Market World 3D Printing Plastics Market Growth Area | Page 2

The key driving factors responsible for the growth of 3D printing plastics market include adoption of 3D printing
technology by end-use industries. However, lack of adoption of new and emerging technologies in developing
regions is likely to impede the market growth. Moreover, dominance by large players resulting into lesser
emergence of small players also limits the market growth. Other factors such as need for certification of grades
and higher costs involved with production of commercial grades inhibit the market growth during the forecast
period.
On the basis of type, the global 3D printing plastics market is segmented into photopolymers, PLA, ABS and
polyamide/nylon. Photopolymers type contributed to the growth of 3D printing plastics market during the
forecast period and is expected to continue the dominance. The growth is mainly due to rise in demand for
healthcare and medical equipment and also photopolymers are extensively used in SLA technology and for
prototyping of static models in several end-use industries.
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On the basis of end-use industry, the global 3D printing plastics market is segmented into healthcare & medical,
aerospace & defense, commercial goods and automotive. Healthcare & medical end-use segment is anticipated
to grow at a higher CAGR during the forecast period owing to enhanced technology, financial support by
government and promptness in product development.
On the basis of geographic segmentation, the global 3D printing plastics market is segmented into North
America, Latin America, Europe, Asia-Pacific, Middle-East and Africa. North America dominates the global
market owing to presence of 3D printing plastics manufacturers. APAC regions are likely to dominate the global
market owing to rapid developments in printing technology.
The growth is mainly witnessed in the regions of India, China, Malaysia, Singapore and Japan. Middle-East and
African regions are anticipated to grow at a lower CAGR during the forecast period owing to less presence of
printing industries and lack of support by the government. The key players in the global 3D printing plastics
market include 3D Systems Corporation, EOS GmbH, Arkema SA, Stratasys and Evonik Inc.
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