The 3D Printing Plastics Market size was valued at USD 1.18 billion in 2023 and is supposed to reach USD 6.68 billion by 2031 and develop at a CAGR of 24.2% over the forecast period 2024-2031.
The increased demand for rapid prototyping and customized production solutions across various industries is driving the 3D printing plastics market. This technology allows for shorter product development cycles and more cost-effective production, which boosts innovation and reduces the time to market for new items.
Get more information on the 3D Printing Plastics Market - Request a Sample Report
Material characteristics and performance limitations as compared to traditional manufacturing processes may limit the 3D printing plastics market. While progress is being made, certain businesses that require highly specialized materials and exacting mechanical qualities may find the technology's current constraints to be prohibitive.
The transition towards more sustainable and environmentally friendly production techniques creates an opportunity for the 3D printing plastics sector. As businesses seek more ecologically friendly solutions, the reduced waste creation and localized production potential of 3D printing align nicely with sustainability goals.
Prototyping is the most common application of 3D printing plastics worldwide. 3D printing plastics are primarily used in prototype applications to demonstrate how the 3D-printed object appears. The prototyping application is extremely beneficial in increasing the acceptance of 3D printing in several fields, for example, auto, aviation and security, medical care, training, and development.
Drivers
Increasing demand for customized products
Advancements in materials and 3D printing technologies
Increasing adoption of 3D printing technology in the automotive industry
The rising popularity of 3D printing technology in the automotive sector is a key driver of growth in the 3D Printing Plastics Market. This trend is fueled by the industry's increasing demand for innovative solutions and cost-effective manufacturing processes. As automotive manufacturers continue to embrace 3D printing for prototyping, tooling, and production parts, the market for 3D printing plastics is expected to expand significantly in the coming years.
Restraint
High costs associated with 3D printing technology
Opportunities
Increasing adoption of 3D printing technology across various end-use industries
Challenges
Global supply chain disruptions may impact the availability and price of raw materials
Global supply chain disruptions can have a significant impact on the availability and cost of raw materials, presenting a major challenge for the 3D Printing Plastics Market. This can lead to delays in production, increased costs, and potential shortages of materials needed for manufacturing.
The Russia-Ukraine crisis has had wide-reaching implications across various global industries, including the 3D printing plastics market. The conflict has led to significant disruptions in supply chains, fluctuations in raw material availability, and shifts in geopolitical alliances that directly impact this sector. As 3D printing plastics are derived from petrochemicals, the volatility in oil and gas markets, exacerbated by the crisis, has led to unpredictable price changes and supply uncertainties for key raw materials. This unpredictability can hinder the production schedules and cost structures of companies involved in 3D printing, potentially slowing down the growth of the market or altering competitive dynamics.
The ongoing economic crisis has multifaceted impacts on the 3D Printing Plastics Market, influencing both the demand and supply aspects of the industry. On the demand side, economic downturns often lead to budget cuts and reduced spending across various sectors, including those that heavily utilize 3D printing technologies such as automotive, aerospace, and healthcare. This demand reduction can slow the growth of the 3D printing plastics market, as businesses and consumers prioritize essential spending over investments in new technologies and materials. On the supply side, the economic crisis can lead to disruptions in the supply of raw materials required for producing 3D printing plastics, such as resin. These disruptions can be due to factors like reduced production capacity, logistic challenges, and fluctuations in raw material prices. Such challenges can increase the costs for manufacturers of 3D printing plastics and potentially lead to shortages of certain materials, affecting the market's ability to meet the demand effectively.
By Type:
Photopolymers
ABS & ASA
Polylactic Acid
Polyamide/Nylon
Others
Photopolymers type segment dominated the type segment of the 3D Printing Plastics Market with a revenue share of more than 55% in 2023 due to their high precision, versatile material properties, and rapid curing capabilities. Their ability to produce intricate details, along with advancements in formulations for enhanced mechanical properties, propelled the photopolymers segment, particularly in industries requiring fine surface finishes and fast production speeds.
