PUBLISHER: Bizwit Research & Consulting LLP | PRODUCT CODE: 1355638
PUBLISHER: Bizwit Research & Consulting LLP | PRODUCT CODE: 1355638
Global 3D Printing Plastics Market is valued at approximately USD 972.1 million in 2022 and is anticipated to grow with a healthy growth rate of more than 24.0% over the forecast period 2023-2030. 3D printing plastics, also known as 3D printing filaments or 3D printing materials are specially formed plastic polymers used in additive manufacturing methods. These polymers are intended to be melted and extruded using a 3D printer to build three-dimensional items layer by layer. Factors such as the increasing development of application-specific grades of 3D printing plastics, high demand from automotive and aerospace industries, and favorable government support are the key factors that are fostering market growth across the globe.
In addition, the growing adoption of additive manufacturing is exhibiting a positive influence on market growth during the estimated period. The increasing adoption of additive manufacturing across various industries, including automotive, aerospace, healthcare, consumer goods, and education, is driving the demand for 3D printing plastics. Additive manufacturing offers benefits such as design freedom, customization, and rapid prototyping, and 3D printing plastics play a vital role in enabling these capabilities. According to Statista, it was estimated that the projected global additive manufacturing sector accounted for 17% during 2020-2023, which is likely to reach 23.76% during 2023-2025. Thus, these aforementioned factors are propelling the growth of the 3D Printing Plastics Market during the estimated period. Moreover, the rising demand for bio-based grades of 3D printing plastics, as well as the growing demand for composite grades of 3D printing plastics in various industrial applications present various lucrative opportunities over the forecasting years. However, the environmental concerns regarding the disposal of 3D-printed plastic products and the high manufacturing costs of commercial grades of 3D-printing plastics are challenging the market growth throughout the forecast period of 2023-2030.
The key regions considered for the Global 3D Printing Plastics Market study include: Asia Pacific, North America, Europe, Latin America, and Middle East & Africa. North America dominated the market in 2022 owing to the increasing development of application-specific grades of 3D printing plastics, as well as the growing use of 3D printing technology in the healthcare sector to produce implants and prosthetics. Whereas, Asia Pacific is expected to grow at the highest CAGR over the forecasting years. The flourishing growth of the various end-use industries, rising demand for bio-based 3D printing plastics grades, increasing government support, along with the rising presence of the key market players are significantly propelling the market demand across the region.
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.
The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
List of tables and figures and dummy in nature, final lists may vary in the final deliverable
List of tables and figures and dummy in nature, final lists may vary in the final deliverable