3D printing also known as additive manufacturing is a process of producing three dimensional objects from a digital source file. Objects can be made using 3D printing plastics in the form of filament, powder or photopolymers. Based on the material form, the photopolymers market segment will account for the largest share in the global 3D printing plastics whereas powder segment is forecast to remain the most attractive segment during the long term forecast. Key application areas 3D Printing Plastics are healthcare, consumer electronics, automotive, consumer goods & jewelry, aerospace & defense and others.
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The key growth driving factors in the global 3D Printing Plastics market is their use in prototyping automotive and aircraft parts, and in the healthcare sector where 3D printing plastics can be used for making implants and Prosthetics. Lighter automotive are directed towards higher fuel efficiencies. Technologies resulting from the aerospace industry and racing cars has had a huge impact in the production of commercial and passenger vehicles. With exhausting fossil fuels, the shifting trend towards lighter automotive has been the key areas of focus of the research & development divisions across the stakeholder in automotive manufacturing. The use of 3D printing plastics in manufacturing not only reduces wastage of raw materials but also gives the design engineer the flexibility of developing making complex engineering parts. A number of small enterprises have been researching for making 3D printing a viable solution in industrial manufacturing. This rising expenditures, where the United States accounts for a larger market share followed by Europe and then emerging Asia, will further push the demand growth for 3D Printing Plastics. The global manufacturing sector has experienced an upward trend since its downfall during the economic crisis during 2008-2009. Since then the sector has witnessed new regulations, technologies, and safety standards. Investments towards development of 3D printing plastics has been on a rise. Key stakeholders are developing materials and technologies to further leverage the advantages of 3D printing. Factors such as lack of consumer friendly 3D printing plastics printers and market acceptance in developing countries are some of the factors impacting the demand in of 3D printing plastics.
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Based on geographies, the global 3D Printing Plastics market is segmented into seven regions including North America, Latin America, Europe, CIS & Russia, Japan, APEJ (the Asia Pacific excluding Japan) and MEA. Among the above-mentioned regions, North America and Europe are estimated to account for more than 35% of global 3D Printing Plastics consumption with key producers having their 3D Printing Plastics manufacturing facilities in the regions. Asia-Pacific excluding Japan on the back of China and other emerging economies is anticipated to witness a medium to high growth in the global 3D Printing Plastics market during the long term forecast. Moreover, North America followed by Europe are projected to showcase moderate growth in the global 3D Printing Plastics market with Japan following a trend similar to these regions. Middle East & Africa and Latin America account for a mere single digit market share in terms of 3D Printing Plastics demand.
3D Printing Plastics Market: Prominent players
Prominent players for the global 3D Printing Plastics market are BASF SE, SABIC, Solvay SA, Evonik Industries AG, Arkema SA, DowDuPont Inc. DSM Engineering Plastics, etc. The 3D Printing Plastics market consists of well-diversified global and regional players with the global vendors are ruling the market.
The research report presents a comprehensive assessment of the 3D Printing Plastics market and contains thoughtful insights, facts, historical data and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The 3D Printing Plastics market report provides analysis and information, according to market segments such as geographies, application and industry.
The 3D Printing Plastics report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The 3D Printing Plastics report provides an in-depth analysis of parent market trends, macroeconomic indicators and governing factors along with market attractiveness as per segments. The 3D Printing Plastics report also maps the qualitative impact of various market factors on market segments and geographies.
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