Development of application-specific grades of 3D printing plastics to drive the market

DUBLIN, June 24, 2022 /PRNewswire/ — The “3D Printing Plastics Market by Type (Photopolymer, ABS, PLA, Polyamide), Form (Powder, Liquid, Filament), Application, End-User Industry (Aerospace & Defense, Healthcare, Healthcare, Automotive, Electronics and Consumer Goods) and Region – Global Forecast to 2027” report has been added to from ResearchAndMarkets.com offer.

The market for 3D printing plastics is estimated at $721 million in 2022 and should reach $1,907 million by 2027, at a CAGR of 21.5% between 2022 and 2027. Supporting initiatives undertaken by governments of different countries to support the adoption of 3D printing technologies in various industries is one of the most important factors. important ones that are expected to drive the growth of 3D printing. plastics market.

Increase in the supply of 3D printing plastics due to the downstream integration of major polymer companies and mass customization is also contributing to the growth of the 3D printing plastics market. However, skepticism regarding the acceptance of new technologies in emerging economies has negatively affected the 3D printing plastics market.

Key players

  • 3D Systems Society
  • Arkema S.A.
  • BASF SE
  • Covestro AG
  • CRP Technology SRL
  • EI Du Pont De Nemours & Company
  • Envisiontec GmbH
  • Eos GmbH Electro-optical systems
  • Evonik Industries AG
  • Formlabs, Inc.
  • Henkel AG
  • Hunter’s Society
  • Lehman & Voss & Co.Kg
  • Oxford Performance Materials, Inc.
  • Sabic
  • Shenzhen Esun Industrial Co., Ltd.
  • Solvay S.A.
  • Stratasys, Ltd.
  • Ultimaker B.V.
  • Zortrax

Report Highlights

Initiatives are being undertaken by governments of different countries to support the adoption of 3D printing technologies in various industries.

3D printing is used in a wide range of industries around the world because it reduces time and operating costs while enabling the mass production of goods. Governments around the world are taking steps to encourage the adoption of 3D printing plastics across a variety of industries. For example, the government of india The Ministry of Electronics and Information has developed a 3D printing policy in December 2020 create an enabling environment for local businesses.

Skepticism about the acceptance of new technologies in emerging economies.

The rate of adoption of new technologies varies from country to country depending on various macroeconomic factors such as GDP and the growth of industries contributing to the GDP of a country. new and innovative technology development activities. The lack of adoption of new technologies in emerging economies can be attributed to the reliance of GDP-defining industries in these economies on traditional occupations such as agriculture and commodity manufacturing. Thus, technological trends such as 3D printing technology do not predominate in these regions.

Growing demand for composite grades of 3D printing plastics in various industrial applications.

The increasing adoption of 3D printing technology in commercial applications has led to an increased demand for composite grades of 3D printing plastics in various industrial applications across the world. These grades provide optimum performance in extreme conditions such as corrosive and high temperature/pressure environments.

The major challenge for the 3D printing plastics market is the establishment of a particular structure for mass production of specific commercial grades of 3D printing plastics. Manufacturers of these plastics need agile manufacturing systems to produce new grades of plastics using similar base materials to meet the demands of ever-changing 3D printing technologies.

Asia Pacific The region is expected to grow with the highest CAGR during the forecast period.

The Asia Pacific is the fastest growing market for 3D printing plastics in the world. The region is expected to become a major supplier base for 3D printing plastics in the coming years. The 3D printing industry Asia Pacific is largely concentrated in the Southeast Asia region, which is one of the major 3D printing markets in terms of industrial application.

The cost of plastic raw materials is lower in Asia Pacific due to their easy availability, which promises high potential for market growth in the coming years. This easy availability of raw materials will also help the region emerge as a global supplier of 3D printing plastics.

Main topics covered:

1. Introduction

2 Research methodology

3 Executive Summary

4 premium previews
4.1 Attractive Opportunities in the 3D Printing Plastics Market
Figure 11 Strong Demand from Aerospace and Defense Industry to Drive 3D Printing Plastics Market
4.2 3D Printing Plastics Market, by Type
Figure 12 Photopolymer accounted for the largest market share in 2021
4.3 3D Printing Plastics Market, By Form
Figure 13 Filament was the largest form in 2021
4.4 3D Printing Plastics Market, by Application
Figure 14 Prototyping was the biggest application in 2021
4.5 3D Printing Plastics Market, by End-Use Industry
Figure 15 3D Printing Plastics Market Driven by Aerospace and Defense Industry in 2021
4.6 3D Printing Plastics Market, by Key Countries
Figure 16 Market in China to witness the highest CAGR during the forecast period

5 Market Overview
5.1 Presentation
5.2 Market Dynamics
Figure 17 Drivers, Restraints, Opportunities and Challenges in 3D Printing Plastics Market
5.2.1 Drivers
5.2.1.1 Increase in supply of 3D printing plastics due to downstream integration of major polymer companies
5.2.1.2 Development of grades specific to 3D printing plastics applications
5.2.1.3 Mass customization
5.2.1.4 Initiatives undertaken by governments of different countries to support the adoption of 3D printing technologies in various industries
5.2.2 Constraints
5.2.2.1 Environmental concerns regarding disposal of 3D printed plastic products
5.2.2.2 Skepticism regarding the acceptance of new technologies in emerging economies
5.2.2.3 Certifications required for using specific grades of 3D printing plastics for particular applications in critical industries
5.2.3 Opportunities
5.2.3.1 Increase in demand for bio-based grades of 3D printing plastics
5.2.3.2 Growing demand for composite grades of 3D printing plastics in various industrial applications
5.2.4 Challenges
5.2.4.1 Evolution of 3D printing technologies
5.2.4.2 High Manufacturing Costs of Commercial Grades of 3D Printing Plastics

6 3D Printing Plastics Market, by Type

7 3D Printing Plastics Market, By Shape

8 3D Printing Plastics Market, by Application

9 3D printing plastics market, by end-use industry

10 3D Printing Plastics Market, by Region

11 Competitive landscape

For more information about this report visit https://www.researchandmarkets.com/r/ctno2t

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SOURCE Research and Markets

About Barbara J. Ross

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