The global 3D printing plastics market size was valued at USD 1.26 billion in 2022. The market is projected to grow from USD 1.55 billion in 2023 to USD 7.46 billion by 2030, exhibiting a CAGR of 25.1% during the forecast period.

3D printing is a technology used to construct three-dimensional things by layering material on the basis of a digital model or design. The 3D printing plastics involves materials, such as polyethylene, polystyrene, and polypropylene materials, which can be further extruded, melted, and are also formed into shapes layer-by-layer to generate a final 3D object. The growing advancements in printing technologies aimed to improve the resolution and precision of printed objects that enable accuracy in the final product to drive market growth. Fortune Business Insights™ mentioned this in a report titled, “3D Printing Plastics Market, 2024-2030.”

List of Key Players Present in the 3D Printing Plastics Report:

HP Development Company, L.P (U.S.), Evonik Industries AG. (Germany), Stratasys (U.S.), 3D Systems, Inc. (U.S.), Arkema S.A.(France), Henkel Corporation (Germany), EOS GmbH Electro Optical Systems (Germany), Solvay S.A.(Belgium), Huntsman Corporation (U.S.), SABIC (Saudi Arabia)

3D Printing Plastics Industry Segments

Suitability for Creating Prototypes of Parts and Products to Drive Polylactic Acid Segment Growth

Based on type, the market is classified into Polylactic Acid, ABS, Polyamide, Polycarbonate, and others. The Polylactic Acid is the fastest-growing segment and held the largest 3D printing plastics market share in 2022. The segment’s growth is attributed to its suitability to create prototypes of products and parts before mass production, as it offers a good surface finish.

Growing Use of 3D Printing Plastics in Aerospace & Defense Boosted Aerospace & Defense Segment Growth

By end-use industry, the market is divided into automotive, aerospace & defense, healthcare, electronics & electrical, consumer goods, and others. The aerospace & defense segment accounted for the largest market share due to the use of 3D printing plastics in the aerospace & defense sector to produce lighter components, including unmanned aerial vehicles and military drones, improving agility and mobility, and enhancing fuel efficiency.

Geographically, the market is studied across North America, Europe, Asia Pacific, the Middle East & Africa, and Latin America.

3D Printing Plastics Report Coverage

The report provides major growth drivers, restraining factors, opportunities, and potential challenges for the market. It offers comprehensive insights into regional developments, a list of major industry players, key strategies adopted by market players, and the latest industry developments, including product launches, partnerships, mergers, and acquisitions.

Drivers & Restraints

Ability to Create Personalized and Customized Items to Drive Market Growth

The ability of 3D printing plastics to create personalized and customized products is boosting the 3D printing plastics market growth. 3D printing decreases the time and cost required for manufacturing and prototyping. It helps to eliminate the need for tooling and costly molds that allow rapid iterations and decrease manufacturing lead times, aiding market growth.

However, it is challenging to find a material that combines all characteristics for a particular application, which may hinder market growth.

Regional 3D Printing Plastics Market Insights

North America Led the Market Due to Growing Commercial Aerospace Products’ Demand

North America accounted for USD 0.51 billion and held the largest market share in 2022. The growth is attributed to the growing demand for commercial aerospace products, such as passenger aircraft, in the region.

Asia Pacific held a significant market owing to the government support and ongoing technological innovation and government support for additive production in nations, such as India, South Korea, and China.

Competitive Landscape

Growing Key Players’ Focus on Collaborations and Partnerships to Boost Market Growth

The increasing focus of key players on promoting strategic partnerships and collaborations with end-users to improve their research and developments to boost market expansion. The major market players emphasize raising the service areas to propel their revenues and increase their market share.

Key 3D Printing Plastics Industry Development

October 2021- Under its Loctite brand, Henkel introduced a 3D printing resin for healthcare applications. This photopolymer offers a range of biocompatibility standards to medical devices.

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