3D Printing Plastics Market by Type [Photopolymer, Acrylonitrile Butadiene Styrene (ABS), Polylactic Acid (PLA), Polyamide, and Others], Form (Powder, Liquid, and Filament), End-use Industry (Aerospace and Defense, Medical, Automotive, Electronics, and Others): Global Market Size Estimates and Forecast (2022-2030)
The market crossed US$ 750 million mark in 2022 and is expected to hit US$ 3737 million by 2030, recording a CAGR of 22% during the forecast period.
3D printing plastics market has been significantly growing with the higher adoption of these 3D printing plastic materials from various end-use industries.
The major factor driving the 3D printing plastics market growth is an increasing their demand from end-use industries such as aerospace and defense, medical, automotive, and electronics. ABS filament is most commonly used in the bodywork of cars, appliances, and mobile phone cases. Further, there is an increasing use of polyethylene terephthalate in disposable plastic bottles. The photopolymer segment is expected to held the significant share of the market during the forecast period. Photopolymers are highly used in liquid form in the SLA technology. Further, other segments such as acrylonitrile butadiene styrene (ABS), polylactic acid (PLA), polyamide, are also expected to gain traction during the forecasted year.
Within the report, the market is segmented into type, form, end-use industry, and geography. By type, the market is further segmented into photopolymer, acrylonitrile butadiene styrene (ABS), polylactic acid (PLA), polyamide, and others. On the basis of form, the market is segmented into powder, liquid, and filament. On the basis of end-use industry, the market is segmented into aerospace and defense, medical, automotive, electronics, and others. Geographically, the market is sub segmented into North America, Europe, Asia Pacific, South & Central America, and Middle East & Africa.
Growing demand for biobased 3D printing plastics
Plant-based and biobased plastics are very popular choice for 3D printing as they are much easier to work with during processing, and are safe and odour free. There is a growing role of biobased plastic materials in the 3D printing industry. The biobased material such as PLA is highly used in 3D printing. The growing demand for biobased 3D printing plastic materials from different industries is driving the market growth.
High demand for 3D printing plastics from aerospace & defence industry
The aerospace & defense is one of the major application industries of 3D printing plastics. There is an increasing demand for high performance plastics such as PA, PEEK and PEKK in the aerospace & defense industry. There are various benefits of using 3D printed components for the aerospace and defense sector. In aerospace industry, the weight of components really matters. The industry is always on the lookout of components that are stronger, lighter and durable. 3D printing technology has created new possibilities to meet these challenges in the aerospace industry.
Recent strategic developments in 3D printing plastics market
The 3D printing plastics market has undergone several significant developments, and a few of these have been mentioned below:
- In May 2021, Covestro introduced 3D printing material made from recycled PET. Made from post-consumer PET waste, Arnite AM2001 GF (G) rPET perfectly fits the company’s vision for a circular economy.
- In March 2022, Evonik has expanded its portfolio of 3D-printable biomaterials for medical technology. The company has developed VESTAKEEP iC4800 3DF, a new osteoconductive PEEK filament that improves fusion between bone and implants.
The 3D printing plastics market is driven by several players by implementing strategic activities such as investments, new launches, mergers & acquisitions, and partnerships. 3D Systems, Inc.; Covestro AG; Arkema; Evonik; and BASF SE are among the prominent players operating in the market.
Target audience for the report:
- Raw material providers
- 3D printing plastics related associations, organizations, forums, and alliances
- Government bodies, such as regulating authorities and policy makers
- Venture capitalists, private equity firms, and start-up companies
- Application industries of 3D printing plastics
- Research institutes, organizations, and consulting companies
Scope of the report:
In this report, the market has been segmented on the basis of:
- Type
- Photopolymer
- Acrylonitrile Butadiene Styrene (ABS)
- Polylactic Acid (PLA)
- Polyamide
- Others
- Form
- Powder
- Liquid
- Filament
- End-use Industry
- Aerospace and Defense
- Medical
- Automotive
- Electronics
- Others
- Region
- North America
- Europe
- Asia Pacific (APAC)
- South & Central America
- Middle East & Africa
- Companies profiled
- 3D Systems, Inc.
- Covestro AG
- Arkema
- Evonik
- BASF SE
Companies profiled
- 3D Systems, Inc.
- Coestro AG
- Arkema
- Evonik
- BASF SE