According to Stratistics MRC, the Global 3D Printing Plastics Market is accounted for $990.70 million in 2022 and is expected to reach $3,945.47 million by 2028 growing at a CAGR of 25.9% during the forecast period.
3D printing plastics have resulted in numerous significant advancements in the automotive industry, including lighter, cleaner, safer, and more inventive products. OEMs mostly used 3D printing for fast prototyping. In the 3D printing industry, photopolymers are frequently used because they make high-resolution product production and customization easier. The most popular photopolymer 3D printing technologies in the market include SLA printing, DLA printing, MJM, and Polyjet. These photopolymers are widely used in many different fields, such as dentistry, medicine, jewellery, and the development of prototypes for commercial purposes.
Growing adoption of 3D-printed plastic in the healthcare industry is propelling market expansion. Cost-effectiveness, simplicity of customisation, as well as the increasing prevalence of vascular and arthritic illnesses, is a major factor influencing demand for 3D printed plastics in the medical sector. Due to its rigidity, strength, chemical compatibility, and temperature endurance, polyamide or nylon is frequently used for injection moulding in medical devices. The market will expand due to the expanding use of photopolymers for high-resolution, ultra-fine parts in medical devices.
By geography, North America is projected to hold the largest market share during the forecast period owing to the 3D printing industry’s cutting-edge technology, the market has grown tremendously. The mechanical and chemical qualities provided by 3D printed plastics are a contributing factor in the rising demand for these materials in medical equipment. Additionally, it is anticipated that the steadily growing patient population brought on by the COVID-19 outbreak at the community level would drive the demand for medical components and consequently increase the demand for 3D printing plastics.
Some of the key players profiled in the 3D Printing Plastics Market include SABIC, BASF SE, Evonik Industries AG, HP Inc., DowDuPont Inc., Clariant International Ltd., Oxford Performance Materials Inc., 3D Systems Corporation, Covestro AG, Hunstman Corporation, General Electric, The ExOne Company, PolyOne Corporation, Stratasys Ltd., Arkema Inc., Toner Plastics, Bolson Materials and Golden Plastics.
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By Form:
- Ink/Liquid
- Powder
- Filament
- Other Forms
By Types:
- Polylactic acid (PLA)
- Polyamide/Nylon
- Photopolymers
- Acrylonitrile Butane Styrene (ABS)
- Polycarbonates
- Polyethylene Terephthalate (PET)
- Glycolized polyester (PETG)
- Acrylonitrile Styrene Acrylate (ASA)
- High Performance Polymers
- Other Types
By Applications:
- Manufacturing
- Prototyping
- Other Applications
By End Users:
- Aerospace & Defense
- Automotive
- Consumer Goods
- Medical
- Healthcare
- Electrical & Electronics
- Other End Users
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- Competitive Benchmarking
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