3D Printing Plastics Market Global drivers, restraints, opportunities Trends and Forecasts until 2022
The 3D printing technology, also known as additive manufacture or additive manufacturing, uses a printer to create tangible and physical objects. The digital file, also known as computer-aided designs, is created according to the printer type, materials and print requirements. According to the type of material, there are three main segments: commodity polymers, high-performance polymers and bioplastics. The main application areas of 3D printing plastic materials are in aerospace & defense automotive and healthcare among others.
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Report Ocean Research predicts that the global market for 3D printed plastics will grow at a rate of 26,5% over the forecast period, reaching $1.34 billion in 2022. Asia Pacific is the region with the highest growth rate. It is also expected to adopt more 3D printing technologies, which will increase the value of the market in Japan, China, and India. Asia Pacific will contribute to the highest growth of the global 3D-printing plastic materials market.
Globally, the demand for 3D-printed plastic materials is higher in developed countries. However, the developing world is catching up. Plastic materials are consumed in large quantities by the aerospace and automotive industries due to their constantly changing product designs. In addition, the lightweight OEM components that improve fuel economy and reduce carbon emissions are another factor driving the exponential growth in 3D printing plastics.
The fast-growing technology industries in these areas and the expanding manufacturing market are supporting this growth. North America currently leads the world in 3D printing plastics from a demand perspective. Europe, on the other side, has the advantage that it has large consumption and manufacturing markets. It is therefore the second largest contributor to the global 3D-printing plastics market. Europe, Asia Pacific and North America are the top two markets for 3D-printed plastics. The European market has also seen a large capital investment in 3D printer technology by Tier 1 companies. This is increasing regional competition.
Report Ocean Research has conducted a study on the plastics 3D printing market. It provides information about the market’s size, trends and factors that affect it short and long term. The study provides a 360-degree view of the industry, allowing for a complete understanding. These insights will help business decision-makers make better plans for their future businesses and take informed decisions. The study also helps venture capitalists to understand the companies and make informed decisions. Stratasys SABIC BASF DOW Chemicals and 3D Systems are some of the major players in the 3D printed plastics market.
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Report Scope
Material Type
> Commodity Polymers
> High Performance Polymers
> Biodegradables
> Elastomers
> Others (Acrylic and Epoxy)
By end-users
> Aerospace & Defense
> Automotive
> Healthcare
> Consumer Products/Electronics
> Others
The Regions
> Asia Pacific
> North America
> Europe
> Rest of the World
Industry outlook: Trends, drivers, restraints and opportunity
Reports can be arranged by region/country.
The Regions
Asia Pacific
North America
Europe
Rest of the World
The Report Covers Key Players
3D plastics printing market is Stratasys 3D Systems ExOne HP Materialise LG Chemicals, etc.
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