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Market Overview of Global Stereolithography 3D Printing market:
According to our latest research, the global Stereolithography 3D Printing market looks promising in the next 5 years. As of 2022, the global Stereolithography 3D Printing market was estimated at USD 1439.49 million, and it's anticipated to reach USD 3842.44 million in 2028, with a CAGR of 17.78% during the forecast years.
Stereolithography belongs to a family of additive manufacturing technology, called reductive photopolymerization, which is usually called resin 3D printing. These machines are all made according to the same principle, using light source, laser or projector to solidify liquid resin into hardened plastic. The main physical difference lies in the arrangement of core components, such as light source, building platform and resin tank. Stereolithography can be used to create prototypes for products under development, medical models and computer hardware, and many other applications.
The advantages of Stereolithography 3D Printing
Stereolithography is used to produce plastic parts with high resolution, fine details, smoothness and accuracy. SLA technology has many applications, including: universal prototyping using standard resin; Dental and medical resins with biocompatibility certification; Resins can be cast because they have no ashes after burning; Engineering resins with specific mechanical and thermal properties. Compared with other printing technologies, SLA printing technology has the following advantages: they produce injection mold with smooth surface. It also produces objects with fine features, and captures a lot of details in the printing model. In addition, the parts produced are hard, which makes them more durable. These factors will drive the growth of Stereolithography 3D Printing demand.
The shortcomings of Stereolithography 3D Printing
Although stereolithography can be used to produce almost any synthetic design, it is usually expensive, although the price is declining. Another disadvantage is that photopolymer is sticky and messy, which needs to be treated. Newly manufactured parts need cleaning, further curing and drying. The impact of all these processes on the environment needs more research, but generally speaking, SLA technology has not created any biodegradable or compostable resin forms, while other 3D printing methods provide some compostable PLA options. Stereolithography 3D Printing has certain shortcomings, which will affect the demand for Stereolithography 3D Printing.
Competition in the industry is fierce
For most industries the intensity of competitive rivalry is the major determinant of the competitiveness of the industry. Having an understanding of industry rivals is vital to successfully market a product. Positioning pertains to how the public perceives a product and distinguishes it from competitors. A business must be aware of its competitors marketing strategy and pricing and also be reactive to any changes made. The Stereolithography 3D Printing industry is facing a fierce competitive position. Many companies have been doing business in this industry. They pay more attention to R&D, product innovation, channel construction and customer relationship management, trying to gain greater market share and competitive advantage.
Region Overview:
Geographically, United States held the largest market share - 41.6% in 2022.
Company Overview:
3D Systems is one of the major players operating in the Stereolithography 3D Printing market, holding a share of 12.69% in 2023.
3D Systems
3D Systems, headquartered in Rock Hill, South Carolina, is a company that engineers, manufactures and sells 3D printers, 3D printing materials, 3D scanners, and offers a 3D printing service. The company creates product concept models, precision and functional prototypes, master patterns for tooling, as well as production parts for direct digital manufacturing. It uses proprietary processes to fabricate physical objects using input from computer-aided design and manufacturing software, or 3D scanning and 3D sculpting devices.
Formlabs
Formlabs is a 3D printing technology developer and manufacturer. The Somerville, Massachusetts-based company was founded in September 2011 by three MIT Media Lab students. The company develops and manufactures 3D printers and related software and consumables. It is most known for raising nearly $3 million in a Kickstarter campaign and creating the Form 1, Form 1+, Form 2, Form Cell, Form 3, Form 3L, and Fuse 1 stereolithography and selective laser sintering 3D printers.
Segmentation Overview:
As for product types, the Plastics and Photopolymers segment held the largest market share in 2022.
Plastics and Photopolymers
Plastic is a kind of material made of synthetic or semi-synthetic compounds, which has ductility (can change its shape). Photopolymers are thermosetting materials or polymers that change their properties when exposed to ultraviolet rays. These materials can be transparent or opaque, flexible or rigid, and can be specially formulated to meet unique application requirements.
Biomaterials
Biomaterials are used to support, enhance or replace damaged tissues or biological functions in medical applications.
Ceramics
Ceramic stereolithography creates ceramic three-dimensional (3D) objects via the layer-by-layer photopolymerization of a ceramic suspension.
Composites
A composite material is a material made of two or more constituent materials.
Application Overview:
The market's largest segment by application is the segment Healthcare, with a market share of 34.49% in 2022.
This report covers a research time span from 2018 to 2028, and presents a deep and comprehensive analysis of the global Stereolithography 3D Printing market, with a systematical description of the status quo and trends of the whole market, a close look into the competitive landscape of the major players, and a detailed elaboration on segment markets by type, by application and by region.
