Home Report Store 3D Printing PLA Market

3D Printing PLA Market by Application (Consumer Products, Automotive Parts, Industrial Applications, Healthcare, Aerospace and Defense, Others) And Geography - Global Forecast To 2027

Report ID:MRCHM - 104456 Pages: 120 Jun-2021 Formats*: PDF Category: Chemicals and Materials Delivery: 2 to 4 Hours

The 3D Printing PLA Market is expected to grow at a CAGR of 19.8% from 2020 to 2027 to reach $818 million by 2027. 3D printing has been evolving rapidly and is expected to provide an ideal alternative to manufacturing processes. PLA (Polylactic acid) material is effective in designing prototypes for equipment and machines. PLA is derived from natural sources, such as sugarcane and corn starch, making it environment-friendly and cost-effective. This technology is used across various industry verticals, such as automotive, food packaging, and consumer goods. The growth of the 3D printing PLA market is mainly attributed to the rising demand for bioplastics, favorable government initiatives, and the performance benefits of PLA. Additionally, the rising adoption of PLA in the healthcare sector provides significant growth opportunities for players operating in this market.

Rising demand for bioplastics to propel market growth

Bioplastics help in eliminating the amount of waste emerging from 3D printing discards. Hence, they are used in many different projects, from marine applications to medical implants to manufacturing. PLA filament has wide adoption in 3D printing because it is made from renewable products, such as corn starch and sugarcane. It is biodegradable and does not release toxic fumes when oxygenated. Hence, PLA is gradually replacing traditional polymers, such as Polypropylene, Polystyrene, and ABS.

3D Printing PLA Market

Click here to: Get a Free Request Sample Copy of this report

Favorable government initiatives to support market growth

Governments are undertaking initiatives to support the use of bioplastics and provide subsidies to encourage bio-degradable products. The rising environmental concerns have increased awareness regarding the environmental benefits of PLA. Governments in various countries are focused on encouraging sustainable products across industries to reduce carbon dioxide emissions, which has led to the introduction of various initiatives that include incentives, tax credits, and subsidies. Moreover, rising investments by private and public organizations in the research & development of bioplastics are likely to support the growth of the 3D printing PLA market.

Impact of COVID-19 on the 3D Printing PLA market

The effect of COVID- 19 has had a wide-scale impact on the daily life of the common man, and it has significantly affected the healthcare sector due to severe shortages of critical medical equipment, such as masks, face shields, PPE kits, ventilators, and hospital beds.

The 3D printing industry has rapidly adapted to COVID-19 crisis requirements, and the global demand for 3D printing PLA is expected to witness a significant increase from the healthcare sector. 3D printing technology can boost the supply of medical equipment, particularly ventilators. There have been recent initiatives and collaborations by 3D printing companies, hospitals, government organizations, and researchers to utilize the capabilities of 3D printing for manufacturing critical medical equipment, including masks, face shields, PPE kits, and hoods for non-invasive ventilation in CPAP/PEEP respiratory support. For instance, 3D printing companies have developed cutting-edge manufacturing ventilators, where a single ventilator can cater to multiple patients using a 3D printed ventilator splitter.

Although a dramatic shortage of PLA filaments is observed in the 3D printing industry amidst the rising demand for medical devices, the supply chains have not reacted quickly enough to deliver PLA filaments where necessary. The exponential growth in demand for medical equipment during the COVID-19 pandemic is expected to create immense opportunities for companies operating in the 3D printing PLA market in the coming years.

Key Findings in the 3D Printing PLA Market Study:

During the forecast period, the consumer products segment is expected to hold the largest share

Based on application, in 2020, the consumer products segment is projected to account for the largest share of the 3D printing PLA market. The large share of this segment is mainly attributed to the booming consumer electronics industry & advancements in technology and the growing need to develop customized products, increasing in-house production. Moreover, 3D printing technology aids the functional prototyping, design, tooling, and series part production of consumer products, thereby driving the adoption of 3D printing technology to develop consumer products.

The electronic component segment is expected to hold the largest share during the forecast period

Based on the type of consumer products, the electronic components segment is poised to command the largest share of the 3D printing PLA market in 2020. The factors attributed to the large share of this segment are the rapidly growing adoption of PLA in the manufacturing of electronic components and the rising demand for sustainable and eco-friendly electronic components. Moreover, 3D printing is widely adopted in the consumer electronics industry to increase agility in the development & manufacture of consumer products, reduce the time to market, and boost manufacturing efficiency.

