3D Printing Plastics Market Research Report by Type (Photopolymer, Acrylonitrile Butane Styrene, Polyamide, Polylactic Acid, Others), Form (Filament, Powder, Liquid/Ink), Application (Prototyping, Manufacturing), End-Use Industry (Healthcare, Aerospace & Defense, Automotive, Electrical & Electronics) and Region Forecast to 2030

3D Printing Plastics Market Overview

3D Printing Plastics Market is expected to surpass the market value of over USD 5384.47 million by the year 2027 while registering a CAGR of 27.20% during the forecast period.

3D printing plastics are classified as polyamide, photopolymer, polylactic acid, and significant others. They are specially used in automotive, appliances, mobile phone cases, and other consumer goods. These kinds of plastics are used as they are highly flexible and act as shock-resistant in major applications. The 3D printing plastics are intensively used in the health care industries, as they are easily sterilizable, biocompatible, and possess favorable characteristics such as chemical, thermal and mechanical properties. The demand for lightweight components is higher in several end-user industries such as automotive, dentistry, and significant others. These 3D printing plastics effectively reduce the weight of the overall vehicle while increasing fuel optimization and performance. 

 

The market trend of 3D printing is because of the increasing manufacturing processes and the higher demand for the components and parts in the end-user industries such as consumer electronics, pharmaceuticals, automotive and significant others. Therefore the 3D printing plastics industry is expected to witness growth with 16.4% CAGR during the forecast period.

 

COVID 19 Analysis:

 

The COVID 19 has brought in severe disruption in the manufacturing industries, the production rates were reduced and the stringent regulations of movement also affected some of the key industries. The government norms and measures have also affected the overall production of 3D printing materials across the globe. However, the increasing demand for the healthcare industry across the globe and the demand for effective alternatives in the medical industry have impacted the 3D printing plastics market growth. The demand for prosthetics and dentistry and other medical products requiring customization and quality were supporting the overall growth of the 3D printing plastics industry.

 

Market dynamics:

 

 Market drivers:

 

The 3D printing plastics showcase favorable characteristics such as precision, flexibility, speed, and fuel optimization in the manufacturing industries. Such benefits associated with the technology are considered as the major driver of the 3D printing plastics market growth.

 

The easier way of manufacturing complex parts in the end-user industries such as automotive are also making the manufacturing processes easier and are reducing the production costs. The increasing demand for disposable beverages and food packages, which intensively utilize polycarbonate, ABS, and other inexpensive 3D printing plastics are some of the major drivers of 3D printing plastics market growth.

 

 Market opportunities:

 

The advancing development in technology and the inexpensive raw materials which are abundantly available combined with the increased awareness are providing a lucrative opportunity for the overall growth of the 3D printing plastics industry during the forecast period.

 

Polylactic acid is considered the most economical and safe ingredient used in the 3D printing plastics industry, as they are considered the most environmentally friendly product as they are manufactured from corn and cane. Therefore the developed countries are utilizing this component in the major application as they imbibe the regulations imposed by the government of these developed countries. Moreover, the rapid expansion of the potential end-user such as automotive, aerospace, electrical, construction, and electronics are also presenting a lucrative opportunity for the overall growth of the 3D printing plastics industry.

 

Market restraints:

 

The higher costs associated with the manufacturing sector and the selling price of the end products is considered as the major restraint of the 3D printing plastics market growth.

 

The costs of the materials used and the requirement of the higher standard composition of the materials used are also considered as the major restraint of the 3D printing plastics market growth.

 

 Market challenges:

 

The key challenge for the 3D printing plastics industry is that there is no standardization in the entire process. The high-end machines used in the manufacturing of the components also incur sizeable financial distress on the manufacturers. 

 

The environmental concerns associated with the additive manufacturing processes as they increase the landfills and the inexpensive plastics used to make it more convenient to increase the landfills. Such factors are also considered as the major challenge for 3D printing plastics market growth.

 

 Cumulative growth analysis:

 

The 3D printing plastics market growth is highly influenced by the potential end-user industries. The market value of the 3D printing plastics industry was at USD 713.7 million in the year 2020 and it is expected to surpass the market value of over USD 5384.47 million by the year 2027 while registering a CAGR of 27.20% during the forecast period. The government of several developed countries is stimulating the 3D printing plastics market growth, which is due to their potential benefits in saving energy and fuel. Therefore the manufacturing sectors are intensively utilizing 3D printing plastics for manufacturing the key components and devices. 

 

The filament form of the 3D printing plastics are gaining momentum in major end-user industries, and are expected to grow with 18% CAGR during the forecast period. The commercial and general manufacturing sectors utilize the filament form of 3D printing plastics which significantly increases the 3D printing plastics market growth.

 

Value chain analysis:

 

The growing demand in the healthcare industry, automotive industry, and increasing investments in these sectors are considered as the major drivers of the 3D printing plastics market growth. The automotive manufacturers are intensively looking for varied options to reduce the weight of the vehicle and the manufacturing costs incurred for manufacturing the key components. The 3D printing plastics industry has supported the automotive industry with potential benefits such as lightweight components, enhanced fuel optimization, reduced maintenance costs, and improved quality of the tools, and so on. The utilization of these 3D printing plastics allows the automotive manufacturers to test and validate the vehicle parts that go into the intensive manufacturing processes, thereby reducing the production and test processes. 

 

Also, the 3D printing plastics have enhanced the customization of the automotive parts and effectively reduce the manufacturing costs as well. On the other hand, they are utilized in the healthcare industry as well. The increasing demand for orthopedic and dental implants is stimulating the overall growth of the 3D printing plastics industry. Similarly, the demand for medical devices and equipment is also driving the 3D printing plastics market growth significantly. 

