As per the recently published report by MarketsandMarkets™, The “3D Printing Plastics Market by Type (Photopolymer, ABS, Polyamide, PLA, PETG), Form, Application (Prototyping, Manufacturing, Tooling), End-Use Industry (Healthcare, Aerospace & Defense, Automotive, Consumer Goods), and Region- Global Forecast to 2028″, is estimated at USD 1.7 billion in 2023 and is projected to reach USD 4.4 billion by 2028, at a CAGR of 22.0% from 2023 to 2028. 3D printing plastics, also known as 3D printing filaments, refer to the thermoplastic materials used as feedstock for fused deposition modeling (FDM) 3D printers. These materials come in various types with different properties, offering a wide range of choices for engineering-grade materials, elastomers, and composites. The main types of 3D printing plastics include thermoplastics, which are the most commonly used type of plastic, and thermosetting materials, which are also used in 3D printing processes. The selection of the right 3D printing plastic depends on the specific performance requirements, such as chemical, optical, mechanical, and thermal characteristics, as well as the intended use of the 3D printed parts. The 3D printing plastics are used in various industries for making toys, models, prototypes, molds, and even end-use parts, offering a wide range of applications.
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- 356 Market data Tables
- 63 Figures
- 307 Pages and in-depth TOC on “3D Printing Plastics Market – Global Forecast to 2028”
This report also provides a comprehensive analysis of the companies listed below:
Major manufacturers in this market are based in Asia Pacific, North America and Europe. 3D printing plastics market are 3D Systems Corporation (US), Arkema (France), BASF SE (Germany), Stratasys, Ltd. (US), Solvay (Belgium), Shenzhen eSUN Industrial Co., Ltd. (China), Evonik Industries AG (Germany), EOS (Germany), Formlabs (US), SABIC (Saudi Arabia), CRP TECHNOLOGY S.r.l. (Italy), Henkel AG & Co. KGaA (Germany), Huntsman International LLC (US), Ensinger (Germany), and Zortrax (Poland) are among a few leading players operating in the 3D printing plastics market. Major focus was given to the development of new manufacturing processes for 3D printing plastics and recent deals due to the changing requirements across the world. These players have adopted various growth strategies to strengthen their position in the market. These include product launches, contracts, partnerships, mergers and acquisitions, and new product development activities to expand their presence in the 3D printing plastics market further.
Recent Developments in 3D Printing Plastics Market Industry
- In December 2023, Shenzhen Esun Industrial Co., Ltd. Completed the acquisition of Hi-Tech Changjiang PLA Co., Ltd. Hi-Tech Changjiang was established in 2000, and since 2006, the company has been involved in the research and production of polylactic acid fiber and related products such as PLA yarn, PLA staple, and PLA non-woven fabric.
- In October 2023, Arkema collaborated with industry leaders, including EOS, HP, and Stratasys, to continue offering customers more sustainable, high-performance plastics and materials, such as HP 3D High Reusability PA12S, for additive manufacturing.
- In March 2023, Solvay and Airborne receive funding for a composite alternative to metal battery enclosures. This collaboration with Airborne, a technology leader in advanced composites manufacturing using automation and digitalization, has already received letters of support from Jaguar Land Rover and Vertical Aerospace. They see great potential in the design of more compact and lightweight enclosures for high-energy batteries in future electric cars and aircraft and are interested in the sustainability aspect of this project which aims to reuse composite waste.
- In September 2023, Evonik and chemical and mineral specialties group LEHVOSS Group have entered into a strategic partnership in industrial 3D printing. The core content of the collaboration consists of two key initiatives: Based on Evonik’s PA613 polymer chemistry, LEHVOSS will develop its 3D printing formulations under its own LUVOSINT product branding.
- In May 2023, Stratasys and Desktop Metal, Inc. announced that they have entered into a definitive agreement whereby the companies will combine in an all-stock transaction valued at approximately USD 1.8 billion. The transaction unites the polymer strengths of Stratasys with the complementary industrial mass production leadership of Desktop Metal’s brands, creating an additive manufacturing company that is expected to be well-positioned to serve customers’ evolving needs in manufacturing.
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Stratasys, Ltd. (US) – Stratasys, Ltd. is a manufacturer of 3D printing plastics. Stratasys, Ltd. is a global leader in connected, polymer-based 3D printing solutions, which it provides at every stage of the product life cycle, with multiple technologies and complete solutions for superior application fit across design and manufacturing. The company’s focus, in particular, is on polymer 3D printing solutions that address the fastest-growing manufacturing solutions, which it views as the biggest potential growth opportunity in the 3D printing industry.
The company has focused on the adoption of organic and inorganic strategies to cement its position as the market leader in the 3D printing plastics market. This includes the various product launches and developments and acquisitions, which have been supported by several contracts, collaborations, and partnerships with businesses from across the world.
Arkema (France) – Arkema is a chemical producer that provides specialty chemicals and advanced materials. The company manufactures various products for the construction, packaging, chemical, automotive, electronics, food, and pharmaceutical industries. It operates through three business segments: high-performance materials, industrial specialties, and coating solutions. The company offers 3D printing plastic materials through its coating solutions business segment. The company outlines long term agreement as one of the key practices for growing its 3D printing plastics business.
Evonik Industries AG (Germany) – Evonik Industries is one of the major chemical and specialty chemical companies. The company operates its business through five segments, namely, technology & infrastructure, performance materials, smart materials, nutrition & care, and special additives. The company has over 20 years of expertise in developing and manufacturing 3D printing materials, offering a diverse portfolio of thermoplastic and elastomeric materials for various 3D printing technologies. Evonik’s 3D printing plastics are used in industrial applications, including the production of plastic parts, medical devices, and other end-use products. The company’s 3D printing materials include nylon powders, elastomers, PEEK filaments, specialized photopolymers, and bioresorbable polymers for medical applications. Evonik’s involvement in the 3D printing industry extends to investment in software start-ups that support industrial companies in adopting 3D printing technologies.
The 3D printing plastics market has been studied in North America, Europe, Asia Pacific, Latin America and Middle East and Africa. The Asia Pacific 3D printing plastics market is experiencing explosive growth, fueled by a potent mix of factors. Soaring demand from industries like aerospace, automotive, and wind energy is at the forefront, with China leading the charge. China, the world’s one of the largest 3D printing plastics producer and consumer, is driving the market with its booming domestic aircraft and electric vehicle production. This insatiable demand for lightweight and fuel-efficient materials is propelling the region’s 3D printing plastics market to new heights. Countries like Japan and South Korea, with their established automotive and electronics industries, are also contributing significantly to the regional market growth. Their focus on technological advancements and sustainability goals aligns perfectly with the advantages of 3D printing plastics, ensuring continued demand in the years to come.
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