3D Printing Plastics Market

3D Printing Plastics Market Size

             2022                         2023-2030      

Report	Details
Market Size Value	USD 2.1 Billion in 2022
Market Size Value	USD 11.4 Billion by 2030
CAGR	CAGR of 23.5%
Forecast Period	2023-2030
Historic Data	2022
Segments Covered	Type, Form, Application, End-Use Industry and Region
Geographics Covered	North America, Europe, Asia Pacific, and RoW

Major vendors in the global 3D Printing Plastics Market are Arkema Inc., SABIC, Materialise NV, H.P. INC., Envisiontec Inc., Stratasys Ltd., Eos GmbH Electro Optical Systems, 3D Systems Corporation, Royal DSM N.V., PolyOne Corporation, and The ExOne Company and Others.

Market Overview

The 3D printing plastics market has emerged as a pivotal segment within the broader realm of additive manufacturing, fundamentally transforming traditional manufacturing processes. Also known as additive manufacturing, 3D printing involves the layer-by-layer construction of three-dimensional objects from digital models. In this context, 3D printing plastics play a crucial role, serving as the primary raw materials utilized in the additive manufacturing process. These plastics are engineered to exhibit specific properties, such as durability, flexibility, and heat resistance, to meet the diverse requirements of various industries. As technological advancements continue to push the boundaries of additive manufacturing, the 3D printing plastics market has witnessed significant growth and evolution, positioning itself as a key player in the global manufacturing landscape. The market for 3D printing plastics is characterized by a dynamic landscape driven by a myriad of factors, ranging from advancements in material science to the increasing adoption of additive manufacturing across industries. One of the defining features of this market is its versatility, as 3D printing plastics find applications in diverse sectors such as aerospace, healthcare, automotive, and consumer goods. The ability to produce complex and customized components with precision has positioned 3D printing plastics as a disruptive force, challenging traditional manufacturing methods. Moreover, the market has witnessed a surge in demand for bio-based and sustainable 3D printing plastics, reflecting the broader industry trend towards environmentally friendly and socially responsible manufacturing practices.

Increasing demand for bio-based grades of 3D printing plastics market

The escalating demand for bio-based grades stands as a significant driver propelling the growth of the 3D printing plastics market. In recent years, there has been a discernible shift in consumer and industry preferences toward sustainable and environmentally friendly practices. This shift has not only influenced end-users but has also permeated the manufacturing sector, where the adoption of bio-based materials is seen as a crucial step towards achieving ecological balance. Within the 3D printing plastics market, the demand for bio-based grades is particularly noteworthy due to their inherent advantages over traditional petroleum-based counterparts.

Bio-based grades of 3D printing plastics offer a more sustainable and eco-friendly alternative, contributing to the reduction of carbon footprints associated with conventional plastics. Derived from renewable resources such as plant-based feedstocks, these bio-based plastics have the potential to address environmental concerns related to the depletion of fossil fuels and the generation of non-biodegradable waste. The emphasis on sustainability has spurred research and development activities aimed at enhancing the performance and viability of bio-based 3D printing plastics, making them increasingly attractive to manufacturers across various industries.

Market Dynamics

Drivers:

• Increasing demand for bio-based grades of 3D printing plastics market
• Growing demand from the automotive, aerospace & defense, and healthcare sectors

Opportunities:

• Growing demand in the 3D printing plastics market for bio-based grades of material
• Technological Advancement

Growing demand in the 3D printing plastics market for bio-based grades of material

The growing demand for bio-based grades of materials in the 3D printing plastics market represents a substantial opportunity that holds transformative implications for the industry. As global awareness of environmental sustainability intensifies, there is a discernible shift in consumer preferences and industry practices toward eco-friendly alternatives. This trend is particularly pronounced in the 3D printing plastics sector, where the demand for bio-based grades is gaining momentum as a compelling opportunity. The distinctive advantage of bio-based materials lies in their renewable and biodegradable nature, aligning seamlessly with the growing emphasis on environmentally conscious manufacturing practices. The opportunity presented by the rising demand for bio-based grades is deeply rooted in the global commitment to reduce reliance on traditional petroleum-based plastics, notorious for their non-biodegradable nature and contribution to environmental pollution. Bio-based 3D printing plastics, sourced from renewable feedstocks such as plant-based materials, offer a sustainable solution to address the environmental concerns associated with conventional plastics. This demand is not merely a reflection of consumer preferences but is also driven by regulatory pressures and evolving corporate sustainability goals that prioritize environmentally responsible choices.

The market for 3D Printing Plastics is dominated by North America.

North America stands as the preeminent and largest market for 3D printing plastics, both in terms of value and volume. This dominance is underscored by the robust presence of key industry players, including industry giants such as Stratasys and 3D Systems Corporation, which have significantly contributed to the region's leadership in the 3D printing plastics market. The growth trajectory of the market in North America is further fueled by a vibrant ecosystem of 3D printing startups, particularly those targeting niche markets. The region's innovative landscape and concentration of cutting-edge technologies have created a favorable environment for the expansion of the 3D printing plastics market. The dynamic interplay between established industry leaders and a burgeoning number of startups positions North America at the forefront of 3D printing plastics innovation, solidifying its status as the dominating force in this rapidly evolving market.

