Global 3D Printing Plastic and Photopolymer Material Market - Analysis and Forecast, 2017-2023

The global 3D printing plastic and photopolymer materials market is estimated to witness growth at a CAGR of 21.5% over the period of 2017 to 2023. This growth in the market is attributed to the increasing demand from various end use application verticals such as healthcare industry, consumer industry, automotive industry, fashion & aesthetics industry, aerospace & defense industry, education industry, and architecture industry among others.

Plastic and photopolymer 3D printing materials are the most commonly used 3D printing materials in the market today. These materials are cheap as compared to metals and significantly reliable, which is the reason behind their growing popularity.

Plastics, whether in filament or powder form are one of the main material types used in 3D printing. ABS and PLA are the most commonly used plastics in the 3D printing market. The demand has grown tremendously due to growing awareness of the ability to manufacture objects using varied plastic materials. This is expected to continue in the forecast period. As 3D printing matures, developers continue to explore plastic chemistries and capabilities to offer materials that rival more traditional versions. 

Photopolymers continue to be one of the larger groups of materials purchased for use in 3D printing. These are actually thermoset plastics that can be cured or hardened with exposure to some type of light source. Photopolymers developers are expected to take advantage of this characteristic and alter the mix of oligomers and monomers to develop specific physical properties such as stiffness or viscosity. Photopolymers are one of the materials used in 3D printing with potential to make products with better properties. These are however, expensive than plastics. Due to increasing variety of photopolymers, photopolymer based technologies like SLA, PolyJet and DLP, and increasing acceptability across the various industries, the applications of 3D printing with photopolymers are increasing drastically.

The report is a compilation of different segments of global 3D printing plastic and photopolymer materials market including market breakdown by material type, form, technology, application and geographical location. It also includes sections on competitive insights and market dynamics. Herein, the revenue generated from 3D printing plastic and photopolymer materials is tracked to calculate the market size.

While highlighting the key driving and restraining forces for this market, the report also provides a comprehensive section of the application areas of the 3D printing plastic and photopolymer materials market. It also details the key participants involved in the industry.

The report has put special emphasis on the market share and size of healthcare and consumer industry, owing to their large scale share in the current and upcoming market of 3D printing plastic and photopolymer materials. The industry analysis has also been done to examine the impact of various factors and understand the overall attractiveness of the industry. 

The most often used strategies for developing a better hold on to the market have been product launches and developments, business expansions followed by partnerships, agreements & collaborations and mergers & acquisitions . The company profile section includes significant information about the key companies involved along with their financials, financial summaries and key strategies & developmental activities in the recent years. Some of the key players constituting the 3D printing plastic and photopolymer materials market include Stratasys, 3D Systems, Evonik, Formlabs, Envision TEC, DSM Somos, HP, Polymaker, Voxeljet, Arkema, BASF, Ricoh, and Protolabs. These companies provide a broad product portfolio for specific needs and industrial applications.

Photopolymers acquired the largest share of 65%, by revenue, in the global 3D printing plastic and photopolymer materials market in 2016. PLA dominated the 3D printing plastic materials market in 2016, accounting for a market share of 11.8%, by revenue. Similarly, healthcare industry held the highest market share by application vertical, accounting for a market share of 25.9%, by value, in 2016. North America generated the maximum amount of revenue in the year 2016 in the global 3D printing plastic and photopolymer materials market, followed by Europe and Asia-Pacific. APAC currently has the highest potential to grow and dominate in the forecast period. If the industry has the prospects of growing at a similar rapid pace, it will cross $1,865.4 million in revenue by the end of forecast period.

The plastic and photopolymer materials market is at a rapid phase of evolution at present. It is gradually witnessing a dynamic growth rate, with its usage ranging in a variety of end-use applications. Plastics, whether in filament or powder form are one of the main material types used in 3D printing. ABS and PLA are the most commonly used plastics in the 3D printing market. The demand has grown tremendously due to growing awareness of the ability to manufacture objects using varied plastic materials. This is expected to continue in the forecast period. As 3D printing matures, developers continue to explore plastic chemistries and capabilities to offer materials that rival more traditional versions.

Photopolymers continue to be one of the larger groups of materials purchased for use in 3D printing. These are actually thermoset plastics that can be cured or hardened with exposure to some type of light source. Photopolymers developers are expected to take advantage of this characteristic and alter the mix of oligomers and monomers to develop specific physical properties such as stiffness or viscosity. Photopolymers are one of the materials used in 3D printing with potential to make products with better properties. These are however, expensive than plastics. Due to increasing variety of photopolymers, photopolymer based technologies like SLA, polyJet and DLP, and increasing acceptability across the various industries, the applications of 3D printing with photopolymers are increasing drastically.

The global 3D printing plastic and photopolymer materials market is estimated to reach $1865.4 million by 2023. This is driven by a number of factors such as their cost effectiveness as compared to metals, reliable properties, government initiatives and rising investments for R&D, advancement in technologies and product development, ease of availability of materials, accurate printing speeds, lower labor costs and high demand in the end-use industry. However, high initial investments, barriers to recycling of plastic waste, lack of skilled labor and copyright infringements are some of the factors which are hampering the growth of 3D printing plastic and photopolymer materials market. Production of low cost plastic and photopolymer 3D printing materials, entry of more tech giants like HP, evolving startups and their partnerships with key players in the market, opportunities in the enterprise market, healthcare opportunities, tremendous potential for growth in automotive and aerospace & defense industry, and growing demand from emerging economies are expected to create opportunities in the 3D printing plastic and photopolymer materials market.

In terms of value, photopolymers dominated the global 3D printing plastic and photopolymer market with a share of 65% in 2016. Photopolymers cater to the impending demand of a number of application verticals which is the major reason behind their largest market share. This category is also growing at a fast pace because of their increasing involvement in various end use applications.

The 3D printing plastic and photopolymer materials market is segmented into two types namely, plastics and photopolymers. Plastics are further segmented into PLA, ABS, PC and nylon among others. Photopolymer materials dominated the global 3D printing plastic and photopolymers materials market with the market share of approximately 65% in 2016. Exceptionally high reliability and precise print structures allow these photopolymers to be viably used for 3D printing applications. During the forecast period, the photopolymers in 3D printing plastic and photopolymer materials market is expected to grow at a faster rate in comparison to plastics. Factors such as wider application and increasing environment concerns are further supporting the market growth. Due to increasing variety of photopolymers, photopolymer based technologies like polyJet and DLP, and increasing acceptability across the various industries, the applications of 3D printing with photopolymers are increasing drastically.

The 3D printing plastic and photopolymer market (by value) was dominated by materials in the form of liquid (67.2%) in 2016. These mainly consists of photopolymer resins (which includes UV- resins and SLA resins). These resins are comparatively costly as compared to the materials in filament form and powder form. Filament is used in Fused Deposition Modelling (FDM) 3D printing, which is comparatively cost effective than other technologies. Plastics and photopolymers in liquid form are used in Stereo lithography (SLA), polyjet and DLP printers, which are comparatively costlier than FDM. The same trend is expected to continue in the forecast period with liquid acquiring the largest market share by value, followed by filament and powder.

In terms of technology, SLA technology dominated the value market due to its reliability and preciseness acquiring a market share of 30% in 2016. This is followed by FDM technology, wherein increasing number of filaments and increased research and development towards making of new advanced filaments have propelled its market growth.

The largest share of plastic and photopolymer based 3D printing market by application type is occupied by healthcare industry and is expected to grow tremendously in the forecast period due to factors such as increasing awareness, high adaptability and continuous advancement. Due to the ability to produce personalized medical solutions, print implants, prosthetics, devices for tissue engineering and many other medical solutions, use of plastic and photopolymer based 3D printing in healthcare sector is expected to grow at a CAGR of 22.1% (2017-2023).

North America has the largest market share in the 3D printing plastic and photopolymer materials market. The major part of the North America’s share is contributed by the U.S., which accounted for more than 80% of the total revenue generated in 2016. This is because of the presence of highly advanced research institutes, academia, multinational industrial corporations, automotive and aerospace and defense manufacturers, and the country’s increased involvement into 3D printing which have been providing the necessary impetus to the North America’s 3D printing plastic and photopolymer materials market.

Some of the key players constituting the 3D printing plastic and photopolymer materials market include Stratasys, 3D Systems, Evonik, Formlabs, Envision TEC, DSM Somos, HP, Polymaker, Voxeljet, Arkema, BASF, Ricoh, and Protolabs. These companies provide a broad product portfolio for specific needs and industrial applications. These companies are actively aiming for an increased number of product launches and business expansions to expand their operations thereby, enhancing their share in the 3D printing plastic and photopolymer materials market.