3D Printing Plastics Market – Global Growth, Trends, Dynamics, Segment 2029

The 3D Printing Plastics Market was valued at US$ 985.4 Million in 2022. The Global 3D Printing Plastics Market size is estimated to grow at a CAGR of 24.8% over the forecast period.
3D Printing Plastics Market Overview:
The method of generating three-dimensional items from a digital file is known as 3D Printing. 3D Printing, also known as additive manufacturing, entails depositing successive layers of Form until the desired thing is achieved. 3D Printing is a faster manufacturing procedure than traditional manufacturing methods like injection molding and subtractive manufacturing. The 3D Printing Plastics market analyses and forecasts the market size, in terms of value, for the market. Further, the 3D Printing Plastics Market is segmented by Type, Application, Form, End-user, Technology, and Region. Based on Type, the 3D Printing Plastics market is segmented under Photopolymers, ABS & ASA, Polyamide/Nylon, Polylactic acid. Based on the Application, the market is segmented under Prototyping and Manufacturing. The market sizing and forecasts have been done for each segment based on value (in USD Million/Billion).To know about the Research Methodology:-Request Free Sample Report
3D Printing Plastics Market Dynamics:
Initiatives by the government to encourage the use of 3D printing plastic

3D Printing is employed in a variety of businesses throughout the world since it saves End-user time and costs while allowing for mass manufacturing of goods. Governments from all over the world are taking steps to encourage the use of 3D printing plastic in a variety of industries. The growth of the 3D printing plastic market is being boosted by government initiatives such as reimbursement policies and financing, as well as different mergers and acquisitions among small and large businesses for technical advancement.

End-user demand for 3D printing plastic to drive market growth.

The increasing demand from diverse end-users is one of the main drivers for 3D printing Forms. The growing use of 3D printed parts in aerospace, automotive, and military applications is likely to propel the industry forward. 3D Printing has shown to be an extremely beneficial technique for producing intricately designed items. Designers may use 3D Printing to build sophisticated pieces at a reasonable cost and with manufacturing potential. Titanium parts are commonly 3D printed in the aerospace sector because it has excellent dimensional accuracy and mechanical qualities.

Efficient and effective manufacturing fuel the market growth

In the manufacturing industries, 3D printing plastics provides advantages such as precision, flexibility, speed, and fuel optimization. The market for 3D printing plastics is supposed to build because of the benefits connected with the technology. In sectors such as automotive, the easier technique of manufacturing complicated parts is making manufacturing processes easier and lowering production costs.

High production costs are expected to hamper the market

Forms in non-standard forms such as powder, filament, and liquid are employed in 3D Printing. The cost of Forms increases when they are processed from their original state to one that is appropriate for 3D Printing. Forms suitable with 3D printers can cost up to 10-15 times more than Forms used in traditional manufacturing techniques, which is one of the key constraints limiting the market growth.

Concerns about the environmental impact of 3D printed plastic objects

Growing environmental concerns about the disposal of plastic Forms around the world are forecast to limit the growth of the 3D printing plastic market over the forecast period. To avoid pollution, 3D printing polymers, which are mostly petroleum-derived products, must be properly disposed of. In the long run, the use of HPP 3D printed Forms in 3D printing technologies is likely to face regulatory difficulties from a variety of environmental agencies around the world. This has prompted major polymer companies to invest in R&D to develop bio-based 3D printed items that are both biodegradable and environmentally friendly.

The growth of the automotive business

The rise of the automated company would ensure that demand for 3D printing plastic remains high in the coming years. The industry is gaining technicians thanks to rapid advancements in various forms and technology. Additionally, the capacity to create tools The use of additive manufacturing to create prototypes, fixtures, and other final products would increase demand for 3D printing polymers.

Lack of standardization in the entire process

The lack of standardization in the entire process is the primary difficulty for the 3D printing plastics business. The high-end machinery used in component manufacturing causes the manufacturer significant financial hardship.
Trends:
In the automotive sector, 3D printing plastic Forms are widely employed to create scaled models for testing. Bellows, front bumper, air conditioner ducting, suspension wishbone, dashboard interface, alternator mounting bracket, battery cover, and other components are made using them. 3D printing Forms are being used by automotive OEM makers for quick prototyping. Automotive manufacturers are leaning toward the use of 3D printing plastic because of its advantages, such as reduced manufacturing time, reduced Form waste, and so on. These Forms are used by some of the world's greatest car manufacturers, including AUDI, Rolls-Royce, Porsche, Hackrod, and many more, to create replacement parts and metal prototypes.
3D Printing Plastics Market Segment Analysis:
Based on Type, in 2022, the photopolymers category dominated the market, accounting for more than 55.8 % of worldwide revenue. Photopolymers are liquid mixes of monomer, polymer base, and oligomers, as well as a photoinitiator, which are soluble in water. They are light-sensitive polymeric Forms that change their physical and chemical properties when exposed to light. The process is started by ultraviolet light, which affects the characteristics of photopolymers. They're widely used in a variety of printing technologies, such as inkjet, polyjet, and 3D Printing.

During the forecast period, polyamide/nylon is forecast to grow at the quickest rate. Nylon has a higher melting point than other Forms, making it an excellent choice for a variety of applications. Also, it has excellent oxygen barrier qualities, making it acceptable for use with other forms such as paper, which have poor gas resistance.Based on End-user, in 2022, the medical end-use segment dominated the market, accounting for more than 45.6 % of market revenue. Also, the COVID-19 pandemic is forecast to drive demand for medical components such as face shields, mask clips, and 3D printed masks and filter coverings, propelling the market growth.

