#PlasticInnovation

[marketingreportz]

3D Printing Plastic Market Industry Forecast, 2024–2030

3D Printing Plastic Market Overview

3D Printing Plastic Market size is forecast to reach $3,004.71 million by 2030, after growing at a CAGR of 17.1% during 2024–2030. Globally, the demand for 3D printing plastic is rising from various application sectors such as aerospace and defense, electrical and electronics, and healthcare, by reducing the efforts, time, and costs incurred in the project. The increasing demand for 3D printing plastic from various industries, such as aerospace, automotive, healthcare, and electronics, for applications such as prototyping, tooling, and functional parts. The cost-effectiveness, strength, durability, and versatility of 3D printing plastic compared to other materials. The development of new types and grades of 3D printing plastic, such as biodegradable, conductive, and flexible plastics. The increasing use of photopolymers and polyamide (nylon) materials in 3D printing owing to its alluring properties is estimated to drive the 3D printing plastics market growth. Furthermore, the development of innovative, stronger, lighter, and safer components and parts with lower lead times and costs is anticipated to create new opportunities for the growth of the global 3D printing plastic industry in the forecast period.

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Covid-19 Impact

The rise in positive COVID-19 cases worldwide generated a huge demand for the 3D printing plastics market from the healthcare sector. The market for medical components such as face shields, masks, ventilator vales, and others has seen an upsurge since the outbreak of COVID-19. Owing to the COVID-19 palindrome the increasing demand of medical components from across the globe, has also increased the demand for 3D printing adoption in various regions.

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3D Printing Plastic Market Report Coverage

The: “3D Printing Plastic Market Report — Forecast (2024–2030)”, by IndustryARC, covers an in-depth analysis of the following segments of the 3D Printing Plastic Market. By Form: Filament, Ink, and Powder.

By Type: Polycarbonates, Photopolymers, Acrylonitrile Butadiene Styrene (ABS), Polyamide/Nylon, Polylactic Acid, Polyethylene Terephthalate (PET), Glycolized polyester (PETG), High Performance Polymers, and Others.

By Application: Prototyping, Automotive, Healthcare, Consumer Goods, Aerospace & Defence, Electrical & Electronics, and Others.

By Geography: North America (U.S, Canada, and Mexico), Europe (U.K., Germany, France, Italy, Netherland, Spain, Russia, Belgium, and Rest of Europe), APAC (China, Japan India, South Korea, Australia & New Zealand, and Rest of Asia Pacific), South America (Brazil, Argentina, Colombia, Chile, and Rest of South America), and RoW (Middle east and Africa).

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Key Takeaways

The rising demand for laser sintering technology by engineers and manufacturers in various commercial sectors will increase the demand for polyamide (nylon), which is further expected to drive the 3D printing plastic industry growth.

Owing to the ability of the plastic being shaped easily, they are used in the initial stages of the onset of 3D printers. Very recently, NASA has been using space-based 3D printers with plastic as the key material for space-based objects.

Also, the rise of the automobile industry is set to hold the market for 3D printing plastics at its height in the years to come. Quick advances in diverse materials and technology are allowing the industry to gain momentum.

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3D Printing Plastic Market Segment Analysis — By Form

Filament form is widely used in the 3D Printing Plastic Market. They are only manufactured and consumed in two diameters, namely 1.75 mm and 3 mm. By using the process of heating, extruding and cooling plastic, filament form is produced to turn nurdles into finished product. Thus, it is possible to dye these filaments in various colours. Also, due to their flexible properties there is an increase in demand from several application industries such as food packaging, tableware, upholstery, and disposable clothing.

3D Printing Plastic Market Segment Analysis — By Type

Polyamide/Nylon segment held the largest share in the 3D Printing Plastic Market in 2023. Nylon (known as polyamide) is a synthetic linear polyamide thermoplastic and is a well-known 3D printing filament owing to its stability, toughness, low friction and corrosion resistance. Nylon is also a common substance used in the manufacture of clothing and accessories. Due to its improved strength and elasticity over PLA and ABS, Nylon is ideal for manufacturing uses, such as machine parts or equipment, or the replacement of automotive parts. As compared to ABS and PLA Nylon is tougher and more resistant to chemicals, but its poor strength and hardness prohibits it from being commonly used in the manufacturing industry. With the increasing demand for nylon the market for 3D printing plastic is also estimated to rise in the forecast period.

3D Printing Plastic Market Segment Analysis — By Application

Prototyping segment held the largest share in the 3D Printing Plastic Market in 2023 and is projected to grow at a CAGR of 17.1% during the forecast period 2024–2030. Creating a concept can be a costly and slow process. Fortunately, certain methods are available to help you enhance the product creation process, helping to make high-quality prototypes at a cheaper cost. From office to the factory floor, 3D printers produce plastic concept models, precision and practical prototypes, master patterns and actual end-use components for refining every project, streamlining the workflows and getting creative products to the market quicker. Besides, 3D printing plastic is the best solution for designing the prototypes. By beginning to create the 3D printing project, one will have access to a wide variety of efficient 3D printing supplies, saving time and resources. Thus, rising usage of 3D printing plastic for prototyping applications is set to drive the market growth over the forecast period.

