Market Overview:
The versatility of plastic as a
printing medium has boosted its application rate in the 3D Printing Market. The
analysis revealed by MRFR states that the market will expand at a CAGR of 23.3%
while achieving revenues worth USD 1,700 Million by the end of the forecast
period. The increasing popularity of 3D printing technology in end-use
industries such as automotive, science and industrial sectors is expected to
modify the demand for the 3D Printing Plastic Market in the upcoming years.
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The industrial advancements and
forward integration of key polymer manufacturers is also adding to the growth
trajectory that is being exhibited by the market. The rising demand being
observed for composite grades of 3D printing plastic in several industrial applications
is proving to be a positive influence on the development of the market. The
amplifying demand for bio-based alternatives for 3D printed plastics is
expected to boost the development of the market. The evolving 3D printing
technologies and the increased production cost of commercial grades of 3D
printing plastics may provide certain setbacks to the growth of the market.
However, the lack of adoption of new technologies in emerging economies like
Asia Pacific, Middle East & Africa and the environmental regulations
related to the disposal of 3D Printed Plastic products might hamper the
development of the market in the upcoming forecast period.
Competitive Analysis
The competition in the market is
increasing steadily as new contenders are entering the market. The increasing
popularity and demand for 3D printing on plastics is anticipated to modify the
market favorably in the forecast period. The cost-effectiveness of 3D printing
on plastic is expected to benefit the market’s expansion in the forecast period
positively. Moreover, the innovations in the market are expected to reflect
positively on the market’s progress in the coming years.
·
3D Systems, Inc.
·
BASF SE
·
Stratasys Ltd.
·
Royal DSM N.V.
·
SABIC
·
Evonik Industries AG
·
EOS GmbH Electro Optical Systems
·
HP Development Company, L.P.
·
Materialise
·
Clariant
·
DowDuPont, Inc.
·
CRP Group
·
Arkema Group
·
ENVISIONTEC, INC.
·
Oxford Performance Materials
Segmental Analysis
The segmentation of the 3D Printing Plastics Market is
carried out on the basis of Type, Form, Application, End-Use Industry and
Region. On the basis of Type, the market is segmented into
acrylonitrile butadiene styrene, photopolymer, polyamide, polylactic acid among
others. The photopolymer segment is accredited with the principal market share
in 2017, and the polyamide segment is anticipated to be among the rapidly
growing market throughout the forecast period. Based on Form, the
market is segmented into filament, powder, liquid and ink. The filament segment
dominated the 3D Printing Plastics Market from 2017 and the powder segment is
expected to record the highest CAGR in the approaching years. On the
basis of Application, the market is divided into prototyping and
manufacturing. The prototyping segment controls the major market share in 2017
and the manufacturing segment is expected to develop at a high CAGR through the
forecast period. On the basis of End-Use Industry, the market
comprises of Aerospace & Defense, Automotive, Healthcare, Electrical &
Electronics. The healthcare segment of the market held the major market share
from 2017 and is likely to expand at a high CAGR through the forecast period.
The Regions shaping the market’s growth are Asia Pacific,
Europe, North America, Latin America, Middle East, and Africa.
Detailed Regional Analysis
The regional analysis of the 3D
Printing Plastics covers regions such as Asia Pacific, Europe, North America,
Latin America, Middle East and Africa. The North American region accounted for
the largest market share in the printing plastics market due the presence of
established competitors in the regions along with escalating demand for 3D
Printed Plastics. The positive adoption rates of 3D printing technologies are
projected to spur the growth of the market further. The Asia Pacific market is
observed to be the fastest rising region in the 3D Printing Plastics Market in
the forecast period. Improved demand stemming from end-user industries in the
market is expected to push the development of the market in the upcoming
period.
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