According to the new market research report "3D Printing Plastics Market by Type (Photo polymer, ABS, Poly amide, PLA), Form (Filament, Liquid/Ink, Powder), End-Use Industry (Healthcare, Aerospace & Defense, Automotive, Electrical & Electronics), Application, and Region - Global Forecast to 2023", published by MarketsandMarkets™, the 3D Printing Plastics Market size is estimated to be USD 615.8 million in 2018 and is projected to reach USD 1,965.3 million by 2023, at a CAGR of 26.1% between 2018 and 2023. Factors such as increasing demand from the healthcare industry and growing demand in manufacturing activities influence the 3D Printing Plastics Market. Aerospace & defense, automotive, and electrical & electronics are the other major end-use industries of 3D printing plastics.
Photopolymer type segment to lead the 3D Printing Plastics Market by 2023
By type, the photopolymer segment is estimated to account for the largest share of the 3D Printing Plastics Market in 2018 and is projected to dominate the market by 2023. Photopolymer that consists of a number of polymers in resin form is largely used in the stereolithography technology (SLA). The polyamide segment is expected to register the highest CAGR during the forecast period.
Filament form segment to lead the 3D Printing Plastics Market by 2023
By form, the filament segment is estimated to account for the largest share of the 3D Printing Plastics Market in 2018 and is projected to dominate the market by 2023. Filament form has high demand in the general as well as commercial applications. The powder segment is the fastest-growing form of the 3D Printing Plastics Market during the forecast period.
Prototyping application to lead the 3D Printing Plastics Market by 2023
By application, the prototyping segment is estimated to account for the largest share of the 3D Printing Plastics Market in 2018 and is projected to dominate the market by 2023. Prototyping generates high demand for 3D printing plastics across various end-use industries. Manufacturing is another key application of 3D printing plastics.
Healthcare end-use industry to lead the 3D Printing Plastics Market by 2023
By end-use industry, the healthcare segment is estimated to account for the largest share of the 3D Printing Plastics Market in 2018 and is projected to dominate the market by 2023. The increasing demand for 3D printing plastics in medical devices and equipment, orthopedics, and dental implants is expected to lead to the market growth in the healthcare industry during the forecast period.
North America to lead the global 3D Printing Plastics Market during the forecast period
North America is estimated to account for the largest share of the global 3D Printing Plastics Market by 2023, followed by Europe and Asia Pacific. The US, Germany, China, Japan, and the UK are among the major consumers of 3D printing plastics in these regions, with the increasing adoption of 3D printing technology in various end-use industries. North America and Europe are witnessing increasing investments from major chemical companies to enter the 3D Printing Plastics Market. These companies are developing 3D printing plastic grades suitable for a particular technology in partnership with printer manufacturers.
The major market players profiled in this report include 3D Systems Corporation (US), Stratasys, Ltd. (US), Arkema SA (France), BASF SE (Germany), Evonik Industries AG (Germany), SABIC (Saudi Arabia), HP Inc. (US), DowDuPont Inc. (US), Royal DSM N.V. (Netherlands), EOS GmbH Electro Optical Systems (Germany), Clariant International Ltd. (Switzerland), CRP Group (US), Envisiontec GmbH (Germany), Materialise NV (Belgium), and Oxford Performance Materials Inc. (US).
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