At 18.5% CAGR, North America Plastics for SLS 3D Printing Market is Projected to be Worth US$ 214.68 Million by 2030, Says Business Market Insights

According to Business Market Insights' research, the North America plastics for SLS 3D printing market was valued at US$ 55.17 million in 2022 and is expected to reach US$ 214.68 million by 2030, registering a CAGR of 18.5% from 2022 to 2030. Adoption of recyclable materials for SLS 3D printing and growing demand for lightweight and durable parts in various industries are among the critical factors attributed to the North America plastics for SLS 3D printing market expansion.

The adoption of more recyclable SLS materials and processes in the North America plastic for SLS 3D printing market is anticipated to play a significant role in aligning with sustainability goals and reducing environmental impact. This trend is driven by a rising awareness of the environmental footprint of manufacturing processes and a desire to minimize waste. For instance, a few companies are working on SLS-compatible plastics that can be reprocessed and reused in new prints, reducing material waste and cutting down on the need for virgin materials. Bluesint process involves a dual laser powder bed fusion system that heats recycled sintering powder prior to the process. The process is claimed to achieve a 100% recycling rate. This "closed-loop" approach is in line with the circular economy concept, promoting sustainability by reducing the consumption of new resources. Furthermore, there is an increasing focus on optimizing SLS processes to make them more energy-efficient. The advances in SLS machine design and printing parameters aim to reduce energy consumption while maintaining high-quality output. This shift toward more sustainable SLS materials and practices benefits the environment as well as aligns with the sustainability goals of many industries. It allows businesses to reduce their environmental impact while embracing the advantages of SLS 3D printing, making it beneficial for both manufacturing efficiency and eco-conscious practices. As sustainability remains a top priority across industries, the adoption of recyclable SLS materials and eco-friendly processes is expected to remain a future trend. Thus, the adoption of recyclable materials for SLS 3D printing is projected to boost the North America plastic for SLS 3D printing market growth in the coming years.

On the contrary, high cost of SLS-compatible plastics hamper the growth of North America plastics for SLS 3D printing market.

Based on type, the North America plastics for SLS 3D printing market is categorized into polyamide, thermoplastic polyurethane (TPU), polyether ether ketone (PEEK), and others. The polyamide segment held 72.0% share of the North America plastics for SLS 3D printing market in 2022, amassing US$ 39.71 million. It is projected to garner US$ 158.04 million by 2030 to expand at 18.8% CAGR during 2022-2030.

By end-use industry, the North America plastics for SLS 3D printing market is segmented into healthcare, aerospace & defense, automotive, electronics, and others. The electronics segment held 26.1% share of North America plastics for SLS 3D printing market in 2022, amassing US$ 14.42 million. It is projected to garner US$ 58.53 million by 2030 to expand at 19.1% CAGR during 2022-2030.

Based on country, the North America plastics for SLS 3D printing market is categorized into the US, Canada, and Mexico. The US held 82.5% share of North America plastics for SLS 3D printing market in 2022, amassing US$ 45.53 million. It is projected to garner US$ 179.98 million by 2030 to expand at 18.7% CAGR during 2022-2030.

Key players operating in the North America plastics for SLS 3D printing market are 3D Systems Corp, BASF SE, Evonik Industries AG, Arkema SA, Ensinger GmbH, Stratasys Ltd, Sinterit Sp Zoo, EOS GmbH, and CRP Service SRL, among others.

• In April 2023, Stratasys acquired Covestro AG materials to expand its differentiated 3D printed materials offering in stereolithography, DLP, and powders to address more manufacturing industry applications.
  
  
• 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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