3D Printing Plastic Market

GMI Research analysis indicates that the 3D Printing Plastic Market estimated at USD 766 million in 2020 and is slated to register a double digit CAGR of 26.1% over the period 2021-2028 and is projected to reach USD 4,900 million in 2028.

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Market Dynamic

Key Drivers and Emerging Trends

Factors driving the growth of the 3D printing plastic includes time reduction, efforts, and costs incurred in project. Rising demand from industries such as automotive, medical, aerospace, and defence will drive the market growth. Moreover, increased demand for 3D printing plastics is expanding across various applications such as manufacturing shoes, musical instrument, car components, dental implants, medical devices, jewellery, robots, and many more. Increasing application in these sectors can be another factor for the increase in market share.

Additionally, composites are also being used as an innovative trend in the market. Composites are lightweight, robust materials, highly sought-after in aerospace, automotive, oil and gas, and industrial goods. When combined with 3D printing, the technology can streamline and cut the cost of composite manufacturing compared to typically manual traditional composite manufacturing methods.

Restraint in the 3D Printing Plastic Market

However, the high production cost and environmental concern regarding plastics along with government rigid regulation over usage of plastic will further restrict the market growth for 3D printing plastic.

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End-User – Segment Analysis

Based on end-user, the healthcare segment is projected to witness higher growth in the coming years. Cost effectiveness, ease in customization, as well as growing incidences of vascular and osteoarthritis diseases are the key factor for the growing demand for 3D plastic printing. Various medical application such as creating tissue, organoids, surgical tools, patient specific surgical model, and custom-made prosthetics are expected to drive the market for 3D printing plastic. It can also use in joint replacements, cranial implants, and dental restorations.

Type – Segment Analysis

Based on type, the Photopolymer segment is expected to witness higher growth in the coming years. Photopolymers are sensitive polymeric materials. When exposed to light, UV rays initiate the reaction and change their physical and chemical property and is widely used in inkjet, polyjet, and 3D jetted printing. Photopolymer materials can be transparent or opaque, flexible, rigid, and specially formulated to accommodate unique application needs. For instance, Stratasys Direct Inc. offers 3D plastic printing with stereolithography with a precise UV laser to cure and solidify thin resin layers. The company also offers custom finishing, texture, color, artwork, EMI/RFI shielding, plating, and other functional coatings, bringing additional value to prototyping and models.

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Regional – Segment Analysis

Based on region, the North America region is projected to grow as the largest market for 3D printing plastic globally during the forecast period due to its use in various segments such as medical, aerospace & defense. North America is witnessing quick growth in this segment due to the major hub of healthcare industries in the US and Canada and a strong aerospace & defense system. The presence of leading companies such as Stratasys Direct Inc., 3D System Corporation, HP Development Company, and others has raised the demand from the end-user industry, significantly growing the 3D Printing Plastics market.

Top Market Players

Several leading companies in the market include Stratasys Direct Inc., 3D System Corporation, HP Development Company, Materialise, LuxCreo Inc., Oxford Performance Materials Inc., Arkema, LPW Technology Ltd., Avient Corporation, Voxeljet AG, and among others.

Key Developments:

• • In 2021, 3D System Corporation launched new products that spearhead 3D printing innovation. The company plans to boost additive manufacturing innovation through a host of new products and partnerships. It will reduce operating costs for more effective, efficient, digital manufacturing.
  • In 2021, the Pioneer 3D printing solutions manufacturer announced new high-throughput 3D printing technology, partnering with a UKs new start-up, Additive Manufacturing Technology. The company has introduced novel 3D printing workflows, improved AM software, and a new production-grade light-activated resin ideal for an automotive component.

Segments covered in the Report:

The 3D Printing Plastic Market has been segmented based on Type, End-User, and region. Based on Type, market is segmented into Photopolymer, ABS, Polyamide, PLA, Others. Based on End-User, market is segmented into Automotive, Healthcare, Aerospace & Defense, Electrical & Electronics and Others.

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Key questions answered in this research report:

• • At what pace is global 3D printing plastic market growing? What will be the growth trend in the future?
  • What are the key drivers and restraints in 3D printing plastic market? What will be the impact of drivers and restraints in the future?
  • What are the regional revenues and forecast breakdowns? Which are the major regional revenue pockets for growth in the global 3D printing plastic market?
  • Which end-user generated maximum revenues in 2020 and identify the most promising end-user during the forecast period?
  • What is the various type of global 3D printing plastic market and how they are poised to grow?
  • What companies are the major participants in this market and their business strategies, how does the competitive landscape look like?

Market Segmentation

Global 3D Printing Plastic Market by Type

• • Photopolymer
  • ABS
  • Polyamide
  • PLA
  • Others

Global 3D Printing Plastic Market by End-User

• • Automotive
  • Healthcare
  • Aerospace & Defense
  • Electrical & Electronics
  • Others

Global 3D Printing Plastic Market by Region

• • North America 3D Printing Plastic Market (Option 1: As a part of the free 25% customization)
    • By Type
    • By End-User
    • US Market All-Up
    • Canada Market All-Up
  • Europe 3D Printing Plastic Market (Option 2: As a part of the free 25% customization)
    • By Type
    • By End-User
    • UK Market All-Up
    • Germany Market All-Up
    • France Market All-Up
    • Spain Market All-Up
    • Rest of Europe Market All-Up
  • Asia-Pacific 3D Printing Plastic Market (Option 3: As a part of the free 25% customization)
    • By Type
    • By End-User
    • China Market All-Up
    • India Market All-Up
    • Japan Market All-Up
    • Rest of APAC Market All-Up
  • RoW 3D Printing Plastic Market (Option 4: As a part of the free 25% customization)
    • By Type
    • By End-User
    • Brazil Market All-Up
    • South Africa Market All-Up
    • Saudi Arabia Market All-Up
    • UAE Market All-Up
    • Rest of world (remaining countries of the LAMEA region) Market All-Up

Major Players Operating in the 3D Printing Plastic market (Option 5: As a part of the Free 25% Customization – Profiles of 5 Additional Companies of your Choice)

• • Stratasys Direct Inc.
  • 3D System Corporation
  • HP Development Company
  • Materialise
  • LuxCreo Inc.
  • Oxford Performance Materials Inc.
  • Arkema
  • LPW Technology Ltd.
  • Avient Corporation
  • Voxeljet AG