3D Printing Plastics Market to be Dominated by Thermoplastic Segment Through 2027
The continuous emergence of
new applications and growing awareness about 3D printing is expected to drive
the demand for the 3D printing plastics market in the forecast period,
2023-2027.
According to TechSci Research
report, “3D Printing Plastics Market - Global Industry Size, Share, Trends, Opportunity, and Forecast,
2017-2027”, The global 3D printing plastics market is
anticipated to upsurge at an impressive rate in the forecast period, 2023-2027.
3D printing plastic is made of malleable synthetic or semi-synthetic compounds
that have excellent heat resistance, impact confrontation, chemical resistance,
and rigidity. It helps the manufacturer in production by lowering costs, less
leftover, lessening time, competitive advantage, fewer human errors, and higher
production rate making the 3D printing technique more necessitated in industries.
There will be an increase in the demand for 3D printers in the upcoming period,
leading to the rise in demand for 3D printer plastic material worldwide. The
environmental risk, manufacturing cost, supply chain disturbance, and
diplomatic ruckus are restraints to the growth of the product.
In addition, growing
demand from healthcare, aerospace & defense, automotive, consumer goods,
construction, decoration, jewelry, and others are the reasons for market
growth. Thus, the need for the global 3D printing plastics market is expected
to rise in the forecasted period.
Browse over XX market
data Figures spread through 110 Pages and an in-depth TOC on "Global
3D Printing Plastics Market"
The Global 3D
Printing Plastics Market is segmented based on type, form, application, and
end-user industries:
Based on type,
the market is divided into photopolymers, ABS, PLA, polyamide, and others.
Photopolymers are expected to hold the largest market share in the forecast
period, 2023-2027. Photopolymers are used in various applications such as
coatings, adhesives, sealants, printed wiring board resistance, microelectronic
resistance, and printing plates due to their characteristics. Thus, it is more
demanded in its segment and dominates.
Based on
application, the market is divided into prototyping, manufacturing, and others.
As per estimates, the prototyping segment will experience the highest market
share during the forecast period. Due to the rising population and
technological advancement, the need for different applications is generated
rapidly. As 3D printing can print complicated textures and models with less
expenditure make, researchers prefer prototyping. Hence, the prototyping
segment is expected to dominate the market.
Based on
end-user, the market is divided into healthcare, aerospace & defense,
automotive, consumer goods, and others. As per estimates, the healthcare
segment will experience the highest market share during the forecast period. 3D
printing has completely changed the medical sector from bone porotype organ
prototypes and personalized applications. Thus, the healthcare segment
dominates the market.
Major
operating companies operating in global 3D printing plastics market are:
·
BASF SE
·
3D Systems Corporation
·
Stratasys, Inc.
·
Arkema S.A.
·
Solvay S.A.
·
Henkel AG
·
Covestro AG
·
Evonik Industries AG
·
Saudi Basic Industries Corporation
·
DuPont de Nemours, Inc.
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“North-
America is expected to dominate the Global 3D Printing Plastics Market in the
coming years due to its government policies, manufacturing expertise, and
innovation capabilities. The Global 3D Printing Plastics Market is anticipated
to increase due to the continuous emergence of new applications and growing
awareness about 3D printing. The report published in 2022 stated that the
global 3D printing plastic market is estimated to be nearly 27000 metric tons
in 2023 as per volume worldwide. Hence, there will be an increase in the demand
for 3D printer plastic material worldwide.” said Mr. Karan Chechi, Research
Director with TechSci Research, a research-based global management consulting
firm.
“3D Printing Plastics Market -
Global Industry Size, Share, Trends, Segmented Type (Photopolymers,
ABS, PLA, Polyamide, and Others), By Form (Powder, Filament, and Liquid), By
Application (Prototyping, Manufacturing, Others), By End User Industry
(Healthcare, Aerospace & Defense, Automotive, Consumer Goods, and Others), By
Company and By Region, has
evaluated the future growth potential of global 3D printing plastics market and
provides statistics & information on market size, structure, and future
market growth. the report intends to provide cutting-edge market intelligence
and help decision makers take sound investment decisions. Besides, the report
also identifies and analyzes the emerging trends along with essential drivers,
challenges, and opportunities in global 3D printing plastics market.”
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