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3D Printing Plastics Global Market Report 2024 by The Business Research Company |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.
3D Printing Plastics Market Trends And Strategies
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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3D Printing Plastics Market Major 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 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 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.
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Prominent 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.
3D Printing Plastics Market Players
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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Largest And Fastest Growing Region In The Market
North America was the largest region in the 3D printing plastics market in 2023. Asia-Pacific is expected to be the fastest-growing region in the 3D printing plastic market share during the forecast period. The regions covered in the 3d printing plastics market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
The Table Of Content For The Market Report Include:
1. Executive Summary
2. 3D Printing Plastics Market Report Structure
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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