Growing investments in these business sectors coupled with favorable government support are likely to benefit the overall demand growth for 3D printing plastics.
The global 3D printing plastics market size is projected to reach nearly USD 450.1 million in 2020. 3D printing, also known as additive manufacturing, is in great demand in the worldwide market since it is more efficient than other traditional production processes. 3D printing facilitates manufacturing by lowering project time, effort, and prices. Furthermore, creating a prototype does not necessitate the use of specialist tools. Additionally, additive manufacturing removes numerous tooling-related limits on geometries that may be obtained through the conventional manufacturing technique.
The high manufacturing cost of 3D printed plastic parts, on the other hand, is impeding the total market's growth. The initial cost of purchasing 3D printing equipment is significant. Commercial grade equipment is a high-capital-intensity investment. Furthermore, the price of 3D printing materials and polymers are greater since they are premium grades created, especially for 3D applications in diverse end-use sectors.
Furthermore, the growing number of positive COVID-19 cases throughout the world is driving a surge in the 3D printing plastics industry. Since the breakout of COVID-19, there has been an increase in demand for medical components such as face shields, masks, ventilator valves, and others. Furthermore, the supply deficit of medical components as a result of rising demand from around the world as a result of COVID-19 is driving the development of 3D printing. 3D printing is suitable for bridging the short-term supply gap because it enables on-demand manufacture, customization, and fast adjustments to meet the demands of various hospitals, doctors, and personal protective equipment users. It offers mass customization for the same or similar costs per unit.
The study also assesses the demand using value chain analysis to highlight the different characteristics of the global 3D printing plastics industry. Furthermore, the 3D printing plastics market report covers various qualitative aspects of the industry, such as market restraints, key industry drivers, and opportunities. In addition, the report offers a comprehensive analysis of the competition by company profiles and the competitiveness of local and global vendors.
In 2019, the photopolymers type segment led the market, accounting for more than 59 percent of the revenue share. Photopolymers are soluble liquid solutions comprising a monomer, a polymer base, and oligomers, as well as a photo initiator. They are light-sensitive polymeric materials that change their physical and chemical characteristics when exposed to light. The process is started by ultraviolet light, which affect the characteristics of photopolymers. They are widely used in a variety of printing processes, including as inkjet, polyjet, and 3D jetted printing.
Key Segments of the Global 3D Printing Plastics Market
Type Overview, 2018-2028 (USD Billion)
- ABS
- Photo polymer
- Poly amide
- PLA
Type Overview, 2018-2028 (USD Billion)
- Filament
- Liquid/Ink
- Powder
Application Overview, 2018-2028 (USD Billion)
- Healthcare
- Aerospace & Defense
- Automotive
- Electrical & Electronics
- PLAs
North America
- U.S.
- Canada
Europe
- UK
- Germany
- France
- Rest of Europe
Asia Pacific
- China
- Japan
- India
- Rest of Asia-Pacific
Middle East and Africa
- UAE
- South Africa
- Rest of Middle East and Africa
South America
- Brazil
- Rest of South America