MarketsandMarkets unveiled 360 Quadrant for the "Top 17 3D Printing Materials Companies, Worldwide 2023," classifying industry players Carpenter Technology, Sandvik, Proto Labs, and BASF 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.
Carpenter Technology, Sandvik, Proto Labs, and BASF – The Leaders Explained
Carpenter Technology Recognized as a Market Leader in the " Top 17 3D Printing Materials Companies, Worldwide 2023" by MarketsandMarkets 360 Quadrant
In 2019, Carpenter Technology announced the formation of its Carpenter Additive business unit. With a state-of-the-art facility in Athens, Alabama, Carpenter Additive offers its expertise in metal additive manufacturing to its customers in the aerospace, medical, transportation, energy, and industrial sectors. Owing to the company’s diverse product portfolio 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.
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In additive manufacturing, the company offers standard and custom powders, material handling strategies, and full-contract manufacturing services with a variety of production additive systems. The company’s suite of PowderRange metal powders is developed for LPBF (Laser Powder Bed Fusion) and EBM (Electron Beam Melting) and is optimized for a variety of machine types. The powder technology capabilities support a range of next-generation products and manufacturing techniques including Powder Forging, Metal Injection Moulding (MIM), and Hot Isostatic Pressing (HIP). PowderLife is a suite of AM production tools, which include hardware, software, and lab testing services.
Carpenter Technology's recognition as a market leader in the "Top 17 3D Printing Materials Companies, Worldwide 2023" reflects its enduring commitment to advancing the 3D printing
materials industry. The company’s legacy of expertise, comprehensive material portfolio, commitment to quality, innovation, sustainability, and ability to provide customized solutions make it a trusted partner for industries seeking to leverage the full potential of 3D printing materials in their applications. As the 3D printing industry continues to evolve, Carpenter Technology is poised to play a pivotal role in shaping its future.
Sandvik Recognized as a Contender in " Top 17 3D Printing Materials Companies, Worldwide 2023" by MarketsandMarkets 360 Quadrant
With a rich history of innovation and a strong presence in multiple industries, Sandvik is one of the leading companies in metal powder with a wide range of AM alloys. Owing to Sandvik's 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. The company invests significantly in research and development to stay at the forefront of technological advancements. Its collaborations with universities and research institutions contribute to innovation across various sectors.
Sandvik also offers its expertise in post-processing methods, like metal cutting, sintering, heat treatment, and hot isostatic pressing. The company develops gas-atomized Osprey powders. It offers a wide range of wide range of materials for additive manufacturing, such as Tool steels, including maraging steels, stainless steels, duplex and super-duplex stainless steels, high-temperature materials, nickel-based superalloys, titanium alloys, high-entropy alloys, high-speed steels, and cemented carbides. In April 2022, Sandvik expanded its additive offering by introducing 3D-printed cemented carbide with superior wear-resistant properties.
This recognition by 360 Quadrants not only acknowledges Sandvik's 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. Sandvik's 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.
Proto Labs Recognized as an Innovator in " Top 17 3D Printing Materials Companies, Worldwide 2023" by MarketsandMarkets 360 Quadrant
Proto Labs is a company well recognized for its cutting-edge digital manufacturing technologies, including 3D printing, CNC machining, and injection molding, that provide fast and cost-effective solutions for product development and production. The company was recognized as an innovator in the "Top 17 3D Printing Materials Companies, Worldwide 2023" for its innovative materials development approach, establishing itself as a leader in additive manufacturing. As an innovator, it offers a robust product portfolio that pushes industry boundaries.
The company offers a diverse range of materials for 3D printing. The materials include plastics, metals, elastomers, and others. Some of these materials are ABS, LDPE, PEEK, HDPE, polycarbonate, and more. It caters its services to various sectors including medical, automotive, aerospace, consumer electronics, industrial equipment, and robotics among others. The company is continually exploring and adopting new 3D printing materials and technologies, staying at the forefront of the industry's advancements. For instance, in February 2023, the company launched instant design for additive manufacturability (DfAM) analysis on 3D-printed parts through its online quoting platform. The company also expanded its range of additive materials and finishing choices. This expansion allows product developers and engineers to select from various shore-A hardness levels for 3D-printed silicone, which is 100% pure and offers biocompatibility while functioning across a range of temperatures.
Being at the forefront of innovation, Proto Labs presents a strong product lineup that drives industry progress through visionary approaches. While its present market share may not match that of leading competitors, Proto Labs possesses the capacity to rise and establish itself as a significant player, propelled by its innovative ethos and dedication to exceptional quality. Proto Labs consistently ignites industry inspiration through its inventive approach to 3D printing materials, establishing fresh benchmarks for the future.
BASF Gained Recognition as an Emerging Company in the " Top 17 3D Printing Materials Companies, Worldwide 2023" by MarketsandMarkets 360 Quadrant.
BASF is one of the well-established and globally recognized chemical companies. In 2017, BASF New Business GmbH founded the new Group company BASF 3D Printing Solutions GmbH (B3DPS). In 2019 the company introduced its Forward AM corporate brand. Forward AM offers selected 3D printing materials through the French 3D printing service provider Sculpteo. 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 an extensive portfolio of high-performance 3D printing materials which includes Ultrasint Powders, Ultrafuse Filament, and Ultracur3D Photopolymers. These materials enable new possibilities for advanced applications, from functional prototyping through to end-use serial production parts. BASF offers its solutions to various industries such as the automotive and aerospace industries, consumer goods, and industrial, medical, and dental sectors.
BASF, 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. BASF'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, Carpenter Technology, Sandvik, Proto Labs, and BASF 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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