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With the continuous expansion of the downstream application of 3D printing technology, the demand for 3D printing materials is increasing. Since 2017, China has launched 15 policies on 3D printing, of which 7 are related to 3D printing materials industry. Demand + policy has boosted the growth of 3D printing materials market. The market size of 3D printing materials industry is growing year by year, and 3D printing materials account for an increasing proportion in 3D printing, which reflects the increasingly important position of 3D printing materials industry in the whole 3D printing industry. It is estimated that the market size of 3D printing materials in China will reach 5.7 billion yuan in 2020, and more than 16 billion yuan in 2024. 3D printing materials market has a promising prospect.

The demand side put forward new requirements to promote the continuous development of the market scale

China’s 3D printing material industry is located in the upstream of the whole 3D printing industry, the middle is 3D printing, and the downstream is the application field of 3D printer. As downstream applications continue to expand, there will be more and more demand for different 3D printing devices and different materials.

China’s 3D printing industry is developing rapidly, with a growth rate of more than 25% in the past five years. In 2017, the market size of China’s 3D printing industry was about 10.855 billion yuan, and in 2018, it reached 14 billion yuan. The rapid development of 3D printing industry has brought about the continuous expansion of 3D printing application fields, and different application fields have put forward new demands for 3D printing technology and 3D printing materials. At present, the production of 3D printing materials in China is relatively backward, and most OF the 3D printing materials are still dependent on foreign imports. According to the “13th Five-Year Plan” Special Plan for Scientific and Technological Innovation in The Material field, more than 80% of the materials should be domestically produced by 2020. The 3D printing material market will face huge development space, and the demand side will put forward new requirements. Promote the continuous development of the market scale of 3D printing materials industry.

Policy support at the national level has driven the rapid expansion of the market

3D printing technology, together with Internet of Things, artificial intelligence and gene sequencing, is praised as the frontier technology to change human life in the 21st century. The national level has also paid enough attention to the development of 3D printing industry, among which the development of 3D printing material technology is the foundation of the development of 3D printing industry. A total of 15 policies on 3D printing industry have been issued at the national level, among which 7 explicitly mention promoting the development of 3D printing material technology. Policy support at the national level has rapidly expanded the market size of 3D printing materials industry.

The growth rate of 3D printing materials market is faster than that of 3D printing industry

Due to the double stimulus of demand and policy, the market size of 3D printing materials in China has maintained a rapid growth. From 2012 to 2017, the market size of 3D printing materials in China has maintained a growth rate of more than 35%, increasing from 260 million yuan in 2012 to 2.992 billion yuan in 2017. In 2018, The market size of 3D printing materials in China will reach 4 billion yuan, with a growth rate of more than 35%.

In terms of the proportion of 3D printing material market size in 3D printing market size, the proportion of 3D printing material gradually increased from 25% in 2012 to 27.6% in 2017, and further increased to 28.60% in 2018. The increasing proportion of the market indicates that the growth rate of the 3D printing material market in China is slightly faster than that of the 3D printing market in China, which also reflects the increasing importance of the 3D printing material industry in the whole 3D printing industry.

Demand + policies boost the market size growth, 3D printing materials market prospects are considerable

With the key support for the new material industry in China during the 13th Five-Year Plan and the vigorous promotion of additive manufacturing industry by 12 ministries and commissions, the 3D material industry will also enjoy vigorous development. The Additive Manufacturing Industry Development Action Plan (2017-2020) jointly released by 12 ministries and commissions including the Ministry of Industry and Information Technology, the National Development and Reform Commission and the Ministry of Education pointed out that the annual sales revenue of the additive manufacturing industry is expected to exceed 20 billion yuan by 2020, with an average annual growth rate of more than 30%. Based on the current growth rate of 3D printing materials market and its proportion in the 3D printing industry, and the completion of the development goals in the “Action Plan”, it is estimated that the market size of 3D printing materials in China will reach 5.7 billion yuan in 2020, and over 16 billion yuan in 2024. 3D printing materials market has a promising prospect. (Source: Qianzhan)