Accelerated Growth Predicted for 3D Printing Plastics Market: Projected to Reach $5.15 billion by 2029
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What is the Current and Forecasted Market Size for the 3D Printing Plastics Market?
The 3D printing plastics market size has grown exponentially in recent years. It is expected to grow from $1.77 billion in 2024 to $2.2 billion in 2025, with a compound annual growth rate (CAGR) of 24.4%. Factors leading to the growth in the historical period include the rising healthcare sector, growth in the aerospace industry, increased demand for customized products, and growth in the manufacturing sector.
Looking forward, the market size is projected to rise to a staggering $5.15 billion in 2029 with a CAGR of 23.7%. The expected growth in the forecast period can be attributed to the growing automotive sector, regulatory approvals, rising defense and military sector, and growing construction activities.
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What Are The Key Growth Drivers Of The 3D Printing Plastics Market?
One of the key growth drivers for the 3D printing plastics market is the increasing number of dental procedures. Dental professionals are turning to 3D printing plastics to create customized dental implants, crowns, bridges, and orthodontic devices, enhancing precision and patient-specific designs. The rise in dental procedures worldwide, a prime example being the UK reporting 24,272 dental activities in 2021-22 alone, underpins the ongoing growth of the 3D printing plastics market.
How Is The 3D Printing Plastics Market Segmented?
The 3D printing plastics market consists of several segments:
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
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What Are The Major Participants In The 3D Printing Plastics Market?
Major companies operating in the 3D printing plastics market include and are not limited to 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., and Formlabs Inc.
What Is The Current Trends Developing In 3D Printing Plastics Market?
Companies within the 3D printing plastics market are developing innovative products to enhance the versatility and performance of additive manufacturing processes. For instance, the US-based engineering polymer manufacturer, Jamplast, launched a dedicated business unit, 3DSHQ, focused on offering a wide range of 3D printing materials for use in additive manufacturing processes, catering to the needs of both hobbyists and industrial professionals.
Which Region Is Forecasted To Grow The Fastest In The 3D Printing Plastics Market?
North America is currently the largest regional market for 3D printing plastics. However, Asia-Pacific is forecasted to experience the fastest growth in market share over the forecast period.
What Does The 3D Printing Plastics Market Report 2025 Offer?
3D Printing Plants refers to plastic filament used in 3D printing, a thermoplastic based on polybutadiene, making it a more flexible material. The 3D Printing Plastics Market research report from The Business Research Company offers global market size, growth rate, regional shares, competitor analysis, detailed segments, trends, and opportunities.
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