At 20.4% CAGR, Asia Pacific Plastics for SLS 3D Printing Market is Projected to be Worth US$ 118.13 Million by 2030, Says Business Market Insights

According to Business Market Insights' research, the Asia Pacific plastics for SLS 3D printing market was valued at US$ 26.74 million in 2022 and is expected to reach US$ 118.13 million by 2030, registering a CAGR of 20.4% from 2022 to 2030. Growing demand for lightweight and durable parts in various industries and growing demand for lightweight and durable parts in various industries are among the critical factors attributed to the Asia Pacific plastics for SLS 3D printing market expansion.

Plastic parts manufactured using SLS technology offer a compelling combination of lightweight design and exceptional durability, and this versatility has recently found notable applications across various industries. In aerospace, where reducing weight is a paramount concern for improving fuel efficiency, SLS-produced plastic components have gained traction. For instance, Airbus has integrated SLS 3D-printed plastic parts into their A350 XWB aircraft, including brackets and ducting components, which contribute to weight reduction without compromising strength or safety. The automotive industry has also embraced SLS plastic parts. Automakers such as BMW have used SLS technology to create lightweight and durable plastic components for their vehicles, including customized parts for the BMW i8 Roadster. These parts help reduce the overall weight of the car, enhancing its performance and fuel efficiency. Furthermore, in consumer goods, SLS plastic parts have made a significant impact. Companies such as Adidas have employed SLS 3D printing to produce customized midsoles for athletic shoes. These midsoles are not only lightweight but also designed to provide superior cushioning and support tailored to an individual's foot, enhancing comfort and performance. Hence, the strong growth in the demand for lightweight plastic parts from various industries is driving the need for plastic for SLS 3D printing, thereby fueling the market growth.

On the contrary, high cost of SLS-compatible plastics hampers the growth of Asia Pacific plastics for SLS 3D printing market.

Based on type, the Asia Pacific plastics for SLS 3D printing market is categorized into polyamide, thermoplastic polyurethane (TPU), polyether ether ketone (PEEK), and others. The polyamide segment held 73.1% share of the Asia Pacific plastics for SLS 3D printing market in 2022, amassing US$ 19.55 million. It is projected to garner US$ 88.47 million by 2030 to expand at 20.8% CAGR during 2022-2030.

By end-use industry, the Asia Pacific plastics for SLS 3D printing market is segmented into healthcare, aerospace & defense, automotive, electronics, and others. The electronics segment held 25.0% share of Asia Pacific plastics for SLS 3D printing market in 2022, amassing US$ 6.70 million. It is projected to garner US$ 31.17 million by 2030 to expand at 21.2% CAGR during 2022-2030.

Based on country, the Asia Pacific plastics for SLS 3D printing market is categorized into Australia, China, India, Japan, South Korea, and the Rest of Asia Pacific. China held 36.2% share of Asia Pacific plastics for SLS 3D printing market in 2022, amassing US$ 9.67 million. It is projected to garner US$ 44.46 million by 2030 to expand at 21.0% CAGR during 2022-2030.

Key players operating in the Asia Pacific plastics for SLS 3D printing market are 3D Systems Corp, BASF SE, Evonik Industries AG, Arkema SA, Ensinger GmbH, Stratasys Ltd, and EOS GmbH, among others.

• In February 2023, 3D Systems introduced a novel High-Speed Fusion industrial 3D printer platform and material portfolio, which was developed in collaboration with Jabil Inc.
  
  

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