Global 3D Printing Plastics Market by Type (PLA, ABS & ASA, Polyamide/Nylon, Photopolymers), by Form (Powder, Ink, Filament) and Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast To 2028

Summary of the Report

Global 3D printing plastics market was worth USD 520.5 million in 2019. It is projected to grow at a compound annual rate (CAGR of 23.7%) between 2020 and 2027. The market will grow due to the ease of custom product development and favorable government investments. The demand will also be driven by the rising demand from automotive, medical and aerospace industries. The automotive industry has huge opportunities thanks to recent developments in additive manufacturing. This has allowed for the creation of stronger, lighter, safer parts and parts, with shorter lead times and lower costs. For rapid prototyping, the OEMs used HTML3D printing HTML3D. Market growth is expected to be fueled by the increasing demand for automotive products.

3D printing is gaining popularity worldwide. 3D printing is used extensively to make shoes, musical instruments and building parts. These business sectors are expected to grow in investment and receive government support. This will likely boost the overall demand for 3D printed plastics.

Because it is more efficient than traditional manufacturing methods, 3D printing is in high demand. 3D printing allows for faster production and reduces the effort, time, and cost of the project. It doesn't even require special tooling to make a prototype. The traditional manufacturing process can still achieve certain geometries, but additive manufacturing eliminates many of the constraints that are associated with tooling.

The market is still limited by the high cost of 3D-printed plastic parts. 3D printing equipment can be expensive to purchase at the beginning. Equipment of commercial grade is very capital-intensive in nature. The costs of 3D printing materials and plastics are more expensive because they are high-quality grades, especially for 3D applications in different end-use industries.

The market for 3D printed plastics is seeing a significant increase in positive COVID-19 cases around the world. The demand for medical components like ventilator vales and masks has increased since the emergence of COVID-19. Due to COVID-19's increasing demand, 3D printing is being used to meet this shortage. Because 3D printing allows for customization and on-demand manufacturing, it is ideal to fill the short-term supply gap. It also allows for rapid changes to meet the needs of different hospitals and doctors. You can mass customize the product at similar or identical costs.

Type Insights

The market leader in photopolymers was the segment that accounted for over 59% of the 2019 revenue share. Photopolymers consist of soluble liquid mixtures containing monomer, polymer base and oligomers, along with a photoinitiator. These are light sensitive polymeric materials that change their chemical and physical properties when exposed to sunlight. Photopolymers are affected by ultraviolet rays, which initiate the reaction. They are used extensively in a variety of printing technologies including inkjet, monojet and 3D-jetted printing.

The forecast period will see nylon and polyamide grow at the fastest rate of CAGR. Polyamide (PA) is another name for nylon. Nylon 6 and Nylon 6 6 are two types of nylon with similar amounts of carbon, hydrogen, oxygen and nitrogen. HTML3_ Nylon HTML3_ has a higher melting point which makes it a great material for many applications. It also has strong oxygen barrier properties which make it ideal for use in combination with other materials like paper that do not have good gas resistance.

Form Insights

The filament form market was the largest and contributed more than 69% of global revenue in 2019. They can be manufactured in only two sizes, 1.75mm or 3mm. They are versatile and will drive demand in the future due to increased demand from many industries, including food packaging, tableware, upholstery and disposable clothing.

The forecast period will see 3D printing inks grow because of continued research and development as well as investments in smart inks. The inks allow the 3D-printed structures to be modified in shape and color. This enhances their functionality. Researchers are also working on low-cost ways to produce critical parts for areas like biomechanics or energy.

End-use Insights

The market's largest segment, the medical end-use sector, accounted for over 42% of total revenue share in 2019. The key factors driving 3D printing plastics demand in the medical sector include its cost-effectiveness and ease of customization as well as rising incidences of osteoarthritis and vascular diseases. Product demand for medical applications is expected to rise due to improved technology, government support and rapid product development. Market growth is expected to be driven by the growing demand for medical components like face shields, mask clips, 3D printed filters and mask covers, as well as the outbreak of COVID-19.

The demand for additive manufacturing plastics will rise as a result of the growth in aerospace manufacturing, both for commercial and defense purposes. The growing aerospace industry will be fuelled by increased military and defense spending, which should drive product demand. The most in-demand aircraft fleets are the A350 and Dreamliners of Airbus Group.

Regional Insights

North America was the dominant market for 3D printing plastics in 2019, accounting for more than 40% of global revenue. This region, which is composed of mature markets, contributed significantly to the global 3D printing plastics market. It accounted for over 40% of the global revenue in 2019. The North American market for 3D-printed plastics (PLA), is expected to grow at an encouraging rate. PLA filament is used in many applications because it comes in a variety of colors and blends. It's also simpler to use and provides a high-quality finish to the final printed product.