The equipment & machines segment to lead in terms of market share through 2027

Based on the type of industrial applications, the equipment and machines segment is expected to command the largest share of the 3D printing PLA market. The large share of equipment and machine segment is majorly attributed to the wide and adoption of 3D printing PLA in the designing prototyping of equipment and machines owing to its sustainable and eco-friendly nature, emphasis on enhancing the strength of the filament to allow for flexibility in production and prototyping of machines, and reduction in lead time allowing inexpensive production of a product in much smaller volumes or on a case-by-case basis.

The Asia-Pacific region is poised to grow at the fastest CAGR during the forecast period

The high growth of 3D Printing PLA in the Asia-Pacific region is majorly attributed to the robust industrial base, increased funding for research & development, and government-led strategies & policies, such as digitalization Industry 4.0. Moreover, the increasing adoption of digitalization strategies across developing nations, the booming consumer products market, and the growing adoption of 3D printing in the healthcare, construction, and education sectors provide significant growth opportunities for 3D printing PLA in the Asia-Pacific region. The North American region is expected to lead the market in terms of market share during the forecast period.

Key Players

The report includes a competitive landscape based on an extensive assessment of the key strategic developments adopted by leading market participants in the industry over the past three years. The key players operating in the 3D printing PLA market are Stratasys Ltd. (Israel), Colorfabb B.V. (Netherlands), Ultimaker B.V. (Netherlands), Polymaker (China), Torwell Technologies Co. Ltd. (China), Matterhacker Inc. (U.S.), Evonik Industries AG (Germany), BASF SE (Netherlands), Zortrax (Poland), Fillamentum (Czech Republic), Sculpteo (France), Formfutura (Netherlands), IC3D Inc. (U.S.), Protoplant Inc. (U.S.), and Amolen (China).

Scope of the Report

3D Printing PLA Market, by Application

Consumer Products
- Electronic Components
- Jewelry, Artistic Items, and Other Products
Automotive Parts
Industrial Applications
- Equipment & Machines
- Goods & Materials
Healthcare
Aerospace & Defense
- Prototype Weapons
- Body & Spare Parts
Other Applications

3D Printing PLA Market, by Geography

North America
- U.S.
- Canada
Europe
- Germany
- U.K
- France
- Italy
- Spain
- Russia
- Rest of Europe
Asia-Pacific (APAC)
- Japan
- China
- South Korea
- India
- Rest of Asia-Pacific (RoAPAC)
Latin America
Middle East and Africa

Key questions answered in the report-

Which application showcases high growth opportunities for 3D printing PLA market players?

Based on application, in 2020, the healthcare segment is expected to grow at the highest CAGR in the 3D printing PLA market.

What are the key factors driving the growth of the 3D printing PLA market? What are the major opportunities for existing market players and new entrants in the market?

The rising demand for bioplastics, favorable government initiatives, and the performance benefits of PLA are driving the growth of this market. Moreover, the rising adoption of PLA in the healthcare sector is providing significant growth opportunities for players operating in the 3D Printing PLA market.

Who are the major key players operating in the 3D printing PLA market?

The key players operating in the 3D printing PLA market are Stratasys Ltd. (Israel), Colorfabb B.V. (Netherlands), Ultimaker B.V. (Netherlands), Polymaker (China), Torwell Technologies Co. Ltd. (China), Matterhacker Inc. (U.S.), Evonik Industries AG (Germany), BASF SE (Netherlands), Zortrax (Poland), Fillamentum (Czech Republic), Sculpteo (France), Formfutura (Netherlands), IC3D Inc. (U.S.), Protoplant Inc. (U.S.), and Amolen (China).

Which regions/countries expected to witness significant demand for 3D printing PLA in the coming years?

At present, North America dominated the 3D printing PLA market. However, Asia-Pacific is expected to grow at the highest growth rate over the coming years.

