3D Printing Plastics Market To Cross $1.98 Billion By 2025 | Key Industry Players 3D Systems Corporation, Arkema Inc, HP INC.
San Francisco, 10
December 2018 - 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.
To request a sample copy
or view summary of this report:
www.grandviewresearch.com/industry-analysis/3d-printing-plastics-market
www.grandviewresearch.com/industry-analysis/3d-printing-plastics-market
Further key
findings from the study 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
- U.S.
- Canada
- Mexico
- Europe
- Germany
- France
- U.K.
- Italy
- Asia Pacific
- China
- India
- Japan
- South Korea
- Central & South America
- Brazil
- Middle East & Africa
- South Africa
Access Press Release Of This Research
Report by Grand View Research:
www.grandviewresearch.com/press-release/global-3d-printing-plastics-market
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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