Reduced waste generation during the manufacturing of 3D printed plastic products is one of the significant factors influencing the market growth.
The uses of 3D printing are expanding around the global market. 3D printing is robustly used to manufacture shoes, building parts, musical instruments, dental, implants, car components, medical devices, functional ceramics, prosthetics, jewellery, robots, and casts. The global 3D Printing Plastic Market is projected to be valued at USD 4,480.0 Million by 2027, registering a CAGR of 24.3%, according to the report by Emergen Research.
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3D printing has observed high demand in the global market as it is highly efficient in comparison to several other traditional manufacturing methods. 3D printing enables production by reducing the time, costs, and efforts incurred in the project. It does not even require any specialized tooling to create a prototype. Additive manufacturing also avoids various tooling related constraints on the geometries which can be achieved through the traditional production process. Increasing investments in these business industries along with favourable government support are expected to drive the overall demand growth for 3D printing plastics.
Key participants include Stratasys Ltd., CRP Group, 3D Systems Corporation, Royal DSM NV, Oxford Performance Materials, EOS GmbH, Arkema SA, Envisiontec GmbH, Evonik Industries AG, and SABIC, among others.
Emergen Research has segmented the global 3D printing plastic on the basis of type, form, industry vertical, and region:
- Type Outlook (Revenue, USD Billion; 2017-2027)
- Form Outlook (Revenue, USD Billion; 2017-2027)
- Application Outlook (Revenue, USD Billion; 2017-2027)
- Aerospace & Defense
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North America emerged as the dominator of the market for 3D printing plastics and accounted for more than 40% share of the global revenue in 2020. The region comprises of mature markets and is enhanced by a technologically advanced 3D printing industry, hence contributing to the global market. The U.S. dominated the North American market in 2020 and is estimated to dominate the industry during the forecast period. The demand for 3D printing plastics in the region is generated from the growing medical end-use segment due to increase in elderly population in the country. Increasing demand for 3D printing plastics in medical equipment can be associated with the excellent mechanical and chemical properties offered by 3D printed plastics.
- Regional Outlook (Revenue, USD Billion; 2017-2027)
- North America
- Rest of Europe
- South Korea
- Rest of APAC
- Rest of LATAM
- Saudi Arabia
- Rest of MEA
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