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3D Printing Plastics Market Size, Scope Analysis, Key Insights, Leading Key Players, And Forecast To 2033
3D Printing Plastics Market
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.
Market Overview -
3D printing plastic refers to plastic filament used in 3D printing. It is a thermoplastic with a base of elastomers based on polybutadiene, which makes it a more flexible material. 3D printing plastics can be used to create almost anything, including prototyping, manufacturing, anatomical models, and other applications.
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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 and scra*p. 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
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.
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Key Segments -
The 3d printing plastics market covered in this report is segmented -
1) By Type: Photopolymers, ABS, PLA, Polyamide, Other Types
2) By Form: Powder, Filament, Ink
3) By Application: Prototyping, Manufacturing
4) By End-Use Industry: Aerospace and Defense, Healthcare, Automotive, Electronics and Consumer Goods, Other End-users
Key highlights covered in the report -
1. Detailed market size forecast and historical data analysis
2. Key drivers influencing market growth
3. Identification of upcoming trends and potential opportunities in the market
4. Analysis of major players strategies, to understand competitive dynamics and market positioning
5. Evaluation of regional dynamics
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