Enquire

Check Discount

Related Tag: 3D Printing PLA Market Automotive Industrial Automation

Advanced Chemical and Materials

Chemicals and Materials

1. Introduction
1.1. Market Definition
1.2. Currency and Limitations
1.2.1. Currency
1.2.2. Limitations
1.3. Key Stakeholders

2. Research Methodology
2.1. Research Process
2.2. Data Collection & Validation
2.2.1. Secondary Research
2.2.2. Primary Research
2.3. Market Assessment
2.3.1. Market Size Estimation
2.3.1.1. Bottom-Up Approach
2.3.1.2. Top-Down Approach
2.3.1.3. Growth Forecast
2.4. Assumptions for the Study
2.5. Limitations for the Study

3. Executive Summary

4. COVID-19: Impact Assessment

5. Market Insights
5.1. Introduction
5.2. Market Dynamics
5.2.1. Drivers
5.2.1.1. Rising Demand for Bioplastics
5.2.1.2. Favourable Government Initiatives
5.2.1.3. Performance Benefits of PLA
5.2.2. Restraints
5.2.2.1. High Cost of PLA
5.2.3. Opportunities
5.2.3.1. Rising Adoption of PLA in the Healthcare Sector
5.2.4. Challenges
5.2.4.1. Lack of Awareness and Technical Knowledge Regarding 3D Printing
5.3. Trends
5.3.1. Growing Number of Companies Entering the Polymers Market
5.4. Value Chain Analysis

6. Global 3D Printing PLA Market, By Application
6.1. Introduction
6.2. Consumer Products
6.2.1. Electronic Components
6.2.2. Jewelry, Artistic Items, and Other Products
6.3. Automotive Parts
6.4. Industrial Applications
6.4.1. Equipment & Machines
6.4.2. Goods & Materials
6.5. Healthcare
6.6. Aerospace & Defense
6.6.1. Prototype Weapons
6.6.2. Body & Spare Parts
6.7. Other Applications

7. 3D Printing PLA Market, By Geography
7.1. Introduction
7.2. North America
7.2.1. U.S.
7.2.2. Canada
7.3. Europe
7.3.1. Germany
7.3.2. U.K.
7.3.3. Italy
7.3.4. France
7.3.5. Russia
7.3.6. Spain
7.3.7. Rest of Europe (RoE)
7.4. Asia-Pacific
7.4.1. China
7.4.2. Japan
7.4.3. South Korea
7.4.4. India
7.4.5. Rest of Asia-Pacific (RoAPAC)
7.5. Latin America
7.6. Middle East and Africa

8. Competitive Landscape
8.1. Introduction
8.2. Key Growth Strategies
8.3. Competitive Analysis
8.3.1. Colorfabb B.V.
8.3.2. Ultimaker
8.3.3. Polymaker

9. Company Profiles
9.1. Stratasys, Ltd.
9.1.1. Business Overview
9.1.2. Product Portfolio
9.1.3. Strategic Developments
9.2. Colorfabb B.V.
9.2.1. Business Overview
9.2.2. Product Portfolio
9.2.3. Strategic Developments
9.3. Ultimaker Bv
9.3.1. Business Overview
9.3.2. Product Portfolio
9.3.3. Strategic Developments
9.4. Polymaker
9.4.1. Business Overview
9.4.2. Product Portfolio
9.4.3. Strategic Developments
9.5. Torwell Technologies Co., Ltd.
9.5.1. Business Overview
9.5.2. Product Portfolio
9.6. Matterhackers, Inc.
9.6.1. Business Overview
9.6.2. Product Portfolio
9.7. Evonik Industries Ag
9.7.1. Business Overview
9.7.2. Product Portfolio
9.7.3. Strategic Developments
9.8. Basf Se
9.8.1. Business Overview
9.8.2. Product Portfolio
9.9. Zortrax
9.9.1. Business Overview
9.9.2. Product Portfolio
9.9.3. Strategic Developments
9.10. Fillamentum
9.10.1. Business Overview
9.10.2. Product Portfolio
9.10.3. Strategic Developments
9.11. Sculpteo (A Brand of Basf)
9.11.1. Business Overview
9.11.2. Product Portfolio
9.11.3. Strategic Developments
9.12. Formfutura
9.12.1. Business Overview
9.12.2. Product Portfolio
9.12.3. Strategic Developments
9.13. Ic3d, Inc.
9.13.1. Business Overview
9.13.2. Product Portfolio
9.13.3. Strategic Developments
9.14. Protoplant, Inc.
9.14.1. Business Overview
9.14.2. Product Portfolio
9.14.3. Strategic Developments
9.15. Amolen
9.15.1. Business Overview
9.15.2. Product Portfolio

