The continuous emergence of new applications and growing awareness about 3D printing is expected to drive the demand for the 3D printing plastic market in the forecast period, 2023-2027. According to TechSci Research report, “3D Printing Plastics Market – Global Industry Size, Share, Trends, Opportunity, and Forecast, 2017-2027”, The global 3D printing plastics market is anticipated to upsurge at an impressive rate in the forecast period, 2023-2027.
The Important Factors of the 3D Printing Plastic Market
3D printing plastic is made of malleable synthetic or semi-synthetic compounds that have excellent heat resistance, impact confrontation, chemical resistance, and rigidity. It helps the manufacturer in production by lowering costs, less leftover, lessening time, competitive advantage, fewer human errors, and higher production rate making the 3D printing technique more necessitated in industries. There will be an increase in the demand for 3D printers in the upcoming period, leading to the rise in demand for 3D printer plastic material worldwide. The environmental risk, manufacturing cost, supply chain disturbance, and diplomatic ruckus are restraints to the growth of the product.
In addition, growing demand from healthcare, aerospace & defense, automotive, consumer goods, construction, decoration, jewelry, and others are the reasons for market growth. Thus, the need for the global 3D printing plastics market is expected to rise in the forecasted period.
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The Global 3D Printing Plastic Market is segmented based on type, form, application, and end-user industries:
Based on type, the market is divided into photopolymers, ABS, PLA, polyamide, and others. Photopolymers are expected to hold the largest market share in the forecast period, 2023-2027. Photopolymers are used in various applications such as coatings, adhesives, sealants, printed wiring board resistance, microelectronic resistance, and printing plates due to their characteristics. Thus, it is more in demand in its segment and dominates.
Based on application, the market is divided into prototyping, manufacturing, and others. As per estimates, the prototyping segment will experience the highest market share during the forecast period. Due to the rising population and technological advancement, the need for different applications is generated rapidly. As 3D printing can print complicated textures and models with less expenditure make, researchers prefer prototyping. Hence, the prototyping segment is expected to dominate the market.
Based on end-user, the market is divided into healthcare, aerospace & defense, automotive, consumer goods, and others. As per estimates, the healthcare segment will experience the highest market share during the forecast period. 3D printing has completely changed the medical sector from bone porotype organ prototypes and personalized applications. Thus, the healthcare segment dominates the market.
Major operating companies operating in the global 3D printing plastics market are:
- BASF SE
- 3D Systems Corporation
- Stratasys, Inc.
- Arkema S.A.
- Solvay S.A.
- Henkel AG
- Covestro AG
- Evonik Industries AG
- Saudi Basic Industries Corporation
- DuPont de Nemours, Inc.
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“North- America is expected to dominate the Global 3D Printing Plastics Market in the coming years due to its government policies, manufacturing expertise, and innovation capabilities. The Global 3D Printing Plastic Market is anticipated to increase due to the continuous emergence of new applications and growing awareness about 3D printing.
The report published in 2022 stated that the global 3D printing plastic market is estimated to be nearly 27000 metric tons in 2023 per volume worldwide. Hence, there will be an increase in the demand for 3D printer plastic material worldwide.” said Mr. Karan Chechi, Research Director with TechSci Research, a research-based global management consulting firm.
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“3D Printing Plastics Market – Global Industry Size, Share, Trends, Segmented Type (Photopolymers, ABS, PLA, Polyamide, and Others), By Form (Powder, Filament, and Liquid), By Application (Prototyping, Manufacturing, Others), By End User Industry (Healthcare, Aerospace & Defense, Automotive, Consumer Goods, and Others), By Company and By Region, has evaluated the future growth potential of global 3D printing plastics market and provides statistics & information on market size, structure, and future market growth. the report intends to provide cutting-edge market intelligence and help decision-makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in the global 3D printing plastics market.”
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