3D Printing, also known as additive manufacturing. It is called so since it descriptive of how the technology works, by successively adding thin layers of microns to create the object of desire. 3D printing technologies have evolved drastically but they still work on this same, basic principle of adding layers over layers. The process of printing a desired object takes three steps – designing 3D file of the desired object, the actual printing process which uses plastics, ceramics, glass, food, textiles and then, the finishing process which needs specific skills and expertise like to be sanded, lacquered or painted. This technology is continuously growing and the processes are ever changing. Depending on factors like budget, function and design, desirable material for printing is used. This technology is helpful in creating many new objects which earlier wasn’t possible due to mass productions.
The report “3D Printing Plastics Market – Global Drivers, Restraints, Opportunities, Trends, and Forecasts up to 2022” gives a detailed analysis on the 3D printing plastics market on the global level. The report provides market size information and their trends with parameters impacting it in the short term and long term. This report gives a complete over – view of the market with important insights of the industry. These will help in making strategic and informed business decisions which will help the investors invest accordingly. The key players in the global market for 3D printing plastics are Stratasys, SABIC, DOW Chemicals, BASF, and 3D Systems.
Regionally, North America has the highest market share for 3D printing plastics. It has been heavily supported by governmental support, China included. This is preferred since it helps in achieving economies of scale with reduced manufacturing costs, lower risks and lead time. Due to these reasons, they are highly demanded in various industries like automotive, electrical, FMCGs, electronics and engineering. Higher adoption rates of 3D printing technologies are also expected to lead to increase in demand for the base material of plastics. Segment – wise, consumer goods are the fastest observant of the technology wince additive manufacturing has led to significant decrease in the lead time.
Lead players in the market have adopted various organic and inorganic growth strategies to enter the markets. Expansions, mergers & acquisitions and collaborations have led to more competition in the market which has helped in gaining economies of scale, thus reducing production costs.
To know more, click on the link below:-
Global 3d Printing Plastics Market Size Study, By Type (Photopolymer, Abs, Polyamide, Pla, Others), By End-User (Healthcare, Aerospace & Defence, Automotive, Electrical & Electronics, Others), By Form (Filament, Liquid/Ink, Powder) And Regional Forecasts 2018-2025
Ankur Gupta, Head Marketing & Communications