“The Global 3D Printing Plastics Market USD 748.8 million in 2018 and is expected to contribute USD 2,368.4 million in 2026, growing at a cumulative annual growth rate of 16.4% by 2026.”
The growth of this 3D Printing Plastics Market is primarily driven by increasing disposable incomes, growing technological innovation in healthcare and Automotive Aerospace and Defence industry, 3D printing of plastics is an effective method and widely used for the production of components and parts in various sectors such as automotive, consumer electronics and pharmaceuticals. ABS and PLA are commonly used materials in 3D printing of plastics. Considering the current scenario, the consumer goods are emerging significantly in the implementation of 3D plastic products in order to minimize the lead time provided by additive manufacturing techniques.
Plasticity is the general property of all materials that involves permanent deformation without breaking. Polymers’ name is derived from their flexible and plastic properties. The various resins for use in 3D Printing incorporate High-detail Resin, Mammoth Resin, Transparent Resin, Gray Resin, and Standard Resin. Every one of these resins has its own particular qualities and applications..
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Global 3D Printing Plastics Market Segmentation:
Following Top Key players are profiled in this Market Study:
3D Systems Corporation, Stratasys, Ltd., Arkema SA, BASF SE, Evonik Industries AG, SABIC, HP Inc., DowDuPont Inc., CRP Group, and Envisiontec GmbH, among others
3D Printing Plastics Market has been bifurcated into filament, powder, and liquid/ink. The filament form for 3D printing plastics segment are expected to held for the largest share in the market and are expected to grow at a CAGR of around 18% during the forecast period owing to wide use across general and commercial applications. Furthermore, the powder form segment accounts for the highest CAGR in the global 3D printing plastics market owing to the increase in demand and sales for laser sintering technology.
By Application: Healthcare, Automotive, Aerospace & Defense, Electrical & Electronics, Others
Based on application, the Global 3D Printing Plastics Market has been healthcare, automotive, aerospace & defense, electrical & electronics, and others. The healthcare application segment accounts of the largest share in the global 3D printing plastics market by application. The major factors that are driving the growth of this segment are wide adoption across orthopedic implants, prosthetics, dentals and others.
Impact of COVID-19:
3D Printing Plastics Market report analyses the impact of Corona-virus (COVID-19) on the 3D Printing Plastics industry.
Since the COVID-19 virus outbreak in December 2019, the disease has spread to almost 180+ countries around the globe with the World Health Organization declaring it a public health emergency. The global impacts of the coronavirus disease 2019 (COVID-19) are already starting to be felt, and will significantly affect the 3D Printing Plastics market in 2020.
The outbreak of COVID-19 has brought effects on many aspects, like flight cancellations; travel bans and quarantines; restaurants closed; all indoor events restricted; emergency declared in many countries; massive slowing of the supply chain; stock market unpredictability; falling business assurance, growing panic among the population, and uncertainty about future.
COVID-19 can affect the global economy in 3 main ways: by directly affecting production and demand, by creating supply chain and market disturbance, and by its financial impact on firms and financial markets.
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North America to dominate the 3D printing plastics market throughout the forecast period
North America accounted for nearly 37% share of the global 3D printing plastics market in 2018 and is expected to dominate the market throughout the forecast period owing to increase in government spending across aerospace & defense and healthcare industries, which are accounted for widely adopted of 3D printing plastics technologies. However, the increased awareness regarding environmental concern due to the use of plastics is the major concern in the developed regions, worldwide
Table of Content:
Chapter 1 Executive Summary
1.1. Market Summary
1.1.1. Global 3D Printing Plastics Market, 2016-2026, (USD Million)
1.2. Market Snapshot: Global 3D Printing Plastics Market
1.3. Market Dynamics
Chapter 2 Market Dynamics
2.1. Market Overview
2.2. Market Drivers
2.2.1. Growing demand for wearable devices
Chapter 3 Global 3D Printing Plastics Market, by Material Type
Chapter 4 Global 3D Printing Plastics Market, by Application
Chapter 5 Global 3D Printing Plastics Market, by Region
Chapter 6 Competitive Intelligence
Chapter 8 Preface
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