Global Rapid Prototyping Materials Market to Reach $3B by 2033

Market report 3D printing demand fuels surge in rapid prototyping materials market

2025-05-06 Source: Spherical Insights 2 min Reading Time

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The global market for rapid prototyping materials is set to skyrocket — from 586.7 million Dollars in 2023 to over 3 billion Dollars by 2033—driven by booming demand in aerospace, automotive, and healthcare industries.

The Rapid prototyping materials market is the business that deals in materials applied for rapid prototyping technologies like 3D printing, CNC machining and injection moulding.(Source: Spherical Insights) — The Rapid prototyping materials market is the business that deals in materials applied for rapid prototyping technologies like 3D printing, CNC machining and injection moulding.
(Source: Spherical Insights)

The market for rapid prototyping materials is expected to grow significantly over the next decade, reaching a projected 3,082.8 million Dollars by 2033, according to a report published by Spherical Insights & Consulting. This represents a compound annual growth rate (CAGR) of 18.05 percent from its 2023 value of 586.7 million Dollars.

Rapid prototyping materials are essential for producing functional prototypes using technologies such as 3D printing, CNC machining, and injection molding. Their growing adoption is fueled by increasing demand for faster, cost-effective product development in sectors including automotive, aerospace, and healthcare.

Among material types, polymers led the market in 2023 and are expected to maintain a dominant position throughout the forecast period. The popularity of polymers such as PLA, ABS, and photopolymers is attributed to their versatility, lightweight properties, and compatibility with various additive manufacturing methods.

In terms of form, filaments held a substantial market share in 2023, driven by their widespread use in fused deposition modeling (FDM) 3D printing. Their affordability and ease of use make them a preferred choice across multiple industries.

The functional prototype segment accounted for the largest share by function, reflecting its crucial role in product design validation and performance testing. This trend is particularly prominent in industries requiring high precision and material performance, such as aerospace and medical technology.

Regionally, North America is projected to lead the market over the forecast period, supported by high levels of industrial innovation, strong R&D investment, and the presence of major market players. Meanwhile, the Asia Pacific region is expected to register the fastest growth, driven by rapid industrialization, increased adoption of 3D printing, and supportive government policies in countries like China, Japan, and South Korea.

Key players operating in the global rapid prototyping materials market include General Electric, Sandvik, Renishaw, Oxford Performance Materials, Höganäs, EOS, DSM, CRS Holdings, Arkema, and 3D Systems, among others.

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