3D Printing Plastics Market Scope
3D Printing plastics is a technique or process in which a plastic or material is joined or coagulated by the help of computer control in order to create a three-dimensional object. 3D printing is used in both fast prototyping and additive manufacturing (AM). The objects formed by 3D printing can be of any shape or geometry and mostly are generated by using digital model data from a 3D model or another electronic data source such as an Additive Manufacturing File (AMF) file (usually in sequential layers). Increasing demand for 3D printing in various fields such as aerospace, automation, and electronics, etc. are driving the growth of the market.
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Unit | Value (USD Million) |
Key Companies Profiled | 3D Systems Corporation (United States), Stratasys, Ltd. (United States), Arkema SA (France), BASF SE (Germany), Evonik Industries AG (Germany), SABIC (Saudi Arabia), HP Inc. (United States), DowDuPont Inc. (United States), Royal DSM N.V. (Netherlands) and EOS GmbH Electro Optical Systems (Germany) |
CAGR | % |
The demand for 3D Printing Plastic is increasing Due to the Current Pandemic as there is Rising Demand for Medical Components. Businesses in this sector encounter Stiff competition on a global scale from market leaders who control a large share of the market. The Leading Players are engaged in organic and non-organic strategic global expansion to maintain their Market Position. Research Analyst at AMA estimates that Global Manufacturers will contribute to the maximum growth of Global 3D Printing Plastics market throughout the predicted period.
3D Systems Corporation (United States), Stratasys, Ltd. (United States), Arkema SA (France), BASF SE (Germany), Evonik Industries AG (Germany), SABIC (Saudi Arabia), HP Inc. (United States), DowDuPont Inc. (United States), Royal DSM N.V. (Netherlands) and EOS GmbH Electro Optical Systems (Germany) are some of the key players that are part of study coverage. Additionally, the Manufacturers which are also part of the research are Clariant International Ltd. (Switzerland), CRP Group (United States), Envisiontec GmbH (Germany), Materialise NV (Belgium) and Oxford Performance Materials Inc. (United States).
About Approach
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from the total available market.
Segmentation Overview
The study have segmented the market of Global 3D Printing Plastics market by Type , by Application (Prototyping and Manufacturing) and Region with country level break-up.
On the basis of geography, the market of 3D Printing Plastics has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
region held largest market share in the year 2022.
Market Leaders and their expansionary development strategies
In September 2021 3D Systems Released a Statement Announcing the Acquisition of Oqton. With the acquisition of Oqton and the responsibility to continue changing and enhancing digital manufacturing systems, 3D Systems will make its most advanced digital platforms -available to the entire 3D Printing manufacturing industry and customer base as optional add-ons to the Oqton MOS platform. With 3D Systems' continuous investment in these market-leading 3D Printing manufacturing technologies, the company is sure that they can help to advance the usage of AM across all markets, benefiting all stakeholders in this quickly expanding industry.
In March 2023, 3D Systems announced innovations to strengthen its industry-leading digital dentistry portfolio with new materials, NextDent Base and NextDent Cast, and a new printing platform, the NextDent LCD1. These offerings help the company’s customers accelerate the adoption of additive manufacturing as part of their workflows and drive new levels of speed, productivity, efficiency, and precision while also providing opportunities to improve the patient experience.
Influencing Trend:
Rapid Developments in High performance of Thermoplastics and 3D Printing of Materials and Devices Based on Graphene
Market Growth Drivers:
Increasing Demand For 3D Printing in Various Fields Such as Aerospace, Automation, and Electronics and 3D Printing Improves Production by Lowering the Project's Time and Labour
Challenges:
Plastic Filaments Used in 3D Printing Impact the Environment and Lack of Consistent Quality, Strength, and Reliability of Parts Produced Via 3D Printing
Restraints:
Copyright Law is Hampered by 3D Printing and 3D Printed Plastic Products Have a High Production Cost
Opportunities:
Surge in Demand for 3D Printing from Healthcare Firms Due to Covid19 and 3D Printing Creates Demand as it Allows-Demand Manufacturing, Customization and Rapid Changes to Address the Needs From Clients
Key Target Audience
Venture Capitalists and Private Equity Firms, New Entrants/Investors, Analysts and Strategic Business Planners, Automotive Industry, Healthcare Industry and End-Use Industries