Global 3D Printing Plastics Market Insights Forecasts to 2030

• The global 3D printing plastics market was valued at USD 786.9 Million in 2021.
• The market is growing at a CAGR of 23.8% from 2022 to 2030
• The global 3D printing plastics market is expected to reach USD 5375.33 Million by 2030
• Asia Pacific is expected to grow the fastest during the forecast period

The Global 3D Printing Plastics Market is expected to reach USD 5375.33 Million by 2030, at a CAGR of 23.8% during the forecast period 2022 to 2030. The 3D printing plastics market has grown due to the increase in technological advancements and the use of 3D printing plastic in various end-user industries. There are advancements in new technologies to help ease the 3D printing plastics experience people, which is expected to provide growth opportunities for the market during the forecast period.

Market Overview

A 3D printer uses layered designs to create three-dimensional objects; plastic is one of the common materials used for printing. For the manufacturing industry, advances in polymeric materials present new possibilities. Additionally, the COVID-19 pandemic is projected to boost demand for medical components such as face shields and 3D-printed masks & filter covers. Furthermore, the complexity of controlling and operating 3D printers is exacerbated by the fact that they require specialized components, power sources, and high voltages. In addition, rapid growth in healthcare due to the increasing demand for personalized and precision medicine, as well as the increased use of 3D printing for a variety of applications, including surgical planning models and 3D-printed vasculature and bioreactors, as well as the use of 3D printed surgical tools and techniques to improve clinical outcomes, have contributed to its rapid growth. Polymer 3D printing materials can be recycled and reused, encouraging many industries to create additive manufactured products in-house. Additionally, to enhance the production of 3D printer materials, major polymer producers were encouraged to research and develop new biocompatible materials.

Report Coverage

This research report categorizes the global 3D printing plastics market based on various segments and regions, forecasts revenue growth, and analyzes trends in each submarket. The report analyses the key growth drivers, opportunities, and challenges influencing the global 3D printing plastics market. Recent market developments and competitive strategies such as expansion, product launch and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key market players and analyses their core competencies in each global 3D printing plastics market sub-segments.

Market Dynamics:

Drivers:

• Rising government initiatives

As a result of the fact that 3D printing saves end-user time and costs while allowing for mass production, it is employed in a wide variety of businesses around the world. Governments around the world are taking steps to promote the use of 3D printing plastic in a wide variety of industries. The initiatives taken by the government to spread awareness about the use of 3D printing plastics is propelling the market growth.

Restraints:

• High cost of production

The market is witnessing immense growth due to its increased use in various end-user industries but there are some factors which are hampering the market growth. Factors such as high cost of production. The high cost of production is directly linked with the cost of the final product and high production cost will raise the prices of the final product as well, as a result of which the demand for the product among the consumers will get hampered and this eventually affects the growth of the market.

Opportunities:

• Continuous research and development for innovative and efficient material

Major key players in the market are focusing on making the existing and new products more efficient and acceptable. Continuous research and development for innovative and efficient materials are creating new growth opportunities for the market growth. Moreover, innovative materials are experiencing more demand in the market which is helping the key players to be more focused on their objectives.

Challenges:

• Lack of standardization

Manufacturers encounter significant financial hardships due to the lack of standardization in the whole process of 3D printing plastics and the high-end machinery used in component manufacturing. Moreover, the 3D priniting plastic manufacturing processes are automated which has reduced the labour work, design accuracies etc.  which is also hampering the market growth.

Segmentation Analysis

• In 2021, the plastics segment accounted for the largest share of the market, with 28.6% and market revenue of 225.05 million.

Based on the type, the 3D printing plastics market is categorized into ceramic, plastics, metals and others. In 2021, the plastics segment accounted for the largest share of the market, with 28.6% and market revenue of 225.05 million. Plastic market growth will be fueled by increasing demand for 3D printing technology and high-performance materials from aerospace, automotive, and military industries.

• In 2021, the filament segment accounted for the largest share of the market, with 39% and a market revenue of 306.8 million.

Based on the form, the 3D printing plastics market is categorized into. Powder, filament and liquid. In 2021, the filament segment accounted for the largest share of the market, with 39% and a market revenue of 306.8 million. Filaments' unique properties and high melting temperatures, as well as their use in props, fixtures, toys, assembly components, and educational models, have mostly led to the rapid growth of this market segment. 

