Market Research Future Published a Half-Cooked Research Report on 3D Printing Plastics Market Research Report – Global Forecast till 2023
Global 3D Printing Plastics Market is growing dramatically over recent years, mainly due to the rising adoption of 3D printing technology across industries. 3D printing technology is evolving rapidly with the introduction of different types of polymers and materials that can be used for printing purposes. While, due to superior properties, such as excellent strength & durability, toughness & flexibility, lightweight & minimal shrinkage, and high-temperature resistance, of plastic materials, are extensively consumed in the manufacturing of various high-performance components & materials to be used in multiple industrial applications.
According to Market Research Future (MRFR), the valuation of the Global 3D Printing Plastics Market is projected to reach over USD 1,700 MN by 2023, registering a whopping double-digit CAGR of 23.3% throughout the forecast period (2017 – 2023). In 2017, the market had touched a valuation of USD 530.5 MN. 3D Printing Plastics perceive a vast market demand, which leads to increasing the size and the value of its market on the global front. The versatility of plastic material as a printing medium is boosting its application rate in the 3D Printing Market.
Besides, increasing usages of recycled plastic as a printing material in 3D printers and growing demand for 3D printed plastic components are anticipated to propel the growth of the global 3D printing plastics market during the assessment period. The rising popularity of 3D printing technology in end-use industries such as automotive, science, and industrial sectors is expected to push the market growth in the upcoming years. Advancements in industrial procedures and forward integration of key polymer manufacturers are favoring the growth of the market.
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On the other hand, environmental regulations related to the disposal of 3D printed plastic products are significant factors impeding the market growth. Also, the lack of adoption of new technologies in the APAC and MEA regions is estimated to slow down the growth of the 3D printed plastics market. Nevertheless, the rising demand for composite grade 3D printing plastics in several industrial applications would support market growth over the review period.
3D Printing Plastics Market – Competitive Analysis
Highly competitive, the 3D Printing Plastics Market appears to be fragmented, with the presence of several large and small-scale players. These industry players strive to increase their production capacity and develop new products. To meet their goals players, make substantial R&D investments for the development of new products & technologies. To strengthen their market presence, players expand the distribution network and regional footprints. This also allows them to form collaborations with other players and incorporate strategic initiatives such as mergers & acquisitions, partnerships, and expanding product portfolio.
Major Players:
Players Leading the Global 3D Printing Plastics Market include 3D Systems, Inc. (the U.S.), Stratasys Ltd. (the U.S.), BASF SE (Germany), Arkema Group (France), Evonik Industries AG (Germany), Royal DSM N.V. (The Netherlands), SABIC (Saudi Arabia), EOS GmbH Electro Optical Systems (Germany), HP Development Company, L.P. (the U.S.), Materialise (Belgium), DowDuPont, Inc. (the U.S.), Clariant (Switzerland), CRP Group (the U.S.), Oxford Performance Materials (the U.S.), and ENVISIONTEC, INC. (Germany), among others.
Industry/ Innovation/ Related News
February 3, 2020 —– Skyrora Ltd. (the UK), a start-up developing a new launch vehicle for small satellites, announced the successful testing of its new rocket engines in the first stationary ground-firings. 3D-printed rocket engines tested are powered by plastic waste, which is a huge step on the way toward developing its launch vehicle.
November 14, 2019 —– BASF SE (Germany), one of the largest chemical producers in the world, announced the acquisition of Sculpteo (France), a 3D printing service bureau by its unit BASF New Business GmbH (BNB). The addition would help BASF 3D Printing Solutions GmbH (B3DPS), a subsidiary of BNB dedicated to additive manufacturing, market, and produce new 3D printing materials at a faster pace.
Browse Key Industry Insights spread across 100 pages with market data tables & figures & charts from the report, “3D Printing Plastics Market Information: 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 – Growth Potential, Price Trends, Competitive Market Share & Forecast 2023” in detail along with the table of contents: https://www.marketresearchfuture.com/reports/3d-printing-plastics-market-6741
3D Printing Plastics Market – Segments
The report has been segmented into five major dynamics.
By Type : Photopolymer, Acrylonitrile Butane Styrene, Polyamide, Polylactic Acid, and others.
By Form: Filament, Powder, Liquid/Ink
By Application: Prototyping, Manufacturing
By End-use Industry: Healthcare, Aerospace & Defense, Automotive, Electrical & Electronics.
By Regions: Europe, Americas, Asia Pacific, Middle East & Africa, and Rest-of-the-World.
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Global 3D Printing Plastics Market – Regional Analysis
North America dominates the Global 3D Printing Plastics Market. The region accounts for the largest market share due to the presence of established market players in the region and the augmenting demand for 3D printed plastics. Besides, significant adoption rates of 3D printing technologies are projected to spur the regional market growth further. Also, factors such as the well-established 3D printing manufacturing industries and the presence of well-penetrated aerospace and automotive sectors in the region are substantiating the growth in the regional market.
The 3D Printing Plastics Market in the European region is increasing rapidly. The presence of a well-developed automotive and aerospace industry drives the growth of the regional market. High automobile production and government initiatives are some of the key factors fostering market growth in the region.
The Asia Pacific region is a rapidly growing market for 3D Printing Plastics. The market growth attributes to the high demand from the aerospace and automotive manufacturing sector due to the lightweight properties of plastics. Thus, the burgeoning automobiles and aerospace & aircraft manufacturing sectors in the region drive the growth of the market, hugely.
Furthermore, the raw material advantage is acting as a dominant driving force for the regional market growth, increasing the production units across the APAC. Additionally, substantial investments to expand 3D printing capabilities in rapidly developing APAC economies such as India, China, Japan, and South Korea are allowing the APAC 3D Printing Plastics Market to remain among the top leaders.
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