3D Printing Plastic Market Size worth USD 17.81 billion, at a 25% CAGR, Trends, Growth Statistics, Key Players and Forecast 2029

3D Printing Plastic Market Overview:

Plastic is a material that is made of synthetic or semi-synthetic compounds. These compounds have the property of being malleable, i.e. they are capable of changing their shape. Most plastics are synthetic and are commonly derived from petrochemicals.

Globally, the demand for 3D printing plastic is increasing from a variety of application sectors, including aerospace and defence, electrical and electronics, and healthcare, as it reduces project efforts, time, and costs. The increasing use of photopolymers and polyamide (nylon) materials in 3D printing due to their appealing properties is expected to drive the growth of the 3D printing plastics market. Furthermore, the development of innovative, stronger, lighter, and safer components and parts with shorter lead times and lower costs is expected to open up new opportunities for the global 3D printing plastic industry during the forecast period.

The global 3D printing plastic size was valued at USD 2.39 billion in 2020 and is expected to expand USD 17.81 billion by 2029 at a compound annual growth rate (CAGR) of 25% from 2022-2029.

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3D printing plastic Market Key Players

The study of the growth of the top market player for in the target sector includes new projects with speculative returns, innovations and study of the accessibility of companies. some of the profiled players are 3D Systems Corporation, Stratasys, Ltd., Arkema SA, BASF SE, Evoniik Industries AG, SABIC, HP Inc., DowDuPont Inc., Royal DSM N.V and Others

Recent Development

In March 2022, 3D Systems, the leading additive manufacturing solutions provider, and the Saudi Arabian Industrial Investments Company (Dussur) have signed an agreement intended to expand the use of additive manufacturing (AM) within the Kingdom of Saudi Arabia and surrounding geographies, including the Middle East and North Africa.
In March 2022, Evoniik launched VESTAKEEP iC4800 3DF, a new osteoconductive PEEK filament for 3D printed filaments during the AAOS trade show in Chicago, USA.
In March 2022, the specialty chemicals company Evoniik and Australia's 3D printer manufacturer Asiga announced their collaboration in photopolymer-based 3D printing. Both companies aim to drive forward 3D printing large-scale industrial manufacturing by extending today's capabilities of photo-curing technologies.
In February 2022, 3D Systems announced that it has entered into an agreement to acquire Titan Additive LLC (Titan Robotics), the Colorado-based designer and fabricator of large-format, industrial 3D printers. With this acquisition, 3D Systems will expand the strength and breadth of its polymer AM solutions portfolio to address new applications in markets such as Foundries, Consumer Goods, Service Bureaus, Transportation & Motorsports, Aerospace & Defense, and General Manufacturing.
In November 2021, Arkema renews its partnership and collaboration with SEQENS for the development of Medical IMPEKK PEKK for long-term implants, ideal for use in 3D printing.
In October 2021, BASF Forward AM announced the launch of its Ultrafuse Flexible Filament portfolio of materials for extrusion-based polymer 3D printers.

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3D printing plastic Market Segmentation:

3D Printing Plastic Market by Type, 2022-2029, (USD Million, Thousand Units)

Photopolymers
ABS & ASA
Polyamide/Nylon
Polylactic Acid (PLA)
Others

3D Printing Plastic Market by Form, 2022-2029, (USD Million, Thousand Units)

Filament
Ink
Powder

3D Printing Plastic Market by End User, 2022-2029, (USD Million, Thousand Units)

Automotive
Medical (Prosthetics & Implants, Surgical Instruments)
Aerospace & Defense
Consumer Goods

Growth Factors:

Increasing demand from the 3D printing plastic industries
The growing use of 3D printing plastic in Chemical and Material Sectors.
Rising demand for products
Technological advancements in production processes
Growing applications in 3D printing plastic Market

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3D printing plastic Market Regional Analysis

The North American region held the largest market share accounting for 41.2% in 2021. The area has mature marketplaces and is distinguished by a technologically advanced 3D printing sector, all of which contribute considerably to market growth. In the North American market, polylactic acid (PLA) is expected to increase at a promising rate. PLA filament is frequently utilized in a variety of applications since it comes in a variety of colors and blends. It's also easier to use and gives the final printed product a higher quality finish.

In 2021, the United States led the North American market, and this dominance is forecast to continue throughout the projection period. The burgeoning medical end-use market, owing to the country's growing senior population, is driving demand for 3D printing plastics in the country. The mechanical and chemical qualities of 3D printed plastics have led to an increase in demand for 3D printed polymers in medical equipment.

North America (United States, Canada and Mexico)
Europe (Germany, UK, France, Italy, Russia and Turkey etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)

Key 3D printing plastic Market Trends

- The report identifies, determines, and forecasts the Global 3D printing plastic Market segments based on their type, sub-type, technology used, applications, end-users, and regions.

- Industry to Industry Holds Largest Share in the 3D printing plastic Market

- It examines the micro-markets based on their growth trends, development patterns, future prospects, and contribution to the overall market.

- Demand from Regional / geographical is expected to drive the Growth

- Rising Adoption of Market Segments in the 3D printing plastic Growth

- It studies the competitive developments such as partnerships and collaborations, mergers and acquisitions (M&A), research and development (R&D) activities, product developments, and expansions in the Global 3D printing plastic Market.

Frequently Asked Questions (FAQ):

What are the factors influencing the growth of the 3D printing plastics market?
Which is the largest country-level market for 3D printing plastics?
What are the factors contributing to the final price of 3D printing plastics?
What are the challenges in the 3D printing plastics market?
Which type of 3D printing plastics holds the largest market share?
How is the 3D printing plastics market aligned?
Who are the major manufacturers?
What is the biggest restraint in the 3D printing plastics market?

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