Overview and Scope
3D printing plastic refers to plastic filament used in 3D printing. It is a thermoplastic with a base of elastomers based on polybutadiene, which makes it a more flexible material. 3D printing plastics can be used to create almost anything, including prototyping, manufacturing, anatomical models, and other applications.
Sizing and Forecast
The 3d printing plastics market size has grown exponentially in recent years. It will grow from <b>$1.43 billion in 2023 to $1.78 billion in 2024 at a compound annual growth rate (CAGR) of 24.7%. </b> The growth in the historic period can be attributed to rise in healthcare sector, growth in aerospace industry, increased demand for customized products, growth in manufacturing sector, rise in demand for plastic.
The 3d printing plastics market size is expected to see exponential growth in the next few years. It will grow to <b>$4.14 billion in 2028 at a compound annual growth rate (CAGR) of 23.5%. </b> The growth in the forecast period can be attributed to growing automotive sector, regulatory approvals, rising defense and military sector, growing construction activities. Major trends in the forecast period include metal-plastic hybrid printing, eco-friendly and biodegradable 3d printing plastics, mass customization, ai and generative design, collaboration among companies.
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Segmentation & Regional Insights
The 3d printing plastics market covered in this report is segmented –
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
<b>North America</b> was the largest region in the 3D printing plastics market in 2023. <b>Asia-Pacific</b> is expected to be the fastest-growing region in the 3D printing plastic market share during the forecast period. The regions covered in the 3d printing plastics market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
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Major Driver Impacting Market Growth
The rising use of 3D printed plastic in the automotive sector is expected to propel the growth of the 3D printing plastic market. 3D printing plastic has long-standing benefits when it comes to reducing the production of waste and scrap. As part of a digital transformation trend, 3D plastic printing can help transition to digital manufacturing, especially when combined with tools that enable excellent connectivity and automation. For instance, in February 2022, Bentley Motors Limited, a UK-based manufacturer and marketer of luxury cars and SUVs, extended the capability of 3D printing to produce thousands of new components. In 2021, the company recorded 15000 components produced in their facility center. Additionally, the company has invested £3 million to double its additive manufacturing (AM) capacity. Therefore, increasing use of 3D printing in the automotive sector is expected to drive the growth of 3D printing plastics market during the forecast period.
Key Industry Players
Major companies operating in the 3d printing plastics market include <b> 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., Formlabs Inc., General Electric Company, Glowforge Inc., Hewlett-Packard, Markforged Holding Corporation, SprintRay Inc., 3D Fortify Inc., Rokk3r Labs LLC, Optomec Inc., Ultimaker BV, XYZprinting Inc., Covestro AG, Badische Anilin- und Sodafabrik SE, Henkel AG & Co. KGaA, Solvay S.A., Saudi Basic Industries Corporation, DuPont de Nemours Inc., Shenzhen eSUN Industrial Co Ltd., Huntsman Corporation, CRP Technology, Materialise NV </b>
The 3d printing plastics market report table of contents includes:
1. Executive Summary
2. 3D Printing Plastics Market Characteristics
3.3D Printing Plastics Market Trends And Strategies
4.3D Printing Plastics Marker analysis
5. 3D Printing Plastics Market Size And Growth
6.3D Printing Plastics Segmentation
7.3D Printing Plastics Regional And Country Analysis
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27. 3D Printing Plastics Competitive Landscape And Company Profiles
28.3D Printing Plastics Key Mergers And Acquisitions
29.3D Printing Plastics Future Outlook and Potential Analysis
TOP MAJOR PLAYERS:
- 3D Systems Corporation
- Stratasys Ltd.
- Arkema SA
- Electro Optical Systems GmbH
- Evonik Industries AG
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