 

Segment overview:

 

Based on Product:

 

• Photopolymer


• Polylactic Acid (PLA)


• ABS


• Polyamide


• Others

 

Based on Form:

 

• Filament


• Powder


• Liquid/Ink

 

Based on Application:

 

• Healthcare


• Automotive


• Aerospace & Defense


• Electrical & Electronics


• Others

 

Based on Type:

 

• ABS and ASA


• Photopolymers


• Polyamide/Nylon


• Others

 

Based on technology:

 

• FDM


• DMLS


• SLS


• Others

 

Regional analysis:

 

The Asia-pacific region is currently witnessing a higher market growth rate in the 3D printing plastics industry, which is due to the potential end-user industries across the region like automotive, electronics, and electrical. The governmental support for the development of these industries such as “Made in China 2025”, “Automobile industry mid and Long-term development plan” and “Make in India” is also increasing the overall growth of the 3D printing plastics industry. Also, the demand for medical devices in the region is impacting the overall growth of the 3D printing plastics industry. Especially the biocompatibility property of the 3D printing plastics is essential for the manufacturing of medical devices. Such factors are considered as the major drivers of the 3D printing plastics market growth in recent years.

The 3D printing materials are largely used in the defense, aerospace, and other crucial industries, where the demand is always higher. Additionally, the governmental funding for these sectors is rapidly increasing. 

 

The advancement in the healthcare industry and dentistry as these 3D printing plastics are used as dental implants are significantly increasing the overall growth of 3D printing plastics in the developed regions. 

 

Competitive landscape:

 

• 3D Systems Corporation (US)


• Royal DSM N.V. (Netherlands)


• General Electric (US)


• Stratasys, Ltd. (US)


• Hoganas AB (Sweden)


• Materialise NV (Belgium)


• The ExOne Company (US)


• Arkema SA (France)


• Evonik Industries AG (Germany)

 

 Recent developments:

 

November 2021 - Henkel introduces SLA 3D printing resin, bolstering its series of high-performance and quality photopolymer resins for the VAT polymerization technology. Adding the latest resin for the Stereolithography technology will help the company leverages opportunities for the coming stage of industrial quality systems and solutions, which are reliable and scalable.
Loctite 3D IND408 has been developed for SLA Vat printers, which facilitates effective production of components with isotropic properties as well as low moisture absorption. The unique formulation is useful in extremely fast print speeds. The printed components contain fine features as well as glossy and smooth surface finish, rendering them perfect for design visualization.

October 2021 - Evonik, one of the biggest developers of specialty chemicals in the world, has been striving to foster its 3D printing materials portfolio. With INFINAM RG 3101 L along with INFINAM FL 6300 L, the company has come up with two photopolymers for applications in industrial 3D printing. Both these synthetic resins are compatible with the photopolymer 3D printing processes including SLA and DLP.


In the year 2021, one of the leading market players, Essentium has introduced high-speed extrusion technology in the 3D printing technique that helped the industry to increase the quality of the processes and upgrade themselves to extensive applications. This technology uses linear servo motors and the printer used in the company, HSE 3D printer efficiently handles the scaling issues, strength, and speed-related issues. Therefore they can cater to huge quantities with accuracy.

 

In the year 2019, one of the leading OEMs named 3D printer systems and German Automotive R&D have announced their partnership, due to which they have brought in exclusive “first-to-market” additive solutions.

 

Report overview:

 

 This report has covered:

• Market overview


• COVID 19 Analysis


• Market dynamics


• Cumulative growth analysis


• Value chain analysis


• Segment overview


• Regional analysis


• Competitive landscape


• Recent developments

 

Segmentation Table:

 

Based on Product:

 

• Photopolymer


• Polylactic Acid (PLA)


• ABS


• Polyamide


• Others

 

Based on Form:

 

• Filament


• Powder


• Liquid/Ink

 

Based on Application:

 

• Healthcare


• Automotive


• Aerospace & Defense


• Electrical & Electronics


• Others

 

Based on Type:

 

• ABS and ASA


• Photopolymers


• Polyamide/Nylon


• Others

 

Based on technology:

 

• FDM


• DMLS


• SLS


• Others

Report Scope:

Report Attribute/Metric	Details
Market Size	2028: USD 3.95 Billion
CAGR	24.89% (2022–2030)
Base Year	2021
Forecast Period	2022-2030
Historical Data	2019 & 2020
Forecast Units	Value (USD Billion)
Report Coverage	Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
Segments Covered	By Type, Form, End-Use Industry and Region
Geographies Covered	North America, Europe, Asia-Pacific, and Rest of the World (RoW)
Key Vendors	3D Systems, Inc. (the U.S.), BASF SE (Germany), Stratasys Ltd. (the U.S.), Arkema Group (France), Royal DSM N.V. (The Netherlands), Evonik Industries AG (Germany), SABIC (Saudi Arabia), HP Development Company, L.P. (the U.S.), EOS GmbH Electro Optical Systems (Germany), Materialise (Belgium), Clariant (Switzerland), DowDuPont, Inc. (the U.S.), CRP Group (the U.S.), ENVISIONTEC, INC. (Germany), and Oxford Performance Materials (the U.S.).
Key Market Opportunities	3D Printing Technology is developing rapidly with the introduction of different types of polymers and materials
Key Market Drivers	Utilization of recycled plastic as a printing material in 3D printers and increasing demand for 3D printed plastic components for casting

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