Plastic is a most commonly used material for the 3D printing. Photopolymer, polylactic acid and ABS & ASA are some common types of 3D Printing Plastics used in various end-use industries for instance aerospace & defense, automotive, medical, and others. 3D printing has a massive impact on the automotive sector owing to latest advances in the additive manufacturing. Some of the key properties of 3D printing plastics include clarity in the image, high impact resistance, high durability, excellent UV & temperature resistant, high chemical resistance, sliding friction, high rigidity, and dimensional stability among others. These properties are extensively fueling the demand for 3D printing plastics in various end-use industries across the Europe region.
As per analysis, “Europe 3D Printing Plastics Market 2020-2030 by Polymer Type, Material Form, Technology, Use Type (Commercial, Personal), Application, End User, and Country: Trend Forecast and Growth Opportunity” the key companies operating in the Europe 3D printing plastics market include BASF 3D Printing Solutions GmbH, 3D Systems Corporation, Aviv3D, Clariant, Arkema S.A., Carbon3D, Inc., Asiga, Dowdupont Inc., Evonik Industries AG, Envisiontec GmbH, CRP Group, Golden Plastics, Eos GmbH Electro Optical Systems, Dowdupont Inc., Materialise NV, HP Inc., FormLabs Inc., Polyone Corporation, HP Inc., Mcor Technologies Ltd., Hunan Farsoon High-Tech Co., Ltd, Oxford Performance Materials, Proto Labs, Inc., Polyone Corporation, Ricoh Company Ltd., Prodways Technologies, Saudi Basic Industries Corporation (SABIC), Royal DSM N.V., Voxeljet AG, Stratasys Ltd., XYZ Printing, Inc., Ultimaker B.V. and among others.
By polymer type, Europe 3D printing plastics market can be segregated as Polycarbonate, Polypropylene, Polyvinyl Alcohol (PVA), Polyethylene, Acrylonitrile Butadiene Styrene (ABS), Polylatic Acid (PLA), Nylon, Thermoplastics and Photopolymers. By material form, market can be segregated as filament, liquid form and powder form. By technology, market can be divided as material jetting, Vat photo-polymerization, powder bed fusion, binder jetting, sheet lamination, material extrusion, directed energy deposition and others. By use type, market can be divided as personal and commercial. By application type, market can be divided as functional part manufacturing, tooling, prototyping and others. Additionally, by end-user, market can be divided as fashion & aesthetics, healthcare, automotive, consumer goods & electronics, aerospace & defense and others.
Growth in customization related to 3D printing, followed by increase in integration in industrial application, rise in demand for 3D printing plastic from automotive industry, increase in application of 3D printing plastic, rise in demand for 3D printing plastics in medical devices & equipment, growth in advancements in different materials & technologies, rise in usage of 3D printing plastic in the healthcare sector, surge in government research & development support are some major factors, which are responsible for growth of the Europe 3D printing plastics market. Apart from this, rise in environmental concerns related to the employment of plastics is a major hindering factor for market. Moreover, growth in adoption of latest technology like grapheme open-up new application is a leading opportunity for market.
It is projected that future of the Europe 3D printing plastics market will be optimistic on account of increase in investments by chemical companies coupled with rise in adoption of 3D printing technology in end-use industries during the forecast period.
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Ankur Gupta, Head Marketing & Communications