USD 1.2 billion
Report ID:
SQMIG15A2109 |
Region:
Global |
Published Date: December, 2024
Pages:
242
|Tables:
122
|Figures:
77
3D Printing Plastics Market size was valued at USD 0 Billion in 2023 and is poised to grow from USD 0 Billion in 2024 to USD 0 Billion by 2032, growing at a CAGR of 24% during the forecast period (2025-2032).
Plastics can be used in 3D printing to create solid objects in three dimensions. These substances are made in a variety of forms, such as liquids, powders, and solids. Plastics used for 3D printing are becoming more and more popular all around the world due to their high density and effectiveness. These materials are used for a variety of home, commercial, and aviation applications. The market is anticipated to grow significantly over the anticipated period as 3D printing technology gains traction. The rise in demand for 3D-printed plastic among manufacturing and production companies is projected to create new business opportunities for this market in the coming years.
The growth of the global 3D printing plastics market is positively affected by the increase in commercial product manufacturing. In addition, the market for plastics in 3D printing is primarily driven by the growth of aircraft manufacturing sector. Plastics for use in 3D printing are highly sought after in the production of three-dimensional solid matter and electric devices, which aids in enhancing their style and functionality, hence driving the global market to expand. These polymers' demand is increasing as a result of advantageous properties such high permeability and density. However, changes in the price of the raw materials used to generate 3D printed plastics may create a challenging environment for market players to generate notable revenues.
Over the past few years, the use of plastics in 3D printing has significantly risen in the US for making prototypes. The adoption of additive manufacturing for high-volume production is also anticipated to increase among manufacturers. Since manufacturers are using additive manufacturing technology to build new components for the aftermarket industry, there are numerous lucrative market opportunities inside this industry.
In the 3D printing industry, photopolymers are frequently used because they enable easier customization and produce high-resolution products. Additionally, a simpler post-process, such as painting, gluing, cutting, and other processes, is permitted for the manufactured end product. SLA printing, DLA printing, MJM, and Polymer are a few of the prominent photopolymer 3D printing methods used in the industry.
US 3D Printing Plastics Market is poised to grow at a sustainable CAGR for the next forecast year.
Global Market Size
USD 1.2 billion
Largest Segment
Photopolymers
Fastest Growth
Polyamide/Nylon
Growth Rate
23% CAGR
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Global 3D Printing Plastics Market is segmented by Type, Form, Application, End User and Region. Based on Type, the market is segmented into Photopolymers, ABS and ASA, Polyamide/ Nylon, Polylactic Acid, Others. Based on Form, the market is segmented into Filament, Ink, Powder. Based on Application, the market is segmented into Prototyping, Manufacturing, Tooling. Based on End User, the market is segmented into Aerospace and Defence, Automotive, Healthcare, Consumer Goods, Others. Based on Region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & and Africa.
Analysis by Type
In 2022, the photopolymers market segment occupied the top place and accounted for more than 55.0% of global revenue. Monomer, polymer base, oligomer, and a photoinitiator are all elements of soluble liquid mixtures referred to as photopolymers. They are light-sensitive polymeric materials that alter both their physical and chemical characteristics when exposed to light. The reaction is started by ultraviolet light, which also alters the characteristics of photopolymers. They are widely used in several printing techniques, such as 3D printing, polymer, and inkjet printing. The fastest growth rate is anticipated for polyamide/nylon during the forecast period.
A term of nylon is polyamide (PA). There are two different grades of nylon, Nylon 6 and Nylon 6, 6, both of which have nearly identical amounts of carbon, hydrogen, oxygen, and nitrogen. Nylon has a relatively greater melting point than other materials, and makes an excellent material for a variety of uses. Additionally, it has significant oxygen barrier qualities, making it appropriate for combining with other materials such as paper that lack strong gas resistance.