• In 2021, the prototyping segment accounted for the largest share of the market, with 38.6% and a market revenue of 303.7 million.

Based on the application, the 3D printing plastics market is categorized into R&D, prototyping and manufacturing. In 2021, the prototyping segment accounted for the largest share of the market, with 38.6% and a market revenue of 303.7 million. 3D printing plastics are typically used for prototyping to show off the appearance of the finished 3D-printed object

• In 2021, the healthcare segment accounted for the largest share of the market, with 27.6% and a market revenue of 217.18 million.

Based on the end user, the 3D printing plastics market is categorized into healthcare, automotive, consumer goods, aerospace & defense and others. In 2021, the healthcare segment accounted for the largest share of the market, with 27.6% and a market revenue of 217.18 million. As the incidence of diseases such as vascular and osteoarthritis increases, 3D-printed plastics are becoming increasingly desirable for medical applications.

Regional Segment Analysis of the 3D Printing Plastics Market

• North America (U.S., Canada, Mexico)
• Europe (Germany, France, the U.K., Italy, Spain, Rest of Europe)
• Asia-Pacific (China, Japan, India, Rest of APAC)
• South America (Brazil and the Rest of South America)
• The Middle East and Africa (UAE, South Africa, Rest of MEA)

North America emerged as the largest market for the global 3D printing plastics market, with a market share of around 35.87% and 786.9 million of the market revenue in 2021.

• In 2021, North America emerged as the largest market for the global 3D printing plastics market, with a market share of around 35.87% and 786.9 million of the market revenue. North America is expected to be the largest market. Market growth is primarily driven by mature markets and the technologically advanced 3D printing industry in the region.
• Asia Pacific market is expected to grow at the fastest CAGR between 2021 and 2030. Increasing integration of 3D printing technology in military, academic, and healthcare applications will contribute to the growth of the 3D printing plastics market in the region during the forecast period.

Competitive Landscape

The report offers the appropriate analysis of the key organizations/companies involved within the global 3D printing plastics market along with a comparative evaluation primarily based on their product offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborative analysis focusing on the companies' current news and developments, including product development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market.

List of Key Market Players:

• HP Inc.
• SABIC
• Eos GmbH Electro Optical Systems
• Royal DSM N.V.
• Evonik Industries AG
• Stratasys Ltd.
• GE Additive
• BASF SE
• Solvay
• Materialise NV
• Arkema
• 3D Systems Inc.
• American Elements
• Hoganas AB

Key Target Audience

• Market Players
• Investors
• End-users
• Government Authorities
• Consulting And Research Firm
• Venture capitalists
• Third-party knowledge providers
• Value-Added Resellers (VARs)

Some of the Key Developments:

• In November 2019, BASF purchased Sculpteo to broaden its distribution channels and strengthen its position in the 3D printing market. BASF is the world's second-largest chemical producer.
• In March 2022, At the AAOS trade show in Chicago, US, Evonik introduced VSTAKEEP iC4800 3DF, a new osteoconductive PEEK filament.

Market Segment

This study forecasts global, regional, and country revenue from 2021 to 2030. Spherical Insights has segmented the global 3D printing plastics market based on the below-mentioned segments:

Global 3D Printing Plastics Market, By Type

• Ceramic
• Plastics
• Metals
• Others

Global 3D Printing Plastics Market, By Form

• Powder
• Filament
• Liquid

Global 3D Printing Plastics Market, By Application

• R&D
• Prototyping
• Manufacturing

Global 3D Printing Plastics Market, By End-User

• Healthcare
• Automotive
• Consumer Goods
• Aerospace & Defense
• Others

Global 3D Printing Plastics Market, Regional Analysis

• North America
  • THE US
  • Canada
  • Mexico
• Europe
  • Germany
  • UK
  • France
  • Italy
  • Spain
  • Russia
  • Rest of Europe
• The Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Rest of Asia Pacific
• South America
  • Brazil
  • Argentina
  • Rest of South America
• Middle East & Africa
  • UAE
  • Saudi Arabia
  • Qatar
  • South Africa
  • Rest of the Middle East & Africa