At 17.1% CAGR, South & Central America Plastics for SLS 3D Printing Market is Projected to be Worth US$ 13.63 Million by 2030, Says Business Market Insights

According to Business Market Insights' research, the South & Central America plastics for SLS 3D printing market was valued at US$ 3.85 million in 2022 and is expected to reach US$ 13.63 million by 2030, registering a CAGR of 17.1% 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 South & Central America plastics for SLS 3D printing market expansion.

The adoption of more recyclable SLS materials and processes in the global 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. 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 global plastic for SLS 3D printing market growth in the coming years.

On the contrary, high cost of SLS-compatible plastics hampers the growth of South & Central America plastics for SLS 3D printing market.

Based on type, the South & Central America plastics for SLS 3D printing market is categorized into polyamide, thermoplastic polyurethane (TPU), polyether ether ketone (PEEK), and others. The polyamide segment held 75.8% share of the South & Central America plastics for SLS 3D printing market in 2022, amassing US$ 2.92 million. It is projected to garner US$ 10.54 million by 2030 to expand at 17.4% CAGR during 2022-2030.

By end-use industry, the South & Central America plastics for SLS 3D printing market is segmented into healthcare, aerospace & defense, automotive, electronics, and others. The others segment held 29.1% share of South & Central America plastics for SLS 3D printing market in 2022, amassing US$ 1.12 million. It is projected to garner US$ 3.46 million by 2030 to expand at 15.1% CAGR during 2022-2030.

Based on country, the South & Central America plastics for SLS 3D printing market is categorized into Brazil, Argentina, and the Rest of South & Central America. Brazil held 81.0% share of South & Central America plastics for SLS 3D printing market in 2022, amassing US$ 3.12 million. It is projected to garner US$ 11.22 million by 2030 to expand at 17.4% CAGR during 2022-2030.

Key players operating in the South & Central America plastics for 3D Systems Corp, Arkema SA, BASF SE, Ensinger GmbH, EOS GmbH, Evonik Industries AG, and Stratasys Ltd, 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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