Key Takeaways from the Global Stereolithography 3D Printing Market Report:
Market Size Estimates: Stereolithography 3D Printing market size estimation in terms of value and sales volume from 2018-2028
Market Trends and Dynamics: Stereolithography 3D Printing market drivers, opportunities, challenges, and risks
Macro-economy and Regional Conflict: Influence of global inflation and Russia & Ukraine War on the Stereolithography 3D Printing market
Segment Market Analysis: Stereolithography 3D Printing market value and sales volume by type and by application from 2018-2028
Regional Market Analysis: Stereolithography 3D Printing market situations and prospects in North America, Asia Pacific, Europe, Latin America, Middle East, Africa
Country-level Studies on the Stereolithography 3D Printing Market: Revenue and sales volume of major countries in each region
Stereolithography 3D Printing Market Competitive Landscape and Major Players: Analysis of 10-15 leading market players, sales, price, revenue, gross, gross margin, product profile and application, etc.
Trade Flow: Import and export volume of the Stereolithography 3D Printing market in major regions.
Stereolithography 3D Printing Industry Value Chain: Stereolithography 3D Printing market raw materials & suppliers, manufacturing process, distributors, downstream customers
Stereolithography 3D Printing Industry News, Policies & Regulations
Key players in the global Stereolithography 3D Printing market are covered in Chapter 12:
Digital Manufacturing Co., Ltd
Union Technology Co., Ltd.
Formlabs
Proto labs, Inc.
DWS Systems
EnvisionTEC
Prodways
3D Systems
Azuma Koki Co., Ltd.
Boston Micro Fabrication
XYZprinting, Inc.
Stratasys, Ltd.
Materialise NV
Nexa3D Inc.
In Chapter 2 and Chapter 15.1, based on types, the Stereolithography 3D Printing market from 2018 to 2028 is primarily split into:
Plastics and Photopolymers
Biomaterials
Ceramics
Composites
Others
In Chapter 3 and Chapter 15.2, based on applications, the Stereolithography 3D Printing market from 2018 to 2028 covers:
Consumer
Automotive
Aerospace and Defense
Healthcare
Fashion and Aesthetics
Others
Geographically, the detailed analysis of consumption, revenue, market share and growth rate of the following regions are covered in Chapter 7, 8, 9, 10, 11, 15.3, 15.4:
North America (Covered in Chapter 7)
United States
Canada
Asia-Pacific (Covered in Chapter 8)
China
Japan
India
South Korea
Southeast Asia
Australia
Others
Europe (Covered in Chapter 9)
Germany
France
UK
Italy
Spain
Russia
Poland
Others
Latin America (Covered in Chapter 10)
Mexico
Brazil
Argentina
Others
Middle East and Africa (Covered in Chapter 11)
GCC Countries
Africa
Others
The data of this research report is mainly obtained from industry associations, magazines, press releases, national customs, annual reports of enterprises, expert interviews, paid databases and other channels with authority. It also provides scientific forecasts of the industry's core development indicators through professional analysis and forecasting models.
In short, whatever role you take in this industry value chain, this report will help you or your company to acquire a systematic and in-depth understanding of the industry.
Chapter Outline
This report consists of 16 chapters. Below is a brief guideline to help you quickly grasp the main contents of each chapter:
Chapter 1 starts the report with an overview of the Stereolithography 3D Printing market, as well as the definitions of the target market and the subdivisions. Through the presented global market size, regional market sizes, and segment market shares, you will be able to draw an overall and comprehensive picture of the market situation. Meanwhile, the research method and data source will be shared in this chapter.
Chapter 2 and Chapter 3 breaks down the market by different types and applications, with historic data presented in metrics of sales volume, revenue, market share and growth rate.
Chapter 4 elaborates on market dynamics and future trends in the industry, which contains an in-depth analysis of market drivers, opportunities, challenges, and risks. Other essential factors that will have a major impact on the market, i.e., industry news and policies in recent years, global inflation, and regional conflict, are also taken into consideration.
Chapter 5 compares the sales volume and revenue of the major regions across the globe, which enables the readers to understand the regional competitive pattern.
Chapter 6 is the analysis of the trade flow. Import volume and export volume are revealed on a regional level.
Chapters 7-11 focus on country-level studies. Data from the major countries in each region are provided, showing the current development of the industry in different countries. Besides, you will also find qualitative trends analysis under global inflation under each of the 6 regions.
Chapter 12 first up presents the competitive landscape by displaying and comparing the revenues, sales volumes, and market shares of the top players in the market, followed by a company-by-company analysis of all the major market participants with introductions of their products, product applications, company profiles, and business overview. In addition, their competitiveness is manifested through numbers of sales volume, revenue, price, gross and gross margin.
Chapter 13 looks into the whole market industrial chain, ranging from the upstream key raw materials and their suppliers to midstream distributors and downstream customers, with influences of global inflation taken into consideration.
Chapter 14 is perfect for those who wish to develop new projects in the industry. This chapter sheds a light on industry entry barriers and gives suggestions on new project investments.
Chapter 15 forecasts the future trend of the market from the perspective of different types, applications, and major regions.
Chapter 16 is the conclusion of the report which helps the readers sum up the main findings and insights.
Years considered for this report:
Historical Years: 2018-2022
Base Year: 2022
Estimated Year: 2023
Forecast Period: 2023-2028