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Advanced Materials for 3D Printing: Driving Innovation and Market Growth at a CAGR of 18.1% (2024-2029)

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Rapid Expansion in 3D Printing Materials Market Fueled by Aerospace, Automotive, Medical Sectors, and Sustainable Innovations

BOSTON, Dec. 10, 2024 /PRNewswire/ — According to the latest study from BCC Research, “the global markets for Advanced Materials for 3D Printing” is estimated to reach $8.6 billion by the end of 2029, at a compound annual growth rate (CAGR) of 18.1% from 2024 through 2029.

The report presents an analysis of the global market for advanced materials used in 3D printing. Using 2023 as the base year, the study provides revenue forecasts from 2024 to 2029 (in USD millions). It segments the market by material, technology, end-user industry, and region. Materials include plastics and polymers, and metals. Technologies encompass vat polymerization, powder bed fusion and material extrusion. End-user industries include transportation, medical and dental, consumer products and electronics, and industrial machinery. The regional markets covered are Asia-Pacific, Europe, North America, and the Rest of the World (RoW), with each region further broken down into individual countries.

This report is relevant as end-user companies increasingly prioritize reducing their carbon footprint and enhancing sustainability. 3D printing offers significant downstream sustainability benefits, such as lowering fuel consumption in the aerospace and automotive sectors by optimizing component designs and reducing overall weight. Additionally, it simplifies supply chains by enabling localized production, which reduces emissions associated with the global transportation of physical goods. The market is also drawing attention companies such as Asahi Kasei Plastics North America, which recently entered the 3D printing materials segment. M&A activity is exemplified by Stratasys’ acquisition of Covestro AG’s 3D printing materials business.

Please click here for more details on the “global market for advanced materials for 3D printing” report.

The following factors are driving the global market for advanced materials for 3D printing:

Increased Adoption of 3D Printing: 3D printing is being embraced by many industries, including healthcare, aerospace, automotive and consumer goods. This trend is driving up the demand for specialized materials that suit these applications. The technology’s ability to produce complex shapes, minimize material waste, and support on-demand manufacturing is making it a key piece in modern production processes.

Innovations in Materials:  Companies and researchers are developing new materials with enhanced characteristics, like greater strength, improved heat resistance, and better biocompatibility. These innovations are broadening the possibilities of what can be created with 3D printing.

Demand for 3D Printed Lightweight Components: The aerospace and automotive industries are pushing for lightweight components because they can improve fuel efficiency and overall performance. This has led to the development of advanced 3D printing materials, such as high-strength polymers and metal alloys, which enable the production of lighter yet durable parts that can replace traditional components.

Prototyping: Prototyping remains a core application of 3D printing. The technology allows companies to rapidly produce prototypes, speeding up product development cycles and enabling quick design iterations. This capability drives the need for advanced materials that closely replicate the final production properties, ensuring that prototypes accurately reflect the end product’s characteristics.

Request a sample copy of the global market for advanced materials for 3D printing reports.

Report Synopsis

Report Metric

Details

Base year considered

2023

Forecast period considered

2024-2029

Base year market size

$3.3 billion

Market size forecast  

$8.6 billion

Growth rate    

CAGR of 18.1% for the forecast period of 2024-2029

Segments covered

Material, Technology Type, End-User

Regions covered

North America, Europe, Asia-Pacific, Rest of the World

Countries covered

U.S., Canada, Mexico, U.K., Germany, Italy, France, Russia, Norway, Spain, Netherlands, Poland, Slovakia, Switzerland, Japan, China, South Korea, India, Singapore, Thailand, Malaysia, Vietnam, Taiwan

Market drivers

 

 Increased adoption of 3D printing Innovations in materials Demand for 3D printed lightweight components Prototyping

 

Interesting facts about advanced materials for 3D printing:

 Future Material Compatibility: Materials traditionally used in injection molding and other manufacturing techniques are becoming more compatible with 3D printing, and vice versa, enabling greater versatility across production methods. 3D Printable Concrete in Construction: The rapid adoption of 3D printable concrete is revolutionizing the construction industry, allowing for innovative designs, reduced costs, and faster project completion.

