Navigating The 3D Printing Plastics Market: Key Players And Market Dynamics

3D Printing Plastics Industry Overview

The global 3D printing plastics market size was estimated at USD 972.1 million in 2022 and is projected to grow at a compound annual growth rate (CAGR) of 24.0% from 2023 to 2030. Ease in customized product development, coupled with favorable government investments are likely to augment the market growth over the coming years. In addition, rising demand from end user industries such as automotive, medical, aerospace & defense are likely to drive the market demand. Recent developments in the additive manufacturing industry have created huge 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 coming years.

Gather more insights about the market drivers, restrains and growth of the 3D Printing Plastics Market

The demand for 3D printing plastics has considerably grown in creating prototypes over the past few years in the U.S. In addition, more number of 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 the 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 which are high in resolution. Also, the final product manufactured is eligible for 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 & 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, as well as 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 which 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 comprised of plastic and aluminum. The company is primarily engaged in manufacturing stainless steel performance exhausts.

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Key Companies profiled:

• 3D Systems Corporation

• Arkema Inc.

• Envisiontec Inc.

• Stratasys Ltd.

• SABIC

• Materialse nv

• HP INC.

• Eos GmbH Electro Optical Systems

• PolyOne Corporation

• Royal DSM N.V.