia Pacific
  • China
  • India
  • Japan
  • Australia & New Zealand
  • ASEAN
  • Rest of Asia Pacific
  • Middle East & Africa (MEA)
  • UAE
  • Saudi Arabia
  • South Africa
  • Rest of MEA
  • South America
  • Brazil
  • Argentina
  • Rest of South America

What are the key findings of the report?

?This report provides comprehensive information on factors expected to influence the market growth and market share in the future.
?The report offers the current state of the market and future prospects for various geographical regions.
?This report provides both qualitative and quantitative information about the competitive landscape of the market.

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