Plastics used in 3D printing have a wide range of end uses. Every method satisfies various mechanical, physical, and aesthetic criteria required for a particular design. Based on the type, the 3D printing plastics market is divided into polyamide, photopolymer, polylactic acid, ABS, and ASA, among others.
The most popular 3D printing material, ABS filament is used to make the casings for smartphones, appliances, and vehicle bodies. Because it is thermoplastic and comprises elastomers based on polybutadiene, it is more elastic and shock-resistant.
In recent years, the 3D printing plastics market has witnessed a series of product launches and approvals that have contributed to its growth.
DataM Intelligence's in-depth market analysis reveals the major market drivers, challenges, and trends. Our market intelligence report evaluates the market size, growth, and share, providing crucial insights for businesses to make informed decisions and capitalize on the existing and upcoming opportunities in the 3D printing plastics market.
Market Size and Growth Rate:
The 3D Printing Plastics Market is expected to reach a CAGR of 21.2% during the forecasting period 2023-2030. One of the most important factors anticipated to fuel the expansion of the 3D printing plastics market is the expanding availability of materials for 3D printing plastics as a result of the forward integration of big polymer firms.
Exploring the 3D Printing Plastics Market Dynamics and Trends
The primary driving force behind the market's expansion internationally is the rising demand for composite grades of 3D printing plastics in a variety of applications and government measures to boost the use of 3D printing technologies globally.
Nations must involve their whole government if they are to achieve the 3D printing industry's enormous economic potential in the fully digitalized future. With a goal to spend USD 245 million over the next seven years to accelerate the development of 3D printing, the Chinese government is actively advancing the national agenda on the technology.
A digital transformation of the global industrial sector is now possible because of the 3D printing industry's present technical and financial inflection point. The nations that take steps to adopt it will guarantee their position at the head table of global leadership and innovation for a long time.
One of the main obstacles to global expansion is the usage of plastics, which raises environmental concerns.
Major Key Players:
The key players are adopting various key strategies such as product launches, collaborations, mergers, and acquisitions, contributing to the growth of the 3D Printing Plastics Market.
- BASF 3D Printing Solutions GmbH
- 3D Systems Corporation
- Oxford Performance Materials
- Eos GmbH Electro Optical Systems
To better understand the global 3D printing plastics market, its opportunities, and challenges, we invite you to request a sample report from DataM Intelligence. This comprehensive report will provide valuable insights into the market dynamics, helping business decision-makers, investors, CXOs, and R&D professionals make informed decisions in this rapidly evolving industry.
