3D打印行业深度汇报：消费级需求方兴未艾，重点关注高性价比PLA耗材

Summary of 3D Printing Industry Conference Call Industry Overview - The global 3D printing market is expected to exceed $110 billion by 2034, with a compound annual growth rate (CAGR) of 18% over the next decade, and the materials segment may grow at over 20% [1][3] - The market size for 3D printing is projected to be approximately $21.9 billion in 2024, with the highest share from printing services (46%), followed by equipment (27%), materials (20%), and software (6%) [1][2] Consumer 3D Printing Market - The consumer 3D printing market is rapidly expanding, with the market size expected to grow from $1.5 billion in 2020 to $4.1 billion in 2024, reflecting a CAGR of about 28% [1][4] - Entry-level consumer 3D printers (priced below $2,500) are the only category experiencing shipment growth, with a projected year-on-year increase of 26% in 2024 [1][4] Key Drivers of Growth - The consumer 3D printing industry is driven by two main factors: 1. Price reduction, with mainstream brands seeing a 60% decrease in prices over the past three years, now ranging between 2,000 to 3,000 RMB [5] 2. Advances in AI technology that have significantly lowered the barriers to using modeling software, facilitating easier access for consumers [5] Material Focus: PLA - PLA (Polylactic Acid) is the most common material in consumer 3D printing, known for being environmentally friendly and easy to use, making it suitable for beginners [6] - Domestic demand for PLA in China is expected to reach 120,000 tons by the end of 2024, a 50% year-on-year increase, with significant demand from the 3D printing sector [6][12] - PLA is highlighted for its cost-effectiveness compared to other materials, making it well-positioned to meet the rapidly growing demand [6][12] Competitive Landscape - The entry-level consumer 3D printer market is dominated by Chinese companies, including Creality 3D, Tiertime Technology, ZOTAC, and Smart 3D, which collectively hold over 90% market share [2][8] - Industrial-grade 3D printing is primarily used in high-end manufacturing sectors such as aerospace, medical devices, and automotive, with different technological routes compared to consumer-grade [2][6] Downstream Applications - Key downstream applications for 3D printing include aerospace, healthcare, and automotive sectors, as well as educational institutions, small businesses, and home DIY users [7] Investment Opportunities - Companies with potential in PLA production and related fields include: 1. Haizheng Biomaterials: Plans to complete a 75,000-ton project by 2025 and has developed specialized resins for the 3D printing sector [14] 2. Kingfa Sci & Tech: A leader in modified plastics with an annual production capacity of 30,000 tons of PLA resin [14] 3. Jialin Technology: Focused on PLA filament production, has entered the supply chain of leading industries [14] Conclusion - The consumer 3D printing market is at a pivotal growth point, driven by technological advancements and price reductions, with PLA materials expected to play a crucial role in meeting the increasing demand [5][6][12]