3D printing plastic Market Size, Growth Strategies, Competitive Landscape, Factor Analysis, 2021–2028
According to a recent report by Emergen Research, the global market for 3D printed plastic is expected to be worth USD 4,480.0 Million by 2027. Due to rising demand from the automobile industry, the 3D printing plastic market is expanding more quickly than expected. Reduced production costs are made possible by 3D printing, especially when producing delicate parts and components, when CNC manufacturing is cost-prohibitive and has a long lead time. Since everything is produced on-site, in-house 3D prototyping helps to control intellectual property (IP) infractions or data leaks.
Additionally, the market demand is probably being driven by the escalating need from end-user industries including the automotive, medical, and aerospace & military sectors. Significant new opportunities for the automobile industry have been opened up by recent breakthroughs in the additive manufacturing sector. It has aided in the creation of novel, robust, lightweight, and safe components and parts with shorter lead times and lower costs. The OEMs used 3D printing mostly for quick prototyping. In light of this, market expansion in the upcoming years is anticipated to be driven by expanding product demand in the automotive industry.
- In order to grow in the manufacturing industry in India, Stratasys stated in March 2020 that it has signed a partnership deal with m2nxt Solutions, a smart manufacturing company that is a division of Bharat Fritz Werner Ltd. Through the combination of knowledge in smart manufacturing, 3D printing, and application consultations, the collaboration aims to launch a business for Industry 4.0.
- Due to its strength, resistance to abrasion, and increased durability when compared to PLA and ABS plastics, polyamide is expected to have the quickest growth during the projection period. Polyamide is a versatile 3D printing plastic.
- In 2019, 3D filament had the biggest market share. A popular and highly resilient plastic for 3D printing is ABS filament. It is frequently used to assess the impact resistance and durability of the goods in fast prototyping and 3D printing environments.
- Stratasys Ltd., CRP Group, 3D Systems Corporation, Royal DSM NV, Oxford Performance Materials, EOS GmbH, Arkema SA, Envisiontec GmbH, Evonik Industries AG, and SABIC are a few notable participants in this project.
Emergen Research has segmented the global 3D printing plastic on the basis of type, form, industry vertical, and region:
Type Outlook (Revenue, USD Billion; 2017-2027)
- ABS
- Photopolymer
- PLA
- Polyamide
- Others
Form Outlook (Revenue, USD Billion; 2017-2027)
- Liquid/Ink
- Filament
- Powder
Application Outlook (Revenue, USD Billion; 2017-2027)
- Aerospace & Defense
- Healthcare
- Automotive
- Electronics
- Others
Regional Outlook (Revenue, USD Billion; 2017-2027)
- North America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- UK
- France
- BENELUX
- Rest of Europe
- Asia Pacific
- China
- Japan
- South Korea
- Rest of APAC
- Latin America
- Brazil
- Rest of LATAM
- MEA
- Saudi Arabia
- UAE
- Rest of MEA
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