Global 3D Printing Plastics Market

3D Printing Plastics Market Size, Share, Growth Analysis, By Type, By Form, By Application, By End User, By Region - Industry Forecast 2025-2032


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

3D Printing Plastics Market Dynamics

Drivers

Increase in the demand from Multiple End-user Industries and Rise in government initiatives to Boost Market Demand

  • 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.
  • 3D printing is utilized in a variety of industries around the world since it allows bulk production while saving end users money and time. Governments from all over the world are working to encourage the use of 3D-printed plastic in a variety of industries. The government's attempts to promote the use of plastics in 3D printing are driving market growth.

Restraints

Environment concerns related to Disposal of 3D-Printed Plastic Products and Rise in Production Costs to Impede the Market Growth

  • The market for 3D printing plastics is expected to see growth challenges during the projected period due to growing environmental concerns over the disposal of plastic materials. At first look, 3D printing is a more environment friendly manufacturing method than traditional subtractive ones. Using only the appropriate amount of material, 3D printers build items layer by layer. However, the availability of 3D technologies raises serious questions about the amount of plastic waste produced.
  • Due to the market's growing usage across a range of end-user industries, there are some factors that are impeding market expansion. high production costs, for example, are factors. Because a high cost of production directly affects the price of finished good, a high cost of production will also drive up the price of the good, which will reduce consumer demand and ultimately slow the market's expansion.
$5,300
BUY NOW GET FREE SAMPLE
Want to customize this report?

Our industry expert will work with you to provide you with customized data in a short amount of time.

REQUEST FREE CUSTOMIZATION

FAQs

Global 3D Printing Plastics Market size was valued at USD 1.2 billion in 2022 and is poised to grow from USD 1.5 billion in 2023 to USD 7.7 billion by 2031, growing at a CAGR of 23% during the forecast period (2024-2031). 

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. '3D Systems Corporation (United States) ', 'Arkema SA (France) ', 'Evonik Industries AG (Germany) ', 'HP Inc. (United States) ', 'SABIC (Saudi Arabia) ', 'DowDuPont Inc. (United States) ', 'EOS GmbH Electro Optical Systems (Germany) ', 'Solvay (Belgium) ', 'Royal DSM N.V. (Netherlands) ', 'Envisiontec Inc. (Germany) ', 'Materialise NV (Belgium) ', 'PolyOne Corporation (United States) ', 'BASF SE (Germany) ', 'Formlabs (United States) ', 'Desktop Metal (United States) ', 'Carbon (United States) ', 'Nano Dimension (Israel) ', 'Voxeljet AG (Germany) ', 'Markforged (United States) '

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.

Request Free Customization

Want to customize this report? This report can be personalized according to your needs. Our analysts and industry experts will work directly with you to understand your requirements and provide you with customized data in a short amount of time. We offer $1000 worth of FREE customization at the time of purchase.

logo-images

Feedback From Our Clients

Global 3D Printing Plastics Market

Report ID: SQMIG15A2109

$5,300
BUY NOW GET FREE SAMPLE