By Form:
Powder
Filament
Liquid
The filament form segment dominated the form segment of the 3D Printing Plastics Market with a revenue share of more than 68%in 2023 due to the versatile properties of these materials, combined with a surge in demand from various industries such as food packaging, tableware, and disposable garments, are expected to drive demand over the forecast period.
By Application:
Prototyping
Tooling
Manufacturing
By End-Use Industry:
Healthcare
Automotive
Electronics & Consumer Goods
Others
The aerospace & defense segment held the largest revenue share in 2023 in the 3D Printing Plastics Market due to the increasing demand for lightweight and durable components in the industry.
North America dominated the 3D Printing Plastics Market with the highest revenue share of about 42% in 2023. One key factor contributing to North America's dominance in the 3D Printing Plastics Market is the region's strong focus on innovation and technological advancements. Additionally, the region's supportive regulatory environment and favorable government policies have created a conducive ecosystem for the growth of the 3D printing industry.
Asia Pacific is expected to hold a significant share of the 3D printing plastics market and is expected to grow significantly during the forecast period. The region boasts a robust manufacturing ecosystem and a burgeoning demand for 3D printing across diverse industries like automotive, healthcare, aerospace, and consumer goods. Additionally, the increasing adoption of 3D printing technologies by key players and the rising trend towards customized and on-demand manufacturing further drive the growth of the 3D printing plastics market in the region.
Get a Customized Report as per your Business Requirement - Request For Customized Report
REGIONAL COVERAGE:
North America
US
Canada
Mexico
Europe
Eastern Europe
Poland
Romania
Hungary
Turkey
Rest of Eastern Europe
Western Europe
Germany
France
UK
Italy
Spain
Netherlands
Switzerland
Austria
Rest of Western Europe
Asia Pacific
China
India
Japan
South Korea
Vietnam
Singapore
Australia
Rest of Asia Pacific
Middle East & Africa
Middle East
UAE
Egypt
Saudi Arabia
Qatar
Rest of the Middle East
Africa
Nigeria
South Africa
Rest of Africa
Latin America
Brazil
Argentina
Colombia
Rest of Latin America
The Key Players are 3D Systems Corporation, Stratasys, Inc., Covestro AG, Arkema S.A., Evonik Industries, BASF SE, Solvay S.A., Henkel, EOS GmbH Electro Optical Systems, SABIC & Other Players.
Stratasys, Inc-Company Financial Analysis
In November 2023, Stratasys Ltd., a leading provider of polymer 3D printing solutions, announced the release of four new P3 materials, including Somos® WeatherX™ 100. Additionally, they revealed the development of Kimya PC-FR and FDM HIPS-validated materials for the F900™.
In March 2022-, Keyland Polymer and polySpectra announced a partnership to introduce UVMax powder coatings to COR Alpha 3D printed parts, enabling advanced additive manufacturing with color customization and durability.
In Nov 2021, Covestro introduced four new materials at the Formnext 2021 trade fair, showcasing a variety of 3D printing technologies. Among the new materials are a soluble support material for Fused Deposition Modeling and Fused Filament Fabrication (FDM/FFF), a soft material for Selective Laser Sintering (SLS) with high energy return, and two highly flowable thermoplastic polyurethane (TPU) powders for SLS and High-Speed Sintering (HSS).