10. Appendix
10.1. Questionnaire
10.2. Available Customization

List Of Tables

Table 1 Global 3D Printing PLA Market Size, By Application, 2018-2027(USD Million)
Table 2 Global 3D Printing PLA Market Size for Consumer Products, By Type, 2018-2027 (USD Million)
Table 3 3D Printing PLA Market Size for Consumer Products, By Country/Region,
2018-2027 (USD Million)
Table 4 3D Printing PLA Market Size for Electronic Components, By Country/Region,
2018-2027 (USD Million)
Table 5 3D Printing PLA Market Size for Jewellery, Artistic Items, And Other Products,
By Country/Region, 2018-2027 (USD Million)
Table 6 3D Printing PLA Market Size for Automotive Parts, By Country/Region, 2018-2027 (USD Million)
Table 7 Global 3D Printing PLA Market Size for Industrial Applications, By Type,
2018-2027 (USD Million)
Table 8 3D Printing PLA Market Size for Industrial Applications, By Country/Region,
2018-2027 (USD Million)
Table 9 3D Printing PLA Market Size for Equipment & Machines, By Country/Region,
2018-2027 (USD Million)
Table 10 3D Printing PLA Market Size for Goods & Materials, By Country/Region,
2018-2027 (USD Million)
Table 11 3D Printing PLA Market Size for Healthcare, By Country/Region, 2018-2027
(USD Million)
Table 12 Global 3D Printing PLA Market Size for Aerospace & Defense, By Type, 2018-2027 (USD Million)
Table 13 Global 3D Printing PLA Market Size for Aerospace & Defense, By Country/ Region 2018–2025 (USD Million)
Table 14 3D Printing PLA Market Size for Prototype Weapons, By Country/Region,
2018-2027 (USD Million)
Table 15 3D Printing PLA Market Size for Body & Spare Parts, By Country/Region,
2018-2027 (USD Million)
Table 16 3D Printing PLA Market Size for Other Applications, By Country/Region,
2018-2027 (USD Million)
Table 17 North America: 3D Printing PLA Market Size, By Country, 2018-2027 (USD Million)
Table 18 North America: 3D Printing PLA Market Size, By Application, 2018-2027
(USD Million)
Table 19 North America: 3D Printing PLA Market Size for Consumer Products, By Type,
2018-2027 (USD Million)
Table 20 North America: 3D Printing PLA Market Size for Industrial Applications,
By Type, 2018-2027 (USD Million)
Table 21 North America: 3D Printing PLA Market Size for Aerospace & Defence,
By Type, 2018-2027 (USD Million)
Table 22 U.S.: 3D Printing PLA Market Size, By Application, 2018-2027 (USD Million)
Table 23 U.S.: 3D Printing PLA Market Size for Consumer Products, By Type, 2018-2027
(USD Million)
Table 24 U.S.: 3D Printing PLA Market Size for Industrial Applications, By Type, 2018-2027 (USD Million)
Table 25 U.S.: 3D Printing PLA Market Size for Aerospace & Defence, By Type,
2018-2027 (USD Million)
Table 26 Canada: 3D Printing PLA Market Size, By Application, 2018-2027 (USD Million)
Table 27 Canada: 3D Printing PLA Market Size for Consumer Products, By Type, 2018-2027 (USD Million)
Table 28 Canada: 3D Printing PLA Market Size for Industrial Applications, By Type,
2018-2027 (USD Million)
Table 29 Canada: 3D Printing PLA Market Size for Aerospace & Defence, By Type,
2018-2027 (USD Million)
Table 30 Europe: 3D Printing PLA Market Size, By Country, 2018-2027 (USD Million)
Table 31 Europe: 3D Printing PLA Market Size, By Application, 2018-2027 (USD Million)
Table 32 Europe: 3D Printing PLA Market Size for Consumer Products, By Type, 2018-2027 (USD Million)
Table 33 Europe: 3D Printing PLA Market Size for Industrial Applications, By Type,
2018-2027 (USD Million)
Table 34 Europe: 3D Printing PLA Market Size for Aerospace & Defence, By Type, 2018-2027 (USD Million)
Table 35 Germany: 3D Printing PLA Market Size, By Application, 2018-2027 (USD Million)
