Market Size in 2023 | Market Forecast in 2032 | CAGR (in %) | Base Year |
---|---|---|---|
USD 1.79 Billion | USD 10.31 Billion | 21.50% | 2023 |
The global 3D Printing Plastics market size accrued earnings worth approximately USD 1.79 Billion in 2023 and is predicted to gain revenue of about USD 10.31 Billion by 2032, is set to record a CAGR of nearly 21.50% over the period from 2024 to 2032.
3D printing is an engineering procedure where materials fused in three dimensions by the layering of solid material in the sequence straight from a predefined computer file which contains the the 3D digital model. The process can also be called additive manufacturing. 3D printing resources are those constituents which can be easily operated with the help of 3D printing technologies to generate the desired entity output. Back in1980s, 3D printing technology was in its embryonic stage and the materials in 3D printing used were simple thermoplastics and wax since its role was restricted only for sampling and prototyping. Contrariwise, in the modern day scenario, with the help of technological advancements, 3D printing has progressed beyond prototyping. Because of this, it is being used directly for well-designed functionalities leading to the usage of more erudite and intricate materials with demand for it to be more durable and reliable.
The 3D printing plastics market is likely to experience the highest growth rate in developed as well as developing countries over the forecast timeframe. Technological advancements and continuous innovation will boost market growth and development. Growth and continuous investments made by the leading organizations towards the 3D printing technology and their equipment is the factor that is primarily driving the growth of the market. These ongoing investments made by the companies have led to the development of low-cost devices and materials. Not only prototyping and sampling, but product designing and product formation with the help of 3D technology is possible in the modern day. The adoption of 3D printers for the educational and architectural purpose is going to boost the growth of the market in the ensuing years. Moreover, the manufacturing costs are very low in producing 3D plastics. These aforementioned factors are anticipated to contribute towards the 3D printing plastics market growth over the forecast timeline.
The study includes drivers and restraints for the 3D printing plastics market along with the impact they have on the demand over the forecast period. Additionally, the report includes the study of opportunities available in the 3D printing plastics market on a global level.
In order to give the users of this report a comprehensive view of the 3D printing plastics market, we have included a competitive landscape and analysis of Porter’s Five Forces model for the market. The study encompasses a market attractiveness analysis, wherein type, form, and end-use segments are benchmarked based on their market size, growth rate, and general attractiveness.
Report Attributes | Report Details |
---|---|
Report Name | 3D Printing Plastics Market |
Market Size in 2023 | USD 1.79 Billion |
Market Forecast in 2032 | USD 10.31 Billion |
Growth Rate | CAGR of 21.50% |
Number of Pages | 204 |
Key Companies Covered | Arson, Inc., Stratasys Ltd., Arevo Labs, Sandvik AB, Evonik Industries AG, Optomec Inc., Rahn AG, Taulman 3D, LLC, Oxford Performance Materials, Arcam AB, Voxeljet AG, and EOS GmbH. |
Segments Covered | By Type, By Form, By End-User, and By Region |
Regions Covered | North America, Europe, Asia Pacific (APAC), Latin America, Middle East, and Africa (MEA) |
Base Year | 2023 |
Historical Year | 2018 to 2022 |
Forecast Year | 2024 - 2032 |
Customization Scope | Avail customized purchase options to meet your exact research needs. Request For Customization |
The study provides a decisive view of the 3D printing plastics market by segmenting the market based on type, form, end-use, and regions. All the segments have been analyzed based on present and future trends and the market is estimated from 2024 to 2032.
Based on the type, the 3D printing plastics market is segmented into metals, polymers, ceramics, and others.
On the basis of form, the 3D printing plastics market is segmented into filament, powder, and liquid.
On the basis of end-use, the market is divided into automotive, industrial, consumer products, aerospace & defense, healthcare, education & research, and others.
North America is growing with the highest growth rate in the global 3D printing plastics market. The region is anticipated to continue its leading position over the estimated period. The growth of this regional market is attributed to rapid technological advancements. The high adoption rate of 3D technology in various industries will fuel the growth of the regional market. These factors are anticipated to further drive industry growth in the region over the forecast span. Europe is projected to have a significant revenue share in the global 3D printing plastics market. The region is considered diverse and developed. The rising demand for automotive 3D printing materials for luxury cars and sports cars is going to fuel the market growth in the region over the coming years. These are the factors which are expected to boost the growth and development of the global 3D printing plastics market across the world.
The regional segmentation includes the historic and forecast demand for North America, Europe, Asia Pacific, Latin America, the Middle East, and Africa. This segmentation includes demand for the 3D printing plastics market based on all segments in all the regions and countries.
The report also includes detailed profiles of end players such as
By Type Segments
By Form Segments
By End-use Segments
By Regional Segments
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