The report addresses the following questions:

1.      What is the projected market size?

 The market for advanced materials for 3D printing is projected to $8.6 billion by the end of 2029, with a CAGR of 18.1%.

2.      Which factors are driving the growth of the market?

 Rapid adoption of 3D printing Innovative materials Demand for 3D-printed lightweight components Prototyping

3.      Which segments are covered in the report?

 Material, technology, end-user, and region.

4.      Which end-use industry will dominate the market by the end of 2029?

 The transportation segment will continue to lead the market through 2029.

5.      Which region has the largest market share?

 North America accounts for the largest market share due to the high adoption rate for advanced 3D printing technologies and increasing use in high-performance applications.

Leading Companies Include:

 ARKEMA DESKTOP METAL INC. EOS GMBH EVONIK INDUSTRIES AG ELEMENTUM FORMLABS HENKEL AG & CO. KGAA IGUS LITHOZ MATERIALISE MARKFORGED HOLDING CORP. PROTO LABS SABIC STRATASYS XENIA SRL

Related Reports

Global Markets for 3D Printing: This report includes revenue assessments ($ millions) across the regions of North America (U.S., Canada, Mexico), Europe (U.K., Germany, France, Rest of Europe), Asia-Pacific (China, Japan, Australia, South Korea, India, Rest of Asia-Pacific), and the Rest of the World (South America, Middle East, Africa). The report highlights emerging technologies shaping the market landscape and offers insights into the strategies of the leading vendors.

3D Printing Medical Devices: Global Markets: This report segments the market by product type, technology, sales channel, and application. The report covers the regions of North America (U.S., Canada, Mexico), Europe (U.K., Germany, France, Rest of Europe), Asia-Pacific (China, Japan, Australia, South Korea, Rest of Asia-Pacific), and the Rest of the World (South America, Middle East, Africa). It highlights emerging technologies, analyzes the vendor landscape, and profiles major market players. The report covers dental implants in the dental application segment, separate from the implants and prosthetics category.

Purchase a copy of the report directly from BCC Research.

For further information or to purchase a report, please contact info@bccresearch.com.

About BCC Research

BCC Research reports provide objective, unbiased measurement, and assessment of market opportunities. Our experienced industry analysts’ goal is to help readers make informed business decisions, free of noise and hype.

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ST Engineering iDirect and MBSat Partner to Build Next-Generation Sovereign Connectivity Services Across Oman and the Middle East

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Intuition ground system selected to support MBSat’s planned 2027 service launch, enabling accelerated deployment, dynamic resource management and scalable service growth

HERNDON, Va., Oct. 25, 2026 /PRNewswire/ — ST Engineering iDirect today announced a strategic partnership with Mohammed Al Barwani Satellite Company (MBSat), part of Mohammed Al Barwani Group, to provide the ground system technology foundation for MBSat’s next-generation satellite gateway and network operations across Oman and the wider Middle East region. Intuition will provide a flexible, software-defined foundation to support sovereign connectivity services, enabling efficient service deployment, dynamic resource management and scalable network operations.

Intuition will deliver a turnkey ground segment solution that accelerates deployment, simplifies operations and gives MBSat the flexibility to scale services as demand grows. The software-defined platform enables dynamic resource management, service automation and seamless integration with existing and future operational systems. The solution also includes Ka-band gateway infrastructure, service provisioning and management capabilities, open API integration frameworks, training and full-lifecycle support. Together, these capabilities will help MBSat launch and operate services efficiently while adapting to evolving market requirements.

The network will leverage capacity from MB Sat-1, a sovereign MicroGEO satellite, with planned service launch in 2027, to support flexible, scalable connectivity services across the region.

The partnership reflects growing investment in sovereign communications infrastructure across the Middle East as operators seek greater control over service delivery, network expansion and long-term technology evolution.