Report Attributes | Details |
---|---|
Market Size in 2023 | US$ 1.18 Billion |
Market Size by 2031 | US$ 6.68 Billion |
CAGR | CAGR of 24.2% From 2024 to 2031 |
Base Year | 2023 |
Forecast Period | 2024-2031 |
Historical Data | 2020-2022 |
Report Scope & Coverage | Market Size, Segments Analysis, Competitive Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook |
Key Segments | • by Type (Photopolymers, ABS & ASA, Polylactic Acid, Polyamide/Nylon, Others) • by Form (Powder, Filament, Liquid) • by Application (Prototyping, Tooling, Manufacturing) • by End-Use Industry (Aerospace & Defense, Healthcare, Automotive, Electronics & Consumer Goods, Others) |
Regional Analysis/Coverage | North America (US, Canada, Mexico), Europe (Eastern Europe [Poland, Romania, Hungary, Turkey, Rest of Eastern Europe] Western Europe] Germany, France, UK, Italy, Spain, Netherlands, Switzerland, Austria, Rest of Western Europe]), Asia Pacific (China, India, Japan, South Korea, Vietnam, Singapore, Australia, Rest of Asia Pacific), Middle East & Africa (Middle East [UAE, Egypt, Saudi Arabia, Qatar, Rest of Middle East], Africa [Nigeria, South Africa, Rest of Africa], Latin America (Brazil, Argentina, Colombia Rest of Latin America) |
Company Profiles | 3D Systems Corporation, Stratasys, Inc., Covestro AG, Arkema S.A., Evonik Industries, BASF SE, Solvay S.A., Henkel, EOS GmbH Electro Optical Systems, and SABIC. |
Key Drivers |
|
RESTRAINTS |
|
The growth rate of the 3D printing plastics market is 24.5% over the forecast period 2023-2030.
High assembling expenses of business grades of 3D printing plastics are the key challenge of the 3D printing plastics market.
The key players of the 3D printing plastics market are 3D Systems Corporation, Stratasys, Inc., Covestro AG, Arkema S.A., Evonik Industries, BASF SE, Solvay S.A., Henkel, EOS GmbH Electro Optical Systems, and SABIC.
3D printing plastics market is segmented into 3 types: By Type, By Form, By End-use Industry, and By Application.
Asia-Pacific region dominated the 3D printing plastics market.
TABLE OF CONTENTS
1. Introduction
1.1 Market Definition
1.2 Scope
1.3 Research Assumptions
2. Industry Flowchart
3. Research Methodology
4. Market Dynamics
4.1 Drivers
4.2 Restraints
4.3 Opportunities
4.4 Challenges
5. Impact Analysis
5.1 Impact of Russia-Ukraine Crisis
5.2 Impact of Economic Slowdown on Major Countries
5.2.1 Introduction
5.2.2 United States
5.2.3 Canada
5.2.4 Germany
5.2.5 France
5.2.6 UK
5.2.7 China
5.2.8 Japan
5.2.9 South Korea
5.2.10 India
6. Value Chain Analysis
7. Porter’s 5 Forces Model
8. Pest Analysis
9. Average Selling Price
9.1 North America
9.2 Europe
9.3 Asia Pacific
9.4 Latin America
9.5 Middle East & Africa
10. 3D Printing Plastics Market, By Type
10.1 Introduction
10.2 Trend Analysis
10.3 Photopolymers
10.4 ABS & ASA
10.5 Polylactic Acid
10.6 Polyamide/Nylon
10.7 Others
11. 3D Printing Plastics Market, By Form
11.1 Introduction
11.2 Trend Analysis
11.3 Powder
11.4 Filament
11.5 Liquid
12. 3D Printing Plastics Market, By Application
12.1 Introduction
12.2 Trend Analysis
12.3 Prototyping
12.4 Tooling
12.5 Manufacturing
13. 3D Printing Plastics Market, By End-Use Industry
13.1 Aerospace & Defense
13.2 Healthcare
13.3 Automotive
13.4 Electronics & Consumer Goods
13.5 Others
14. Regional Analysis
14.1 Introduction
14.2 North America
14.2.1 USA
14.2.2 Canada
14.2.3 Mexico
