3D Printing Plastics Market: CAGR of 26.1% Predicted for 2023!
The 3D printing plastics market is projected to reach a CAGR of 26.1% and touch $1,965.3 million by 2023. The major driving factor for the market is the rising demand for:
- Bio-based plastics
- 3D printing technology across numerous end-user industries.
- Forward integration by leading plastic manufacturers
Let us look at how plastics are classified on the basis of type, form, application, and industry in the 3D printing segment.
1) On the basis of type:
- Photopolymer
- ABS
- Polyamide
- PLA
2) On the basis of form:
- Filament
- Liquid/Ink
- Powder
3) On the basis of application:
- Prototyping
- Manufacturing
4) On the basis of end-use industry:
- Healthcare
- Aerospace & defense
- Automotive
- Electrical & electronic
Based on the type, the photopolymer segment is expected to dominate the market in the coming years owing to the rising demand from laser sintering technology.
Based on form, the filament segment is predicted to dominate the 3D printing plastics market. This is due to its large-scale use in industrial and general applications. Moreover, the powder segment is also predicted to have the highest CAGR through 2023 due to the growth of laser sintering technology.
Based on application, the prototyping segment is expected to dominate the 3D printing plastics market in 2023, and this trend is expected to continue growing. Also, the manufacturing segment is predicted to have a high CAGR during the forecast period.
When it comes to the region, the Asia Pacific countries are expected to have a high CAGR between 2021 and 2021. Europe and North America are also predicted to remain the major players in the 3D printing plastics market. This is due to the strong presence of defense, healthcare and aerospace industries, which are the primary end-users of 3D printing plastics.
In conclusion, as 3D printing technology advances, the implementation of 3D printing plastics will continue to witness a huge demand and the market will most likely see massive growth for the years to come.
Sources:
https://www.marketsandmarkets.com/Market-Reports/3d-printing-plastic-market-21707470.html
- online casino india
- best online casino in india
- best online casino india
- online casino india real money
- online casino in india
- online casino games in india
- online casino games india
- online casino real money india
- best casino in india online
- online casino games for real money
- casino in india online
- casino games india
- best casino in india
- online casino game real money
- casino india online
- crazy time casino india
- casino online india
- online casino play for real money
- casino games in india
- best online live casino india
Leave a Reply Cancel reply
Recent Posts
Categories
- 3D Printing
- AIPMA
- Automation
- Automobile Sector
- Bio Plastics
- Environment
- Innovations In Recycling
- Latest Innovations
- Molds & Dies
- News
- Packaging Industry
- Plastic
- Plastic Application
- Plastic Industry
- Plastic Market
- Plastic Myths
- Plastic News From The World
- Plastic Packaging
- Plastic Products
- Plastic Recycling
- Plastic Solar Cells
- Plastic Waste
- Plastic World
- Plastics
- Plastics And Their Applications
- Plastics In Agriculture
- Plastics In Healthcare
- Plastics In Medical Industry
- Plasticulture
- Processing Machinery
- Recycling Machines
- Robotics
- Uncategorized
- Virtual Reality
Archives
- June 2023 (1)
- May 2023 (2)
- April 2023 (2)
- March 2023 (2)
- February 2023 (2)
- January 2023 (2)
- December 2022 (3)
- November 2022 (1)
- October 2022 (1)
- September 2022 (2)
- August 2022 (1)
- July 2022 (3)
- May 2022 (3)
- March 2022 (2)
- February 2022 (1)
- January 2022 (1)
- September 2021 (2)
- August 2021 (3)
- July 2021 (4)
- June 2021 (4)
- May 2021 (3)
- April 2021 (2)
- March 2021 (4)
- November 2019 (8)
- October 2019 (8)
- September 2019 (8)
- August 2019 (8)
- July 2019 (8)
- June 2019 (8)
- May 2019 (8)
- April 2019 (8)
- March 2019 (8)
- February 2019 (12)
- January 2019 (8)
- December 2018 (8)
- November 2018 (12)
- October 2018 (12)