“This partnership represents an important milestone in our efforts to build an advanced satellite communications platform in Oman and the region,” said Ammar Al Rawahi, General Manager, MBSat. “Through our collaboration with ST Engineering iDirect, we are establishing the technical infrastructure required to launch services efficiently, respond to evolving customer needs and expand into new markets, supporting the sustainable long-term growth of our business.”

“We are providing MBSat with a flexible, software-defined ground platform that integrates with its existing operational environment,” said Sridhar Kuppanna, Chief Executive Officer, ST Engineering iDirect. “This enables more efficient service deployment and operations today, with the flexibility to scale, introduce new capabilities and evolve as requirements change.”

About ST Engineering iDirect

ST Engineering iDirect, a subsidiary of ST Engineering, is a global leader in satellite communications, providing technology and solutions that enable its customers to expand their business, differentiate their services and optimize their networks. Through its portfolio of ground infrastructure, intelligent networking and advanced satellite communications solutions, the company supports operators, service providers, governments and enterprises worldwide.

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SOURCE ST Engineering iDirect

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ST Engineering iDirect and MBSat Partner to Build Next-Generation Sovereign Connectivity Services Across Oman and the Middle East

Published

on

By

Intuition ground system selected to support MBSat’s planned 2027 service launch, enabling accelerated deployment, dynamic resource management and scalable service growth

HERNDON, Va., Oct. 25, 2026 /PRNewswire/ — ST Engineering iDirect today announced a strategic partnership with Mohammed Al Barwani Satellite Company (MBSat), part of Mohammed Al Barwani Group, to provide the ground system technology foundation for MBSat’s next-generation satellite gateway and network operations across Oman and the wider Middle East region. Intuition will provide a flexible, software-defined foundation to support sovereign connectivity services, enabling efficient service deployment, dynamic resource management and scalable network operations.

Intuition will deliver a turnkey ground segment solution that accelerates deployment, simplifies operations and gives MBSat the flexibility to scale services as demand grows. The software-defined platform enables dynamic resource management, service automation and seamless integration with existing and future operational systems. The solution also includes Ka-band gateway infrastructure, service provisioning and management capabilities, open API integration frameworks, training and full-lifecycle support. Together, these capabilities will help MBSat launch and operate services efficiently while adapting to evolving market requirements.

The network will leverage capacity from MB Sat-1, a sovereign MicroGEO satellite, with planned service launch in 2027, to support flexible, scalable connectivity services across the region.

The partnership reflects growing investment in sovereign communications infrastructure across the Middle East as operators seek greater control over service delivery, network expansion and long-term technology evolution.

“This partnership represents an important milestone in our efforts to build an advanced satellite communications platform in Oman and the region,” said Ammar Al Rawahi, General Manager, MBSat. “Through our collaboration with ST Engineering iDirect, we are establishing the technical infrastructure required to launch services efficiently, respond to evolving customer needs and expand into new markets, supporting the sustainable long-term growth of our business.”

“We are providing MBSat with a flexible, software-defined ground platform that integrates with its existing operational environment,” said Sridhar Kuppanna, Chief Executive Officer, ST Engineering iDirect. “This enables more efficient service deployment and operations today, with the flexibility to scale, introduce new capabilities and evolve as requirements change.”

About ST Engineering iDirect

ST Engineering iDirect, a subsidiary of ST Engineering, is a global leader in satellite communications, providing technology and solutions that enable its customers to expand their business, differentiate their services and optimize their networks. Through its portfolio of ground infrastructure, intelligent networking and advanced satellite communications solutions, the company supports operators, service providers, governments and enterprises worldwide.

View original content to download multimedia:https://www.prnewswire.com/news-releases/st-engineering-idirect-and-mbsat-partner-to-build-next-generation-sovereign-connectivity-services-across-oman-and-the-middle-east-302918467.html

SOURCE ST Engineering iDirect

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Global Security & Technology Summit Unveils Month-Long Program of Activities Ahead of December Event

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RIYADH, Saudi Arabia, Oct. 24, 2026 /PRNewswire/ — The Organizing Committee of the Global Security & Technology Summit (GSTS) held an introductory session today at the Ministry of Interior’s headquarters in Riyadh, bringing together representatives from the government, private, and nonprofit sectors to introduce the program of activities leading up to the summit. The upcoming summit will be held in Riyadh under the patronage of HRH Prince Mohammed bin Salman bin Abdulaziz Al Saud, Crown Prince and Prime Minister, under the supervision of HRH Prince Abdulaziz bin Saud bin Naif bin Abdulaziz Al Saud, Minister of Interior, and organized by the Ministry of Interior in cooperation with Tuwaiq Academy.