Table 36 Germany: 3D Printing PLA Market Size for Consumer Products, 2018-2027
(USD Million)
Table 37 Germany: 3D Printing PLA Market Size for Industrial Applications, By Type,
2018-2027 (USD Million)
Table 38 Germany: 3D Printing PLA Market Size for Aerospace & Defence, By Type,
2018-2027 (USD Million)
Table 39 U.K.: 3D Printing PLA Market Size, By Application, 2018-2027 (USD Million)
Table 40 U.K.: 3D Printing PLA Market Size for Consumer Products, By Type, 2018-2027
(USD Million)
Table 41 U.K.: 3D Printing PLA Market Size for Industrial Applications, By Type,
2018-2027 (USD Million)
Table 42 U.K.: 3D Printing PLA Market Size for Aerospace & Defence, By Type,
2018-2027 (USD Million)
Table 43 Italy: 3D Printing PLA Market Size, By Application, 2018-2027 (USD Million)
Table 44 Italy: 3D Printing PLA Market Size for Consumer Products, By Type, 2018-2027
(USD Million)
Table 45 Italy: 3D Printing PLA Market Size for Industrial Applications, By Type, 2018-2027 (USD Million)
Table 46 Italy: 3D Printing PLA Market Size for Aerospace & Defence, By Type,
2018-2027 (USD Million)
Table 47 France: 3D Printing PLA Market Size, By Application, 2018-2027 (USD Million)
Table 48 France: 3D Printing PLA Market Size for Consumer Products, By Type, 2018-2027 (USD Million)
Table 49 France: 3D Printing PLA Market Size for Industrial Applications, By Type,
2018-2027 (USD Million)
Table 50 France: 3D Printing PLA Market Size for Aerospace & Defence, By Type, 2018-2027 (USD Million)
Table 51 Russia: 3D Printing PLA Market Size, By Application, 2018-2027 (USD Million)
Table 52 Russia: 3D Printing PLA Market Size for Consumer Products, By Type, 2018-2027 (USD Million)
Table 53 Russia: 3D Printing PLA Market Size for Industrial Applications, By Type,
2018-2027 (USD Million)
Table 54 Russia: 3D Printing PLA Market Size for Aerospace & Defence, By Type, 2018-2027 (USD Million)
Table 55 Spain: 3D Printing PLA Market Size, By Application, 2018-2027 (USD Million)
Table 56 Spain: 3D Printing PLA Market Size for Consumer Products, By Type, 2018-2027
(USD Million)
Table 57 Spain: 3D Printing PLA Market Size for Industrial Applications, By Type,
2018-2027 (USD Million)
Table 58 Spain: 3D Printing PLA Market Size for Aerospace & Defence, By Type,
2018-2027 (USD Million)
Table 59 Rest of Europe: 3D Printing PLA Market Size, By Application, 2018-2027
(USD Million)
Table 60 Rest of Europe: 3D Printing PLA Market Size for Consumer Products, By Type,
2018-2027 (USD Million)
Table 61 Rest of Europe: 3D Printing PLA Market Size for Industrial Applications,
By Type, 2018-2027 (USD Million)
Table 62 Rest of Europe: 3D Printing PLA Market Size for Aerospace & Defence,
By Type, 2018-2027 (USD Million)
Table 63 Asia-Pacific: 3D Printing PLA Market Size, By Country, 2018-2027 (USD Million)
Table 64 Asia-Pacific: 3D Printing PLA Market Size, By Application, 2018-2027 (USD Million)
Table 65 Asia-Pacific: 3D Printing PLA Market Size for Consumer Products, By Type,
2018-2027 (USD Million)
Table 66 Asia-Pacific: 3D Printing PLA Market Size for Industrial Applications, By Type, 2018-2027 (USD Million)
Table 67 Asia-Pacific: 3D Printing PLA Market Size for Aerospace & Defence, By Type,
By Type, 2018-2027 (USD Million)
Table 68 China: 3D Printing PLA Market Size, By Application, 2018-2027 (USD Million)
Table 69 China: 3D Printing PLA Market Size for Consumer Products, By Type, 2018-2027
(USD Million)
Table 70 China: 3D Printing PLA Market Size for Industrial Applications, By Type,
2018-2027 (USD Million)
Table 71 China: 3D Printing PLA Market Size for Aerospace & Defence, By Type,
