3D Printing Polymers Market Size, Industry Analysis Report, Regional Outlook, Growth Potential, Competitive Market Share & Forecast, 2021 – 2027
Report ID: GMI3864
3D Printing Polymers Market size is rapidly growing due to the rising demand of the product in healthcare and aerospace & defense industry.
Global healthcare industry is growing significantly owing to rising healthcare expenditure, increasing ageing population, rapid development in healthcare infrastructure in emerging countries, development in personalized medicines, etc. Global healthcare expenditure was accounted over USD 7 billion in 2018 and is expected to grow at a rate over 5% in coming years. Well-established healthcare industry in North America and Europe is witnessing technological advancement such as introduction of artificial intelligence in healthcare, development of new healthcare tools, etc. However, it has also enabled the major industry players to shift their focus on the rapidly growing healthcare industry in the Asia Pacific region. The region is projected to become the new innovation hub for OEM devices and drug testing. Indian healthcare industry is likely to grow at a high rate owing to robust development in tier-2 and tier-3 cities, increasing population, government initiatives such as Abhiman Bharat, etc. The country has witnessed foreign direct investment in healthcare sector of over USD 5.5 billion between 2000 & 2018 and medical tourism is likely to experience a growth rate of more than 20% in near future. 3D printing polymers are extensively used in healthcare industry for prosthetics, prototyping, custom orthodontic implants, training, medical instruments, models to direct surgery, tissue used in testing & transplants, pharmaceutical testing & production, etc. Rapidly growing healthcare industry will drive the demand of 3D printing polymers in coming years.
Another major factor that will drive the growth of 3D printing polymer market size is growing automobile industry. Global automotive production has increased by more than 9% between 2013 and 2018. It can be attributed to increasing automobile demand, increasing spending power, escalating automobile production and investments in Asia Pacific region, etc. 3D printing polymers have wide range of application in automotive sector such as automotive component design, air ducts, tooling & prototyping, etc. owing to excellent mechanical strength and high robustness. The growth of global automotive industry will prosper the demand of 3D printing polymers in near future.
3D printing polymer market is segmented based on the product application, type and region. Based on product type, 3D printing polymer is segmented into nylon, polyethylene, ABS (acrylonitrile butadiene styrene), PLA (polylactic acid) and PVA (polyvinyl alcohol plastic). ABS is likely to have significant market share due to its extensive use in many end-use industries. It can be attributed to its excellent properties in terms of durability, resistance, strength, flexibility, etc. However, as ABS is derived from petroleum-based raw materials, it possesses some issues related to biodegradability and will be replaced by environment-friendly, bio-degradable and organic product types such as PLA in many applications, which will result in higher growth rate of PLA in coming years.
In the application segment, aerospace & defense application will have substantial market share due to increasing product demand in the industry. 3D printing polymer is used for jigs & fixtures, mounting brackets, surrogates, high detail visual prototypes, etc. Healthcare and automotive application segments will also have significant market share in 3D printing polymer market due to many product applications in these industries.
North America will have substantial share in 3D printing polymers market size. USA, world’s largest aircraft manufacturing country, accounts for more than 30% of the global expenditure on aerospace & defense. In addition to that, the country is the second largest automotive manufacturer in the world. Further development in the regional aerospace & defense and automotive industry coupled with mature healthcare industry will propel the product demand in coming years.
Some of the key players in 3D printing polymers market are BASF SE, ELIX Polymers, Evonik, Arkema Group, Solvay, etc.
3D Printing Polymers Market, By Type, 2014-2025
- PLA (polylactic acid)
- ABS (acrylonitrile butadiene styrene)
- PVA (polyvinyl alcohol plastic)
3D Printing Polymers Market, By Application, 2014-2025
- Aerospace & defense
The above information has been provided for the following regions and countries:
- North America
- South Korea
- Latin America
- South Africa
- BASF SE
- ELIX Polymers
- Arkema Group
- Carbon Inc
- EOS group
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