Leading sector research, growth advisory, and analytics firm, MarketsandMarkets unveiled 360 Quadrant for the "Top 17 3D Printing Materials Companies, Worldwide 2023," classifying industry players 3D Systems, Höganäs, Formlabs, and Solvay into distinct categories that reflect their exceptional contributions to the 3D printing materials arena.
These four renowned companies have solidified their positions in the 3D printing materials landscape through their unwavering commitment to material innovation, quality control, compatibility, customization, and eco-conscious solutions. Their remarkable strides in advancing the 3D printing materials sector have earned them well-deserved recognition in this exclusive quadrant, showcasing their impact on a global scale.
The 3D Printing Materials Companies Quadrant is a comprehensive industry analysis that provides valuable insights into the global market for 3D Printing Materials. This quadrant offers a detailed evaluation of key market players, technological advancements, product innovations, and emerging trends shaping the industry. MarketsandMarkets 360 Quadrants evaluated over 200 companies of which the Top 17 3D Printing Materials Companies were categorized and recognized as the quadrant leaders.
The 360 Quadrant efficiently maps the 3D Printing Materials companies based on criteria such as revenue, geographic presence, growth strategies, investments, and sales strategies for the market presence of the 3D Printing Materials quadrant. Whereas the top criteria for product footprint evaluation included Material Form, Material Type, Technology Served, Application, and End-Use Industry.
3D Systems, Höganäs, Formlabs, and Solvay – The Leaders Explained
3D Systems Recognized as a Market Leader in the " Top 17 3D Printing Materials Companies, Worldwide 2023" by MarketsandMarkets 360 Quadrant
3D Systems has been at the forefront of 3D printing technology development and has significantly contributed to the evolution of materials used in the 3D printing process. The company’s expertise spans various types of 3D printing technologies, including stereolithography (SLA), selective laser sintering (SLS), and fused deposition modeling (FDM). Owing to the company’s expertise and wide market presence the company has been recognized as the "Market Leader" in the prestigious " Top 17 3D Printing Materials Companies, Worldwide 2023" by MarketsandMarkets 360 Quadrant.
The company has established and strengthened its dominant position in the market by demonstrating a keen understanding of market trends and dynamics. Its extensive materials portfolio encompasses a diverse range of options, from plastic, elastomer, composite, wax, metal, bio-compatible, and more material types. It caters its services to various industries such as automotive, healthcare, education, aerospace & defense, semiconductor, and others. Recently in July 2023, the company released new materials to enhance its Stereolithography (SLA) and Figure 4 portfolios – Accura AMX Tough FR V0 Black, Figure 4 Tough FR V0 Black, and Figure 4 JCAST-GRN 20. With these new high-performance materials, the company plans to enable efficient production of end-use parts in industries such as automotive, aerospace, semiconductor, and consumer goods. Earlier in 2023, the company announced innovations to strengthen its digital dentistry portfolio new materials, NextDent Base and NextDent Cast, and a new printing platform, the NextDent LCD1.
This recognition as a market leader by 360 Quadrants showcases 3D Systems' significant global impact in the 3D printing materials landscape. 3D Systems remains dedicated to driving innovation, sustainability, and excellence within the industry, positioning itself as a trusted partner for businesses seeking to leverage the full potential of additive manufacturing.
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Höganäs Recognized as a Contender in " Top 17 3D Printing Materials Companies, Worldwide 2023" by MarketsandMarkets 360 Quadrant
Höganäs is one of the leading manufacturers of metal powders for powder metallurgy. The company has a rich history and a reputation for innovation and excellence in the manufacturing of metal-based materials. Owing to Höganäs' expertise and contributions to the field of 3D printing materials, the company was recognized among the contenders on the quadrant for "Top 17 3D Printing Materials Companies, Worldwide 2023" by MarketsandMarkets 360 Quadrant. As a contender on this 360 Quadrant, Höganäs showcases its expertise in metal powder production, diverse product range, global presence, collaborative spirit, and commitment to sustainability, Höganäs is well-positioned to continue contributing to the evolution of 3D printing technology.
Höganäs offers a vast product portfolio that includes powders for various technologies such as additive manufacturing, brazing, chemical & metallurgical, Metal Injection Molding (MIM), and pressing & sintering, among others. It also offers a wide range of powders that support technologies like binder jetting, direct energy deposition, laser metal deposition, cold spray, powder bed fusion, etc. The company uses its vacuum induction melting inert gas (VIGA) atomization technique, using which Höganäs can produce high-purity 3D printing metal powders in various volume requirements. This technique is used for producing high-quality Co-, Ni- and Fe-based metal powders. It has developed a new spherical metal powder for 3D printing, named Plasma atomizing. The innovative atomization process explores the limits of powder design and production and offers several other benefits.