14.3 Europe
14.3.1 Eastern Europe
14.3.1.1 Poland
14.3.1.2 Romania
14.3.1.3 Hungary
14.3.1.4 Turkey
14.3.1.5 Rest of Eastern Europe
14.3.2 Western Europe
14.3.2.1 Germany
14.3.2.2 France
14.3.2.3 UK
14.3.2.4 Italy
14.3.2.5 Spain
14.3.2.6 Netherlands
14.3.2.7 Switzerland
14.3.2.8 Austria
14.3.2.9 Rest of Western Europe
14.4 Asia-Pacific
14.4.1 China
14.4.2 India
14.4.3 Japan
14.4.4 South Korea
14.4.5 Vietnam
14.4.6 Singapore
14.4.7 Australia
14.4.8 Rest of Asia Pacific
14.5 The Middle East & Africa
14.5.1 Middle East
14.5.1.1 UAE
14.5.1.2 Egypt
14.5.1.3 Saudi Arabia
14.5.1.4 Qatar
14.5.1.5 Rest of the Middle East
14.5.2 Africa
14.5.2.1 Nigeria
14.5.2.2 South Africa
14.5.2.3 Rest of Africa
14.6 Latin America
14.6.1 Brazil
14.6.2 Argentina
14.6.3 Colombia
14.6.4 Rest of Latin America
15. Company Profiles
15.1 3D Systems Corporation
15.1.1 Company Overview
15.1.2 Financials
15.1.3 Products/ Services Offered
15.1.4 SWOT Analysis
15.1.5 The SNS View
15.2 Stratasys, Inc.
15.2.1 Company Overview
15.2.2 Financials
15.2.3 Products/ Services Offered
15.2.4 SWOT Analysis
15.2.5 The SNS View
15.3 Covestro AG
15.3.1 Company Overview
15.3.2 Financials
15.3.3 Products/ Services Offered
15.3.4 SWOT Analysis
15.3.5 The SNS View
15.4 Arkema S.A.
15.4 Company Overview
15.4.2 Financials
15.4.3 Products/ Services Offered
15.4.4 SWOT Analysis
15.4.5 The SNS View
15.5 Evonik Industries
15.5.1 Company Overview
15.5.2 Financials
15.5.3 Products/ Services Offered
15.5.4 SWOT Analysis
15.5.5 The SNS View
15.6 BASF SE
15.6.1 Company Overview
15.6.2 Financials
15.6.3 Products/ Services Offered
15.6.4 SWOT Analysis
15.6.5 The SNS View
15.7 Solvay S.A
15.7.1 Company Overview
15.7.2 Financials
15.7.3 Products/ Services Offered
15.7.4 SWOT Analysis
15.7.5 The SNS View
15.8 Henkel
15.8.1 Company Overview
15.8.2 Financials
15.8.3 Products/ Services Offered
15.8.4 SWOT Analysis
15.8.5 The SNS View
15.9 EOS GmbH Electro Optical Systems
15.9.1 Company Overview
15.9.2 Financials
15.9.3 Products/ Services Offered
15.9.4 SWOT Analysis
15.9.5 The SNS View
15.10 SABIC
15.10.1 Company Overview
15.10.2 Financials
15.10.3 Products/ Services Offered
15.10.4 SWOT Analysis
15.10.5 The SNS View
16. Competitive Landscape
16.1 Competitive Benchmarking
16.2 Market Share Analysis
16.3 Recent Developments
16.3.1 Industry News
16.3.2 Company News
16.3.3 Mergers & Acquisitions
17. USE Cases and Best Practices
18. Conclusion
An accurate research report requires proper strategizing as well as implementation. There are multiple factors involved in the completion of good and accurate research report and selecting the best methodology to compete the research is the toughest part. Since the research reports we provide play a crucial role in any company’s decision-making process, therefore we at SNS Insider always believe that we should choose the best method which gives us results closer to reality. This allows us to reach at a stage wherein we can provide our clients best and accurate investment to output ratio.
Each report that we prepare takes a timeframe of 350-400 business hours for production. Starting from the selection of titles through a couple of in-depth brain storming session to the final QC process before uploading our titles on our website we dedicate around 350 working hours. The titles are selected based on their current market cap and the foreseen CAGR and growth.
