HomePress-release

Redding, California - July 2, 2024

3D Printing Plastics Market to be Worth $7.8 Billion by 2031

3D Printing Plastics Market Size, Share, Forecast, & Trends Analysis by Type (Polylactic Acid, Polycarbonate, Polyamide), Form (Filament, Pellets, Powder), Technology (FDM, SLA, SLS), End-use Industry (Manufacturing, Healthcare, Automotive), and Geography - Global Forecast to 2031

Meticulous Research^®—a leading global market research company, published a research report titled, ‘3D Printing Plastics Market by Type (Polylactic Acid, Polycarbonate, Polyamide), Form (Filament, Pellets, Powder), Technology (FDM, SLA, SLS), End-use Industry (Manufacturing, Healthcare, Automotive), and Geography - Global Forecast to 2031.’

According to this latest publication from Meticulous Research^®, the 3D printing plastics market is projected to reach $7.8 billion by 2031, at a CAGR of 23.2% from 2024 to 2031. The growth of the 3D printing plastics market is primarily driven by the rising demand for additive manufacturing across various industries, the increasing supply of 3D printing plastics, and government initiatives supporting the adoption of 3D printing technologies. However, environmental concerns related to the disposal of plastic products and regulations for the use of specific grades of plastic restrain the growth of this market.

Furthermore, advancements in 3D printing technologies and the rising demand for bio-based plastics are expected to generate growth opportunities for the players operating in this market. However, the limited availability of suitable printing materials is a major challenge in the 3D printing plastics market.

The 3D printing plastics market is segmented by type (Acrylonitrile Butadiene Styrene (ABS), Polylactic Acid (PLA), Polycarbonate (PC), Polyethylene Terephthalate (PET), Polyvinyl Alcohol (PVA), polyamide, and other 3D printing plastics), form (filament, pellets, powder, liquid), technology (Fused Deposition Modeling (FDM), Stereolithography (SLA), Selective Laser Sintering (SLS), and other technologies), end-use industry (consumer goods, automotive, aerospace & defense, manufacturing, electronics & electrical, healthcare, energy, and other end-use industries) and geography. The study also evaluates industry competitors and analyzes the market at the regional and country levels.

Based on type, the 3D printing plastics market is segmented into Acrylonitrile Butadiene Styrene (ABS), Polylactic Acid (PLA), Polycarbonate (PC), Polyethylene Terephthalate (PET), Polyvinyl Alcohol (PVA), polyamide, and other 3D printing plastics. In 2024, the polylactic acid (PLA) segment is expected to account for the largest share of over 33% of the 3D printing plastics market. The large market share of this segment is attributed to the rising demand for bioplastics, favorable government initiatives, the performance benefits of PLA, and the rising adoption of PLA in the healthcare sector. In April 2024, Filamentive Limited (U.K.) launched a PLA 3D Printing waste recycling service to combat plastic pollution caused due to FDM 3D printing.

However, the polyamide segment is projected to register the highest CAGR during the forecast period. The segment's growth is driven by the increasing use of polyamide in the automotive and aerospace sectors due to its high strength, the growing focus on eco-friendly manufacturing solutions, and the increasing use of polyamide in consumer goods manufacturing.

Based on form, the 3D printing plastics market is segmented into filament, pellets, powder, and liquid. In 2024, the filament segment is expected to account for the largest share of over 71% of the 3D printing plastics market. The large market share of this segment is attributed to the growing use of 3D printing filaments for manufacturing commercial and military aircraft and the increasing use of filament materials in prototyping applications. Moreover, several key players are focusing on the development of materials in filament form for the 3D printing of medical implants. For instance, in October 2023, Evonik Industries AG (Germany) launched the 'world's first' carbon-fiber-reinforced PEEK filament for use in 3D-printed long-term medical implants. Moreover, this segment is also projected to register the highest CAGR during the period.

Based on technology, the 3D printing plastics market is segmented into Fused Deposition Modeling (FDM), Stereolithography (SLA), Selective Laser Sintering (SLS), and other technologies. In 2024, the fused deposition modeling (FDM) segment is expected to account for the largest share of the 3D printing plastics market. The large market share of this segment is attributed to the increasing use of FDM for small-batch and customized parts production, the increasing use of FDM by educational institutes, and the better affordability and user-friendliness of FDM compared to other technologies. Moreover, this segment is also projected to register the highest CAGR during the period.