During the session, the Organizing Committee presented the comprehensive GSTS program, comprising three key components: GSTS Month, running from November 1 to 30, 2026; the Global Security & Innovation Fair (SAIF), taking place from November 24 to 26, 2026; and the main Summit, scheduled for December 18 to 20, 2026, in Riyadh. Together, these events form an integrated program designed to advance security and technology innovation, strengthen national capabilities, and foster international cooperation.

GSTS Month will feature working groups, boot camps, training programs, knowledge-sharing sessions, and technical workshops across Saudi Arabia’s 13 administrative regions, delivered both in person and remotely in collaboration with specialized entities. The month-long program aims to develop national capabilities, identify emerging talent, enrich knowledge-sharing opportunities, and equip professionals with the knowledge and skills needed to develop innovative solutions to future security and technology challenges.

The main Summit will bring together global leaders, decision-makers, experts, and innovators to explore the future of security and technology, promote the integration of advanced technologies within the security sector, strengthen national capabilities, support innovation, and foster international cooperation, further positioning the Kingdom as a global hub for security and technology.

Showcasing the latest technological breakthroughs and security solutions, the summit will bring together government entities, private sector organizations, academic institutions, and research centers to facilitate knowledge exchange and collaboration across key fields, including cybersecurity, artificial intelligence (AI), the Internet of Things (IoT), smart security solutions, emerging technologies, and crisis management. The program will also feature main sessions, specialized discussions, and interactive exhibitions. Registration is available at gsts.sa.

Advisor to HRH the Minister of Interior and Chairman of the GSTS Organizing Committee, Ahmed Altowayan, stated that the summit builds on Saudi Arabia’s efforts to establish an advanced security and technology ecosystem focused on knowledge and innovation, keeping pace with rapid developments and future challenges.

Mr. Altowayan noted that the summit is a global platform for strengthening cooperation and exchanging expertise, anticipating future developments in security and technology, and developing strategic partnerships and innovative solutions that enhance the efficiency and readiness of security systems.

Vice Chairman of the GSTS Organizing Committee, Eng. Abdulaziz Alhammadi, said that the summit will offer a range of integrated programs and activities focused on enhancing national skills, encouraging innovation, and supporting international cooperation.

He added that GSTS Month will help build national capabilities, discover talent, and develop skills, with SAIF providing a platform for innovators and researchers from around the world to showcase leading technological solutions, while the main Summit will bring together leaders and experts to discuss the future of security and technology and explore new strategic partnership opportunities.

SAIF will take place at the Riyadh International Convention & Exhibition Center, bringing together innovators, researchers, technology talents, and industry experts from around the world to showcase promising innovations and projects across 14 fields of technology and innovation. The fair will provide opportunities to engage with project owners, including students, graduates, and entrepreneurs, and explore the different stages of innovation development through interactive zones, panel discussions on emerging security and innovation trends, and knowledge-sharing workshops led by specialists. Visitor registration is open to participants from within and outside the Kingdom through saifair.sa.

The introductory session also featured contributions from representatives of government, private, and nonprofit sector entities, alongside members of the media. Discussions focused on developing national capabilities in security and technology, strengthening students’ technical expertise, translating scientific research into practical solutions, and supporting Saudi companies in developing security and technology solutions and advancing digital transformation.

Organized by the Ministry of Interior in cooperation with Tuwaiq Academy, GSTS is produced by Tahaluf, with the Ministry of Education serving as Strategic Scientific Partner, Tahakom as Founding Partner, and Elm as Principal Partner.

Registration for participants from within and outside the Kingdom is available at gsts.sa.

Click here to view the media kit. 

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