Browse 301 tables and 65 figures spread over 299 pages and an in-depth Table of Contents on the “3D Printing Plastics Market”.
The 3D plastics printing market is revolutionizing the manufacturing industry, bringing design innovation, sustainability and diverse applications to industries.
3D Printing Plastics Market to Reach USD 1,907 Million by 2027. This is a projected CAGR of 21,5%. The additive manufacturing method, 3D printing, is used to develop objects layer by layer using thin materials, based on 3D digital models. The technology is sophisticated and allows for the printing of multiple objects within a short amount time, without requiring an expensive equipment set-up. AutoCAD, high-performance materials and printers are used to create 3D objects using 3D printing. 3D technology relies heavily on printing materials, which must meet the requirements for the final products.
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Major drivers of the 3D Printing Plastics Market include an increase in supply due to integration by major polymer manufacturers, mass customization and initiatives taken by different governments to encourage adoption of 3D technologies across industries. Market growth can be hindered by concerns over the environmental impact of 3D printed plastic products. Other factors include skepticism about new technologies being accepted in emerging economies and certification requirements for certain grades of 3D printers. Manufacturers can benefit from the growing demand of bio-based 3D printed plastics and composite 3D printed plastics for various industrial applications. Manufacturers face challenges such as the rapid evolution of 3D-printing technologies and high costs for commercial 3D printing materials.
Companies operating in the 3D printing plastics market have strengthened their position by adopting expansions, partnerships, agreements, new product/technology launches, joint ventures, contracts, and mergers & acquisitions from 2017-2022. Evonik, for example, launched VESTAKEEP iC4800 & 3DF in March 2022 during the AAOS Trade Show in Chicago.
3D Systems Corporation (US), Stratasys, Inc. (US), Covestro AG (Germany), Arkema S.A. (France), Evonik Industries (Germany), BASF SE (Germany), Henkel (Germany), EOS GmbH Electro Optical Systems (Germany), Solvay S.A. (Belgium), SABIC (Saudi Arabia), E.I. du Pont de Nemours & Company (US), Shenzhen eSUN Industrial Co., Ltd. (China), Hunstman Corporation (US), CRP Technology S.r.L (Italy), and Formlabs Inc (US) are some of the key players in the 3D printing plastics market.
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3D Systems Corporation offers a comprehensive range of 3D-printing and digital manufacturing products, such as 3D printers and materials for metals and plastics. They also offer advanced manufacturing and design services, and software. These solutions can be used for advanced applications within two important industry verticals – Healthcare (which covers dental devices, medical services, personalized healthcare, and regenerative medicines) and Industry (which encompasses aerospace, defence, transportation, and general manufacturing). Its products and services are marketed through its subsidiaries and channel partners across North America and South America as well as Europe, Middle East and Africa, Asia-Pacific, Oceania and Asia-Pacific.
Arkema produces chemicals, including specialty materials and chemical compounds. It manufactures products that are used in industries such as construction, packaging and chemical industries. The company operates in three segments: industrial specialties and coating solutions. It offers 3D materials in its coating solutions segment. The company has aggressively promoted the use of powder-grade 3D printing materials such as Orgasol or Rilsan that are used for the laser sintering. Arkema is also working on the development of range-specific grades for Kepston PEKK Powders that are used in laser sintering. These products can be promoted directly by Arkema or indirectly through the printer makers in the market. Production centers are located in Europe and North America. The company operates via a number of subsidiaries such as XL Brands.
Stratasys, Ltd., a leader in polymer 3D-printing solutions, is a leading global provider of connected, polymer based solutions. It offers multiple technologies, complete solutions, and superior fit for design, manufacturing, and healthcare. The company is focusing on the polymer-based 3D printer solutions to address the fastest growing manufacturing solutions. It believes that this represents the greatest potential for growth within the 3D print industry. Utilizing distinct competitive advantage, which include best-in class 3D printing platform, software, material and technology partner eco-systems, innovative leadership and a worldwide GTM Infrastructure, the company will be able to continue expanding its leadership in this important and growing global market.
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