Press release
3D Printing Plastics Industry to See Robust Expansion, Valued at $5.03 Billion by 2029
Get 30% off global market reports with code ONLINE30 and keep ahead of tariffs, macro trends, and worldwide economic developments.What Is the Projected CAGR for the 3D Printing Plastics Market from 2024 to 2025?
In the last few years, there has been an immense growth in the 3d printing plastics market size. The market is forecasted to expand from $1.77 billion in 2024 to $2.18 billion in 2025, exhibiting a compound annual growth rate (CAGR) of 23.3%. The historic growth is largely due to an upswing in the healthcare sector, expansion in the aerospace industry, a rise in the consumption for tailored products, an increased manufacturing sector, and a surge in the demand for plastic.
What are the Expected Market Size and CAGR for 3D Printing Plastics by 2029?
The market for 3D printing plastics is forecasted to witness a tremendous surge in its size in the ensuing years, escalating to $5.03 billion in 2029 with a compound annual growth rate (CAGR) of 23.3%. The progression in the projection period is credited to the expansion of the automotive industry, regulatory clearances, the ascending defense and military sector, and the boom in construction activities. Among the most significant trends projected in this period are the fusion of metal and plastic in printing, the use of eco-friendly and compostable 3D printing plastics, mass customization, the infusion of AI and generative design, and alliance among businesses.
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Which Factors Are Driving the Global 3D Printing Plastics Market Expansion?
The growth of the 3D printing plastics market is predicted to be fueled by the escalating number of dental procedures. Dental procedures encompass a wide array of medical treatments and interventions facilitated by dental professionals like dentists and dental hygienists, targeting the diagnosis, prevention, and treatment of various oral health and dental conditions. 3D printing plastics come into play in these dental procedures to form tailor-made dental implants, crowns, bridges, and orthodontic appliances with unparalleled accuracy and patient-specific designs. For instance, dentists carried out 24,272 dental activities in the UK during 2021-22 as per the data collected by NHS Digital, a government agency in the UK, in August 2022. This was an increment of 539 from the prior year's count. Consequently, the mounting number of dental procedures is contributing to the expansion of the 3D printing plastics market.
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Which Segment Currently Holds the Largest Share of the 3D Printing Plastics Market?
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
Subsegments:
1) By Photopolymers: Standard Resins, Tough Resins, Flexible Resins, Castable Resins, High-Temperature Resins
2) By ABS (Acrylonitrile Butadiene Styrene): Standard ABS, ABS with Enhanced Properties
3) By PLA (Polylactic Acid): Standard PLA, PLA Blends, Specialty PLA
4) By Polyamide (Nylon): Nylon 6, Nylon 12, Nylon 11, Nylon Blends
5) By Other Types: PETG (Polyethylene Terephthalate Glycol), TPU (Thermoplastic Polyurethane), PVA (Polyvinyl Alcohol, used for support structures), ASA (Acrylonitrile Styrene Acrylate), Other Specialized Plastics
Which Major Trends Are Shaping the Future of the 3D Printing Plastics Industry?
Leading businesses in the 3D printing plastics market are prioritizing the development of groundbreaking products like 3D printing materials to improve the flexibility and efficacy of additive manufacturing procedures. These materials are specially formulated for use in these processes, allowing three-dimensional objects to be built layer by layer. For example, in August 2024, Jamplast, an American engineering polymer production company, introduced a specialized business department titled 3DSHQ, focused on additive manufacturing and 3D printing materials. This newly formed venture, set up towards the end of 2023, aspires to cater to multiple sectors by providing a broad variety of 3D printing materials, inclusive of sample sizes for consumers and research institutions. 3DSHQ offers both FDM filaments and pellets, in addition to a range of 3D printing machines suitable for both enthusiasts and industry specialists.
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Which Key Players Dominate the 3D Printing Plastics Industry Globally?
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., 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
What Are the Fastest-Growing Regions in the 3D Printing Plastics Market?
North America was the largest region in the 3D printing plastics market in 2024. 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.
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