“Browse through 301 market data tables and 65 figures spread across 299 pages and an in-depth TOC on ‘3D Printing Plastics Market'”
3D Printing Plastics Market by Type (Photopolymer, ABS, PLA, Polyamide), Form (Powder, Liquid, Filament), Application, End-User Industry (Aerospace & Defense, Healthcare, Automotive, Electronics & Goods) consumption) and region
3D printing is part of the additive manufacturing process, which is used for the layer-by-layer development of objects, using thin materials based on a 3D digital model. It is a sophisticated technology, which is used to print multiple objects in a short period of time without requiring a huge equipment setup. 3D printing technology uses high-performance AutoCAD printers, materials, and software to develop 3D objects. Printing materials play a key role in 3D printing technology because these materials must meet all the characteristic requirements of the end products being developed.
Key drivers for the 3D printing plastics market include increasing supply of 3D printing plastics due to downstream integration of major polymer companies, development of specific 3D printing plastics grades to application, mass customization, initiatives undertaken by governments of different countries to support the adoption of 3D printing technologies in various industries. Environmental concerns about the phase-out of 3D printed plastic products, skepticism about the acceptance of new technologies in emerging economies, and the certification required for using specific grades of 3D printing plastics for particular applications in critical industries can impede market growth. Some of the opportunities for manufacturers include increasing demand for bio-based grades of 3D printing plastics, increasing demand for composite grades of 3D printing plastics in various industrial applications. The main challenges faced by manufacturers are the evolution of 3D printing technologies and the high manufacturing costs of commercial grades of 3D printing plastics. The global 3D printing plastics market size is expected to grow from USD 721 Million in 2022 to USD 1,907 Million by 2027, projecting a CAGR of 21.5% during the forecast period between 2022 and 2027.
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Companies operating in the 3D printing plastics market have strengthened their position by adopting expansions, partnerships, agreements, new product/technology launches, joint ventures, contracts, and mergers and acquisitions from 2017 to 2022. For example, in March 2022, Evonik launched VESTAKEEP iC4800 3DF, a new osteoconductive PEEK filament for 3D printed filaments at the AAOS show in Chicago, USA.
3D Systems Corporation (USA), Stratasys, Inc. (USA), Covestro AG (Germany), Arkema SA (France), Evonik Industries (Germany), BASF SE (Germany), Henkel (Germany), EOS GmbH Electro Optical Systems (Germany), Solvay SA (Belgium), SABIC (Saudi Arabia), EI du Pont de Nemours & Company (USA), Shenzhen eSUN Industrial Co., Ltd. (China), Hunstman Corporation (US), CRP Technology SrL (Italy), and Formlabs Inc (US) are some of the major players in the 3D printing plastics market.
3D Systems Corporation provides complete 3D printing and digital manufacturing solutions, including 3D printers for plastics, metals, wax and bio-inks, materials, software, advanced manufacturing services and tools for digital design. Its solutions support advanced applications in two key industry sectors: healthcare (which includes dental appliances, medical devices, personalized health services and regenerative medicine) and industrial (which includes aerospace, defense , transportation and general manufacturing). The company markets its products and services through subsidiaries and distribution partners in North and South America, Europe, the Middle East, Africa, Asia-Pacific and Oceania.
Arkema is a chemist that supplies specialty chemicals and advanced materials. The company manufactures a range of products for industries including construction, packaging, chemical, automotive, electronics, food and pharmaceutical industries. It operates through three business segments: Performance Materials, Industrial Specialties and Coating Solutions. The Company offers 3D printing materials through its Coating Solutions business segment. He has aggressively promoted the use of powder grades of 3D printing plastics such as Orgasol and Rilsan, which are used in the laser sintering process. Arkema also worked on the development of grades specific to the Kepston PEKK powder ranges, which are used in the laser sintering process. These products are promoted either directly by the company or through the printer manufacturers in the market. The company has production centers located in Europe, North America and Asia. It operates through a network of subsidiaries, such as XL Brands.
Stratasys, Ltd. is a global leader in connected polymer-based 3D printing solutions, which it provides at every stage of the product lifecycle, with multiple technologies and complete solutions for better adaptation to applications, in design, manufacturing and health care. The company is particularly focused on polymer 3D printing solutions that address the fastest growing manufacturing solutions, which it sees as the biggest potential growth opportunity in the 3D printing industry. Leveraging distinct competitive advantages including a broad portfolio of best-in-class 3D printing platforms, technology partner software, materials and ecosystems, innovative leadership and global GTM infrastructure, the company is able to further expand its leadership position in this important and growing global market.
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