Product ID: SQMIG15A2109
Global 3D Printing Plastics Market Size, Share, Growth Analysis, By Type(Photopolymers, ABS & ASA), By Form(Filament, Ink), By Application(Prototyping, Manufacturing), By End User(Automotive, Medical (Prosthetics & Implants) - Industry Forecast 2024-2031
Report ID:
SQMIG15A2109 |
Region:
Global |
Published Date: February, 2024
Pages:
242
|
Tables:
122 |
Figures:
77
Global 3D Printing Plastics Market Insights
3D Printing Plastics Market size was valued at USD 0.78 billion in 2021 and is poised to grow from USD 0.97 billion in 2022 to USD 5.4 billion by 2030, growing at a CAGR of 24% in the forecast period (2023-2030).
Plastics can be used in 3D printing to create solid objects in three dimensions. These substances are made in a variety of forms, such as liquids, powders, and solids. Plastics used for 3D printing are becoming more and more popular all around the world due to their high density and effectiveness. These materials are used for a variety of home, commercial, and aviation applications. The market is anticipated to grow significantly over the anticipated period as 3D printing technology gains traction. The rise in demand for 3D-printed plastic among manufacturing and production companies is projected to create new business opportunities for this market in the coming years.
The growth of the global 3D printing plastics market is positively affected by the increase in commercial product manufacturing. In addition, the market for plastics in 3D printing is primarily driven by the growth of aircraft manufacturing sector. Plastics for use in 3D printing are highly sought after in the production of three-dimensional solid matter and electric devices, which aids in enhancing their style and functionality, hence driving the global market to expand. These polymers' demand is increasing as a result of advantageous properties such high permeability and density. However, changes in the price of the raw materials used to generate 3D printed plastics may create a challenging environment for market players to generate notable revenues.
Over the past few years, the use of plastics in 3D printing has significantly risen in the US for making prototypes. The adoption of additive manufacturing for high-volume production is also anticipated to increase among manufacturers. Since manufacturers are using additive manufacturing technology to build new components for the aftermarket industry, there are numerous lucrative market opportunities inside this industry.
In the 3D printing industry, photopolymers are frequently used because they enable easier customization and produce high-resolution products. Additionally, a simpler post-process, such as painting, gluing, cutting, and other processes, is permitted for the manufactured end product. SLA printing, DLA printing, MJM, and Polymer are a few of the prominent photopolymer 3D printing methods used in the industry.
US 3D Printing Plastics Market is poised to grow at a sustainable CAGR for the next forecast year.
Global 3D Printing Plastics Market Report Snapshots
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