3D Printing Plastics Industry Overview
The global 3D printing plastics market size was valued at USD 786.9 million in 2021 and is expected to expand at a compound annual growth rate (CAGR) of 23.9% from 2022 to 2030. Ease in customized product development, coupled with favorable government investments, is likely to augment the market growth over the coming years. In addition, the rising demand from the end-user industries such as automotive, medical, and aerospace defense is likely to drive the market demand.
Recent developments in the additive manufacturing industry have created significant avenues for the automotive industry. It has facilitated the development of innovative, stronger, lighter, and safer components and parts with lesser lead times as well as costs. The OEMs mainly utilized 3D printing for rapid prototyping. Thus, the rising product demand in the automotive industry is expected to fuel the market growth in the coming years.
Gather more insights about the market drivers, restrains and growth of the Global 3D Printing Plastics Market
The demand for 3D printing plastics has considerably risen in creating prototypes over the past few years in the U.S. In addition, more manufacturers are expected to utilize additive manufacturing for high-volume production. Lucrative market opportunities prevail for the market in aftermarket applications as manufacturers are increasingly utilizing additive manufacturing technology to produce new components in the aftermarket industry.
Photopolymers are widely used in the 3D printing industry as they aid in easier customization and in producing products that are high in resolution. Additionally, the final product manufactured is eligible for an easier post-process, which includes painting, gluing, cutting, and others. Commonly used photopolymer 3D printing technologies utilized in the industry include SLA printing, DLA printing, MJM, and Polyjet. These photopolymers are increasingly used across industries including jewelry, medicine, and stomatology, and in creating prototypes for industrial uses.
Filament is increasingly used in the 3D printing plastics industry on account of its varied benefits, which include war resistance, high density, strong layer adhesion, odorless, and chemical resistance against alkali and acidic compounds. These extruded plastic filaments are vital in creating 3D printed parts and models.
3D printing plastics have created several significant transformations in the automotive manufacturing industry including products that are safer, cleaner, lighter, and in newer designs. Several OEMs utilize additive manufacturing in creating automotive prototypes as well as high volume direct manufacturing. Companies such as BORLA USA are indulged in manufacturing high flow bodies comprising plastic and aluminum. The company is primarily engaged in manufacturing stainless steel performance exhausts.
Browse through Grand View Research's Plastics, Polymers Resins Industry Research Reports
- Styrenic Block Copolymer Market: The global styrenic block copolymer market size was estimated at USD 8.19 billion in 2022 and is expected to expand at a compound annual growth rate (CAGR) of 5.8% from 2023 to 2030.
- Specialty Polyamides Market: The global specialty polyamides market size was estimated at USD 2.55 billion in 2022 and is expected to register a compound annual growth rate (CAGR) of 6.8% over the forecast period.
Key Companies Profile
Some prominent players in the global 3D printing plastics market include:
- 3D Systems Corporation
- Arkema Inc.
- Envisiontec Inc.
- Stratasys Ltd.
- Materialise NV
- HP INC.
- Eos GmbH Electro Optical Systems
- PolyOne Corporation
- Royal DSM N.V.
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