Based on end-use industry, the 3D printing plastics market is segmented into consumer goods, automotive, aerospace & defense, manufacturing, electronics & electrical, healthcare, energy, and other end-use industries. In 2024, the manufacturing segment is expected to account for the largest share of over 26% of the 3D printing plastics market. The large market share of this segment is attributed to the growing use of 3D printing for mass production in industrial manufacturing, the increasing focus of manufacturers on reducing costs and lead times, and the increasing use of 3D-printed composite materials in manufacturing applications. In November 2023, Velo3D, Inc. (U.S.) announced that Atomic Industries (U.S.) purchased a fully integrated metal additive manufacturing solution to provide its customers with 3D-printed tooling and dies.

However, the healthcare segment is projected to register the highest CAGR during the period. The segment's growth is driven by the increasing use of 3D printing plastics for creating personalized medical devices, advancements in 3D printing materials, and the increasing development of biocompatible plastics for 3D printing of implants, scaffolds for tissue regeneration, and custom-made drugs.

Based on geography, the 3D printing plastics market is segmented into North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa. In 2024, Asia-Pacific is expected to account for the largest share of over 42% of the 3D printing plastics market. Asia-Pacific’s large market share is attributed to increased R&D funding, the growing adoption of Industry 4.0, the growing utilization of 3D printing technologies in the healthcare, construction, and education sectors, and increasing government-led strategies & policies supporting the adoption of 3D printing technologies. Moreover, this region is also projected to record the highest CAGR of over 25% during the forecast period. In May 2021, Farsoon Technologies Co., Ltd (China) partnered with Japan 3D Printer Co., Ltd. (Japan) to expand its business in Japan. The company installed Farsoon’s high-temperature HT403P 3D printer at Japan 3D Printer’s Demo Center to offer industrial SLS technology.

Key Players

The key players operating in the 3D printing plastics market include 3D Systems Corporation (U.S.), Evonik Industries AG (Germany), Arkema (France), SABIC (Saudi Arabia), Stratasys Ltd. (U.S.), Materialise nv (Belgium), CRP TECHNOLOGY S.r.l. (Italy), Formlabs Inc. (U.S.), HP Development Company, L.P. (U.S.), Dassault Systemes (France), Proto Labs, Inc. (U.S.), EOS GmbH (Germany), Avient Corporation (U.S.), Henkel AG & Co. KGaA (Germany), and Huntsman International LLC (U.S.).

Download Sample Report Here @ https://www.meticulousresearch.com/download-sample-report/cp_id=5950

Key Questions Answered in the Report:

What are the high-growth market segments in terms of the type, form, technology, and end-use industry?
What is the historical market size for the 3D printing plastics market?
What are the market forecasts and estimates for 2024–2031?
What are the major drivers, restraints, opportunities, challenges, and trends in the 3D printing plastics market?
Who are the major players in the 3D printing plastics market, and what are their market shares?
What is the competitive landscape like?
What are the recent developments in the 3D printing plastics market?
What are the growth strategies adopted by major market players?
What are the key market trends, and which are the high-growth countries?
Who are the local emerging players in the 3D printing plastics market, and how do they compete with the other players?

Contact Us:
Meticulous Research®
Email- sales@meticulousresearch.com
Contact Sales- +1-646-781-8004
Connect with us on LinkedIn- https://www.linkedin.com/company/meticulous-research

3D Printing

5G Technology

Advanced Chemical & Materials

Agrochemicals

Algae Products

Alternative Proteins

Animal Health

Artificial Intelligence

Automotive Technologies

Big Data Analytics

Climate Technologies

Edible Insects

Electric Vehicle

Food & Agriculture Technologies

Hydrogen Technologies

Internet Of Things

In Vitro Diagnostics

Laboratory Instrumentation

Language Learning Technologies

Medical Technologies

Next Generation Technologies

Processing & Packaging Technologies

Robotics & Automation

Smart Technologies

Water & Wastewater Technologies

Miscellaneous / Others

Redding, California - July 2, 2024

3D Printing Plastics Market to be Worth $7.8 Billion by 2031

3D Printing Plastics Market Size, Share, Forecast, & Trends Analysis by Type (Polylactic Acid, Polycarbonate, Polyamide), Form (Filament, Pellets, Powder), Technology (FDM, SLA, SLS), End-use Industry (Manufacturing, Healthcare, Automotive), and Geography - Global Forecast to 2031

Recommended Readings

Advanced Chemical &
Materials

Food & Agriculture
Technologies

Next Generation
Technologies

Processing & Packaging
Technologies

Water & Wastewater
Technologies