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3D Printing Plastic Market Segment Analysis — By Geography

North America held the largest share with 51% in 3D Printing Plastic Market in 2023 Due to the increasing demand for 3D printing plastics in medical devices and equipment, and the increasing adoption of 3D printing technology in U.S., Canada, Mexico and various other countries in the region is set to drive the market growth in the upcoming future. According to the U.S. Department of Health and Human Services, the Fiscal Year (FY) 2023 budget represents the responsibilities of the U.S. government to advance a patient-centered healthcare system. The budget proposes a discretionary budget authority of $96.1 billion and mandatory support for Health and Human Services of $1.86 trillion.Thus, the rising investments by the government in the healthcare sector are estimated to boost the 3D Printing Plastic Market growth in the forecast period.

3D Printing Plastic Market Drivers

Rising Demand for 3D Printing Plastic from the Healthcare Industry

Rising usage of 3D printing plastic in the healthcare sector is driving the market growth. Key factors driving demand in the medical industry for 3D printing plastics include cost-effectiveness, ease of customization, as well as the rising occurrence of vascular and osteoarthritis diseases. Polyamide or nylon is often used for injection molding in medical device owing to its inflexible nature, strength, chemical compatibility, and temperature resilience. Increasing use of photopolymers for high-resolution, ultra-fine parts in medical devices will also drive the market growth. Moreover, the market demand in medical applications is expected to be fueled by advanced 3D technology, favorable government funding, and rapid product growth. According to the India Brand Equity Foundation, the government of India aims to increase the healthcare spending to 3% of the GDP by 2022, which means the healthcare sector will rise three-fold to Rs. 8.6 trillion (US$ 133.44 billion). Hence, the growing demand for 3D printing plastic from the healthcare sector will raise the growth for 3D Printing Plastic Market in the forecast period.

Increasing Demand for Biodegradable Materials for 3D printing

The growing need for the “green” alternative to traditional polymers has propelled the demand for polylactic acid in the 3D printing plastic industry. Since, polylactic acid is very inexpensive, easy to print, and produces components that can be used for a wide variety of applications, it is the ideal first material to be used in 3D printing. It is also one of the most environmental friendly products made from crops such as corn and cane that are used today. This material is thermoplastic aliphatic polyester and is the predominant natural raw material that consists of recycled raw materials used in 3D printing plastics. For most extrusion-based 3D printing, polylactic acid is also the default filament of choice, since it can be printed at low temperatures and does not require a heated bed. Thus, with the rising demand for biodegradable materials the growth for 3D printing plastics market is estimated to rise in the forecast period.

3D Printing Plastic Market Challenges

Environmental Issues Regarding 3D Printing Plastic Materials will Hamper the Market Growth

Over the last few years, one environmental issue has gradually stolen the spotlight that is plastic pollution. The reliance on plastics-especially single-use plastics-is now one of the world’s leading environmental concerns. 3D printing uses the flexible, durable design of plastics in a wide variety of applications, from aerospace to healthcare. Polyethylene terephthalate (PET) is one of the most common filaments used in plastics such as bottles of disposable beverages and food packaging. Other filaments include polycarbonate and ABS: both are relatively inexpensive, flexible and easy to manufacture. Unfortunately, these materials are not commonly recyclable and so any waste generated in the printing process would find its way to the landfill or to the natural environment. Thus, rising environmental concerns due to the use of various 3D printing plastics is estimated to hinder the 3D printing plastics market growth.

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3D Printing Plastic Market Outlook

Technology launches, acquisitions, and R&D activities are key strategies adopted by players in the 3D Printing Plastic Market. Major players in the 3D Printing Plastic Market are:

3D Systems Corporation

Arkema SA

Stratasys, Ltd.

Evonik Industries AG

HP Inc.

SABIC

DowDuPont Inc.

EOS GmbH Electro Optical Systems

Solvay

Royal DSM N.V., among others.

Acquisitions/Technology Launches

In March 2023, BASF SE acquired Sculpteo, a French online 3D printing service provider, to expand its 3D printing solutions portfolio and customer base.

In February 2023, Arkema acquired Lambson, a UK-based company that specializes in photo initiators for 3D printing, to strengthen its position in the 3D printing market and offer innovative solutions for UV-curable resins.

In January 2023, Stratasys Ltd. acquired Origin, a US-based company that develops 3D printers and materials for mass production, to enhance its capabilities in the fast-growing segment of end-use parts.