2018-2027 (USD Million)
Table 72 Japan: 3D Printing PLA Market Size, By Application, 2018-2027 (USD Million)
Table 73 Japan: 3D Printing PLA Market Size for Consumer Products, By Type, 2018-2027
(USD Million)
Table 74 Japan: 3D Printing PLA Market Size for Industrial Applications, By Type, 2018-2027 (USD Million)
Table 75 Japan: 3D Printing PLA Market Size for Aerospace & Defence, By Type,
2018-2027 (USD Million)
Table 76 South Korea: 3D Printing PLA Market Size, By Application, 2018-2027 (USD Million)
Table 77 South Korea: 3D Printing PLA Market Size for Consumer Products, By Type,
2018-2027 (USD Million)
Table 78 South Korea: 3D Printing PLA Market Size for Industrial Applications, By Type, 2018-2027 (USD Million)
Table 79 South Korea: 3D Printing PLA Market Size for Aerospace & Defence, By Type,
2018-2027 (USD Million)
Table 80 India: 3D Printing PLA Market Size, By Application, 2018-2027 (USD Million)
Table 81 India: 3D Printing PLA Market Size for Consumer Products, By Type, 2018-2027
(USD Million)
Table 82 India: 3D Printing PLA Market Size for Industrial Applications, By Type, 2018-2027 (USD Million)
Table 83 India: 3D Printing PLA Market Size for Aerospace & Defence, By Type,
2018-2027 (USD Million)
Table 84 RoAPAC: 3D Printing PLA Market Size, By Application, 2018-2027 (USD Million)
Table 85 RoAPAC: 3D Printing PLA Market Size for Consumer Products, By Type, 2018-2027 (USD Million)
Table 86 RoAPAC: 3D Printing PLA Market Size for Industrial Applications, By Type,
2018-2027 (USD Million)
Table 87 RoAPAC: 3D Printing PLA Market Size for Aerospace & Defence, By Type, 2018-2027 (USD Million)
Table 88 Latin America: 3D Printing PLA Market Size, By Application, 2018-2027
(USD Million)
Table 89 Latin America: 3D Printing PLA Market Size for Consumer Products, By Type,
2018-2027 (USD Million)
Table 90 Latin America: 3D Printing PLA Market Size for Industrial Applications, By Type, 2018-2027 (USD Million)
Table 91 Latin America: 3D Printing PLA Market Size for Aerospace & Defence, By Type,
2018-2027 (USD Million)
Table 92 Middle East & Africa: 3D Printing PLA Market Size, By Application, 2018-2027
(USD Million)
Table 93 Middle East & Africa: 3D Printing PLA Market Size for Consumer Products,
By Type, 2018-2027 (USD Million)
Table 94 Middle East & Africa: 3D Printing PLA Market Size for Industrial Applications,
By Type, 2018-2027 (USD Million)
Table 95 Middle East & Africa: 3D Printing PLA Market Size for Aerospace & Defence,
By Type, 2018-2027 (USD Million)
Table 96 Recent Developments, By Company, 2017–2020

List of Figures

Figure 1 Scope of the Global 3D Printing PLA Market
Figure 2 Key Stakeholders of the Global 3D Printing PLA Market
Figure 3 Research Process
Figure 4 Key Secondary Sources
Figure 5 Primary Research Techniques
Figure 6 Key Executives Interviewed
Figure 7 Breakdown of Primary Interviews
Figure 8 Market Size Estimation
Figure 9 The Healthcare Segment to Witness Significant Growth in the 3D Printing PLA Market, 2020-2027
Figure 10 Global 3D Printing PLA Market Share, By Geography, 2020
Figure 11 Market Dynamics
Figure 12 Bioplastics: Global Production Capacities
Figure 13 Value Chain of the 3D Printing PLA Market
Figure 14 Global 3D Printing PLA Market Size, By Application, 2020—2027 (USD Million)
Figure 15 Key Adopters of 3D Printing PLA Products (2020)
Figure 16 Key Growth Strategies Adopted By Leading Players, 2017-2020
Figure 17 Stratasys: Financial Overview, 2019
Figure 18 Evonik Industries Ag: Financial Overview, 2019
Figure 19 Basf Se: Financial Overview, 2019