3D Printing Plastics Market: Global Industry Analysis and Forecast (2024-2030) Trends, Statistics, Dynamics, and Region

3D Printing Plastics Market Definition:

The report explores the Global 3D Printing Plastics market's segments (Type, Form, End-Use, and Region). Data has been provided by market participants and regions (North America, Asia Pacific, Europe, Middle East & Africa, and South America). This market report offers a thorough analysis of the rapid advances currently taking place across all industry sectors. Facts and figures, illustrations, and presentations provide critical data analysis for the historical period from 2018 to 2022. The report investigates the Global 3D Printing Plastics market's drivers, limitations, prospects, and barriers. This MMR report includes investor recommendations based on a thorough examination of the Global 3D Printing Plastics market's contemporary competitive scenario.

 

 

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3D Printing Plastics Market Dynamics:

Significant demand is from various sectors such as Aerospace & Defence, healthcare, and others:

 

There is a significant rise in the application of the 3D Printing Plastic Market in various industries such as aerospace and defense, electrical and electronics, and healthcare, as it reduces project efforts, time, and costs. There is also a rise in the demand for bio-based plastics that can further create a market as plastic is a synthetic and semi-synthetic compound-based material. These have the characteristic of being malleable, which means they can change shape affecting the growth of the market positively.

 

The 3D Printing process of producing three-dimensional objects from a digital file. 3D printing, also termed additive manufacturing, involves putting down consecutive layers of material until the desired object is obtained. 3D printing is a quicker manufacturing process when compared with the conventional manufacturing processes such as injection molding and subtractive production. There is a rise in demand from the end-users that are driving the growth of the market.

 

The governments are also investing huge amounts in promoting the growth of the market:

 

There is a rise in the use of 3D printed parts in aerospace, automotive, and military applications. There has also been a significant rise in these industries over the past few years. The governments are also making huge investments in these sectors to improve efficiency. The 3D printing technology has turned out to be a highly useful technology for manufacturing parts with complicated designs. This technology also enables the designer to create these complex parts at a low cost and with production feasibility. The 3D Printed Parts offer high dimensional accuracy with great mechanical properties as titanium in the aerospace industry is mostly 3D printed. These are the factors that are creating upcoming opportunities in the growing 3D Printing Plastic Market through the forecast period.

 

The high cost of production and purchasing 3D printing equipment is hampering the growth:

 

The high production cost of 3D printed plastic is hampering the overall market's growth. The initial cost required for purchasing 3D printing equipment is high. Commercial grade equipment is a high-capital-intensity investment. For 3D printing, materials are used in non-standard forms like powder, filament, and liquid. This processing of the materials from standard form to the one suitable form 3D printing ads up to the cost of the materials. Additionally, the costs of 3D printing materials and plastics are higher because they are premium grades designed specifically for 3D applications in various end-use industries. These are the major restraining factors that are restraining the growth of the market through the forecast period.

 

Global 3D Printing Plastics Market Trends:

 

The use of 3D printing technology has been found in sectors such as the medical sector, from 3D printed surgical guides as well as tools, which replicas of human organs for presurgical planning. Thermosetting polymers and thermoplastic polymers are used for 3D printing. Fused deposition modeling (FDM), thermal inkjet (TIJ) printing and selective laser sintering (SLS), are one of the most commonly used 3D printer technologies in medical applications. The governments are also making huge investments in these sectors to improve efficiency. The 3D printing technology has turned out to be a highly useful technology for manufacturing parts with complicated designs. This technology also enables the designer to create these complex parts at a low cost and with production feasibility.

 

3D Printing Plastics Market Segment Analysis:

Based on Form, the 3D Printing Plastic Market is segmented into Filament, Ink, and Powder. The Filament segment has dominated the largest market share accounting for 65.9% in 2023, and is expected to grow at a CAGR of 14% during the forecast period as these are manufactured and marketed in diameters that are 1.75mm and 3mm. These properties of the filaments are creating a demand for several applications such as food packaging, tableware, upholstery, and disposable garments, which are expected to drive the demand over the forecast period.

 

 

Based on End Users, the 3D Printing Plastic Market is segmented into Automotive, Aerospace & Defense, Industrial, Medical, and others. The Aerospace & Defence segment has dominated the largest market share accounting for 38.2% in 2023, and is expected to grow at a CAGR of 3.27% during the forecast period. This is because the ability of 3D printing technology to manufacture cost-effective and lightweight parts with high dimensional accuracy has enabled its easy incorporation into the aerospace & defense industry and led to the growth of the market through the forecast period.