The filament Segment is Anticipated to Hold the Largest Market Share During the Forecast Period

Based on form, the 3D printing plastics market has been classified into powder, filament and liquid. The filament segment is poised to assert its dominance in the 3D printing plastics market, emerging as a pivotal and influential category within the broader spectrum of additive manufacturing materials. Filaments serve as the primary consumables in fused deposition modeling (FDM) 3D printing technology, a widely adopted and versatile method in additive manufacturing. This dominance is underpinned by several key factors that underscore the significance and widespread adoption of filament-based 3D printing plastics.

Major Segmentations Are Distributed as follows:

• By Type:
  • Photopolymers
  • ABS
  • PLA
  • Polyamide
  • Others
• By Form:
  • Powder
  • Filament
  • Liquid
• By Application:
  • Prototyping
  • Manufacturing
• By End-Use Industry:
  • Healthcare
  • Aerospace & Defense
  • Automotive
  • Electrical & Electronics
  • Others
• By Region
  • North America
    • U.S.
    • Canada
  • Latin America
    • Brazil
    • Mexico
    • Argentina
    • Colombia
    • Chile
    • Peru
    • Rest of Latin America
  • Europe
    • Germany
    • France
    • Italy
    • Spain
    • U.K.
    • BENELUX
    • CIS & Russia
    • Nordics
    • Austria
    • Poland
    • Rest of Europe
  • Asia Pacific

• • China
  • Japan
  • South Korea
  • India
  • Thailand
  • Indonesia
  • Malaysia
  • Vietnam
  • Australia & New Zealand
  • Rest of Asia Pacific

• • Middle East & Africa

• • Saudi Arabia
  • UAE
  • South Africa
  • Nigeria
  • Egypt
  • Israel
  • Turkey
  • Rest of MEA

 Recent Developments

• In April 2022, Systems, the leading additive manufacturing solutions provider, and the Saudi Arabian Industrial Investments Company (Dussur) have signed an agreement intended to expand the use of additive manufacturing (AM) within the Kingdom of Saudi Arabia and surrounding geographies, including the Middle East and North Africa.
• In March 2022, the specialty chemicals company Evonik and Australia’s 3D printer plastic manufacturer Asiga announced their collaboration in photopolymer-based 3D printing. Both companies aim to drive forward 3D printing large-scale industrial manufacturing by extending today’s capabilities of photo-curing technologies.

Answers to Following Key Questions:

• What will be the 3D Printing Plastics Market’s Trends & growth rate? What analysis has been done of the prices, sales, and volume of the top producers in the 3D Printing Plastics Market?
• What are the main forces behind worldwide 3D Printing Plastics Market? Which companies dominate 3D Printing Plastics Market?
• Which companies dominate 3D Printing Plastics Market? Which business possibilities, dangers, and tactics did they embrace in the market?
• What are the global 3D Printing Plastics industry's suppliers' opportunities and dangers in 3D Printing Plastics Market?
• What is the 3D Printing Plastics industry's regional sales, income, and pricing analysis? In the 3D Printing Plastics Market, who are the distributors, traders, and resellers?
• What are the main geographic areas for various trades that are anticipated to have astounding expansion over the 3D Printing Plastics Market?
• What are the main geographical areas for various industries that are anticipated to observe astounding expansion for 3D Printing Plastics Market?
• What are the dominant revenue-generating regions for 3D Printing Plastics Market, as well as regional growth trends?
• By the end of the forecast period, what will the market size and growth rate be?
• What are the main 3D Printing Plastics Market trends that are influencing the market's expansion?
• Which key product categories dominate 3D Printing Plastics Market? What is 3D Printing Plastics Market’s main applications?
• In the coming years, which 3D Printing Plastics Market technology will dominate the market?

Reason to purchase this 3D Printing Plastics Market Report:

• Determine prospective investment areas based on a detailed trend analysis of the global 3D Printing Plastics Market over the next years.
• Gain an in-depth understanding of the underlying factors driving demand for different 3D Printing Plastics Market segments in the top spending countries across the world and identify the opportunities each offers.
• Strengthen your understanding of the market in terms of demand drivers, industry trends, and the latest technological developments, among others.
• Identify the major channels that are driving the global 3D Printing Plastics Market, providing a clear picture of future opportunities that can be tapped, resulting in revenue expansion.
• Channelize resources by focusing on the ongoing programs that are being undertaken by the different countries within the global 3D Printing Plastics Market.
• Make correct business decisions based on a thorough analysis of the total competitive landscape of the sector with detailed profiles of the top 3D Printing Plastics Market providers worldwide, including information about their products, alliances, recent contract wins, and financial analysis wherever available.