Overview and Scope
3D printing plastic refers to plastic filament used in 3D printing. It is a thermoplastic with a base of elastomers based on polybutadiene, which makes it a more flexible material. 3D printing plastics can be used to create almost anything, including prototyping, manufacturing, anatomical models, and other applications.
Sizing and Forecast
The 3d printing plastics market size has grown exponentially in recent years. It will grow from <b>$1.43 billion in 2023 to $1.78 billion in 2024 at a compound annual growth rate (CAGR) of 24.7%. </b> The growth in the historic period can be attributed to rise in healthcare sector, growth in aerospace industry, increased demand for customized products, growth in manufacturing sector, rise in demand for plastic.
The 3d printing plastics market size is expected to see exponential growth in the next few years. It will grow to <b>$4.14 billion in 2028 at a compound annual growth rate (CAGR) of 23.5%. </b> The growth in the forecast period can be attributed to growing automotive sector, regulatory approvals, rising defense and military sector, growing construction activities. Major trends in the forecast period include metal-plastic hybrid printing, eco-friendly and biodegradable 3d printing plastics, mass customization, ai and generative design, collaboration among companies.
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Segmentation & Regional Insights
The 3d printing plastics market covered in this report is segmented –
1) By Type: Photopolymers, ABS, PLA, Polyamide, Other Types
2) By Form: Powder, Filament, Ink
3) By Application: Prototyping, Manufacturing
4) By End-Use Industry: Aerospace and Defense, Healthcare, Automotive, Electronics and Consumer Goods, Other End-users
<b>North America</b> was the largest region in the 3D printing plastics market in 2023. <b>Asia-Pacific</b> is expected to be the fastest-growing region in the 3D printing plastic market share during the forecast period. The regions covered in the 3d printing plastics market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
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Major Driver Impacting Market Growth
The rising use of 3D printed plastic in the automotive sector is expected to propel the growth of the 3D printing plastic market. 3D printing plastic has long-standing benefits when it comes to reducing the production of waste and scrap. As part of a digital transformation trend, 3D plastic printing can help transition to digital manufacturing, especially when combined with tools that enable excellent connectivity and automation. For instance, in February 2022, Bentley Motors Limited, a UK-based manufacturer and marketer of luxury cars and SUVs, extended the capability of 3D printing to produce thousands of new components. In 2021, the company recorded 15000 components produced in their facility center. Additionally, the company has invested £3 million to double its additive manufacturing (AM) capacity. Therefore, increasing use of 3D printing in the automotive sector is expected to drive the growth of 3D printing plastics market during the forecast period.
Key Industry Players
Major companies operating in the 3d printing plastics market include <b> 3D Systems Corporation, Stratasys Ltd., Arkema SA, Electro Optical Systems GmbH, Evonik Industries AG, Carbon Inc., Desktop Metal Inc., Divergent Group Ltd., Fast Radius Inc., Formlabs Inc., General Electric Company, Glowforge Inc., Hewlett-Packard, Markforged Holding Corporation, SprintRay Inc., 3D Fortify Inc., Rokk3r Labs LLC, Optomec Inc., Ultimaker BV, XYZprinting Inc., Covestro AG, Badische Anilin- und Sodafabrik SE, Henkel AG & Co. KGaA, Solvay S.A., Saudi Basic Industries Corporation, DuPont de Nemours Inc., Shenzhen eSUN Industrial Co Ltd., Huntsman Corporation, CRP Technology, Materialise NV </b>
The 3d printing plastics market report table of contents includes:
1. Executive Summary
2. 3D Printing Plastics Market Characteristics
3.3D Printing Plastics Market Trends And Strategies
4.3D Printing Plastics Marker analysis
5. 3D Printing Plastics Market Size And Growth
6.3D Printing Plastics Segmentation
7.3D Printing Plastics Regional And Country Analysis
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27. 3D Printing Plastics Competitive Landscape And Company Profiles
28.3D Printing Plastics Key Mergers And Acquisitions
29.3D Printing Plastics Future Outlook and Potential Analysis
TOP MAJOR PLAYERS:
- 3D Systems Corporation
- Stratasys Ltd.
- Arkema SA
- Electro Optical Systems GmbH
- Evonik Industries AG
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11 February 2020 - The global 3D Printing Plastics Market is estimated to reach USD 1.98 billion by 2025, with a CAGR of 24.9% during the forecast period.
3D printing plastics possess flexibility, durability and have a high temperature resistance often preferred for plastic engineering and professional applications.
ABS is a type of 3D printing plastics with excess need for heated print bed with reliability.3D printing plastics industry is driven by rise in healthcare industry and demand for 3D printing plastics in the manufacturing activities.
In addition, the 3D printing plastic market is influenced by rising demand for medical devices, orthopaedics and dental implants.Request a Sample Copy of This Report @ https://www.millioninsights.com/industry-reports/3d-printing-plastics-marketBy type, the 3D printing plastic industry is segmented as ABS, polyamide, photopolymer and PLA.
Photopolymer segment is anticipated to grow at a higher CAGR during the forecast period owing to extensive use of stereo lithography technology.
End-use segmentation for the market of 3D printing plastics comprises electrical & electronics, healthcare, automotive and aerospace & defense.Geographical segmentation for 3D printing plastics industry spans North America, South America, Europe, Asia-Pacific, Middle East and Africa.
The global 3D printing plastic materials market is forecast to reach USD 3,143.1 Million by 2026, according to a new report by Reports and Data.
Such government initiatives have resulted in extensive use and incorporation of 3D printing plastics among different end-user industries like the healthcare sector and the automotive industry that have a positive impact on market growth.3D Printing Plastics Market Size – USD 611.8 Million in 2018, Market Growth - CAGR of 21.2%, Market Trends – Increase in supply of 3D Printing PlasticsIn addition to the mentioned factor, there are various regions which holds significant scope for expansion of the market.
Factors like continuously expanding medical and automotive manufacturing industries in developing economies as China and India contribute to the region's growth rate.Request A Free Sample : https://www.reportsanddata.com/sample-enquiry-form/1695Further key findings from the report suggestThe 3D printing plastics market held a industry share of USD 611.8 Million in the year 2018.
Factors like its extensive use in various end-user industries because of its general as well as industrial application contribute to the revenue generated by it.In context to Type, the Photopolymer segment yielded the highest revenue of USD 336.5 Million in 2018 with the second-highest growth rate of 22.8% during the forecast period.
The revenue generated by the Photopolymer segment is attributed to its extensive application in different printing technologies like polyjet, inkjet, and 3D jetted printing.While discussing Type, it is mentionable here that, Polyamide/Nylon segment is projected to witness the fastest growth rate of 24.6% during the forecast period, which is forecasted to occupy 16.0% of the market by 2026.
The growth rate of this region is the result of its higher melting pointing as compared to other types of 3D printing plastics, which results in its diverse application.
