Material Jetting Market Size, Share, Growth, and Industry Growth, By Type (Polymer Jetting, Metal Jetting), By Application (Medical, Jewelry, Industrial Tools, Automotive), Regional Insights, and Forecast To 2031

Updated On: 08 July 2024

MATERIAL JETTING MARKET REPORT OVERVIEW

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The global material jetting market size is USD 99.1 million in 2022 and is projected to touch USD 153.73 million by 2031, exhibiting a CAGR of 5.0% during the forecast period.

Material jetting forms objects in a comparable strategy to a two layered ink stream printer. Various materials can be utilized in one cycle and the material can be changed during the form stage. Material is flown onto the form stage surface in drops, which are shaped utilizing a wavering spout. It is the equipment which could mold materials with its own technology. Material is streamed onto the form surface or stage, where it sets and the model is fabricated layer by layer. Material is kept from a spout which moves on a level plane across the form stage. Machines change in intricacy and in their strategies for maintaining the deposition of material. The material layers are then restored or solidified utilizing ultraviolet rays.

The manufacturing process uses polymers such as Polypropylene, HDPE, PS, PMMA, PC, ABS, HIPS, EDP and plastics. The waste produced in the process is extremely low due to its high accuracy in deposition of droplets. The innovation of this process is a phenomenal decision for practical models, giving an incredible degree of detail, high precision, and smooth surface completion. It permits a planner to print a plan in various varieties and a few materials in a solitary print. The different uses of this process facilitates the growth of the global material jetting market.

COVID-19 Impact: Difficulty in Manufacturing Process to Hamper Market Growth

The global COVID-19 pandemic has been unprecedented and staggering, with material jetting experiencing higher-than-anticipated demand across all regions compared to pre-pandemic levels. The spike in CAGR is attributable to demand returning to pre-pandemic levels once the pandemic is over.

The impacts of the COVID-19 pandemic are now being felt on a worldwide level, which has impacted the market essentially. The episode of COVID-19 adversely affected many business sectors. Different nations went into lockdown. With the abrupt pandemic, a wide range of makers and drugs noticed unsettling influences. With numerous limitations in the pandemic, different ventures were affected, and this was additionally one of them. Stop on the creation exercises impacted the interest of the material flying. Because of the spread of the contamination, there was an interest for complete lockdown which unfavorably impacted the interest for the item and affected the market development.

LATEST TRENDS

"Advantage in Printing Multiple Colors at a Time to Improve Market Growth"

Material jetting has the additional benefit of having the option to 3D print utilizing various materials immediately at a time. Items can be created with various materials as well as alter the particular region where those materials are put. This kills the need to print separate layers of various materials and collect them later. In a solitary run, one can deliver total items with parts produced using separate materials. Such demands are expected to pose an opportunity for the material jetting market growth during the forecast period.

MATERIAL JETTING MARKET SEGMENTATION

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• By Type

Based on type; the market is divided into polymer jetting, metal jetting.

Polymer jetting is the leading part in the type segment.

• By Application

Based on application; the market is divided into medical, jewelry, industrial tools, automotive.

Medical industry is the leading part in the application segment.

DRIVING FACTORS

"Innovation in Technology of 3D Printing to Create Opportunities for Designers in Production"

The material jetting market share is anticipated to increase with the increase in the uses of this compound. The most generally used materials for this process are photopolymers and casting wax. On account of this 3D printing innovation, tooling for infusion embellishment and venture projecting can be created a lot quicker and less expensive while accomplishing more significant levels of intricacy unimaginable with customary tooling producing. As these processes create a huge demand among designers and industries, the manufacturing companies mainly focus on expanding the business by increasing its production. Such demand is anticipated to drive the market.

"Various Uses in Different Industries to Increase Market Growth"

The different uses of material jetting provides the manufacturers a necessity to increase production rate. The 3D technology also helps a jewelry designer to have a better understanding about the structure of jewels they are producing in the market. In the medical industry, the use of prototypes plays an important role in understanding the complete structure of a model to have a better diagnosis process. Hospitals, medical universities and jewelry designers are anticipated to drive the market growth during the forecast period.

RESTRAINING FACTORS

"Slow Printing Process to Impede Market Growth"

The process to some degree is obliged by the speed of the printing system.  Since little drops of material are stored over a little piece of the form region at a time, the process finds difficulty to make a small part of the product. Objects delivered with material jetting are ordinarily more vulnerable, especially when contrasted with other 3D printing strategies like Selective Laser Sintering. This makes material streamed parts commonly unacceptable for utilitarian applications with this used to deliver parts for which look matters more than capability. The investment cost is also high for setting up an industry for this process. Due to this reason many companies drop the idea of setting up a plant for this process. These factors restrict the growth of the global material jetting market.  

MATERIAL JETTING MARKET REGIONAL INSIGHTS

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"North America to Dominate Market due to its Consumption Rate"

North America holds the largest part of the material jetting market share due to the largest manufacturing companies in countries such as the U.S. being the leading producers. The demand for the process is attributed to its various uses of 3D printers and technology in the market. The consumption rate being high is one of the biggest advantages of these countries. New production facilities for this compound also contributed to the growth in the establishment of various manufacturer companies to facilitate the market growth in the region.     

KEY INDUSTRY PLAYERS

"Market Players to Elevate Market Growth"

The report gives data about the rundown of market players and their tasks in the business. The data is gathered and recorded with appropriate exploration, mechanical turns of events and gear, acquisitions, consolidations, extending creation lines, and organizations. Different viewpoints assessed for this market incorporate organizations delivering and presenting new offices, locales they direct their tasks in, computerization, innovation reception, limit, delivering the greatest income, and making a distinction with their items.

List of Market Players Profiled

•  Stratasys (Israel)
• 3D Systems (U.S.)
• Keyence (Japan)
• HP (U.S.)
• Vader Systems (U.S.)
• Xjet (Israel)

INDUSTRY DEVELOPMENT

March 2020: The J750 3D printer is the latest development in material jetting systems from Stratasys. The J750 relies on the proprietary PolyJet technology. The machine features a 490 x 390 x 200 mm build volume and also offers multicolor and multi-material 3D printing with the 6 different materials simultaneously.

REPORT COVERAGE

This research delivers a report with extensive studies that take into description of the firms that exist in the market affecting the forecasting period. The report also offers a clear overview of leading companies with their successful marketing strategies, market contribution, and recent developments. With detailed research done, it also offers a complete analysis by inspecting the factors like segmentation, opportunities, industrial developments, trends, growth, size, shares, drivers, restraints, and others. This analysis can be changed if the key players and probable analysis of market dynamics changes.