Know More About “3D Printing Plastics Market 2019-2025” Growth Worldwide…..|Grand View Research, Inc.
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.
Key manufacturers engaged in
manufacturing 3D printing plastic filaments include 3D Systems Corporation; Arkema Inc.; Envisiontec Inc.; Stratasys Ltd.;
and Materialse NV. Market participants are engaged in expanding the range
of 3D printing plastics as well as their applications.
Browse Research
Report On 3D printing plastics Market:
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.
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.
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.
Browse Press
Release of this report:
Grand View Research has segmented the
global 3D printing plastics market on the basis of type, form, application:
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 or additive manufacturing
is considered highly efficient as compared to various other traditional
manufacturing methods. It enables production by reducing time, efforts, and
costs incurred in a project. Moreover, it does not even require specialized
tooling to create a prototype. Additive manufacturing also avoids several
tooling related constraints for geometries.
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.
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