The demand for plastics in additive manufacturing is set to rise as aircraft manufacturing for defense and commercial uses growth. Increasing military spending is expected to fuel the aerospace industry's growth, propelling product demand. The Airbus A350 and the Boeing Dreamliner are two of the most popular aircraft fleets in the aviation business.
Regional Insights:
The North American region held the largest market share accounting for 41.2% in 2022. The area has mature marketplaces and is distinguished by a technologically advanced 3D printing sector, all of which contribute considerably to market growth. In the North American market, polylactic acid (PLA) is expected to increase at a promising rate. PLA filament is frequently utilized in a variety of applications since it comes in a variety of colors and blends. It's also easier to use and gives the final printed product a higher quality finish.

In 2022, the United States led the North American market, and this dominance is forecast to continue throughout the projection period. The burgeoning medical end-use market, owing to the country's growing senior population, is driving demand for 3D printing plastics in the country. The mechanical and chemical qualities of 3D printed plastics have led to an increase in demand for 3D printed polymers in medical equipment.
Competitive Landscape:
The competitive landscape for 3D printing in Forms shows a market that is fairly fragmented. A company's dominance is determined by its diverse product portfolio and new 3D printing Form launches for a number of applications. Additionally, continual improvements by key companies to improve the physical qualities and lower the cost of 3D printing Forms are forecasted to boost the company's market presence. The growing demand for 3D Printing in industries including automotive, aerospace, medical, and consumer goods has prompted corporations to pursue growth methods, joint ventures, and acquisitions. Some of the major key players in the 3D Printing Plastics market are 3D Systems, Inc., Formise NV, Markforged, Inc., EOS GmbH, Höganäs AB, Arkema, Royal DSM N.V., ExOne, GE Additive, Evonik Industries AG.

The objective of the report is to present a comprehensive analysis of the global 3D Printing Plastics Market to the stakeholders in the industry. The past and current status of the industry with the forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that include market leaders, followers, and new entrants.

PORTER, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers.

The reports also help in understanding the 3D Printing Plastics Market dynamic, and structure by analyzing the market segments and projecting the 3D Printing Plastics Market size. Clear representation of competitive analysis of key players by Design, price, financial position, product portfolio, growth strategies, and regional presence in the 3D Printing Plastics Market make the report investor’s guide.
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Global 3D Printing Plastics Market


Report Coverage
Details


Base Year:
2022
Forecast Period:
2023-2029


Historical Data:
2018 to 2022
Market Size in 2022:
US $ 985.4 Mn.


Forecast Period 2023 to 2029 CAGR:
24.8%
Market Size in 2029:
US $ 4646.4 Mn.


 Segments Covered:
by Type
Photopolymers
ABS & ASA
Polyamide/Nylon
Polylactic acid


by Application
Prototyping
Manufacturing


by Form
Filament
Ink
Powder


by End-User
Automotive
Medical
Aerospace & Defense
Consumer Goods


by Technology
Fused Deposition Modelling (FDM)
Selective Laser Sintering (SLS)



3D Printing Plastics Market, by Region
North America (United States, Canada and Mexico)
Europe (UK, France, Germany, Italy, Spain, Sweden, Austria and Rest of Europe)
Asia Pacific (China, South Korea, Japan, India, Australia, Indonesia, Malaysia, Vietnam, Taiwan, Bangladesh, Pakistan and Rest of APAC)
Middle East and Africa (South Africa, GCC, Egypt, Nigeria and Rest of ME&A)
South America (Brazil, Argentina Rest of South America)
3D Printing Plastics Market Key Players are:
1. 3D Systems, Inc.
2. Formise NV
3. Markforged, Inc.
4. EOS GmbH
5. Höganäs AB
6. Arkema
7. Royal DSM N.V.
8. ExOne
9. GE Additive
10.Evonik Industries AG
11.BASF SE
12.Covestro AG
13.Solvay
14.American Elements
15.Envisiontec Inc.
16.Stratasys Ltd.
17.SABIC
18.HP INC.
19.PolyOne Corporation

Frequently Asked Questions:

1] What is the forecasted market size and growth rate of the Global 3D Printing Plastics Treatment market?
Ans: Forecasted market size US$ 4646.4 Million till 2029, with a CAGR of 24.8 %.

2] What is the forecast period for the Global 3D Printing Plastics Treatment Market?
Ans: The forecast period for the Global 3D Printing Plastics Treatment Market is 2023-2029.

3] Which region is expected to hold the highest share in the global 3D Printing Plastics Treatment Market?
Ans: The North American region is expected to hold the highest share in the 3D Printing Plastics Treatment market.

4] Which are the leading key players in the global 3D Printing Plastics Treatment market?
Ans: 3D Systems, Inc., Formise NV, Markforged, Inc., EOS GmbH, Höganäs AB, Arkema, Royal DSM N.V., ExOne, GE Additive, Evonik Industries AG are some of the key players in the 3D Printing Plastics Treatment market.

5] What segments are covered in Global 3D Printing Plastics Treatment?
Ans: The Global 3D Printing Plastics Treatment Market is segmented into Type, Application, Form, End-user, and Region.