Press release
3D Printing Plastics Global Market Report 2024: Key Players, Demand Patterns And Forecasts 2033
3D Printing Plastics Market
The Business Research Company offers in-depth market insights through 3D Printing Plastics Global Market Report 2024, providing businesses with a competitive advantage by thoroughly analyzing the market structure, including estimates for numerous segments and sub-segments.
Market Size And Growth Forecast:
The 3d printing plastics market size has grown exponentially in recent years. It will grow from $1.43 billion in 2023 to $1.78 billion in 2024 at a compound annual growth rate (CAGR) of 24.7%. The growth in the historic period can be attributed to rise in healthcare sector, growth in aerospace industry, increased demand for customized products, growth in manufacturing sector, rise in demand for plastic.
The 3d printing plastics market size is expected to see exponential growth in the next few years. It will grow to $4.14 billion in 2028 at a compound annual growth rate (CAGR) of 23.5%. The growth in the forecast period can be attributed to growing automotive sector, regulatory approvals, rising defense and military sector, growing construction activities. Major trends in the forecast period include metal-plastic hybrid printing, eco-friendly and biodegradable 3d printing plastics, mass customization, ai and generative design, collaboration among companies.
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Market Segmentation:
The main types of 3D printing plastics are photopolymers, ABS, PLA, polyamide, and other types. The photopolymers are used to provide flexibility, durability, chemical, optical, and mechanical resistance to the material and reduce production costs. Photopolymers in 3D printing refer to the use of laser sintering technology to solidify the 3D printed material during the manufacturing process. The 3D printing plastics are in various forms such as powder, filament, and ink and they are used for prototyping and manufacturing in the aerospace and defense, healthcare, automotive, electronics and consumer goods, and other sectors.
Major Driver - Revolutionizing Automotive Manufacturing With 3D Printing Plastics
The rising use of 3D printed plastic in the automotive sector is expected to propel the growth of the 3D printing plastic market. 3D printing plastic has long-standing benefits when it comes to reducing the production of waste. As part of a digital transformation trend, 3D plastic printing can help transition to digital manufacturing, especially when combined with tools that enable excellent connectivity and automation. For instance, in February 2022, Bentley Motors Limited, a UK-based manufacturer and marketer of luxury cars and SUVs, extended the capability of 3D printing to produce thousands of new components. In 2021, the company recorded 15000 components produced in their facility center. Additionally, the company has invested £3 million to double its additive manufacturing (AM) capacity. Therefore, increasing use of 3D printing in the automotive sector is expected to drive the growth of 3D printing plastics market during the forecast period.
Competitive Landscape:
Major companies operating in the 3d printing plastics market include 3D Systems Corporation, Stratasys Ltd., Arkema SA, Electro Optical Systems GmbH, Evonik Industries AG, Carbon Inc., Desktop Metal Inc., Divergent Group Ltd., Fast Radius Inc., Formlabs Inc., General Electric Company, Glowforge Inc., Hewlett-Packard, Markforged Holding Corporation, SprintRay Inc., 3D Fortify Inc., Rokk3r Labs LLC, Optomec Inc., Ultimaker BV, XYZprinting Inc., Covestro AG, Badische Anilin- und Sodafabrik SE, Henkel AG & Co. KGaA, Solvay S.A., Saudi Basic Industries Corporation, DuPont de Nemours Inc., Shenzhen eSUN Industrial Co Ltd., Huntsman Corporation, CRP Technology, Materialise NV
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Top Trend - Product Innovations Driving 3D Printing Plastics Market
Product innovation is a key trend gaining popularity in the 3D printing plastics market. The companies operating in the 3D printing plastics market are focusing on developing the innovative product with the latest technologies to meet fast-growing industry demands and strengthen their market position across the globe. For instance, in February 2021, Nexa3D, a USA-based developer of ultrafast stereolithography production 3D printers, and Henkel jointly launched new class of photoplastics for 3D printing.
The Table Of Content For The Market Report Include:
1. Executive Summary
2. 3D Printing Plastics Market Characteristics
3. 3D Printing Plastics Market Trends And Strategies
4. 3D Printing Plastics Market - Macro Economic Scenario
5. 3D Printing Plastics Market Size And Growth
…..
27. 3D Printing Plastics Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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The Business Research Company (www.thebusinessresearchcompany.com) is a market intelligence firm that pioneers in company, market, and consumer research. Located globally, TBRC's consultants specialize in various industries including manufacturing, healthcare, financial services, chemicals, and technology. The firm has offices located in the UK, the US, and India, along with a network of proficient researchers in 28 countries.
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