Global 3D prnting plastics market to grow between 25% to 35% up to 2020

The global 3D printing plastics market is expected to grow at a CAGR of 25.7% between 2015 and 2020 on a first scenario, according to Reportbuyer. The market is projected to be worth US$ 692.2 million by 2020 based on the first scenario, while another scenario predicts the market to reach US$ 822.7 million by 2020, at a CAGR of 34.6% from 2017 to 2020. 

 

A key driving factor for the growth of the 3D printing plastics market are the decreasing crude oil price, which indirectly affects the plastics prices, and availability of wide range of grades as per different applications. The report covers the global 3D printing plastics market segmented on the basis of type, form, application, end-user industry, and region.

 

The global 3D printing plastics market is classified based on different types. The types include photopolymers, ABS, PLA, polyamide/nylon, and others. In the 3D printing plastics market, ABS is estimated to grow at a significant pace during the forecast period. ABS is gaining popularity very rapidly due to increasing demand of ABS filament in FDM or FFM technology due to its mechanical properties over other general grades such as PLA and nylon used in FDM. It is most commonly used in commercial applications. 

 

The market in APAC is expected to grow at the highest CAGR between 2015 and 2020. The growth is attributed to various end-user industries, such as healthcare, consumer goods, and aerospace & defense in this region. The 3D printing industry in this region is largely concentrated in South East Asian region, which is one of the leading markets in term of industrial application. China is the fastest-growing market in the region with low average prices. The cost of raw material plastics is less in Asia-Pacific due to easy availability which promises high growth potential for 3D printing in coming years. It will also help Asia-Pacific to emerge as a global supplier for 3D printing plastics.

 

Several primary interviews with market experts have been conducted across four major regions, namely, North America, Europe, Asia-Pacific, and Rest of the World (Saudi Arabia and Brazil). The primary participants considered for the study are C level executives, managers, and D level executives of the tier 1, tier 2, and tier 3 companies.