The Report 3D Printing Plastics Market Size, Share & Trends Analysis Report
By Type (ABS & ASA, Photopolymers, Polyamide/Nylon, PLA), By Form
(Filament, Ink, Powder), By Application, And Segment Forecasts, 2018 – 2025
The global 3D printing plastics market size is likely
to reach USD 1.98 billion by 2025, according to a new study by Grand View
Research, Inc., rising at a CAGR of 24.9% during the forecast period. Spiraling
demand for 3D printing plastics, particularly from the medical and aerospace
& defense industries, is anticipated to contribute to the growth of the
market during the forecast period.
The 3D printing plastics
market is benefitting from favorable government support in key economies such
as the U.S. and China. 3D printed products assist significantly in attaining
economies of scale through consumption of lesser lead time, reduced costs, and
mitigated risks. 3D plastics also allows easier customization as per consumer
needs. Thus, there is an upsurge in the demand for 3D printing plastics from
various end use industries such as automotive, medical, and electrical &
electronics.
Adoption rate of 3D
printing is poised to witness sharp rise across several new end user
industries, which in turn is expected to lead to higher demand for printing
materials such as plastics. Functional prototyping, tooling, and designing have
enabled extensive applications of 3D printing across newer application areas.
Consumer goods is
emerging as a significant application of 3D plastic products on account of
reduced lead time offered by additive manufacturing techniques. Innovative
additive manufacturing solutions enable production of designer parts with
complex geometries, thus, facilitating manufacturers to cater to rising
consumer needs for personalized parts.Photopolymers was the dominant plastic
segment in terms of both revenue and volume in 2017.
Heightened demand for
photopolymers can be attributed to high consumption in production of industrial
prototypes through the utilization of SLA technology. Polyamide/Nylon is estimated
to experience the fastest growth rate during the forecast period on account of
rising demand from both domestic as well as commercial applications. Use of
polyamide/nylon is accompanied by laser sintering technology.
Access Research Report of 3D Printing Plastics Market @ www.grandviewresearch.com/industry-analysis/3d-printing-plastics-market
Further key findings from the repot suggest:
· North America will be the dominant regional
market in the global arena in terms of revenue throughout the forecast period,
while Asia Pacific is projected to register the highest CAGR of 26.7% during
the same period. Favorable government policies in Asia Pacific region
particularly in China and India are likely to drive market growth
· Photopolymers was the largest type segment
in the global 3D printing plastics market in 2017. Photopolymers are used
extensively across several end-user industries as it acts as a binder,
additive, colorant, plasticizer, and chemical agent in the 3D printed product
· In April 2018, 3D Systems Corporation
participated in RAPID+TCT 2018 held in the U.S. Product portfolio of the
company consisted of several solutions, which would aid manufacturers in
switching from prototyping to production and to recognize their competitive
advantages. Figure 4™ platform demonstrates optimum throughput and accuracy
necessary for production of plastic part.
Grand View Research has
segmented the global 3D printing plastics market on the basis of type, form,
application, and region:
3D Printing Plastics Type Outlook (Volume, Tons; Revenue,
USD Million, 2014 - 2025)
·
Photopolymers
·
ABS & ASA
·
Polyamide/Nylon
·
Polylactic acid
·
Others
3D Printing Plastics Form Outlook (Volume, Tons; Revenue,
USD Million, 2014 - 2025)
·
Filament
·
Ink
·
Powder
3D Printing Plastics Application Outlook (Volume, Tons;
Revenue, USD Million, 2014 - 2025)
·
Automotive
·
Medical
·
Aerospace & Defense
·
Consumer Goods
3D Printing Plastics Regional Outlook (Volume, Tons;
Revenue, USD Million, 2014 - 2025)
·
North America
·
Europe
·
Asia Pacific
·
Central & South America
·
Middle East & Africa
About
Grand View Research
Grand
View Research, Inc. is a U.S. based market research and consulting company,
registered in the State of California and headquartered in San Francisco.
The company provides syndicated research
reports, customized research reports, and consulting services. To help
clients make informed business
decisions, we offer market intelligence studies ensuring relevant and
fact-based research across a range of industries, from technology to chemicals,
materials and healthcare.
