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 News

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.

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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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