3D Printing Plastics Market - Global Size, Share, Trends, Growth and Forecast Year ( 2022 – 2032 )
Market Size and Overview:
With a compound annual growth rate (CAGR) of 21.5% from 2023 to 2032, the 3D printing plastics market has experienced steady growth, reaching a market value of USD 5054.7 million in 2032, as per KD Market Insights. This growth can be attributed to the increasing demand for bio-based products for 3D printing plastics. In addition, people prefer to stay up-to-date with the new technological advancements, which gave rise to the 3D printing plastics market. The market is emerging, with several companies investing in research and development and launching new products.
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3D Printing Plastics Market Report Scope |
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Base Year Market Size |
2022 USD 721.2 million
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Forecast Year Market Size
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2032 USD 5054.7 million |
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CAGR Value
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21.5% from 2023 to 2032 |
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Segmentation
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•By type •By form •By application •By end-use industry •By geography
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Challenges
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•Growing concerns for environment due to plastic disposal •Stringent rules and regulations |
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Growth Drivers
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•Increased demand for bio-based products •Technological advancements •Favourable government investments •Increasing customized product developments |
Market Segmentation:
The 3D printing plastics market is segmented by:
By Type:
- Photopolymers
- ABS
- PLA
- Polyamide
- Others
By Form:
- Powder
- Liquid
- Filament
By Application:
- Prototyping
- Manufacturing
- Others
By End-use Industry:
- Aerospace & Defense
- Healthcare
- Automotive
- Electronics & Consumer Goods
By Geographic Regions:
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East and Africa
Photopolymer: The photopolymer segment acquires the largest share in 2022 based on type in the 3D printing plastics market. These are transparent materials that are used in the SLA technology. They are used in various applications such as jewelry, dental, and other end-use industries as it has high aesthetic values.
Filament: In 2022, the filament segment dominated the market in terms of value and volume. There is high demand from India, China, and Japan for 3D printing plastics, which lead to a rise in demand for the filament segment. The filament segment is also used widely in various applications, such as medical devices, automotive parts, implants, and aircraft parts.
Regional Analysis:
The regional analysis of the 3D printing plastics market reveals diverse trends and dynamics across different parts of the world. North America holds the largest share in the 3D printing plastic market. Various well-established manufacturers are present in the region, which is blooming the growth of the 3D printing plastic market. The manufacturers such as Stratasys, 3D Systems Corporation, and others are having a foothold in the region.
During forecast period, Asia-Pacific is likely to be the fastest-growing region among all the regions. The demand for 3D printing plastics is increasing in the Indian, China, and Japanese markets. The end-user industries like healthcare and consumer products are having a higher demand in these markets. The rest of the regions, Latin America, Europe, the Middle East, and Africa, are also growing moderately but are expected to grow during the forecast period due to higher demand from the automotive, defense, and healthcare sectors.
Growth Drivers:
There is an increased demand for the bio-based products of 3D printing plastics due to their natural characteristics. Some major companies are planning to introduce bio-based products of 3D printing plastics to expand their business. The government is also promoting these bio-based products as they are environmentally friendly.
The demand for 3D printing plastics has also grown due to the creation of prototypes. The filament is also increasing the growth of these 3D printing plastics as it includes benefits like resistance, odorless, high density, and others. The increasing customized product development has taken the 3D printing plastics market to a high level. People are preferring new technology of 3D printing plastics, which is increasing market demand. The government is also investing in 3D printing plastics and promoting them, increasing the market demand.
Challenges:
Growing concerns for the disposal of plastic into the environment are creating a restraining factor for the 3D printing plastics market. Plastic creates pollution, which is a major concern for 3D printing plastics. Due to this several rules and regulations have been implemented by the government to dispose-off plastic in a proper way in which the environment does not get affected. The regulations are stringent, and the 3D printing plastics market is facing issues growing in the market.
Key Companies:
- 3D Systems Corporation
- Statasys Inc.
- Convestro AG
- Arkema SA
- Evonik Industries
- BASF SE
- Solvay SA
- Henkel
- EOS GmbH Electro Optical Systems
- SABIC
- Other Players
The report profiles key players in the 3D printing plastics market, such as 3D Systems Corporation, Arkema SA, SABIC, and others. These companies have a strong market presence, extensive distribution networks, and a wide product portfolio. Their competitive strategies involve product innovation, strategic partnerships, mergers, and acquisitions to enhance their market share and cater to diverse customer needs.
In March 2022, 3D Systems Corporation and Saudi Arabian Industrial Investments Company (Dussur) signed an agreement to expand their business for the use of additive manufacturing in Saudi Arabia.
In March 2022, Evonik collaborated with Asiga based on photopolymer 3D printing to increase their production to a large scale.
In February 2022, 3D Systems acquired Titan Additive LLC to expand its business into its polymer AM solutions.
In November 2021, Arkema collaborated with SEQENS to increase their production in 3D printing by adopting development strategies for Medical IMPEKK, used for 3D printing.
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- Publication date: 3rd September 2023
- Base year: 2022
- Forecast year: 2023-2033
- Format: PDF, PPT,Word,Excel
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