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3D Printing Polymers Market: Global Opportunity Analysis and Industry Forecast, 2020 - 2027

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Sep 2020 | 50 Views
 
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3D Printing Polymers Market Analysis 2020-2027:

3D printing polymers are used to create 3D objects, which have wide applications across various industries. The polymers are added in layers to create 3-dimensional objects. 3D printing has gained popularity due to its rapid manufacturing of components for various end-use applications. Polymers continue to be one of the most used materials in 3D printing. Benefits, such as economical cost, lesser time, and less complexity, make it preferable by many industries. Earlier, mud and metals were the materials used to make tools and utensils. However, technological advancements have led to intervention of modern techniques, such as 3D printing technology, which are increasingly used in mass customization, healthcare industry, automotive industry, locomotive industry and aviation industry. Therefore, the increased demand for the product across various end users is expected to propel the market growth over the forecast period.

 

Market scope and structure analysis:

                    Report Metric

                                                 Details

  Market size available for years

  2019–2027

  Base year considered

  2019

  Forecast period

  2020–2027

  Forecast unit

  Value (USD Million)

  Segments covered

  Type, Form, Application, End-use Industry

  Regions covered

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

  Companies covered

Advanc3d Materials, Advanced Powders and Coatings, Cookson Precious Metals, Excel Tec, Form labs, Toner Plastic, TLC Korea, Taulman 3D, Maker Juice, and Legor Group

 

By Type

  • Photopolymer
  • ABS
  • Polyamide
  • PLA

By Form

  • Filament
  • Liquid/Ink
  • Powder

By Application

  • Prototyping
  • Manufacturing

By End-use Industry

  • Healthcare
  • Aerospace &Defense
  • Automotive
  • Electrical & Electronics

COVID–19 scenario analysis

The coronavirus outbreak has severely affected most of the major industries such as automotive, electrical, and aircraft. The lockdown has reduced the demand for consumer products, thereby declining the demand for 3D printing. Moreover, travel restriction across the world has reduced the use of automobiles while aircraft companies halted their production. This may result in declining demand for 3D printing polymers. Stay home policy has created lack of manpower, which further reduces the market growth over the forecast period.

Market scenario analysis

The increase in demand for 3D printing polymers in the automotive and healthcare industries is a major factor that is expected to boost the 3D printing polymers market growth. The ease of customization coupled with favorable government investments is further expected to boost the market growth. Moreover, rise in demand for 3D printing polymers from industries, such as automotive and aerospace, is also anticipated to augment the market growth. Furthermore, increase in aircraft manufacturing for defense and commercial purposes is also expected to drive the market growth over the forecast period. However, rise in environmental concerns regarding the use of plastics has forced governments to implement stringent rules for production activities, which are expected to hinder the market growth.

Market trends

One of the recent trends observed is the introduction of additive manufacturing that enables the design and rapid manufacturing of materials with complex microstructures. Computer-based design software is used to design virtual objects. Further, polymer is the most preferred material for additive manufacturing due to its versatility and various mechanical & chemical properties. Proper architectural design along with good choice of polymer increases functionalities, mechanical properties, porosity, and stability of the product.

In addition, another trend observed is the use of 3D printing polymers in the healthcare industry is to imitate the bones for replacement and tissues for transplant. 

Market drivers

3D printing polymers are expected to grow significantly over the forecast period. Cost effectiveness and its other reliable properties are the major factors that drive the market growth over the forecast period. Favorable government initiatives and rise in investments for R&D activities in various developing countries further drive the growth of the market. Moreover, technological advancements and product development increase the applications in various end-use industries. Furthermore, ease of availability of materials, accurate printing speeds, lower labor costs, and high demand in the end-use industry are expected to propel the 3D printing polymers market over the forecast period.

Regional insights

Asia Pacific is the market leader of the global 3D printing polymers market during the forecast period. This growth is attributed to booming automotive and medical manufacturing industries in developing countries such as India and China. North America is also expected to grow significantly, owing to its technologically advanced 3D printing industry. However, low capital investment and lack of skilled labor in the additive manufacturing industry are expected to limit the growth of the market in the region.

Key benefits of the report:

  • This study presents the analytical depiction of the 3D printing polymers market along with the current trends and future estimations to determine the imminent investment pockets.
  • The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the 3D printing polymers market share.
  • The current market is quantitatively analyzed from 2020 to 2027 to highlight the 3D printing polymers market growth scenario.
  • Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market. 
  • The report provides a detailed analysis based on competitive intensity and how the competition will take shape in coming years. 

Questions answered in the 3D printing polymers market research report:

  • Which are the leading market players active in the 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 are the projections for the future that would help in taking further strategic steps?
 
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