Analysis by Form
In 2022, the filament market segment held the top spot and accounted for more than 69.0% of global sales. Over the forecast period, demand is anticipated to be driven by their adaptable characteristics as well as an increase in demand from a number of application industries, such food packaging, tableware, upholstery, and disposable apparel. Due to ongoing efforts in research and development as well as expenditures to create smart inks, 3D printing inks are predicted to have promising growth during the forecast period. These inks provide the 3D printed structures the ability to modify both their color and shape, enhancing their functionality. Furthermore, researchers are focusing on setting low options to manufacture vital aspects in application areas such as biomechanics and energy.
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The market was dominated by North America in 2022, and is further anticipated to remain in this position during the forecast period. This is attributed to the rising geriatric population in the country and the promising developments in the aerospace and medical sectors in North America. Government funding for research and development as well as increasing government measures to encourage 3D printing will hasten its uptake and augment demand for the equipment and materials used in the process. The market's growth in North America is also expected to be aided by the presence of major industry players in this region, such as Stratasys, 3D System Corporation, and others.
The market growth in Asia-Pacific is projected to rise at the fastest growth rate during the forecast period. This expansion is linked to the rising demand for 3D printing plastic from nations like China, Japan, and India. Furthermore, the business would have excellent growth possibilities if its market penetration increased in developing Asian nations. In addition, the Asia-Pacific market for 3D printing plastics is anticipated to grow as a result of increased R&D spending from both public and private entities for technological innovation.
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Drivers
Increase in the demand from Multiple End-user Industries and Rise in government initiatives to Boost Market Demand
Restraints
Environment concerns related to Disposal of 3D-Printed Plastic Products and Rise in Production Costs to Impede the Market Growth
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The market for 3D printing plastics is fairly fragmented, with a significant number of large and medium-sized businesses accounting for the majority of shares. The large businesses are pursuing a variety of tactics, such as mergers and acquisitions, strategic agreements, and contracts, as well as creating, experimenting with, and offering more efficient 3D printing plastic solutions. Increase in investments of advanced technology and new product launches are further projected to propel players to fight for the top position in the future market competition.
Top Player’s Company Profiles
Recent Developments
In October 2022, AML3D The aircraft manufacturer Boeing and Australian metal 3D printing expanded their partnership. Earlier this year, Boeing gave AML3D the responsibility of 3D printing aluminum prototype airplane parts as part of a rigorous testing procedure in which they were examined in comparison to the standards of AS9100D quality assurance for "fly" parts. Using this agreement as a basis, it has been decided to increase the project's value by 150% by extending the project's scope to include the delivery of additional 3D-printed components.
In September 2022, to provide EOS clients a completely automated and long-lasting depowering solution, Postprocess Technologies and EOS have started a distribution partnership. The Variable Acoustic Displacement (VAD) technology solution, according to Postprocess, will automate bulk depowering for 3D printed items and complement the EOS printer product line. The collaboration facilitates consumer access to post-printing technologies and enables total process digitization.
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates and Analyzes the Data collected by means of Primary Exploratory Research backed by the robust Secondary Desk research.
According to our 3D printing plastics market analysis, there is a high scope of growth as a result of increasing technological advancements and the application of 3D printing plastic in numerous end-user industries. North America emerged dominant and Asia Pacific is projected to emerge as the fastest growing market in the forecast period. New technological developments have made it easier for people to use 3D printing plastics, which is expected to offer market growth opportunities over the duration of the forecast period.
Report Metric | Details |
---|---|
Market size value in 2022 | USD 1.2 billion |
Market size value in 2031 | USD 7.7 billion |
Growth Rate | 23% |
Base year | 2023 |
Forecast period | 2024-2031 |
Forecast Unit (Value) | USD Billion |
Segments covered |
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Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
Companies covered |
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Customization scope | Free report customization with purchase. Customization includes:-
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Executive Summary
Market overview
Parent Market Analysis
Market overview
Market size
KEY MARKET INSIGHTS
COVID IMPACT
MARKET DYNAMICS & OUTLOOK
Market Size by Region
KEY COMPANY PROFILES
For the 3D Printing Plastics Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the 3D Printing Plastics Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the 3D Printing Plastics Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the 3D Printing Plastics Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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Report ID: SQMIG15A2109
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