3D Printing Plastic Market Size Worth $3 Bn by 2030: IndustryARC

3D Printing Plastic Market size is predicted to reach $3 billion by 2030, growing at a CAGR of 17.1% during the forecast period 2024-2030 according to the latest market research report published by IndustryARC. Globally, the demand for 3D printing plastic is rising from various application sectors such as aerospace and defense, electrical and electronics, and healthcare, by reducing the efforts, time, and costs incurred in the project. The increasing demand for 3D printing plastic from various industries, such as aerospace, automotive, healthcare, and electronics, for applications such as prototyping, tooling, and functional parts. The cost-effectiveness, strength, durability, and versatility of 3D printing plastic compared to other materials, finds IndustryARC in its recent report, titled “3D Printing Plastic Market- By Form (filament, Ink, Powder), By Type (Polycarbonates, Photopolymers, Acrylonitrile Butadiene Styrene (ABS), Polyamide/Nylon, Polylactic Acid, Polyethylene Terephthalate (PET), Glycolized polyester (PETG), High Performance Polymers, and Others), By Application (Prototyping, Automotive, Healthcare, Consumer Goods, Aerospace & Defense, Electrical & Electronics, and Others), By Geography – Opportunity Analysis & Industry Forecast, 2024-2030”

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North America to Register Highest Growth

North America dominated the 3D Printing Plastic Market with a largest share of 51% in 2023 due to the increasing demand for 3D printing plastics in medical devices and equipment, and the increasing adoption of 3D printing technology in U.S., Canada, Mexico and various other countries in the region is set to drive the market growth in the upcoming future. According to the U.S. Department of Health and Human Services, the Fiscal Year (FY) 2023 budget represents the responsibilities of the U.S. government to advance a patient-centered healthcare system. The budget proposes a discretionary budget authority of $96.1 billion and mandatory support for Health and Human Services of $1.86 trillion. Thus, the rising investments by the government in the healthcare sector are estimated to boost the 3D Printing Plastic Market growth in the forecast period.

3D Printing Plastic Market 2024-2030: Scope of the Report

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3D Printing Plastic Market Report – Key Takeaways:

• Prototyping to Register the Highest Growth

By Application, Prototyping segment is analyzed to grow with the highest CAGR of 17.1% during the forecast period 2024-2030?. Fortunately, certain methods are available to help you enhance the product creation process, helping to make high-quality prototypes at a cheaper cost. From office to the factory floor, 3D printers produce plastic concept models, precision and practical prototypes, master patterns and actual end-use components for refining every project, streamlining the workflows and getting creative products to the market quicker. Besides, 3D printing plastic is the best solution for designing the prototypes. The ability to produce accurate, high-fidelity models allows for better visualization, testing, and refinement of products before mass production. Furthermore, advancements in 3D printing materials and technologies have enhanced the quality and functional capabilities of prototypes, driving greater adoption and fueling the growth of the prototyping segment in the 3D printed plastic market.

• The Polyamide/Nylon is Leading the Market

The Polyamide/Nylon segment accounted for the largest share in 2023. Nylon (known as polyamide) is a synthetic linear polyamide thermoplastic and is a well-known 3D printing filament owing to its stability, toughness, low friction and corrosion resistance. Nylon is also a common substance used in the manufacture of clothing and accessories. Due to its improved strength and elasticity over PLA and ABS, Nylon is ideal for manufacturing uses, such as machine parts or equipment, or the replacement of automotive parts. As compared to ABS and PLA Nylon is tougher and more resistant to chemicals, but its poor strength and hardness prohibits it from being commonly used in the manufacturing industry. With the increasing demand for nylon the market for 3D printing plastic is also estimated to rise in the forecast period.

• Growing Demand for Customization and Personalization is Driving the Growth of the Market

? Unlike traditional manufacturing methods, 3D printing allows for the creation of highly customized and intricate designs without the need for specialized tooling or molds. This capability is particularly valuable in industries such as healthcare, where personalized medical devices and implants can be tailored to the unique anatomical requirements of individual patients, improving treatment outcomes. Similarly, in the consumer goods sector, 3D printing enables the production of bespoke products, from customized footwear and fashion accessories to tailored home décor items. The ability to offer unique, one-of-a-kind products enhances consumer satisfaction and adds significant value, driving the adoption of 3D printing technologies. As consumer preferences continue to shift towards personalized products, the demand for 3D printed plastics is expected to grow, further propelling market expansion.

• The Limitations of available materials and their performance characteristics is a major challenge in the 3D Printing Plastic market

? One of the significant challenges facing the 3D printed plastics market is the limitations of available materials and their performance characteristics. While there is a wide variety of plastic filaments and resins used in 3D printing, each material has specific properties such as strength, durability, flexibility, and heat resistance. However, compared to traditional manufacturing materials like injection-molded plastics, metals, and ceramics, the range of materials available for 3D printing is more limited in terms of performance metrics. For example, some 3D printed plastics may exhibit lower mechanical strength or dimensional stability compared to their counterparts produced through traditional methods. This can restrict their suitability for certain applications, particularly in industries requiring high-performance parts subjected to harsh operating conditions. Moreover, the compatibility of 3D printed plastics with post-processing treatments such as machining, painting, and coating may vary, further limiting their application flexibility.

