IMARC Group, a leading market research company, has recently releases report titled “3D Printing Plastics Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028.” the global 3D printing plastics market size reached US$ 1,006 Million in 2022. Looking forward, IMARC Group expects the market to reach US$ 3,400 Million by 2028, exhibiting a growth rate (CAGR) of 20.9% during 2023-2028.
What are 3D Printing Plastics?
Three-dimensional or 3D printing plastics represent several materials, including photopolymers, acrylonitrile butadiene styrene (ABS) filaments, thermoplastics, and polyamide used in additive manufacturing procedures to develop products. They are mostly composed of various synthetic and semi-synthetic compounds derived from petrochemicals and natural sources.3D printing plastics are lightweight, easily sterilizable, malleable, biocompatible, and provide enhanced thermal, chemical, and mechanical properties. They even aid in faster and easier design modifications or iterations, ensure effective mass customization of products, and offer assembly consolidations. As a result, 3D printing plastics find extensive applications across numerous sectors, such as automotive, healthcare, aerospace and defense, consumer goods, food and beverage (F&B), etc.
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What are the growth prospects and trends in the industry?
The growing adoption of 3D printing technology across industries to promote digital product manufacturing over traditional methodologies, which include injection molding and subtractive composition, is among the key factors driving the 3D printing plastics market. Apart from this, the elevating awareness about the multiple advantages of 3D printing plastics, including flexibility, precision, fuel optimization, etc., owing to which the usage of polycarbonate and ABS materials in the F&B segment has intensified, is acting as another significant growth-inducing factor. In addition to this, the increasing uptake of the product in the aerospace and automotive industries to manufacture low-volume components at a reduced lead time and production costs is further stimulating the market growth. Moreover, the development of bio-based grade plastic printing materials by leading manufacturers derived from natural sources, such as palm oil, castor seeds, starches, etc., is also positively influencing the global market. Besides this, the escalating product demand from the healthcare sector to manufacture orthodontics surgical implants and surgical instruments is expected to propel the 3D printing plastics market over the forecasted period.
Who are the key players operating in the industry?
The report covers the major market players including:
- 3D Systems Inc.
- Arkema S.A.
- BASF SE
- CRP Technology srl
- EOS GmbH – Electro Optical Systems
- Evonik Industries AG
- Henkel AG & Co. KGaA
- Materialise NV
- Shenzhen Esun Industrial Co. Ltd.
- Solvay S.A.
- Stratasys Ltd.
- Toner Plastics.
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What is included in market segmentation?
The report has segmented the market into the following categories:
Breakup by Type:
- Photopolymers
- ABS and ASA
- Polyamide/Nylon
- Polylactic Acid (PLA)
- Others
Breakup by Form:
- Filament
- Liquid/Ink
- Powder
Breakup by Application:
- Manufacturing
- Prototyping
Breakup by End User:
- Automotive
- Healthcare
- Aerospace and Defense
- Consumer Goods
Market Breakup by Region:
- North America (United States, Canada)
- Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
- Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa
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