The changing dynamics in 3D Printing Plastics Market with covid-19 impact assessment
June 03, 2020
The unexpected shifts in the global markets because of the sudden outbreak of the COVID-19 virus have brought many major and minor tremors to industries of all sizes including the 3D Printing Plastics Market.
It was estimated prior to this unanticipated outbreak that the 3D Printing Plastics Market was expected to grow at a CAGR of 28.2% during the forecast period. However, the gradual slowing down of industries will undoubtedly impose limits on the previously estimated growth rate.
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3D Printing Plastics is much different than the traditional method of hollowing plastics. Digital techniques are used for the purpose. There can be a number of types such as photopolymer, ABS, polyamide, PLA, and others.
3D Printing Plastics can be of various forms such as filament, liquid, or powder. Healthcare, aerospace, defense, automotive, electricals, and many others are the application areas where 3D Printing Plastics are used.
This report studies the market covering a period of 12 years of trend and forecast. The report provides detailed insights into the market dynamics to enable informed business decision making and growth strategy formulation based on the opportunities present in the market.
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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 high growth during the forecast period, owing to the escalating demand from the laser sintering technology.
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 high growth in the coming five years with regard to the growth of laser sintering technology.
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.
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.
Features of the Report
This report offers high-quality insights and is the outcome of detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders and validation and triangulation with Stratview Research’s internal database and statistical tools.
The 3D Printing Plastics Market analysis report discusses the following heads in great detail:
- Market structure: Overview, industry life cycle analysis, supply chain analysis
- COVID-19 Impact Assessment
- Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis
- Market trend and forecast analysis
- Market segment trend and forecast
- Competitive landscape and dynamics: Market share, product portfolio, product launches, etc.
- Attractive market segments and associated growth opportunities
- Emerging trends
- Strategic growth opportunities for the existing and new players
- Key success factors
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