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Key Opportunity Analysis:

Expansion in Aerospace and Defense Applications

The aerospace and defense sectors present significant future opportunities for the 3D printed plastics market. Additive manufacturing technologies offer unique advantages in these industries, including the ability to produce lightweight, complex geometries, and customized components with reduced lead times and material waste. In aerospace, 3D printed plastics are increasingly used for interior cabin components, air ducts, brackets, and drone parts. The lightweight properties of plastics contribute to fuel efficiency and performance improvements in aircraft and spacecraft. Moreover, the flexibility of 3D printing allows for rapid prototyping and iterative design changes, which are crucial in aerospace innovation cycles. The ability to produce on-demand, customized parts in remote locations enhances operational readiness and reduces logistics challenges for military forces. As advancements in material science and additive manufacturing techniques continue, the aerospace and defense sectors are expected to further integrate 3D printed plastics into critical applications, driving market growth and technological innovation.

Customized Consumer Goods and Fashion

Customized consumer goods and fashion present an emerging opportunity for the 3D printed plastics market. Additive manufacturing technologies enable the production of bespoke products, personalized accessories, and unique fashion items using a variety of plastic materials. Consumers are increasingly seeking personalized products that reflect their individual tastes and preferences, driving demand for custom-designed 3D printed plastics in the consumer goods and fashion industries. As 3D printing technologies evolve and become more accessible, the customization trend in consumer goods and fashion is expected to expand. Innovations in material properties, surface finishes, and color options further enhance the appeal of 3D printed plastics in the consumer market. Leveraging digital design capabilities and direct-to-consumer manufacturing models, companies can capitalize on the growing demand for personalized products, driving market growth and diversification in the 3D printed plastics sector.

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The Report also Covers the Following Areas:

• 3D Printing Plastic Market Size and Forecast
• 3D Printing Plastic Market Trends
• 3D Printing Plastic Market Analysis by Type

3D Printing Plastic Market 2024-2030: Key Highlights

• CAGR of the market during the forecast period 2024-2030
• Value Chain analysis of key stake holders
• Detailed analysis of market drivers and opportunities during the forecast period
• 3D Printing Plastic Market size estimation and forecast
• Analysis and predictions on end users’ behavior and upcoming trends
• Competitive landscape and Vendor market analysis including offerings, developments, and financials
• Comprehensive analysis of challenges and constraints in the 3D Printing Plastic Market

Covid and Ukrainian Crisis Impact:

The COVID-19 pandemic had a mixed impact on the growth of the 3D printed plastics market. Initially, the pandemic disrupted global supply chains and manufacturing operations, causing temporary setbacks in production and distribution of 3D printed plastic materials and components. Many industries, including aerospace, automotive, and consumer goods, experienced supply chain disruptions and reduced demand for non-essential products, affecting the adoption of 3D printing technologies. However, the pandemic also highlighted the agility and flexibility of 3D printing in responding to supply chain disruptions and urgent healthcare needs. 3D printed plastics played a crucial role in producing personal protective equipment (PPE), such as face shields, respirator components, and nasal swabs, to address shortages during the early stages of the pandemic.

The Russia-Ukraine war has impacted the 3D printed plastics market primarily through disruptions in global supply chains and the availability of critical raw materials. Ukraine, a major global supplier of raw materials used in manufacturing processes, including polymers and additives essential for 3D printed plastics, has faced logistical challenges and production interruptions due to the ongoing conflict. This has resulted in supply shortages and increased prices for key materials, affecting the cost structure and production capabilities of companies relying on these inputs. Moreover, geopolitical tensions and trade uncertainties stemming from the conflict have further exacerbated supply chain disruptions, leading to delays in production and delivery of 3D printed plastic components.

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List of Key Market Players in 3D Printing Plastic Market:

The 3D Printing Plastic Market is fragmented with several global and regional companies operating with expansive manufacturing capabilities and extensive distribution networks. The key companies profiled are listed below:

1. 3D Systems Corporation
2. Arkema SA
3. Stratasys, Ltd.
4. Evonik Industries AG
5. HP Inc.
6. SABIC
7. DowDuPont Inc.
8. EOS GmbH Electro Optical Systems
9. Solvay
10. Royal DSM N.V.

Relevant Reports:

3D Printing Materials Market is driven by a surge in demand for sustainable materials, advanced composites, and metal powders tailored for aerospace, automotive, and healthcare applications.

3D Printing In Construction Market is rapidly growing due to advancements in large-scale printing technology, increasing adoption of sustainable building practices, and the rising demand for customized, efficient construction solutions.

3D Printing in Healthcare Market size is estimated to reach $8.6 billion by 2030, growing at a CAGR of 14% during the forecast period 2024-2030.

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