Zion Market Research has published a new report titled “3D Printing Plastics Market by Type (Polymers, Metals, Ceramics, and Others), by Form (Powder, Filament, and Liquid), and by End-use (Consumer Products, Industrial, Aerospace& Defense, Automotive, Healthcare, Education & Research, and Others): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2018 – 2024”. According to the report, global 3D printing plastics market was valued at approximately USD 486millionin 2017 and is expected to generate revenue of around USD 2,419million by the end of 2024, growing at a CAGR of around 25.75% between 2018 and 2024.
The rising advancements in technology combined with 3D technology are projected to foster the growth of the market. Growth and continuous investments made by the leading organizations towards the 3D printing technology and their equipment is one of the factors that is primarily driving the growth of the market. These ongoing investments made by the companies have led to the development of low-cost devices and materials. Moreover, not only prototyping and sampling but product designing and product formation with the help of 3D technology is possible in the modern days. Back in the 1980s, 3D printing technology was in its embryonic stage and the materials in 3D printing used were simple thermoplastics and wax since its role was restricted only for sampling and prototyping. Contrariwise, in the modern day scenario, with the help of technological advancements, 3D printing has progressed beyond prototyping. The increasing demand from end-use industries for production activities and the ongoing expansion of application-specific plastic products coupled with government initiatives across the globe is going to drive the market. These factors are expected to drive the 3D printing plastics market growth over the forecast period.
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The 3D printing plastics market is segmented on the basis of type into polymers, metals, ceramics, and others. The polymer type segment will dominate the market in the upcoming years. The growth is attributed to the low production expense of polymers. Also, polymeric reliable as compared to the metal. That is why it is gaining significance across the globe.
Based on the form, the3D printing plastics market has been segmented into powder, filament, and liquid. Filament sub-segment is expected to dominate the form segment. The growth of the sub-segment is attributed to the diverse application of filament in medical, healthcare, aerospace, automobile, and food industries.
Based on the end-use, 3D printing plastics market has been segmented into healthcare, consumer products, aerospace & defense, industrial, automotive, education & research, and others. Healthcaresub-segment is expected to dominate the end-user segment. The growth of the sub-segments attributed to the significant application of healthcare in dental surgery, replacement of burnt skin, and airway splints for babies with Tracheobronchomalacia(TBM), and many others.
North America is growing with the highest growth rate in the global 3D printing plastics market. The region is likely to continue its domination over the forecast period. The growth of this regional market is attributed to rapid technological advancements across the region. The high adoption rate of 3D technology across various industries will fuel the growth of the regional market. Europe is predicted to have a substantial revenue share in the global 3D printing plastics market. The region is considered as diverse and developed enough. The rising demand for automotive 3D printing materials for luxury cars and sports cars is going to fuel the market growth in the region.
Some of the industry players operating in the 3D printing plastics market include Farsoon, Inc., Stratasys Ltd., Arevo Labs, Sandvik AB, Evonik Industries AG, Optomec Inc., Rahn AG, Taulman 3D, LLC, Oxford Performance Materials, Arcam AB, Voxeljet AG, and EOS GmbH.
This report segments the global 3D printing plastics market as follows:
Global 3D Printing PlasticsMarket: TypeSegment Analysis
Global 3D printing plasticsMarket: FormSegment Analysis
Global 3D printing plastics Market: End-useSegment Analysis
Global 3D printing plastics Market: Regional Segment Analysis