Segments - 3D Printing Plastics Market by Forms (Powder, Ink, and Filament), Types (Polylactic Acid, Polyamide/Nylon, ABS & ASA, Photopolymers, and Others), Applications (Manufacturing, Prototyping, and Others), End-users (Consumer Goods, Aerospace & Defense, Automotive, and Medical), and Regions (Asia Pacific, North America, Latin America, Europe, and Middle East & Africa) - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast 2022 – 2030
The 3D printing plastics market size was valued at USD 786.6 million in 2021 and is projected to reach USD 5400 million by 2030, expanding at a CAGR of around 23% during the forecast period, 2022-2030. The growth of the market is attributed to the ease of developing bespoke products, combined with favorable government spending.
3D printing plastics have brought in lots of new substantial changes in the automotive sector, including lighter, cleaner, safer, and more innovative products. Recent advancements in additive manufacturing have opened up new opportunities for the automotive industry. It has made it easy to create safe, light, strong, and innovative components and parts with shorter lead times and low costs. 3D printing was primarily used by OEMs for quick prototyping. increased product demand in the automotive industry is projected to drive the market during the forecast period.
Photopolymers are commonly employed in the 3D printing industry because they allow for simpler customization and creation of high-resolution items. Additionally, the finished product is eligible for a simpler post-process, such as cutting, gluing, painting, and others. SLA printing, DLA printing, MJM, and Polyjet are some of the most widely used photopolymer 3D printing technologies in the industry. These photopolymers are widely being employed in a variety of industries, including dentistry, medical, and jewelry, as well as in the creation of prototypes for industrial applications.
In the United States, the demand for 3D printing polymers for prototyping has skyrocketed in recent years. In addition, additive manufacturing is projected to be used by more enterprises for high-volume production. Filament is becoming more popular in the 3D printing plastics sector due to its several advantages, including odorless, strong layer adhesion, high density, war resistance, and chemical resistance against acidic and alkali compounds.
Several automakers use both additive manufacturing and high-volume direct production to create prototypes. For example, BORLA USA, specializes in producing high-flow bodies made of plastic and aluminium. The company's prime objective is producing stainless steel performance exhausts.
The report on the global 3D printing plastics market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.
Attributes |
Details |
Report Title |
3D Printing Plastics Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast |
Base Year |
2021 |
Historic Data |
2019–2020 |
Forecast Period |
2022 – 2030 |
Segmentation |
Forms (Powder, Ink, and Filament), Types (Polylactic Acid, Polyamide/Nylon, ABS & ASA, Photopolymers, and Others), Applications (Manufacturing, Prototyping, and Others) and End-users (Consumer Goods, Aerospace & Defense, Automotive, and Medical) |
Regional Scope |
Asia Pacific, North America, Latin America, Europe, and Middle East & Africa |
Report Coverage |
Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast |
Key Players Covered in the Report |
Royal DSM N.V.; Hoganas AB; PolyOne Corporation; Evonik Industries AG; The ExOne Company; Eos GmbH Electro Optical Systems; HP INC.; Materialise NV; SABIC; General Electric; Stratasys Ltd.; Envisiontec Inc.; Arkema Inc.; 3D Systems Corporation |
Based on forms, the market is segregated into powder, ink, and filament. The ink segment is projected to expand at a high CAGR during the forecast period as a result of enhanced research and development as well as expenditures in the development of smart inks. These inks allow 3D printed structures to alter shape and color, hence improving their utility. Furthermore, researchers are concentrating on providing low-cost choices for manufacturing crucial elements in fields like energy and biomechanics.
The filament segment held around 65% of the total market share in 2021. Only two diameters, 1.75mm and 3mm, are manufactured and marketed. Various qualities of filament combined with a surge in demand from a variety of application industries including disposable clothing, upholstery, tableware, and food packaging, are estimated to drive the segment.
On the basis of types, the market is fragmented into polylactic acid, polyamide/nylon, ABS & ASA, photopolymers, and others. The polyamide/nylon segment is anticipated to grow at a rapid pace during the forecast period. Polyamide is another name for nylon (PA). Nylon has a high melting point than other materials, making it an excellent choice for a variety of applications. Furthermore, it has good anticorrosive qualities, making it tolerable for use with various materials such as paper, which have poor gas resistance.
The photopolymers segment held major market share in 2021. Photopolymers are liquid combinations of monomer, polymer base, and oligomers, as well as a photoinitiator, that can be dissolved in water. They're light-sensitive polymeric materials with physical and chemical properties that change when exposed to light.
Based on applications, the market is segregated into manufacturing, prototyping, and others. The prototyping segment accounted for a major market share. Plastics for 3D printing are mostly used in prototyping to demonstrate the appearance of 3D-printed objects. The prototyping application is extremely helpful in increasing 3D printing adoption in a variety of industries, including construction, automotive, education, healthcare, healthcare, and aerospace & military.
In terms of end-users, the market is divided into consumer goods, aerospace & defense, automotive, and medical. The medical segment accounted for a market share of around 45% in 2021. Growth of the segment is attributed to factors such as rising prevalence of vascular and arthritic illnesses, simplicity of customization, and cost-effectiveness.
Furthermore, increased product demand in medical applications is projected to be fueled by enhanced technology, attractive government assistance, and rapid product development. Moreover, the rising demand for medical components such as mask clips, face shields, and 3D printed masks & filter coverings as a result of the COVID-19 pandemic is expected to drive market.
On the basis of regions, the market is classified as Asia Pacific, North America, Latin America, Europe, and Middle East & Africa. North America dominated the market in 2021. The region has developed markets and a technologically advanced 3D printing sector, which is expected to drive the market. The polylactic acid (PLA) segment is expected to increase at a fast pace in North America.
PLA filament is frequently utilized in a variety of applications since it comes in a variety of colors and blends. It is also more convenient to use, and the finished printed output has a top-quality finish. The mechanical and chemical qualities of 3D printed plastics are driving the demand in medical devices. Product demand in the healthcare sector is projected to be driven by cost-effective, optical clarity, and biocompatibility manufacturing methods.
The global 3D printing plastics market has been segmented on the basis of
FormsKey players competing in the 3D printing plastics market include Royal DSM N.V.; Hoganas AB; PolyOne Corporation; Evonik Industries AG; The ExOne Company; Eos GmbH Electro Optical Systems; HP INC.; Materialise NV; SABIC; General Electric; Stratasys Ltd.; Envisiontec Inc.; Arkema Inc.; and 3D Systems Corporation.
Some of these players are using several business strategies including mergers, acquisitions, partnerships, collaborations, capacity expansion, and product launches to enhance their market shares. For instance,
Increasing environmental worries about the disposal of plastic materials are restraining the 3D printing plastics market.
The 3D printing plastics market is anticipated to expand at a CAGR of around 23% during the forecast period, 2022 – 2030.
The 3D printing plastics market size was valued at USD 786.6 million in 2021.
The 3D printing plastics market is projected to reach USD 5400 million by 2030.
Materialise NV; SABIC; General Electric; Stratasys Ltd.; Envisiontec Inc.; Arkema Inc.; and 3D Systems Corporation are some of the leading players in the 3D printing plastics market.