The Global 3D Printing Plastics Market is projected to reach around USD 3.5 billion in 2027 at a CAGR of around 19.8%.
Plastic is a material made up of synthetic or semi-synthetic compounds, that possesses the unique characteristic of malleability. Synthetic plastics are widely available in the market. Though, growing environmental concern regarding waste disposal, plastic produced from renewable materials such as polylactic acid (PLA) are also popular on the market. Plastic is a low cost, ease of manufacture, versatility and water resistance property make them used in 3D printing in various industries for manufacturing prototype and end-use products. For the conventional manufacturing 3D printing offers various types of thermoplastics and industrial materials. Plastics are commonly used in injection molding, now it developed to work thermoplastic 3D printing technologies like Fused Deposition Modeling (FDM).
Market Driver:
For the automotive and Aerospace industry advancement in additive manufacturing have helped them to newer, critical designs along with lighter, stronger, and safer products and reduced lead times well as reduced costs. Since the additive manufacturing technology developed for both the industries the OEM manufacturers and suppliers are using it for rapid prototyping. Furthermore, the technological advancement in additive manufacturing makes a strong case for its use in direct manufacturing and product innovation in the future. The production volume of the automotive industry is generally very high; thus, 3D printing plastics are predominantly used for prototyping solution rather than for end part manufacturing.
Thus, growing demand from the Automotive and Aerospace industry is expected to drive the 3D printing plastic market during the forecast period.
Market Challenge:
Over the last few years, increasing plastic pollution has become a major environmental concern. This can be attributed to human dependency on plastic. Though, 3D printing environmentally friendly manufacturing technique and use only the amount of material they need by building objects layer by layer, it is a leading concern where plastic pollution is concerned. The technological advancement in 3D printers means that can produce in-house, lowering turnaround times and saving money. However, there are concerns that this could lead to an overall increase in the number of disposable products on the market.
Thus, the environmental concern regarding the disposal of 3D printing plastic product is expected to hamper the market growth up to a certain extent.
The report on the 3D Printing Plastics market covers a deep dive analysis of historic, recent and current market trends. Furthermore, market share/ranking analysis of key players, market dynamics, competition landscape, country-wise analysis for each region covered and the entire supply chain dynamics are covered through the below segmentation.
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Report Features |
Specifics |
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Historical/Estimated/Forecasted Market Size Years |
2018-2027 |
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Base Year for Market Calculation |
2019 |
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Forecasted Period |
2020-2027 (2020 estimated year, forecasted up to 2027) |
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Measured Units |
Value (USD Billion), Volume (Tons) |
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Segments Included |
Type, Form Application, and End Use Industries |
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Regional Coverage |
North America, Europe, Asia-Pacific, Middle East & Africa, South Africa |
For the scope of the report, In-depth segmentation is offered by Forencis Research
3D Printing Plastics Market, by Type
3D Printing Plastics Market, by Form
3D Printing Plastics Market, by Application
3D Printing Plastics Market, by End Use Industries
3D Printing Plastics Market, by Region
60+ MARKET TABLES AND 30+ FIGURES WILL BE INCLUDED IN THE 3D PRINTING PLASTICS MARKET STUDY
Note1: Tentative table of contents, may get updated during the course of research.
Note2: Company financial information is subject to availability in public domain
60+ MARKET TABLES AND 30+ FIGURES WILL BE INCLUDED IN THE STUDY