The 5 steps process:
Step 1: Secondary Research:
Secondary Research or Desk Research is as the name suggests is a research process wherein, we collect data through the readily available information. In this process we use various paid and unpaid databases which our team has access to and gather data through the same. This includes examining of listed companies’ annual reports, Journals, SEC filling etc. Apart from this our team has access to various associations across the globe across different industries. Lastly, we have exchange relationships with various university as well as individual libraries.
Step 2: Primary Research
When we talk about primary research, it is a type of study in which the researchers collect relevant data samples directly, rather than relying on previously collected data. This type of research is focused on gaining content specific facts that can be sued to solve specific problems. Since the collected data is fresh and first hand therefore it makes the study more accurate and genuine.
We at SNS Insider have divided Primary Research into 2 parts.
Part 1 wherein we interview the KOLs of major players as well as the upcoming ones across various geographic regions. This allows us to have their view over the market scenario and acts as an important tool to come closer to the accurate market numbers. As many as 45 paid and unpaid primary interviews are taken from both the demand and supply side of the industry to make sure we land at an accurate judgement and analysis of the market.
This step involves the triangulation of data wherein our team analyses the interview transcripts, online survey responses and observation of on filed participants. The below mentioned chart should give a better understanding of the part 1 of the primary interview.
Part 2: In this part of primary research the data collected via secondary research and the part 1 of the primary research is validated with the interviews from individual consultants and subject matter experts.
Consultants are those set of people who have at least 12 years of experience and expertise within the industry whereas Subject Matter Experts are those with at least 15 years of experience behind their back within the same space. The data with the help of two main processes i.e., FGDs (Focused Group Discussions) and IDs (Individual Discussions). This gives us a 3rd party nonbiased primary view of the market scenario making it a more dependable one while collation of the data pointers.
Step 3: Data Bank Validation
Once all the information is collected via primary and secondary sources, we run that information for data validation. At our intelligence centre our research heads track a lot of information related to the market which includes the quarterly reports, the daily stock prices, and other relevant information. Our data bank server gets updated every fortnight and that is how the information which we collected using our primary and secondary information is revalidated in real time.
Step 4: QA/QC Process
After all the data collection and validation our team does a final level of quality check and quality assurance to get rid of any unwanted or undesired mistakes. This might include but not limited to getting rid of the any typos, duplication of numbers or missing of any important information. The people involved in this process include technical content writers, research heads and graphics people. Once this process is completed the title gets uploader on our platform for our clients to read it.
Step 5: Final QC/QA Process:
This is the last process and comes when the client has ordered the study. In this process a final QA/QC is done before the study is emailed to the client. Since we believe in giving our clients a good experience of our research studies, therefore, to make sure that we do not lack at our end in any way humanly possible we do a final round of quality check and then dispatch the study to the client.
The Agricultural Textiles Market was valued at USD 15.8 billion in 2023 and will reach USD 24.3 billion by 2032 and grow at a CAGR of 4.9% by 2024-2032.
The Greenhouse Film Market was valued at USD 7.01 billion in 2023 and is expected to reach USD 13.76 billion by 2032 and grow at a CAGR of 7.10% over the forecast period 2024-2032.
Medical Device Coating Market Size was valued at USD 13.9 Billion in 2023 and is expected to reach USD 27.6 Billion by 2032 and grow at a CAGR of 7.9% over the forecast period 2024-2032.
Structural Health Monitoring Market was valued at USD 2.37 billion in 2022 and is predicted to increase at a CAGR of 14.4% from 2023 to 2030, to reach USD 6.98 billion.
The Biotech Ingredients Market Size was valued at USD 2.2 billion in 2023 and will reach USD 4.3 billion by 2032 and grow at a CAGR of 7.8% by 2024-2032.
The Bioinsecticides Market Size was valued at USD 99.4 million in 2023, and is expected to reach USD 258.3 million by 2032, and grow at a CAGR of 11.2% over the forecast period 2024-2032.
Hi! Click one of our member below to chat on Phone