Market Research Report
Global Polylactic Acid in 3D Printing Market, 2014-2024: by Application (Food Packaging, House Hold Items, Healthcare, Automotive, and Others)
|Global Polylactic Acid in 3D Printing Market, 2014-2024: by Application (Food Packaging, House Hold Items, Healthcare, Automotive, and Others)|
Published: September 1, 2020
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Polylactic acid is commonly known as PLA. It is one of the most popular materials used in desktop 3D printing. Due low temperature operation it is widely used in extrusion-based 3D printer. PLA is a biodegradable thermoplastic which derived from renewable sources included, cornstarch, sugar stick, tapioca roots or even potato starch. It offered naturally transparent and can be colored to various degrees of translucency & opacity. It is strong and rigid material other than 3D printing materials, and offered less warping or shrinking issues. It is Ideal for small parts 3D printing and have a glossier look & feel.
Polylactic acid in 3D printing can be categories based on diameter into 1.75 mm and 3mm. PLA has wide are of application in 3D printing included automotive, food packaging, healthcare, house hold items, and others. Due to biocompatibility it is also used in food packing. In healthcare sector, PLA is used in medical suturing as well as surgical implants, mainly it possesses the ability to degrade directly into inoffensive lactic acid in the body included surgically implanted screws, pins, artistic prints, and rods. It is widely used in aerospace and automotive industry for customizing tools, gears, jigs and fixtures, RC cars, as well as prototypes for interior panels. It has been widely adopted in 3D printed decorative household appliances, and accessories where the look is more important than strength of the product. PLA filaments are also a good choice for low-cost rapid prototyping, accurate and vivid models, props, pastry moulds, and containers.
The global polylactic acid in 3D printing market research report sheds light on the market circumstances by carrying out primary and secondary research for more than 320 hours. As per the report, the global polylactic acid in 3D printing market is growing at a fast pace and increasing its geographical footprint rapidly. The global polylactic acid in 3D printing market is valued at US $ xxx million dollars in 2019 which is forecast to grow at CAGR of xx% and reach a massive US $ xxx million dollars by the end of 2024 in value.
The growth is comparatively higher in North America region due to increasing the end use applications in food industry and medical industry. The major growth driver for polylactic acid in 3D printing market is properties offered by it, such as environmental friendly materials, ease of use and minimal warping issues. Rising use of 3D printed decorative house hold items and appliances and rising adoption in prototypes and manufacturing of automotive parts due to growing automotive industry is expected to drive the growth of polylactic acid in 3D printing market globally.
Polylactic acid in 3D printing enjoy wide usage across all major regions in the world including Europe, APAC, North America, Middle East and Africa, and South America. These regions serve large number of manufacturers and supplier and are hence responsible for the growth of polylactic acid in 3D printing market globally. The companies that lead global market are, ColorFabb, Innofil3D, MakerBot Industries, Polymaker, HATCHBOX 3D, Fillamentum Manufacturing Czech, Shenzhen Esun Industrial, Torwell Technologies, Ultimaker, and others.
The research process includes the market segmentation of the global polylactic acid in 3D printing market, identifying the growth determinants of every market segment and market forecasts. All the market forecasts are done in accordance with the inputs taken from the global polylactic acid in 3D printing market industry experts from across the global industry. Market Krystal conducts more than 40 interview hours dedicated for this study, the same are mentioned below: