Market Snapshot:
3D Printing Technology is developing rapidly with the introduction of different types of polymers and materials that can be used for printing purposes. 3D printing of 3-dimensional objects as prototypes or additive manufacturing under the control of computers is being carried out at a large extent in various end-use industries, which is resulting in the remarkable expansion of the Global 3D Printing Plastics Market at a CAGR of 23.3% during the forecast period of 2017-2023. The Global 3D Printing Plastics Market is poised to reach the valuation of USD 1,700 Mn by the end of the forecast period from USD 530.5 Mn in 2017. Utilization of recycled plastic as a printing material in 3D printers and increasing demand for 3D printed plastic components for casting, fabrication and manufacturing various objects are propelling the growth of the Global 3D Printing Plastics Market during the assessment period.
Report Coverage:
The research report on the Global 3D Printing Plastics Market covers current market dynamics, historical market trends, market value on the basis of segmentation and region, country-level breakdown of every segment, competitive landscape that includes key players' market share analysis and supply chain analysis.
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Competitive Analysis:
The competition in the market is increasing steadily as new contenders are entering the market. The increasing popularity and demand for 3D printing on plastics is anticipated to modify the market favorably in the forecast period. The cost-effectiveness of 3D printing on plastic is expected to benefit the market’s expansion in the forecast period positively. Moreover, the innovations in the market are expected to reflect positively on the market’s progress in the coming years.
The market contenders such as 3D Systems, Inc. (US), BASF SE (Germany), Stratasys Ltd. (US), Royal DSM N.V. (The Netherlands), SABIC (Saudi Arabia), Evonik Industries AG (Germany), EOS GmbH Electro Optical Systems (Germany), HP Development Company, L.P. (US), Materialise (Belgium), Clariant (Switzerland), DowDuPont, Inc. (US), CRP Group (US), Arkema Group (France), ENVISIONTEC, INC. (Germany), and Oxford Performance Materials (US) are expected to modify the market greatly in the forecast period.
Research Methodology:
MRFR employs its iterative and multi-layered research module to ensure the deliverance of in-depth market foresight. The meticulous analysis of market is carried out by studying the current as well historical trends in the global market, consumer landscape, growth opportunities and restraints. Primary and secondary research processes are employed for qualitative and quantitative analysis of the market. Primary data is garnered by conducting surveys and personal interviews with the key opinion makers across the value chain and is verified by utilizing secondary research processes which include inputs from white paper references, SEC filings, paid databases, research publications and other credible sources available in public domain. The combination of top down and bottom up approaches provides accuracy and objectivity to the research findings.
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