 

3D Printing Plastics Market Regional Insights:

The North American region held the largest market share accounting for 68.7% in 2023. This region is comprised of developed markets and is characterized by a technologically advanced 3D printing industry, thereby contributing significantly to the market growth. Polylactic acid (PLA) is projected to grow at a promising rate in the North American market. Filament produced from PLA is widely used across several application areas as it is available in the market in various colors and blends. It is also easier to use and gives a premium finish to the final printed product. These factors are leading to the growth of the market through the forecast period.

 

The Asia Pacific region is expected to witness significant growth at a CAGR of 16.2% through the forecast period. An increase in the disposable income of the countries such as China, India, ASEAN, and others is driving the industries such as consumer products, automotive, healthcare, and others. Polymers are the largest segment in the region in terms of 3D printing materials demand due to the wide adoption of desktop printers in the region. These factors are leading to the growth of the market through the forecast period.

 

3D Printing Plastics Market Key Players Insights:

The market is characterized by the existence of a number of well-known firms. These companies control a large portion of the market, have a wide product portfolio, and have a global presence. In addition, the market comprises small to mid-sized competitors that sell a limited variety of items, some of which are self-publishing organizations.

 

The market's major companies have a significant impact because most of them have extensive global networks through which they can reach their massive client bases. To drive revenue growth and strengthen their positions in the global market, key players in the market, particularly in North America and Europe, are focusing on strategic initiatives such as acquisitions, new collection launches, and partnerships.

 

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 report provides trends that are most dominant in the Global 3D Printing Plastics Market and how these trends will influence new business investments and market development throughout the forecast period. The report also aids in the comprehension of the Global 3D Printing Plastics Market dynamics and competitive structure of the market by analyzing market leaders, market followers, and regional players.

 

The qualitative and quantitative data provided in the Global 3D Printing Plastics Market report is to help understand which market segments, regions are expected to grow at higher rates, factors affecting the market, and key opportunity areas, which will drive the industry and market growth through the forecast period. The report also includes the competitive landscape of key players in the industry along with their recent developments in the Global 3D Printing Plastics Market. The report studies factors such as company size, market share, market growth, revenue, production volume, and profits of the key players in the Global 3D Printing Plastics Market.

 

The report provides Porter's Five Force Model, which helps in designing the business strategies in the market. The report helps in identifying how many rivals exist, who they are, and how their product quality is in the Global 3D Printing Plastics Market. The report also analyses if the Global 3D Printing Plastics Market is easy for a new player to gain a foothold in the market, do they enter or exit the market regularly, if the market is dominated by a few players, etc.

 

The report also includes a PESTEL Analysis, which aids in the development of company strategies. Political variables help in figuring out how much a government can influence the Global 3D Printing Plastics Market. Economic variables aid in the analysis of economic performance drivers that have an impact on the Global 3D Printing Plastics Market. Understanding the impact of the surrounding environment and the influence of environmental concerns on the Global 3D Printing Plastics Market is aided by legal factors.

 

3D Printing Plastics Market Scope:

3D Printing Plastics Market
Market Size in 2023	USD 1440.08 Mn.
Market Size in 2030	USD 5961.29 Mn.
CAGR (2024-2030)	22.5%
Historic Data	2018-2022
Base Year	2023
Forecast Period	2024-2030
Segment Scope	By Type Photopolymers ABS & ASA Polyamide/Nylon Polylactic acid Others
	By Form Filament Ink Powder
	By End-User Automotive Aerospace Industrial Defense Medical Others
Regional Scope	North America- United States, Canada, and Mexico Europe – UK, France, Germany, Italy, Spain, Sweden, Austria, and Rest of Europe Asia Pacific – China, India, Japan, South Korea, Australia, ASEAN, Rest of APAC Middle East and Africa - South Africa, GCC, Egypt, Nigeria, Rest of the Middle East and Africa South America – Brazil, Argentina, Rest of South America

 

3D PRINTING PLASTICS MARKET KEY PLAYERS: 

 

• 3D Systems Corporation
• Arkema SA
• EOS
• Evonik AG
• Stratasys
• BASF SE
• EOS GmbH
• EnvisionTEC
• FormLabs Inc.
• HP Inc.
• Prodways Technologies
• Proto Labs Inc.
• Ricoh Company Ltd.
• Royal DSM
• Stratasys Ltd.
• Voxeljet AG
• XYZ Printing
• Asiga
• Aviv3D
• Carbon3D Inc
• Hunan Farsoon High-Tech Co. Ltd.
• Mcor Technologies Ltd.
• Ultimaker B.V,