Deep Analysis of Impact of COVID-19 on “3D Printing Plastics Market 2019-2025” Growth Worldwide….



The global 3D printing plastics market size is likely to reach USD 1.98 billion by 2025, according to a new study by Grand View Research, Inc., rising at a CAGR of 24.9% during the forecast period. Spiraling demand for 3D printing plastics, particularly from the medical and aerospace & defense industries, is anticipated to contribute to the growth of the market during the forecast period.
Key manufacturers engaged in manufacturing 3D printing plastic filaments include 3D Systems Corporation; Arkema Inc.; Envisiontec Inc.; Stratasys Ltd.; and Materialse NV. Market participants are engaged in expanding the range of 3D printing plastics as well as their applications. As technologies are rapidly advancing, manufacturers of 3D printed plastics are focusing on streamlining pre and post production processes.
The 3D printing plastics market is benefitting from favorable government support in key economies such as the U.S. and China. 3D printed products assist significantly in attaining economies of scale through consumption of lesser lead time, reduced costs, and mitigated risks. 3D plastics also allows easier customization as per consumer needs. Thus, there is an upsurge in the demand for 3D printing plastics from various end use industries such as automotive, medical, and electrical & electronics.
Adoption rate of 3D printing is poised to witness sharp rise across several new end user industries, which in turn is expected to lead to higher demand for printing materials such as plastics. Functional prototyping, tooling, and designing have enabled extensive applications of 3D printing across newer application areas.
Consumer goods is emerging as a significant application of 3D plastic products on account of reduced lead time offered by additive manufacturing techniques. Innovative additive manufacturing solutions enable production of designer parts with complex geometries, thus, facilitating manufacturers to cater to rising consumer needs for personalized parts.Photopolymers was the dominant plastic segment in terms of both revenue and volume in 2017.
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Heightened demand for photopolymers can be attributed to high consumption in production of industrial prototypes through the utilization of SLA technology. Polyamide/Nylon is estimated to experience the fastest growth rate during the forecast period on account of rising demand from both domestic as well as commercial applications. Use of polyamide/nylon is accompanied by laser sintering technology.
Further key findings from the repot suggest:
·         North America will be the dominant regional market in the global arena in terms of revenue throughout the forecast period, while Asia Pacific is projected to register the highest CAGR of 26.7% during the same period. Favorable government policies in Asia Pacific region particularly in China and India are likely to drive market growth
·         Photopolymers was the largest type segment in the global 3D printing plastics market in 2017. Photopolymers are used extensively across several end-user industries as it acts as a binder, additive, colorant, plasticizer, and chemical agent in the 3D printed product
·         In April 2018, 3D Systems Corporation participated in RAPID+TCT 2018 held in the U.S. Product portfolio of the company consisted of several solutions, which would aid manufacturers in switching from prototyping to production and to recognize their competitive advantages. Figure 4™ platform demonstrates optimum throughput and accuracy necessary for production of plastic part.
Applications of 3D printing are widening across different Application industries. Nowadays, 3D printing is extensively used to manufacture shoes, musical instruments, building parts, car components, dental, jewellery, functional ceramics, robots, prosthetics, and casts. Growing investments in these business sectors coupled with favourable government support are expected to trigger the demand for 3D printing plastics.
Rapid advancements in various materials and technologies are helping the market gain traction. In addition, ability to produce tools, prototypes, fixtures, and other finished products through utilization of additive manufacturing will further stimulate the demand for 3D printing plastics.
3D printing or additive manufacturing is considered highly efficient as compared to various other traditional manufacturing methods. It enables production by reducing time, efforts, and costs incurred in a project. Moreover, it does not even require specialized tooling to create a prototype. Additive manufacturing also avoids several tooling related constraints for geometries.
3D printing plastic filaments dominated the market in terms of revenue in 2017. They are manufactured and marketed in two diameters only, which includes 1.75mm and 3mm. Their versatile properties coupled with surge in demand from several application industries such as food packaging, tableware, upholstery, and disposable garments are estimated to drive the demand during the forecast period.
3D printing inks are projected to witness promising growth during the same period on account of ongoing research & development activities as well as investments to develop smart inks. These inks enable 3D printed structures to change their shape as well as colour, thereby enhancing their functionality. Moreover, researchers are focusing on developing low cost options to manufacture critical parts in application areas such as biomechanics and energy.
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https://www.grandviewresearch.com/press-release/global-3d-printing-plastics-market
Grand View Research has segmented the global 3D printing plastics market on the basis of type, form, application:
3D Printing Plastics Type Outlook (Volume, Tons; Revenue, USD Million, 2014 - 2025)
·         Photopolymers
·         ABS & ASA
·         Polyamide/Nylon
·         Polylactic acid
·         Others
3D Printing Plastics Form Outlook (Volume, Tons; Revenue, USD Million, 2014 - 2025)
·         Filament
·         Ink
·         Powder
3D Printing Plastics Application Outlook (Volume, Tons; Revenue, USD Million, 2014 - 2025)
·         Automotive
·         Medical
·         Aerospace & Defense
·         Consumer Goods
About Grand View Research
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.


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