The global 3D printing plastic market is anticipated to see an astounding growth throughout the forecast period. The proficient growth in consumption from manufacturing and production units shows a remarkable trend in the worldwide 3D printing plastics market. The significant growth in the technological advancements is probable to take the market forward during the estimate period. Thus, the global 3D printing plastics market is predicted to observe the host of opportunities in forthcoming years.
According to the report analysis, ‘Global 3D Printing Plastics Market 2020-2030 by Polymer Type, Material Form, Technology, Use Type (Commercial, Personal), Application, End User, and Region: Trend Forecast and Growth Opportunity’ states that 3D Systems Corporation, Arkema S.A., Asiga, Aviv3D, BASF 3D Printing Solutions GmbH, Carbon3D, Inc., Clariant, CRP Group, Dowdupont Inc., Envisiontec GmbH, Eos GmbH Electro Optical Systems, Evonik Industries AG, FormLabs Inc., Golden Plastics, HP Inc., Hunan Farsoon High-Tech Co., Ltd, Materialise NV, Mcor Technologies Ltd., Oxford Performance Materials, Polyone Corporation, Prodways Technologies, Proto Labs, Inc., Ricoh Company Ltd., Royal DSM N.V., Saudi Basic Industries Corporation (SABIC), Stratasys Ltd., Ultimaker B.V., Voxeljet AG, XYZ Printing, Inc. and several others are the great corporate which recently operating more effectively in 3D printing plastics market for leading the highest market growth and dominating the handsome value of market share around the globe during the incoming years while spreading the awareness connected to the applications of such, increment in the applications and specifications of such, developing the applications and specifications of such, establishing the several research and development programs, analyzing the strategies and policies of the government as well as corporate, implementing the policies of enlargements and profit making, delivering the better consumer satisfaction, employing the young and active employees and many more.
In addition, the convenient in customized product improvement, coupled with favorable government investments are prospective to augment the market growth. In addition, growing demand from the end-user industries such as automotive, medical, aerospace, and defense are probable to drive the requirement. Recent improvements in the additive manufacturing industry have generated the huge avenues for the automotive industry. It has facilitated the advancements of innovative, stronger, lighter, and harmless components and parts with slighter lead times as well as costs. The OEMs predominantly utilized 3D printing for rapid prototyping. Thus, the increasing product demand in the automotive industry is expected to influence the market growth.
Moreover, growing positive cases of COVID-19 across the worldwide is creating a huge requirement for the 3D printing plastics market. Since the outbreak of COVID-19, the requirement for medical components such as face shields, masks, ventilator vales, and others have observed a surge. Furthermore, the supply scarcity of medical components owing to mounting requirement from across the globe owing to COVID-19 is influencing the adoption of 3D printing. 3D-printing is ideal to bridge the short-term supply gap, as it enables for on-demand manufacturing, customization, and speedy changes to address the requires of dissimilar hospitals, doctors, and personal protection equipment users. It suggests the mass customization for the same or similar costs per unit.
The U.S. dominated the North America market during 2019 and is projected to continue its dominance over the forecast duration. The requirement for 3D printing plastics in the country is majorly created from the increasing medical end-use segment due to the growing elderly population in the country. The significant growth in demand for 3D printing plastics in medical equipment can be accredited to the mechanical and chemical properties suggested by 3D printed plastics.
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Ankur Gupta, Head Marketing & Communications