3D Printing Plastic Market Worth 692.2 Million USD by 2020
PUNE, India, March 18, 2016 /PRNewswire/ --
The report "3D Printing Plastic Market by Type (Photopolymers, ABS, PLA, Polyamide/Nylon, Others), by Form (Filament, Ink, Powder), by Application, by End-User Industry, and by Region - Global Forecasts to 2020", published by MarketsandMarkets, The market growth of USD 692.2 Million by 2020, at a CAGR of 25.7% from 2015 to 2020.
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Browse 73 Tables and 54 Figures spread through 155 Pages and in-depth TOC on "3D Printing Plastic Market"
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The 3D printing plastic market is forecast based on two scenarios as its growth is primarily based on the adoption of 3D printing technology by end-use industries. Scenario one represents comparatively normal growth whereas scenario two projects exponential growth. Scenario one predicts a comparatively normal growth of USD 692.2 Million by 2020, at a CAGR of 25.7% from 2015 to 2020, whereas scenario two predicts market to reach USD 822.7 Million by 2020, at a CAGR of 34.6% from 2017 to 2020.
Healthcare and aerospace & defense segments to dominate 3D printing plastic market
Healthcare and aerospace & defense are two highly critical segments which demand for stringent product dimensions along with their compositions. Hence, the manufacturing of products demands for precision work. 3D printing by laser sintering technology and fused deposition modeling provides them a perfect solution in manufacturing standards. ABS, photopolymers, and polyamide accounted for the largest share of the plastics used in 3D printing.
The rate of adoption in automotive industry in near future is expected to define growth of 3D printing plastics
The automotive industry provides high prospects for the growth of 3D Printing Plastic Market along with the consumer goods market. With mass production using techniques such as injection molding, automotive industry is strategically a large market for 3D printing. The demand for 3D printing plastics is expected to rise when the impetus of automotive industry shifts from mass production to mass customization.
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North America market is expected to witness high growth with increasing demand from end-use industries in the region
North American market for 3D printing plastics is expected to register high growth due to increased rate of adoption in end-use industries. North America is the largest market for 3D printing plastics with Mexico an emerging market in the region, followed by Europe. Europe has large number of suppliers of 3D printing plastics with major focus on Western Europe which includes Germany, the U.K., France, Italy, and others. Asia-Pacific is an emerging market for the same.
The key players operational in the market include 3D Systems Corporation (U.S.), EOS GmbH (Germany), Arkema SA (France), Evonik AG (Germany), Stratasys (U.S.), and others.
Key strategic activities in the market including mergers & acquisitions, collaborations and partnerships, new product launches, and other developments have been covered, which provides a deep insight about the market growth. This report estimates 3D printing plastic market size in terms of value and volume. It provides a comprehensive review of important drivers, challenges, opportunities, and key issues in the market. The market has been segmented by application (commercial, hobbyist), by type (photopolymers, ABS, polyamide, PLA, others), by end user (aerospace & defense, healthcare & medical, consumer goods, automotive, others), by form (filament, powder, ink), and by region.
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