3D Printing Plastic Market Research Report Size, Growth & Global Forecast – 2021-2028

The 3D Printing Plastic Market is expected to reach USD 4,900 million in 2028 and is estimated to grow at a CAGR of 26.1% over the forecast period (2021-2028).

The factors driving growth of 3D Printing Plastic Market includes increasing application of photopolymers in jewelry, medicine, and stomatology, development of application specific grades of 3D printing plastics, Government policies promoting the use of 3D printing plastics and improvements in the living standards. According to the report published by Statista, the market volume of Jewelry across India has increased from 260 million units in 2016 to 511 million units in 2021, which will accelerate the 3D Printing Plastics Market size in the approaching years. Moreover, growing demand for 3D printing plastics in medical equipment owing to its mechanical and chemical properties, increased adoption of advanced technologies by manufacturers, rise in the launch of innovative products and rapid urbanization, are some of the additional factors supplementing the 3D Printing Plastics Market share. In addition, the increasing investments by major companies on research and development, strategic partnerships between key industry players, rising disposable incomes and growing population growth rates, are further contributing towards the market growth.

However, growth of the 3D Printing Plastic Market is hindered due to environmental concerns related to disposal of 3D printed plastic products.

The major players operating in the market are Oxford Performance Materials Inc., Arkema, LPW Technology Ltd., Stratasys Direct Inc., 3D System Corporation, HP Development Company, Avient Corporation, Materialise, LuxCreo Inc., and Voxeljet AG, among others.

Based on Type, the Photopolymer segment is predicted to grow at a significant CAGR during the forecast period

Increasing application of photopolymers in inkjet, polyjet, and 3D jetted printing, is propelling 3D Printing Plastics Market size.

Based on End-User, the Healthcare segment is projected to expand at a remarkable CAGR over the forecast period

Rising prevalence of vascular and osteoarthritis diseases across the globe and increasing application of 3D printing plastics solutions for creating tissue, organoids, and surgical tools, are some of the factors pushing growth of the segment.

Based on Region, the North American region is anticipated to hold the highest market share during the forecast period

As per the 3D Printing Plastic Market Research, presence of the leading players such as Stratasys Direct Inc., 3D System Corporation, HP Development Company, growing demand for 3D printing plastic solutions across medical, aerospace & defense industries, rising population growth rates and high per capita incomes, are some of the important factors augmenting the market growth in the North American region.

Key Developments

  • In 2021, 3D System Corporation introduced new products that spearhead 3D printing innovation. The company plans to boost additive manufacturing innovation through a host of new products and partnerships.
  • In 2021, the Pioneer 3D printing solutions manufacturer developed new high-throughput 3D printing technology, partnering with a UKs new start-up, Additive Manufacturing Technology. The company has introduced novel 3D printing workflows, improved AM software, and a new production-grade light-activated resin ideal for an automotive component.

Market Segmentation

Segmentation by Type

  • Photopolymer
  • ABS
  • Polyamide
  • PLA
  • Others

Segmentation by End-User

  • Automotive
  • Healthcare
  • Aerospace & Defense
  • Electrical & Electronics
  • Others

Segmentation by Region

  • Asia Pacific
    • China
    • Japan
    • India
    • Rest of APAC
  • North America
    • United States of America
    • Canada
  • Europe
    • United Kingdom
    • Germany
    • France
    • Spain
    • Rest of Europe
  • RoW
    • Brazil
    • South Africa
    • Saudi Arabia
    • UAE

About GMI Research

GMI Research is a market research and consulting firm which provides market insights and intelligence across 12 major sectors helping our clients in making effective investment and business decisions.

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Publicado en Technology en enero 05 at 01:50
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