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Photopolymers Market Size Worth USD 7.08 Billion in 2032

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The global photopolymers market size reached USD 2.60 Billion in 2022 and is projected to maintain a steady revenue Compound Annual Growth Rate (CAGR) of 10.5% during the forecast period, as per the latest analysis by Emergen Research. Key factors propelling the growth of market revenue include the increasing demand for 3D printing, technological advancements in the printing and packaging industry, and a rising need for artificial jewelry and prosthetics on a global scale.

Photopolymers stand out as one of the materials utilized in 3D printing, showcasing the potential to create products with enhanced properties. The field of 3D printing is experiencing rapid growth in both academic and commercial settings. Photopolymerization-based technologies, such as Stereolithography (SLA) and digital light processing, among various 3D printing techniques, allow precise control over the final attributes of 3D printed materials, including optical, chemical, and mechanical properties, achieved through different polymer chemistries. This capability empowers engineers to develop sophisticated materials with diverse applications, exerting influence over the final properties tailored for specific applications.

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In addition, rising demand for prototyping in the automotive industry is another key factor driving revenue growth of the market. For instance, on 6 October 2021, Evonik revealed new photopolymers for industrial 3D printing. The specialty chemicals business has created two new photopolymers for industrial 3D printing, INFINAM RG 3101 L and INFINAM FL 6300 L. These products will be added to the recently introduced product line of synthetic resins suited for use in typical photopolymer 3D printing procedures such as SLA or Digital Light processing (DLP).

However, environmental concerns and high cost of photopolymer 3d printing are key factors, which restrain market revenue growth. Some types of light are used to cure resin to proper geometry at the beginning of process, but it is also used to cure components after 3D printing. This is frequently done in a separate Ultraviolet (UV) chamber. Extrusion of materials 3D printing, which is widely used in nonindustrial settings, has been shown to produce particles and Volatile Organic Compounds (VOCs). In addition, emissions of vat polymerization 3D printing, which is also commonly used, are also not good for health.

Scope of Research

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Major Companies and Competitive Landscape

The global photopolymers market is characterized by fragmentation, with numerous large and medium-sized players contributing to the majority of market revenue. Major industry participants are implementing various strategies, including mergers & acquisitions, strategic agreements & contracts, and the development, testing, and introduction of more effective photopolymer solutions. Some key players mentioned in the global photopolymers market report include:

  • Evonik
  • Carbon, Inc.
  • Formlabs
  • Keystone Industries
  • Stratasys
  • Henkel Adhesives Technologies India Private Limited
  • Arkema
  • polySpectra

Strategic Developments

  • On October 11, 2023, Anderson and Vreeland, Inc. (A&V) announced the establishment of a Photopolymer Business Development Team within the company to enhance its extensive array of flexographic plate production materials.
  • On April 28, 2023, Henkel announced the release of a new industrial resin, Loctite 3D IND249. This high-temperature, high-strength material is capable of printing complex shapes with precise feature resolution, offering medium viscosity and high green strength for accurate printing with easy processing.

Key Highlights From the Report

  • The dental segment dominated the global photopolymers market in 2022, attributed to increasing life expectancy and growing awareness of oral health and aesthetics. Dental 3D printing is utilized for various components, including dentures, tooth models, aligners, crowns, surgical implants, inlays, onlays, overlays, operational guides, bespoke models, and surgical equipment.
  • Photopolymer resins are expected to exhibit a consistently fast revenue growth rate in the global photopolymers market during the forecast period. This is driven by the increasing number of companies manufacturing photopolymer resins, offering a smooth finish that requires minimal post-processing.
  • North America held the largest revenue share in the global photopolymers market in 2022. This is attributed to the presence of leading companies involved in 3D printing technologies, product launches, and partnerships and acquisitions with other industries. For instance, on December 7, 2020, Arkema announced the acquisition of Colorado Photopolymer Solutions, enhancing its technical expertise in photopolymer formulation for the rapidly developing 3D printing market.

For a detailed report description, research methodology, table of content, and infographics, please visit the full report.

Emergen Research has segmented the global photopolymers market on the basis of photopolymer type, product type, raw materials, application, technology, and region:

  • Photopolymer Type Outlook (Revenue, USD Billion; 2019-2032)
    • Liquid Photopolymer
    • Sheet Photopolymer
  • Product Type Outlook (Revenue, USD Billion; 2019-2032)
    • Photopolymer Plates
    • Photopolymer Resins
    • Photopolymer Coatings
  • Raw Materials Outlook (Revenue, USD Billion; 2019-2032)
    • Polymers
      1. Acrylics
      2. Polyisoprene
      3. Polyamides
      4. Epoxies
      5. Others
    • Oligomers
    • Monomers
    • Other additives
  • Application Outlook (Revenue, USD Billion; 2019-2032)
    • Dental
    • Medical
    • Audiology
    • Jewelry
    • Automotive
    • Prototyping
    • Industrial/Engineering
    • Electronics (including connectors)
    • Consumer Goods
    • Others
  • Technology Outlook (Revenue, USD Billion; 2019-2032)
    • Stereolithography (SLA)
    • Digital Light Processing (DLP)
    • Continuous Digital Light Processing (cDLP)
  • Regional Outlook (Revenue, USD Billion; 2019-2032)
    • North America
      1. U.S.
      2. Canada
      3. Mexico
    • Europe
      1. Germany
      2. France
      3. UK
      4. Benelux
      5. Rest of Europe
    • Asia Pacific
      1. China
      2. India
      3. Japan
      4. South Korea
      5. Rest of APAC
    • Latin America
      1. Brazil
      2. Rest of LATAM
    • Middle East & Africa
      1. Saudi Arabia
      2. UAE
      3. Rest of Middle East & Africa

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About Emergen Research

Emergen Research is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target, and analyze consumer behavior shifts across demographics, across industries, and help clients make smarter business decisions. We offer market intelligence studies ensuring relevant and fact-based research across multiple industries, including Healthcare, Touch Points, Chemicals, Types, and Energy.

For more information, visit https://www.emergenresearch.com/.

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