Global 3D Printing Plastics Market is segmented By Form(Powder, Filament, Liquid/Ink), By Type (Poly Amide, Photo Polymer, Polylactic Acid, ABS and ASA, Others (PET, PC), By End User(Automotive, Healthcare, Electrical & Electronics, Aerospace & Defense, Others (Construction), and By Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa) – Share, Size, Outlook, and Opportunity Analysis, 2024-2031.
3D Printing Plastics Market Overview
3D Printing Plastics Market is expected to reach at a CAGR of 21.2% during the forecasting period 2024-2031. 3D printing plastics have a high number of end-use applications. Each process meets different mechanical, physical, and visual requirements appropriate for a specific design. The 3D printing plastics market is classified into polyamide, photopolymer, polylactic acid, ABS & ASA, and others based on the type. ABS filament is the most commonly used 3D printing plastic and is used in the bodywork of cars, appliances, and mobile phone cases. It is thermoplastic and contains elastomers based on polybutadiene that make it more flexible and resistant to shocks.
3D Printing Plastics Market Dynamics and Trends
Increasing demand for composite grades of 3D printing plastics in different applications and government initiatives to support the adoption of 3D printing technologies worldwide is the major impacting factor for globally growing the market. Comprehensive government engagement is required for nations to realize the vast economic potential of 3D printing in the fully-digitized new world. The Chinese government is aggressively driving the national agenda on 3D printing; they plan to invest USD 245 million over the next seven years to boost the development of 3D printing.
The 3D printing industry is currently at a technological and economic inflection point that opens the door to a digital reinvention of the worldwide manufacturing sector. The countries who act to embrace it will secure their place at the table of global leadership and innovation for generations to come.
Environmental concerns regarding the use of plastics are one of the major restraints for worldwide growth.
3D Printing Plastics Market Segmentation Analysis
Based on end-user, the 3d printing plastics market is divided into automotive, healthcare, electrical & electronics, aerospace & defense, etc. The global 3D printing plastics market size by end-user was worth USD YY million in 2018 and is estimated to reach USD YY million by 2026, at a CAGR of YY% during the forecast period. The healthcare segment is expected to hold the largest market share due to its use in orthopedic & dental implants, medical devices & equipment, etc. With 3D printing in healthcare, doctors can create tools that accurately follow a patient's unique anatomy.
3D printed tools are used to make the placement of restorative treatments (screws, plates, and implants) more precise, resulting in better postoperative results. Tractus3D has launched a product named ULTEM into the market. ULTEM (PEI)is a thermoplastic that boasts a high-temperature resistance, great dielectric strength, and an excellent strength-to-weight ratio. ULTEM is a great material for medical use due to its low moisture absorption, and it is also used in airplanes.
By form, the 3D printing plastics market is segmented into powder, filament and liquid/ink. The powder segment is expected to grow with a high CAGR growth rate in the forecast period due to the rising interest in laser sintering technology globally. Laser sintering is an additive manufacturing (AM) technique that uses a laser as the power source to sinter powdered material (typically nylon or polyamide), aiming the laser automatically at points in space defined by a 3D model binding the material together to create a solid structure. In some additive manufacturing processes, powder removal is an indispensable post-processing step and often involves manual work. Companies like Renishaw use conventional machining methods such as blasting or electrochemical treatment and polishing after powder bed printing.
The 3D printing plastics market is classified into polyamide, photopolymer, polylactic acid, and ABS & ASA and others based on the type.
3D Printing Plastics Market Geographical Share
The Asia Pacific global 3D printing plastics market size was worth USD YY million in 2018 and is estimated to reach USD YY million by 2026, at a CAGR of YY% during the forecast period. The Asia Pacific dominated the global 3D Printing Plastics market in 2018 and is estimated to hold the largest market size over the forecast period (2020-2027). Companies are focusing on strengthening their market position in the Asia Pacific. For instance, in August 2019, DyeMansion and YUNS, a distributor of 3D printing equipment, announced that they would sell DyeMansion’s post-processing technology within the Shanghai and Shenzhen regions of China, strengthening DyeMansion’s market position in the Asia-Pacific region.
3D Printing Plastics Market Companies and Competitive Landscape
The 3D Printing Plastics market is competitive with existing players in the market. Some of the major players include BASF 3D Printing Solutions GmbH, SABIC, 3D Systems Corporation, Oxford Performance Materials, Envisiontec GmbH, Eos GmbH Electro Optical Systems, Royal Dsm N.V., Golden Plastics, Materialise NV and Arkema S.A.
The key players are adopting various key strategies such as product launches, collaborations, mergers & acquisitions, contributing to the growth of the 3D Printing Plastics Market.
In August 2019, Leading 3D printer OEM 3D Systems and German Automotive R&D center TOYOTA Motorsport GmbH (TMG) have announced a partnership to develop “first-to-market” additive manufacturing solutions.
In August 2019, DyeMansion and YUNS, a distributor of 3D printing equipment, have announced that they will sell DyeMansion’s post-processing technology within the Shanghai and Shenzhen regions of China, strengthening DyeMansion’s market position in the Asia-Pacific region.
In November 2018, GKN announced a strategic partnership with EOS, the world's leading technology supplier in the field of industrial 3D printing of metals and polymers.
The 3D Printing Plastics report would provide access to 61 data tables, 56 figures, and 212 pages.
