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3D Printing Plastics Market: Global Opportunity Analysis and Industry Forecast, 2020–2027

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Dec 2020 | 53 Views
 
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3D Printing Plastics Market Analysis 2020-2027:

3D printing plastics is a material that provides three dimensions to solid objects. These materials are manufactured in different forms such as liquid, powder, and solids. 3D printing plastics are gaining high traction in the global market, due to their high density and excellent efficiency. These materials are used in aircraft, commercial, and other household applications. 3D printing technology is witnessing rapid acceptance, thus the market is likely to witness significant growth during the forecast period.

Scope of the report

                  Report Metric

                                      Details

  Market size available for years

  2020–2027

  Base year considered

  2019

  Forecast period

  2020–2027

  Forecast unit

  Value (USD)

  Segments covered

  Type, Form, Application, End User, and Region

  Regions covered

North America (U.S. and Canada), Europe (Germany, UK, France, and the Rest of Europe), Asia-Pacific (China, Japan, India, and the Rest of Asia-Pacific), LAMEA (Brazil, Mexico, and the Rest of LATAM), and the Middle East & Africa

  Companies covered

3D Systems Corporation, Arkema SA, Formlabs, Cookson Precious Metals, Toner plastics, Stratasys Ltd., Materialise NV, Evonik Industries AG, Royal DSM N.V., and Hoganas AB

 

COVID-19 impact analysis

The global market for 3D printing plastic is severely impacted by the outbreak of the COVID-19 pandemic. The decline in industrial activities of commercial and others due to pandemic is anticipated to hamper the 3D printing plastics market growth. In addition, insufficiency in raw material supply will further affect the production rate of 3D printing plastics, thus affecting the 3D printing plastics supply chain management. The pandemic has forced many industries in the market to nearly stop their operations to comply with the government regulations such as social distancing. Thus, 3D printing plastic business conditions have become unstable, globally.

Top impacting factors: market scenario analysis, trends, drivers, and impact analysis

Increase in production of commercial products has positively impacted the market growth. In addition, expansion of the aerospace industry is the primary driver pf the 3D printing plastics market. 3D printing plastics have high demand in electric devices and in making three dimensional solid objects, which help in improving their efficiency and appearances, thereby augmenting the global market growth. Moreover, these plastics exhibit beneficial properties such as strong density high permeability, which boost their demand, globally. However, fluctuation in raw material prices that are used in the production of 3D printing plastics is predicted to hamper the market growth during the forecast period. 

The global 3D printing plastics trends are as follows:    

New product launches to flourish the market

Key players in the global market are launching new products that offer enhanced properties, which improve the efficiency of the product. They have taken the necessary steps to improve the accuracy of new products and overall functionality. Furthermore, market players are seeking opportunities to expand their range of 3D printing plastics products in different segments such as aircraft and other commercial products. Moreover, manufacturers are focusing of different business developmental strategies such as partnerships, acquisitions, agreements to sustain the intense competition and strengthen their foothold in the global market.

Surge in usage in automotive and industrial applications 

3D printing plastics are used for aesthetically enhancing the appearances of objects. In addition, 3D printing plastics are used in household appliances such as air conditioners, commercial refrigerators, and other products. Moreover, 3D printing plastics are used in the automotive industry to reduce the overall weight of the vehicles, as these plastics exhibit weightlessness, thereby enhancing the efficiency of vehicles.

Key segments covered

               Segment

                  Subsegment

  Product

  • Photo Polymer
  • ABS
  • Polyamide
  • PLA

  Application

  • Manufacturing
  • Production
  • Others

  End user

  • Automotive
  • Household
  • Consumer
  • Others

  Region

 

  • North America
  • Europe
  • Asia-Pacific
  • LAMEA

                                                               

Key benefits of the report

  • This study presents the analytical depiction of the global 3D printing plastics industry along with the current trends and market estimation to determine the imminent investment pockets.
  • The report represents information related to key drivers, restraints, and opportunities along with detailed analysis of the 3D printing plastics market.
  • The current market is quantitatively analyzed from 2020 to 2027 to highlight the market growth scenario.
  • The report provides a detailed market analysis depending on competitive and how the competition will take shape in coming years.
  • This report helps users in comprehending the key product segments and their future.

Questions answered in the global 3D printing plastics market research report:

  • Which are the leading market players active in the global 3D printing plastics market?
  • What are the current trends that will influence the market in the next few years?
  • What are the driving factors, restraints, and opportunities of the market?
  • What should be the response of the market players amid the COVID-19 pandemic?
  • What are the projections for the future that would help in taking further strategic steps?
  • What is the outlook of the industry?
  • What are the emerging key segments in the 3D printing plastics market?
  • What are the major changes and assessments in market dynamics?
 
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