3D printing plastics are a thermoplastic. They include elastomers based on polybutadiene which makes them more flexible. They are also used for the development & production of advanced custom polymers & compounded products. They offer many advantages such as easily accessible, creative designs & customization freedom, supplies better quality and implement assorted raw material, less waste production, and reduce risk.
According to study, “Global 3D Printing Plastics Market Size study, by Type (Photopolymer, ABS, Polyamide, PLA, Others), by End-User (Healthcare, Aerospace &Defence, Automotive, Electrical & Electronics, Others), by Form (Filament, Liquid/Ink, Powder) and Regional Forecasts 2018-2025” some of the major companies that are currently working in the global 3D printing plastics market are Stratasys, Ltd., 3D Systems Corporation, Golden Plastics, Royal DSM N.V., Arkema S.A., ColorFabb, Oxford Performance Materials, Eos GmbH Electro Optical Systems, CRP Group, Polymaker, Envisiontec GmbH, BASF 3D Printing Solutions GmbH, Shenzhen eSUN industrial Co. Ltd., Materialise NV, Saudi Basic Industries Corporation (SABIC), Evonik Industries AG, Clariant, Dowdupont Inc., HP Inc., Ninjaflex, Airwolf3D, Taulamn3D, Matterhackers Inc.
Based on the type, the 3D printing plastics market is segmented into polyamide or nylon, photopolymer, Polyether Ether Ketone (PEEK), Poly Carbonate (PC), Polyethylene Terephthalate Modified Glycol (PETG), Polylactic Acid (PLA) and Acrylonitrile Butadiene Styrene (ABS). Based on the form, the market is segmented into filament, powder and liquid or link. Based on the technology, the market is categorized into Selective Laser Sintering (SLS) and Fused Deposition Modeling (FDM). Based on the application, the market is segmented into manufacturing and prototyping. Based on end-user, market is segmented into electrical &consumer electronics, fashion & aesthetics, healthcare (dental, implants & prosthetics and tissue engineering), automotive, aerospace & defense (engine & engine parts, prototyping and repair application) and others (architecture and academic).
The global 3D printing plastics registered an increasing supply of the products owing to the advance integration of the key polymer organizations &growing adoption rate of 3D printing plastics across end-user. Moreover, the increasing awareness of plastic materials in the emerging countries like India is one of the key factors enhancing the market opportunities. Apart from advantages, some of the major restraint factors are lack of acceptance of new technologies in emerging economies, high manufacturing costs of the commercial grades of 3D printing plastics, environmental concerns regarding the disposal of these products and evolving 3D printing technologies etc. Moreover, the new opportunities including the entry of tech giants, and enterprises market, production of low-cost 3D printing materials and evolving start-ups & their partnerships with key players in market. The increasing demand of consumer goods appearing as a significant use of 3D plastic products on an account of the reduced lead time offered by additive manufacturing techniques. The innovative additive manufacturing solutions enable production of designer parts with complex geometries, easing the manufacturers to cater to rising consumer needs for personalized/customized parts
The North American region is the foremost region across the world in terms of market share due to industrial progression & extensive investments for dedicated research & development (R&D) facilities followed by the Asia-Pacific region is also expected to show a high growth rate due to favorable government policies & mounting usage of polymers for the mass production. It is estimated that this market will be reached US $1.9 billion, by 2025.
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Ankur Gupta, Head Marketing & Communications