In December 2022, Evonik Industries AG acquired 3D Printing Materials, a US-based company that produces high-performance thermoplastics for 3D printing, to broaden its product portfolio and customer base in the additive manufacturing market.

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[ragini-14]

Automotive Plastics Market Opportunity Assessment, Market Challenges, and Key Players Landscape by 2030

The qualitative report published by Exactitude Consultancy research on the “Automotive Plastics Market offers an in-depth examination of the current trends, latest expansions, conditions, market size, various drivers, limitations, and key players along with their profile details. The Automotive Plastics market report offers the historical data for 2018 to 2023 and also makes available the forecast data from the year 2024 to 2030 which is based on revenue. With the help of all this information research report helps the Market contributors to expand their market positions. With the benefit of all these explanations, this market research report recommends a business strategy for present market participants to strengthen their role in the market. This report analyzes the impact of the Covid 19 pandemic on the Automotive Plastics Market from a Global and Regional perspective.

The global automotive plastics market is expected to grow at 7.9% CAGR from 2024 to 2030. It is expected to reach above USD 35.93 billion by 2030 from USD 18.12 billion in 2023.

Top Key Players are covered in the Automotive Plastics Market Report:

BASF SE, SABIC, LyondellBasell Industries Holdings BV, LG Chem, DuPont, Covestro AG, Evonik Industries AG, and Solvay, Arkema, Borealis AG.

For The Full Report Click here:

https://exactitudeconsultancy.com/reports/2103/automotive-plastics-market/

[intel-analytics360]

Blow Molding Resins Market Forecast 2024 to 2032

Blow molding is a manufacturing process used to create hollow plastic objects, such as bottles, containers, and other packaging items. Blow molding resins are materials that are used in this process to produce these plastic products. These resins are selected based on their properties, such as melt flow rate, melt temperature, strength, transparency, and chemical resistance, to meet the specific requirements of the end product.

The Blow Molding Resins Market was valued at USD 3,459.2 Million in 2022 and is expected to register CAGR of 3.95 % by 2032.

Key factors such as increasing demand for blow molding resins across various sectors such as packaging, automotive and transportation, and consumer goods, rapid advancements in resin technology, and growing awareness about importance of sustainable products are expected to drive global market growth during the forecast period.

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[market-insider]

Exploring the Evolution of the Plastic Battery Containers Market in Modern Energy Storage

The global plastic battery containers market size is expected to reach USD 28.90 billion by 2030, according to a new report by Grand View Research, Inc. It is projected to expand at a CAGR of 6.7% from 2022 to 2030. The growing number of electric vehicles and the rising renewable industry around the world are the factors expected to drive the growth. Plastic battery containers are used in power backup, telecom, and valve-regulated lead acid battery (VLRA) among others. Plastic battery containers hold the battery plates, cast-on straps, and electrolytes and reduce the impact of vibration and improve the battery lifecycle.

Plastic Battery Containers Market Report Highlights

Lead acid dominated the battery segment with a share of more than 49% in 2021 and is expected to maintain a healthy growth rate over the forecast period

The growing demand for electric and hybrid vehicles is expected to drive the demand for plastic battery containers over the forecast period

Polypropylene (PE) led the resin segment with a revenue share of more than 73% in 2021 due to its better functional properties as compared to other resins

For More Details or Sample Copy please visit link @: Plastic Battery Containers Market Report

Growing renewable energy development around the world has increased the demand for battery energy storage systems (BESS). These systems are available in a wide range of storage and power capacity and can serve small-scale household devices to large-scale systems used for industrial applications and utilities. According to International Energy Agency, the number of electric vehicles sold in 2021 was 6.6 million which accounts for ten percent of global car sales.

The total number of electric cars in the world reached around 16.5 million, which is triple the number in 2018. The demand for electric cars is strong in 2022 with two million cars sold in the first quarter, up seventy-five percent from the same period in 2021. This rapid growth in electric vehicles is going to drive the plastic battery container market over the forecast period.

The COVID-19 pandemic and the Russia-Ukraine war have disrupted the supply chains worldwide, and heavily impacted the automotive industry. Because of this reason, the market may experience lesser growth in the short term. However, in the long term, corporate and government efforts to decarbonize transportation are providing strong support for the growth in EV sales which in turn will drive the plastic battery container market.

BatteryContainers #PlasticEncasements #EnergyStorage #SustainablePower #BatteryTechnology #PlasticInnovation #GreenEnergy #EcoFriendlyContainers #BatteryEncasement #PlasticBatteryHousing #PowerStorage #RenewableEnergy #BatteryInnovation #PlasticTech #SustainableMaterials #CleanEnergyStorage #BatteryDesign #PlasticPowerSolutions #EnvironmentallyFriendlyBatteries #AdvancedEnergySystems

[ellenpbritton]

great design vol.7 crumpled city maps

For centuries, maps have been tools for traveling, discovery and adventure. