3D Printing Plastics Market is projected to grow up to USD 2434 million by 2027 growing at a CAGR of 31% during the forecasting period 2021-2027.
In addition to breakthroughs in 3D printing materials such as ceramics and plastics, technological advancements in additive manufacturing have a substantial impact on the perception of 3D printing and the production process associated with it. Materials used in 3D printing prototypes include polymers, plastics, and metals, among others. Plastics are becoming increasingly common among the materials used to create 3D printing prototypes.
Because of the high cost of 3D printed plastic parts, the market as a whole is stagnant. Costs associated with the purchase of 3D printing equipment are significant. The nature of commercial grade equipment is that it is quite capital intensive. Furthermore, the costs of 3D printing materials and plastics are greater since they are premium grades intended specifically for 3D applications in diverse end-use sectors.
Based on application, the market is divided into prototyping and manufacturing. The prototype segment accounted for the majority of market share, while the production segment is expected to expand rapidly throughout the projection period. Aerospace & Defense, Automotive, Healthcare, and Electrical & Electronics are the end-use industries that the market is divided into.
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The 3D Printing Plastics Market report has been categorized as below
Aerospace & defense
Electrical & electronics
Rest of World
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