In 2019, the North American market was dominated by the United States. This dominance is expected to continue over the forecast period. Due to the increasing elderly population, the main driver of the demand for 3D printed plastics in the nation is the growing medical segment. 3D printed plastics are gaining popularity in medical equipment due to their chemical and mechanical properties. The healthcare industry will be driven by the demand for 3D printed plastics due to their biocompatibility, cost-effective production methods, and optical clarity. The rising demand for medical components due to the spread of COVID-19 at community level is expected to drive the market for medical components. This will increase the demand in the U.S. for 3D printed plastics.

Market Share Insights & Key Companies

3D Systems Corporation, Arkema Inc., Envisiontec Inc., Materialse NV and Stratasys Ltd. are key manufacturers. Market participants are committed to expanding the 3D printing plastics' range and their applications. The technology is rapidly improving and 3D printed plastics manufacturers are focusing on streamlining pre-and postproduction processes. Materialise partnered with Engimplan in August 2019. Engimplan is a Brazilian manufacturer for orthopedic and craniomaxillofacial implants (CMF). The collaboration was to increase Materialise's product range in Brazil by introducing 3D printed customized implants. The following are some of the most prominent players in 3D printing plastics:

• 3D Systems Corporation

• Arkema Inc.

• Envisiontec Inc.

• SABIC

• Materialse nv

• HP INC.

• Eos GmbH Electro Optical Systems

• PolyOne Corporation

• Royal DSM N.V.

Up Market Research published a new report titled “3D Printing Plastics Market research report which is segmented by Type (PLA, ABS & ASA, Polyamide/Nylon, Photopolymers), by Form (Powder, Ink, Filament), By Players/Companies SABIC, Arkema Inc, Eos GmbH Electro Optical Systems, PolyOne Corporation, Envisiontec Inc, Royal DSM NV, 3D Systems Corporation, HP INC, Materialse nv”. As per the study the market is expected to grow at a CAGR of XX% in the forecast period.

Report Scope

The report covers comprehensive data on emerging trends, market drivers, growth opportunities, and restraints that can change the market dynamics of the industry. It provides an in-depth analysis of the market segments which include products, applications, and competitor analysis.

Global 3D Printing Plastics Market Report Segments:

The market is segmented by Type (PLA, ABS & ASA, Polyamide/Nylon, Photopolymers), by Form (Powder, Ink, Filament).

3D Printing Plastics Market research report delivers a close watch on leading competitors with strategic analysis, micro and macro market trend and scenarios, pricing analysis and a holistic overview of the market situations in the forecast period. It is a professional and a detailed report focusing on primary and secondary drivers, market share, leading segments and geographical analysis. Further, key players, major collaborations, merger & acquisitions along with trending innovation and business policies are reviewed in the report.

Key Benefits for Industry Participants & Stakeholders:

• Industry drivers, restraints, and opportunities covered in the study
• Neutral perspective on the market performance
• Recent industry trends and developments
• Competitive landscape & strategies of key players
• Potential & niche segments and regions exhibiting promising growth covered
• Historical, current, and projected market size, in terms of value
• In-depth analysis of the 3D Printing Plastics Market

Overview of the regional outlook of the 3D Printing Plastics Market:

Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa (MEA). North America region is further bifurcated into countries such as U.S., and Canada. The Europe region is further categorized into U.K., France, Germany, Italy, Spain, Russia, and Rest of Europe. Asia Pacific is further segmented into China, Japan, South Korea, India, Australia, South East Asia, and Rest of Asia Pacific. Latin America region is further segmented into Brazil, Mexico, and Rest of Latin America, and the MEA region is further divided into GCC, Turkey, South Africa, and Rest of MEA.

Highlights of The 3D Printing Plastics Market Report:

1. The market structure and projections for the coming years.
2. Drivers, restraints, opportunities, and current trends of 3D Printing Plastics Market.
3. Historical data and forecast.
4. Estimations for the forecast period 2028.
5. Developments and trends in the market.

                1. PLA

                2. ABS & ASA

                3. Polyamide/Nylon

                4. Photopolymers

                1. Powder

                2. Ink

                3. Filament

8. Market scenario by region, sub-region, and country.
9. Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
10. Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
11. Government Policies, Macro & Micro economic factors are also included in the report.

We have studied the 3D Printing Plastics Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2028.

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• Correctly Positioning New Products
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Reasons to Purchase the 3D Printing Plastics Market Report:

• The report includes a plethora of information such as market dynamics scenario and opportunities during the forecast period
• Segments and sub-segments include quantitative, qualitative, value (USD Million,) and volume (Units Million) data.
• Regional, sub-regional, and country level data includes the demand and supply forces along with their influence on the market.
• The competitive landscape comprises share of key players, new developments, and strategies in the last three years.
• Comprehensive companies offering products, relevant financial information, recent developments, SWOT analysis, and strategies by these players.