3D Printing Plastic Market - Size
Base Year For Estimation
2023
Forecast Data Period
2024-2030
Historical Data Period
2018-2021
Source: Envision Intelligence Analysis & Experts Insights.
*Graph shown for illustrative purpose only, the final report will have the graph with actual data and data labels
3D Printing is the process of making three dimensional solid objects from a digital file. This is a technology that uses a printer to manufacture the printed product and a digital life to produce objects. It is used in rapid prototyping as well as in final products. Polylactic acid (PLA), Acrylonitrile butadiene styrene (ABS), polyvinyl alcohol plastic (PVA) are the major types of plastics in 3D Printing.
Global 3D Printing Plastic Market Size & Growth:
Global 3D Printing Plastic Market size is projected to reach 823.2 Million by the end of 2024 with a CAGR of 34.9% during the forecast period. Key Parameters promoting the market growth include entry of large players from polymer industry and availability of wide range of grades as per different applications, growing awareness of the ability to manufacture objects using varied plastic materials, fast-growing technological industries, estimated rise in supply capacity with forward integration, development in application based definite results, proficient for bulk manufacturing within less time period, development of application-specific grades, and highly potential market with government support. The most commonly used 3D Printing materials in the market are plastic and photopolymer 3D Printing materials. These materials are reliable compared to the metals and also cheap, which is the reason behind their growing popularity.
Global 3D Printing Plastic Market Share:
Global 3D Printing Plastic Market is classified by Type, by Form, by
3D Printing Plastic Market - Growth
Source: Envision Intelligence Analysis & Experts Insights.
*Graph shown for illustrative purpose only, the final report will have the graph with actual data and data labels
Application, by End-User, by geography. By Type, the Global 3D Printing Plastic Market is classified as photopolymers, ABS, polyamide/nylon. ABS is witnessed to grow at a high rate during the forecast period owing to increasing demand of ABS filament in FDM or FFM technology due to its mechanical properties over other general grades such as PLA and nylon used in FDM, and it is mostly used in commercial applications. Based on Form, these are classified as Filament, Ink, and powder. Based on Application, these are classified as Commercial/ Industrial, Hobbyist. By End-User, these are classified as healthcare & medical, defence & aerospace, consumer goods, and automotive. Healthcare & defence segments are dominating the 3D printing
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3D Printing Plastic Market - Porter's Five Force Analysis
Source: Envision Intelligence Analysis & Experts Insights.
*Graph shown for illustrative purpose only, the final report will have the graph with actual data and data labels
plastic market. These segments will demand stringent product dimensions along with their compositions. Extensive consumption of plastic materials comes from aerospace and automotive domains owing to changing product designs from time to time.
North America is a global leader, and it is expected to have the highest growth due to the increasing rate of adoption in the automotive industry.
Europe is witnessed to have the market growth during the forecast period 2018-2024. The European region has an advantage of having most of the manufacturing and consumption markets, thus providing the maximum contribution to
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