3d Printing Plastics Market Size Worth $5.4 Billion By 2030
3D Printing Plastics Industry Overview
The global 3D printing plastics market size is expected to reach USD 5.4 billion by 2030, according to a new study by Grand View Research, Inc. It is expected to expand at a CAGR of 23.9% from 2022 to 2030. The market is projected to witness substantial growth due to rising demand from various end-use industries such as medical, automotive, aerospace and defense, and consumer goods. Properties such as clarity in the image, high durability, high impact resistance, excellent UV and temperature resistant, sliding friction, high chemical resistance, rigidity, and dimensional stability are significantly fueling the demand for 3D printing plastics in the above-mentioned end-use industries across the globe.
3D printed products assist significantly in attaining economies of scale through the consumption of lesser lead time, reduced costs, and mitigated risks. 3D plastics also allow easier customization as per the consumers’ needs. Thus, attracting favorable government regulations across various end-use industries such as automotive, medical, and consumer goods. Asia Pacific is anticipated to expand at a lucrative CAGR over the forecast period. The medical end-use segment in the region is expected to witness substantial growth over the forecast period on account of the increasing applications of 3D plastics in prototyping, custom orthodontic implants, prosthetics, medical instruments, and others.
Moreover, the rising demand for high-quality medical instruments and components from hospitals in major economies, such as China, India, and Singapore, is anticipated to create lucrative opportunities in the medical industry. Furthermore, the recent outbreak of COVID-19 in countries such as India, China, Australia, Japan, and Malaysia is creating a high demand for 3D printing plastics, especially in face shields, 3D printed masks, and filter cover applications. Thus, the rising positive cases in the region are projected to significantly boost the market growth.
3D Printing Plastics Market Segmentation
Grand View Research has segmented the global 3D printing plastics market based on type, form, end use, and region:
Based on the Type Insights, the market is segmented into Photopolymers, ABS & ASA, Polyamide/Nylon, Polylactic Acid, and Others.
- The photopolymers segment led the market and accounted for more than 55.0% share of the global revenue in 2021. Photopolymers are soluble liquid mixtures of monomer, polymer base, and oligomers along with a photoinitiator. They are lightly sensitive polymeric materials that when exposed to light, change their physical as well as chemical properties.
- Polyamide/Nylon is anticipated to grow at the fastest rate during the forecast period. Nylon is also called Polyamide (PA). Nylon 6 and Nylon 6, 6 are two different grades of nylon, consisting of almost similar ratios of hydrogen, oxygen, nitrogen, and carbon. Nylon consists of a comparatively higher melting point, which allows it to become an ideal material to be used in several applications.
Based on the Form Insights, the market is segmented into Filament, Ink, and Powder.
- The filament segment led the market and accounted for more than 65.0% share of the global revenue in 2021. They are manufactured and marketed in two diameters only, which include 1.75mm and 3mm. Their versatile properties, coupled with a surge in demand from several application industries such as food packaging, tableware, upholstery, and disposable garments, are expected to drive the demand over the forecast period.
- 3D printing inks are anticipated to witness promising growth during the forecast period on account of the ongoing research & development activities as well as investments to develop smart inks. These inks enable the 3D printed structures to change their shape as well as color, thereby enhancing their functionality.
Based on the End-use Insights, the market is segmented into Automotive, Medical Aerospace & Defense, and Consumer Goods.
- The medical end-use segment led the market and accounted for more than 45.0% share of the global revenue in 2021. Key factors propelling the demand for 3D printing plastics in the medical industry include its cost-effectiveness, ease in customization, and growing incidences of vascular and osteoarthritis diseases.
- Growth in aircraft manufacturing for defense and commercial purposes is likely to drive the demand for plastics in additive manufacturing. Increasing military and defense expenditure is anticipated to fuel the growth of the aerospace industry, thereby propelling the product demand. Airbus Group’s A350 and Boeing’s Dreamliner are among the most popular aircraft fleets witnessing demand in the aviation industry.
3D Printing Plastics Regional Outlook
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East & Africa (MEA)
Key Companies Profile & Market Share Insights
The market participants are engaged in expanding the range of 3D printing plastics as well as their applications. As the technologies are rapidly advancing, the manufacturers of 3D printed plastics are also focusing on streamlining the pre and postproduction process. For instance, in August 2019, Materialise collaborated with Engimplan, a Brazilian manufacturer of orthopedic & craniomaxillofacial (CMF) implants and medical equipment. This collaboration was intended to expand the product portfolio of Materialise in Brazil with the introduction of 3D printed customized implants.
Some prominent players in the global 3D printing plastics market include:
- 3D Systems Corporation
- Arkema Inc.
- Envisiontec Inc.
- Stratasys Ltd.
- SABIC
- Materialise NV
- HP INC.
- Eos GmbH Electro Optical Systems
- PolyOne Corporation
- Royal DSM N.V.
Order a free sample PDF of the 3D Printing Plastics Market Intelligence Study, published by Grand View Research.
About Grand View Research
Grand View Research, U.S.-based market research and consulting company, provides syndicated as well as customized research reports and consulting services. Registered in California and headquartered in San Francisco, the company comprises over 425 analysts and consultants, adding more than 1200 market research reports to its vast database each year. These reports offer in-depth analysis on 46 industries across 25 major countries worldwide. With the help of an interactive market intelligence platform, Grand View Research Helps Fortune 500 companies and renowned academic institutes understand the global and regional business environment and gauge the opportunities that lie ahead.
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Grand View Research, Inc.
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