Recently in 2023, Höganäs was validated by SBTi (Science Based Targets initiative) for its near and long-term science-based emissions reduction targets and has verified its net-zero science-based targets. This recognition by 360 Quadrants not only acknowledges Höganäs' significant market share but also its strong brand recognition, bolstered by a portfolio of cutting-edge products and services tailored to address diverse customer needs. While it may not offer a comprehensive range of products like market leaders, its significant influence and impact on the industry are indisputable. Höganäs' deliberate emphasis on specific technologies and its dedication to achieving leadership within its chosen segments position it as a notable and forward-looking participant in its field.
Formlabs Recognized as an Innovator in " Top 17 3D Printing Materials Companies, Worldwide 2023" by MarketsandMarkets 360 Quadrant
Formlabs is a company with well-recognized stereolithography (SLA) and selective laser sintering (SLS) 3D printers globally. It develops a wide spectrum of proprietary resins, each tailored to specific applications and material properties. This extensive material ecosystem empowers users to produce everything from functional prototypes to detailed dental prosthetics with unmatched quality. Its recognition in the " Top 17 3D Printing Materials Companies, Worldwide 2023" is due to its innovative approach to materials development that has set it apart as a true industry leader, significantly impacting the world of additive manufacturing. The company, as an innovator, boasts a robust product portfolio that pushes the boundaries of the industry with forward-thinking approaches.
The company offers advanced powder and resin for various applications including dental, engineering, jewelry, and medical among others. The company also develops biocompatible materials and powders for selective laser sintering (SLS). Formlabs is also involved in 3D printers,
software, and post-processing. The company has made significant strides in the healthcare sector with its biocompatible resins, enabling the production of custom implants, surgical guides, and other medical devices. Recently in September 2023, the company announced two cutting-edge materials, Silicone 40A and Alumina 4N Resin, and its new Open Platform option that enables access to third-party materials, customizable print settings, and open material printing. These materials are designed for the needs of automotive, manufacturing, and industrial applications.
As an Innovator, as an innovator, offers a robust product portfolio that pushes the industry forward with forward-looking strategies. Although its current market share may be smaller than that of market leaders, Formlabs has the potential to ascend and become a notable player, driven by its innovative spirit and commitment to excellence. Formlabs continues to inspire the industry with its innovative approach to 3D printing materials, setting new standards for the future.
Solvay Gained Recognition as an Emerging Company in the " Top 17 3D Printing Materials Companies, Worldwide 2023" by MarketsandMarkets 360 Quadrant.
Solvay, a globally recognized leader in chemicals and advanced materials, has made significant strides in the realm of 3D printing materials. The company’s innovative approach to material development has not only expanded the possibilities of additive manufacturing but has also contributed to the industry's growth and transformation. Owing to its expertise in the 3D printing materials industry the company was recognized as an Emerging Company in the " Top 17 3D Printing Materials Companies, Worldwide 2023".
The company offers a portfolio of specialty polymer filaments for 3D Printing that are designed to offer the highest levels of strength and stiffness, flame resistance, chemical resistance, and reliable performance in high and low temperatures. The company also offers materials for healthcare and a range of polymer films that can be used for additive manufacturing (AM) sheets. Some of the notable products include KetaSpire PEEK Filament, KetaSpire Carbon-Filled PEEK Filament with 10% carbon fiber reinforcement, Radel PPSU Filament, and Powders like NovaSpire PEKK AM Powder, and others.
Solvay, with a focus on specific areas, provides specialized knowledge, targeted support, flexible terms, and competitive pricing within the 3D Printing Materials industry. While the company may have certain limitations, it is the preferred choice for specific use cases due to its strategic approach to expanding sales efforts and reaching a broader client base. Solvay's commitment to meeting specialized needs and continually growing aligns with industry dynamics, echoing the strategies highlighted in the provided context.
As global market dynamics continue to evolve, 3D Systems, Höganäs, Formlabs, and Solvay remain at the forefront of innovation, setting benchmarks for excellence in the 3D printing materials landscape. Their inclusion in the “Top 21 3D printing materials companies, Worldwide 2023” by MarketsandMarkets 360 Quadrant reaffirms their commitment to delivering cutting-edge solutions to a dynamic and ever-changing market.
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See Also: Top Lubricants Companies, Worldwide 2023
360 Quadrants Scoring Methodology
360 Quadrants employs a comprehensive and transparent scoring methodology to evaluate companies. It identifies relevant evaluation criteria, collects, and validates data from multiple sources, and employs an algorithm that considers parameter weights to generate scores. Normalization ensures fair comparisons, and the aggregated scores categorize solutions into quadrants such as Market Leaders, Contenders, Innovators, and Emerging Companies. This unbiased approach equips users with accurate information, empowering them to make well-informed decisions and select solutions that best suit their needs and objectives.
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