Seattle, WA -- (SBWIRE) -- 10/24/2019 -- Market Overview:

The 3D printing plastics market is benefitting from favorable government support in key economies such as the U.S. and China. 3D printed products assist significantly in attaining economies of scale through consumption of lesser lead time, reduced costs, and mitigated risks. 3D plastics also allows easier customization as per consumer needs. Thus, there is an upsurge in the demand for 3D printing plastics from various end use industries such as automotive, medical, and electrical & electronics.

Adoption rate of 3D printing is poised to witness sharp rise across several new end user industries, which in turn is expected to lead to higher demand for printing materials such as plastics. Functional prototyping, tooling, and designing have enabled extensive applications of 3D printing across newer application areas.

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Rapid advancements in various materials and technologies are helping the market gain traction. In addition, ability to produce tools, prototypes, fixtures, and other finished products through utilization of additive manufacturing will further stimulate the demand for 3D printing plastics.

3D printing plastics market Type:

Photopolymers was the most prominent plastic type segment in the 3D printing plastics market in 2017. The segment is likely to maintain its position in the market through 2025. Photopolymers are soluble liquid mixture of monomer, polymer base, and oligomers along with a photoinitiator. They are lightly sensitive polymeric materials, which when exposed to light, change their physical as well as chemical properties. Ultra violet rays initiate reaction and change properties of photopolymers. They are extensively utilized in various printing technologies, including inkjet, polyjet, and 3D jetted printing.

3D printing plastics market Applications:

There is a high demand for 3D printing plastics in the aerospace industry. Increasing aircraft manufacturing for defence and commercial purposes is likely to contribute to the growth of the segment. Military aviation is anticipated to witness a decline in terms of revenue on account of reduction in military expenditures in several countries, while commercial aircraft production is poised to flourish on account of boom in passenger air traffic. Airbus Group's A350 and Boeing's Dreamliner are among the most popular aircraft fleets witnessing demand in the aviation industry.

Regional Outlook:

North America was the leading revenue contributor in the global arena in 2017. Asia Pacific is estimated to be the most promising region during the forecast period owing to booming automotive and medical manufacturing industries in emerging economies such as India and China.

North America comprises of matured markets and is characterized by a technologically advanced 3D printing industry. Lack of capital investment and dearth of skilled labour in the additive manufacturing industry are projected to limit the growth of the market. Rise in merger & acquisitions, increasing investments in R&D, operation integration, and site relocations are escalating the growth of the market for 3D printing plastics in North America.

Key Players: 3D Systems Corporation (US), Stratasys, Ltd. (US), Arkema SA (France), BASF SE (Germany), Evonik Industries AG (Germany), SABIC (Saudi Arabia), HP Inc. (US), DowDuPont Inc. (US), Royal DSM N.V. (Netherlands), EOS GmbH Electro Optical Systems (Germany)

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