Global 3D Printing Plastics Market Is Expected to Contribute USD 2,368.4 Million In 2026

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The global 3D printing plastics market was valued at USD 748.8 million in 2018 and is expected to contribute USD 2,368.4 million in 2026, growing at a cumulative annual growth rate of 16.4% during the forecast period.

3D printing of plastics is an effective method and widely used for the production of components and parts in various sectors such as automotive, consumer electronics and pharmaceuticals. ABS and PLA are commonly used materials in 3D printing of plastics. Considering the current scenario, the consumer goods are emerging significantly in the implementation of 3D plastic products in order to minimize the lead time provided by additive manufacturing techniques.

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The development of the 3D printing plastics market is motivated mainly by increasing demand from the automotive and aerospace industries, the latest developments in the additive manufacturing sector and favourable public support. In addition, the increasing adoption of 3d bio-based printing grades across developed countries is anticipated to generate possibilities for producers in the worldwide market over the forecast period. The industry benefits mainly from favourable public assistance in developing nations such as China, India, and Mexico.

In addition, 3D printed products make a significant contribution to achieving economies of scale through the use of less lead time, decreased costs and mitigated hazards. This expected to lead the demand and sales of 3D printing plastics and further create opportunities in the global market in the coming years. However, the high costs associated with the manufacturing of the 3d printed products are expected to hinder the growth of the global 3D printing plastics market. The photopolymer type segment is expected to lead the global 3D printing plastics market throughout the forecast period Based on product, the market has been categorized into photopolymer, polylactic acid (PLA), ABS, polyamide, and others.

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The photopolymer type segment is expected to hold approximately 27% share in the global 3D printing plastics market in 2018 owing to photopolymer includes most of the polymer grades in resin form. Based on the form, the filament segment is expected to grow at a CAGR of around 18% throughout the forecast period By form, the market has been bifurcated into filament, powder, and liquid/ink. The filament form for 3D printing plastics segment are expected to held for the largest share in the market and are expected to grow at a CAGR of around 18% during the forecast period owing to wide use across general and commercial applications.

Furthermore, the powder form segment accounts for the highest CAGR in the global 3D printing plastics market owing to the increase in demand and sales for laser sintering technology. Based on the application, the healthcare segment is expected to dominant the market during the forecast period Based on application, the market has been segmented into healthcare, automotive, aerospace & defense, electrical & electronics, and others.

The healthcare application segment accounts of the largest share in the global 3D printing plastics market by application. The major factors that are driving the growth of this segment are wide adoption across orthopedic implants, prosthetics, dentals and others. North America to dominate the 3D printing plastics market throughout the forecast period North America accounted for nearly 37% share of the global 3D printing plastics market in 2018 and is expected to dominate the market throughout the forecast period owing to increase in government spending across aerospace & defense and healthcare industries, which are accounted for widely adopted of 3D printing plastics technologies.

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However, the increased awareness regarding environmental concern due to the use of plastics is the major concern in the developed regions, worldwide. Asia-Pacific is anticipated to maintain the largest CAGR on the worldwide market due to the strong presence of end-use sectors for 3D printing materials, such as the electrical & electronics industries, healthcare and, automotive which are among the fastest to adopt 3D printing technology in the globe. Company Profiles and Competitive Intelligence: The major players operating in the global 3D printing plastics market are 3D Systems Corporation, Stratasys, Ltd., Arkema SA, BASF SE, Evonik Industries AG, SABIC, HP Inc., DowDuPont Inc., CRP Group, and Envisiontec GmbH, among others.

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