guestts

Guestts

3D Printing Plastics Industry

The global 3D printing plastics market size is expected to reach USD 5.4 billion by 2030, according to a new study by Grand View Research, Inc. It is expected to expand at a CAGR of 24.0% from 2023 to 2030. The market is projected to witness substantial growth due to rising demand from various end-use industries such as medical, automotive, aerospace and defense, and consumer goods. Properties such as clarity in the image, high durability, high impact resistance, excellent UV and temperature resistant, sliding friction, high chemical resistance, rigidity, and dimensional stability are significantly fueling the demand for 3D printing plastics in the above-mentioned end-use industries across the globe.

3D printed products assist significantly in attaining economies of scale through the consumption of lesser lead time, reduced costs, and mitigated risks. 3D plastics also allow easier customization as per the consumers’ needs. Thus, attracting favorable government regulations across various end-use industries such as automotive, medical, and consumer goods. Asia Pacific is anticipated to expand at a lucrative CAGR over the forecast period. The medical end-use segment in the region is expected to witness substantial growth over the forecast period on account of the increasing applications of 3D plastics in prototyping, custom orthodontic implants, prosthetics, medical instruments, and others.

Moreover, the rising demand for high-quality medical instruments and components from hospitals in major economies, such as China, India, and Singapore, is anticipated to create lucrative opportunities in the medical industry. Furthermore, the recent outbreak of COVID-19 in countries such as India, China, Australia, Japan, and Malaysia is creating a high demand for 3D printing plastics, especially in face shields, 3D printed masks, and filter cover applications. Thus, the rising positive cases in the region are projected to significantly boost the market growth.

Gather more insights about the market drivers, restrains and growth of the Global 3D Printing Plastics market

3D Printing Plastics Market Segments Highlights:

  • North America dominated the 3D printing plastics market and accounted for more than 40% share of the global revenue in 2022.
  • Photopolymers type segment led the market and accounted for more than 58% share of the global revenue in 2022
  • Photopolymers are used extensively across several application industries as they act as a binder, additive, colorant, plasticizer, and as a chemical agent in the 3D printed product
  • In May 2019, Materialise collaborated with Essentium, HP, and Nikon to enhance connectivity and productivity in the manufacturing operations of additives. This collaboration was announced during the 3D printing and additive manufacturing event 2019 RAPID+TCT Conference and will help the adoption of 3D printed products in industrial manufacturers

Browse through Grand View Research’s Plastics, Polymers & Resins Industry Research Reports.

  • The global 3D printing market size was valued at USD 20.37 billion in 2023 and is expected to register a CAGR of 23.5% from 2024 to 2030.
  • The global nylon market size was estimated at USD 34.39 billion in 2023 and is projected to grow at a compound annual growth rate (CAGR) of 6.5% from 2024 to 2030.

Segments Covered in the Report

Grand View Research has segmented the global 3D printing plastics market report based on type, form, end-use, and region:

3D Printing Plastics Type Outlook (Volume, Tons; Revenue, USD Million, 2019 – 2030)

  • Photopolymers
  • ABS & ASA
  • Polyamide/Nylon
  • Polylactic acid
  • Others

3D Printing Plastics Form Outlook (Volume, Tons; Revenue, USD Million, 2019 – 2030)

  • Filament
  • Ink
  • Powder

3D Printing Plastics End-use Outlook (Volume, Tons; Revenue, USD Million, 2019 – 2030)

  • Automotive
  • Medical
    • Prosthetics & Implants
    • Surgical Instruments
    • Others
  • Aerospace & Defense
  • Consumer Goods

3D Printing Plastics Regional Outlook (Volume, Tons; Revenue, USD Million, 2019 – 2030)

  • North America
    • US
    • Canada
    • Mexico
  • Europe
    • Germany
    • France
    • UK
    • Italy
  • Asia Pacific
    • China
    • India
    • Japan
    • South Korea
  • Central & South America
    • Brazil
    • Argentina
  • Middle East & Africa
    • South Africa
    • Saudi Arabia

Order a free sample PDF of the 3D Printing Plastics Market Intelligence Study, published by Grand View Research.

Leave a Reply

Your email address will not be published. Required fields are marked *