3D printing elastomers market expected to reach $1.389 billion by 2030

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The American research organization Report Oceans recently published a study in which it assesses the growth of elastomers in the 3D printing market. The organization estimates that the elastomer market will reach $1.389 billion within eight years, with annual growth of 22.5% from 2022 to 2030. The healthcare and automotive sectors are expected to be the two markets that will be largely responsible for this increase. A big reason to suggest this is the fact that elastomers have many interesting properties for these two demanding sectors.

Elastomers belong to the large family of polymers and are characterized by their rubbery elasticity. They are able to withstand large deformations before breaking, and these deformations are usually reversible. For this reason, they are often used when designing a product that must withstand severe shock or vibration, such as car tires. Additionally, elastomers are also incompressible, making them a preferred material for making gaskets.

Photo credits: Zortrax

Elastomers and 3D printing

In additive manufacturing, the thermoplastic elastomer family – better known by its acronym TPE – is popular in many industries, including medical, automotive and consumer products (sports equipment, for example). According to the study by Report Oceans, the Covid-19 pandemic has contributed to the growth of the 3D printing elastomers market due to the need to design swabs, protective masks, etc. The report also mentions the important role of silicone elastomers in additive manufacturing, which is evolving more and more.

Among the companies in the industries, 3D Systems and Carbon have been identified as the machine manufacturers that will contribute the most to the growth of the elastomers market. Carbon, for example, offers four elastomeric resins, including one biocompatible material. You have probably already seen these solutions in the shoe soles produced by Adidas. It is therefore not surprising that the largest market share is in North America.

Carbon offers different elastomers for additive manufacturing (photo credits: Carbon)

However, the study also points out that the cost of elastomers could restrain the market growth. Nevertheless, this will not prevent market players from innovating and continuing their research on elastomers, such as Texas A&M University, which has developed a recyclable and self-healing elastomer for additive manufacturing. To learn more about the 3D printing elastomers market, you can get more information about it HERE.

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*Cover photo credits: Stratasys

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