3D Printing Plastics Market to experience an impressive growth of 28.2% during 2020-2025
January 30, 2020
3D Printing Plastics Market is likely to witness an impressive CAGR of 28.2% during the forecast period. Forward integration by major polymer manufacturers is one of the major drivers propelling the growth of the global 3D printing plastics market. In addition, the demand for bio-based plastics and the growing demand for 3D printing technology in various applications in end-use industries are the other prime factors impacting the 3D printing plastics market significantly.
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3D Printing Plastics Market Segment Insights:
By Type:
Based on the type, the market is segmented as photopolymer, ABS, polyamide, PLA, and others. The photopolymer segment led the market in 2018, whereas the polyamide segment is estimated to witness the highest growth during the forecast period, owing to the escalating demand from the laser sintering technology.
By Form Type:
Based on the form type, the market is segmented as filament, liquid/ink, and powder. The filament segment commanded the market in 2018, and is estimated to maintain its dominance during the forecast period, driven by its extensive use in general and industrial applications. On the other hand, the powder segment is estimated to depict the highest growth in the coming five years with regard to the growth of laser sintering technology.
By Application Type:
Based on the application type, the market is segmented as prototyping and manufacturing. The prototyping segment led the market in 2018, and this trend is likely to continue during the forecast period. The manufacturing segment is estimated to portray a higher CAGR during the forecast period.
By Region:
In terms of regions, the 3D printing plastics market in the Asia-Pacific region is estimated to witness the highest growth during the forecast period. North America and Europe are expected to continue being the major markets for 3D printing plastics, driven by the robust presence of the aerospace & defense and healthcare industries, which are the prime end-users of 3D printing plastics.
Key Players:
Some of the major players in the 3D printing plastics market are Arkema S.A., BASF 3D Printing Solutions GmbH, CRP Group, Clariant, DowDuPont Inc., Evonik Industries AG, Envisiontec GmbH, Eos GmbH Electro Optical Systems, Golden Plastics, and HP Inc.
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- Attractive market segments and associated growth opportunities
- Emerging trends
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- Key success factors
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