MarketsandMarkets unveiled 360 Quadrant for the "Top 17 3D Printing Materials Companies, Worldwide 2023," classifying industry players General Electric, GKN Powder Metallurgy, Materialise, and Huntsman 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 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.
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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 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.
General Electric, GKN Powder Metallurgy, Materialise, and Huntsman – The Leaders Explained
General Electric (GE) Recognized as a Market Leader in the " Top 17 3D Printing Materials Companies, Worldwide 2023" by MarketsandMarkets 360 Quadrant
General Electric (GE), a global industrial conglomerate through the GE Additive business division was recognized as a "Market Leader" in "Top 17 3D Printing Materials Companies, Worldwide 2023," as recognized by MarketsandMarkets 360 Quadrant. The company has established a robust presence and earned a reputation for excellence over the years. GE Additive is one of the leaders in providing machines, software, consultancy, advanced AP&C powders, and spherical metal powders designed for additive manufacturing. The company's commanding position in the market has been established and fortified through its keen understanding of market trends and dynamics. GE holds a significant market share, reinforced by its innovative initiatives and its distinctive brand recognition within the industry.
GE Additive offers Direct Metal Laser Melting, Electron Beam Melting, and Binder Jet metal additive technologies, as well as AddWorks consulting services, software, and metal powders. It caters its services to sectors such as aerospace, medical & orthopedics, military & defense, industrial manufacturing, automotive, and space. The company, through AP&C, a GE Additive company offers additive powders like titanium aluminide, nickel powders, titanium powders, and aluminum powders among others. In October 2022, the company introduced GE Additive’s Binder Jet Line and the Series 3 printer.
This recognition as a market leader by 360 Quadrants showcases GE's significant global impact in the 3D printing materials landscape. GE 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.
GKN Powder Metallurgy Recognized as a Contender in " Top 17 3D Printing Materials Companies, Worldwide 2023" by MarketsandMarkets 360 Quadrant
GKN Powder Metallurgy is a prominent global player in the field of powder metallurgy and additive manufacturing. With a rich history spanning over a century, GKN Powder Metallurgy has evolved to become a leading provider of advanced metal powder solutions and 3D printing technologies. Owing to GKN Powder Metallurgy'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. As a contender on this 360 Quadrant, GKN Additive showcases its major presence in the additive manufacturing industry, particularly in metal 3D printing. The company uses cutting-edge technologies such as selective laser melting (SLM) and electron beam melting (EBM) to produce intricate, high-quality metal parts with precision.
GE Additive, combined with Forecast 3D, builds on GKN Powder Metallurgy’s dual expertise in powder production and metal processing. It offers components for the automotive and industrial sectors. Some of the products like AncorWear, which is a line of premium wear-resistant metal powder alloys are optimized for use in Laser Powder Bed Fusion (LPBF). Other metal alloys are based on metals like iron, nickel, and aluminum among others. The company also has introduced the materials 316L, 17-4PH (booth stainless steels), and FSLA (Free Sintering Low Alloy) that have been fully tailored to the Binder AM process. GKN Additive Materials, a sub-brand of GKN Additive, plays a key role in bringing new metal AM powders to market. It offers a number of advanced metal powders for additive manufacturing, including its range of ANCORTI titanium alloys and ANCORAM specialty steel, stainless steel, nickel, aluminum, and copper alloys. Within its steel powder business, GKN Additive Materials is pioneering low-alloy steel powders for additive manufacturing.
This recognition by 360 Quadrants highlights GKN Powder Metallurgy's substantial market share, strong brand recognition, and a portfolio of cutting-edge products and services tailored to diverse customer needs. While the company might not be offering an extensive product range like market leaders, GKN Powder Metallurgy's significant impact and commitment to leadership positions it as a notable and forward-looking participant in the industry.
Materialise Recognized as an Innovator in " Top 17 3D Printing Materials Companies, Worldwide 2023" by MarketsandMarkets 360 Quadrant
Materialise is a significant entity in the 3D printing materials market. The company offers prototyping, medical, and dental 3D printing solutions. It is well known for sustainable 3D printing solutions in the industry. Its recognition in the " Top 17 3D Printing Materials Companies, Worldwide 2023" is due to its diverse product portfolio and market presence. The company, as an innovator, boasts a robust product portfolio that pushes the boundaries of the industry with forward-thinking approaches.
The company offers 3D printing software as well as different materials through its subsidiaries. It caters services to the healthcare and industrial sectors. This includes a range of materials, from performance-grade metals to engineering polymers and cast polyurethanes. The range of metal materials offered by the company includes aluminum, titanium, stainless steel, and other such materials. It offers materials for various technologies like metal 3D printing, Selective laser sintering, Multi Jet Fusion, Stereolithography, Fused deposition modeling, PolyJet, and other technologies.
Materialise 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, Materialise has the potential to ascend and become a notable player, driven by its innovative spirit and commitment to excellence. The company continues to inspire the industry with its innovative approach to 3D printing materials excellence, setting new standards for the future.
Huntsman Gained Recognition as an Emerging Company in the " Top 17 3D Printing Materials Companies, Worldwide 2023" by MarketsandMarkets 360 Quadrant.
Huntsman is a prominent and innovative player in the realm of 3D printing materials. As a leading global specialty chemicals company, Huntsman has strategically positioned itself at the forefront of the additive manufacturing industry, offering a diverse range of cutting-edge materials that are instrumental in advancing 3D printing technologies. 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 provides its IROPRINT additive manufacturing platform, which comprises three distinct types of urethane-based materials, including resins, powders, and filaments. These materials are compatible with various additive manufacturing methods such as stereolithography (SLA), high-speed sintering (HSS), and fused filament fabrication (FFF). The IROPRINT R resins are single-component (1K) polyurethane-based liquids that can be employed in 3D printing using stereolithography (SLA) and digital light processing (DLP) additive manufacturing techniques. Meanwhile, the IROPRINT P powders consist of a range of high-performance, cost-effective TPU powders specially designed for utilization in high-speed sintering (HSS) and selective laser sintering (SLS) processes. Lastly, IROPRINT F filaments constitute an assortment of cost-effective, high-performance TPU filaments optimized for processing through fused filament fabrication (FFF) in 3D printing.
Huntsman, 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. Huntsman'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, General Electric, GKN Powder Metallurgy, Materialise, and Huntsman 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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