Global 3D Printing Plastics Market

3D Printing Plastics Market Size, Share, Growth Analysis, By Type(Photopolymers, ABS & ASA, Polyamide/Nylon, Polylactic acid), By Form(Filament, Ink, and Powder.), By Application(Prototyping, Manufacturing, and Others.), By End User(Automotive, Medical (Prosthetics & Implants, Surgical Instruments, Others)), By Region - Industry Forecast 2024-2031


Report ID: SQMIG15A2109 | Region: Global | Published Date: July, 2024
Pages: 242 | Tables: 122 | Figures: 77

3D Printing Plastics Market Regional Insights

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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3D Printing Plastics Market size was valued at USD 0.78 billion in 2021 and is poised to grow from USD 0.97 billion in 2022 to USD 5.4 billion by 2030, growing at a CAGR of 24% in the forecast period (2023-2030).

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. 'Stratasys Ltd.', '3D Systems Corporation', 'Materialise NV', 'Arkema SA', 'BASF SE', 'Dow Chemical Company', 'Evonik Industries AG', 'SABIC', 'EOS GmbH', 'Royal DSM N.V.', 'Clariant AG', 'CRP Group', 'Envisiontec GmbH', 'Solvay SA', 'Mitsubishi Chemical Corporation', 'HP Inc.', 'Henkel AG & Co. KGaA', 'Proto Labs, Inc.', 'Ultimaker BV', 'Formlabs, Inc.'

3D printing technology is the  most important disruptive technology. Its customer base is steadily expanding in the electrical and electronics, automotive, healthcare, and aerospace and military sectors. It is anticipated that a greater use of 3D printing technology in these sectors will enhance demand for 3D printing supplies such 3D printing polymers. However, as more companies around the world offer 3D printing plastics, there is a sufficient supply to meet the rising demand from a variety of industries without the need for middlemen.

Widening Portfolio of Key Players:  The rapid spread of 3D printing technology across a wide range of industries to enable digital manufacturing over more conventional manufacturing processes like injection molding and subtractive composition. 

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.

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Global 3D Printing Plastics Market

Report ID: SQMIG15A2109

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