The global 3D printing plastics market is growing dramatically over recent years, mainly due to the rising adoption of 3D printing technology across industries. 3D printing technology is evolving rapidly with the introduction of different types of polymers and materials that can be used for printing purposes. While, due to superior properties, such as excellent strength & durability, toughness & flexibility, lightweight & minimal shrinkage, and high-temperature resistance, of plastic materials, are extensively consumed in the manufacturing of various high-performance components & materials to be used in multiple industrial applications.
According to Market Research Future (MRFR), the valuation of the global 3D Printing Plastics Market is projected to reach over USD 1,700 MN by 2023, registering a CAGR of 24.89% during the forecast period (2022 - 2030), In 2017, the market had touched a valuation of USD 530.5 MN. 3D printing plastics perceive a vast market demand, which leads to increasing the size and the value of its market on the global front. The versatility of plastic material as a printing medium is boosting its application rate in the 3D printing market.
Besides, increasing usages of recycled plastic as a printing material in 3D printers and growing demand for 3D printed plastic components are anticipated to propel the growth of the global 3D printing plastics market during the assessment period. The rising popularity of 3D printing technology in end-use industries such as automotive, science, and industrial sectors is expected to push the market growth in the upcoming years. Advancements in industrial procedures and forward integration of key polymer manufacturers are favoring the growth of the market.
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On the other hand, environmental regulations related to the disposal of 3D printed plastic products are significant factors impeding the market growth. Also, the lack of adoption of new technologies in the APAC and MEA regions is estimated to slow down the growth of the 3D printed plastics market. Nevertheless, the rising demand for composite grade 3D printing plastics in several industrial applications would support market growth over the review period.
3D Printing Plastics Market - Segments
The report has been segmented into five major dynamics.
By Type : Photopolymer, Acrylonitrile Butane Styrene, Polyamide, Polylactic Acid, and others.
By Form : Filament, Powder, Liquid/Ink
By Application : Prototyping, Manufacturing
By End-use Industry: Healthcare, Aerospace & Defense, Automotive, Electrical & Electronics.
By Regions : Europe, Americas, Asia Pacific, Middle East & Africa, and Rest-of-the-World.
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Regional Insights
Geographically, the 3D printing plastics market spans across regions namely, Europe, North America, Latin America, Asia Pacific, and the Middle East and Africa.
Among all the regions, North America is likely to account for the largest market share. The growth is attributed to the presence of established competitors in this region. Also, with the escalating demand for 3D printed plastics, the market in this region is estimated to flourish. Moreover, the positive adoption rates of this technology are likely to augment the growth in the coming years.
The Asia Pacific region is considered to be the fastest growing region during the appraisal period. The growth is credited to the rising demand stemming from the end-user industries. China is considered as a major consumer of 3D printing plastics.
Industry Updates
February 11, 2019: The Refabricator, a 3D printer, allows the astronauts to create tools of their specifications, without having to wait for months for items to be brought down from the earth. The Refabricator can recycle the things it has already printed and turn them again into new materials. It can also create the raw 3D printer filament from old packaging supplies, like plastic shipping materials from NASA, which uses to pack its cargo for its trip to space.
Competitive Dashboard
The prominent players operating the global 3D printing plastics market are Stratasys Ltd. (the U.S.), L.P. (the U.S.), Arkema Group (France), EOS GmbH Electro Optical Systems (Germany), Materialise (Belgium), CRP Group (the U.S.), 3D Systems Inc. (the U.S.), SABIC (Saudi Arabia), Evonik Industries AG (Germany), Royal DSM N.V. (The Netherlands), ENVISIONTEC INC. (Germany), DowDuPont Inc. (the U.S.), Oxford Performance Materials (the U.S.), Clariant (Switzerland), HP Development Company, and BASF SE (Germany).
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