Global Competitive Analysis of 3D Printing Plastic Market

Posted 2021-11-08 02:23:55

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3D Printing Plastic Market: Introduction

Plastic is a material that is made of synthetic or semi-synthetic compounds. These compounds have the property of being malleable, i.e. they are capable of changing their shape. Most plastics are synthetic and are commonly derived from petrochemicals.
The global 3D printing plastic market is expected to expand significantly during the forecast period. Growth in consumption of these plastics in manufacturing and production units is driving the global 3D printing plastic market. Increase in technological advancements is expected to boost the market during the forecast period.

Rise in demand for 3D printing plastic among manufacturing and production companies is anticipated to propel the global 3D printing plastic market. High rise in demand for 3D printing plastic in sectors such as electrical & electronics, aerospace & defense, and health care is estimated to augment the global 3D printing plastic market. Rise in usage of these plastics in medical devices, orthopedic and orthodontics surgical implants such as knee implants, shoulder implants, hip implants, and dental implants of various types is likely to drive the global 3D printing plastic market during the forecast period.
Rise in demand for laser technology in various sectors and increased support from commercial sectors are expected to fuel the demand for 3D printing plastic.
Various governments are banning the usage of plastic. This is likely to hamper the market. Nonetheless, wide commercial and general usage of 3D printing plastic is projected to boost the global market in the near future.

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The 3D printing plastic market can be segmented based on type, form, application, end-use industry, and region
Based on type, the global 3D printing plastic market can be segmented into photopolymer, ABS, polyamide, and PLA
Based on form, the global 3D printing plastic market can be divided into filament, liquid/ink, and powder
Based on application, the global 3D printing plastic market can be segregated into prototyping and manufacturing
Based on end-use industry, the global 3D printing plastic market can be classified into aerospace & defense, health care, automotive, and electrical & electronics

Emergence of the new COVID strain in many developed and developing countries has adversely affected the health care infrastructure. Hospital staff, medicines, oxygen beds, and ventilators are in short supply. Supply chains are facing disruptions, which is leading to disturbances in production activities in many countries.
On January 30, 2020, the International Health Regulations Emergency Committee of the World Health Organization (WHO) declared the Coronavirus disease (COVID-19) outbreak a public health emergency of international concern. Originating in China, the virus has spread to at least 213 countries and territories around the world.

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In terms of geography, the global the global 3D printing plastic market can be split into North America, Latin America, Asia Pacific, Europe, and Middle East & Africa
Asia Pacific is projected to dominate the global 3D printing plastic market due to the rise in demand for these plastics in automotive, electrical & electronics, and health care sectors in the region
North America is yet another potentially lucrative region of the global market, fueled by several government initiatives to support research in 3D printing plastic
The 3D printing plastic market in Middle East & Africa is estimated to expand at a sluggish pace during the forecast period

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Key players operating in the global 3D printing plastic market are likely to adopt new strategies to penetrate the global 3D printing plastic market
They are investing in research and development and technological advancement to introduce innovative products in the market. These companies are likely to enter agreement, mergers, collaboration, and acquisition to sustain themselves in the highly competitive market.
Stakeholders of the global 3D printing plastics also include raw material providers who provide their products to several end-users across various industries. They are also involved in printing plastic grades that may suit a particular technology.

Key manufacturers operating in the global 3D printing plastic market include:

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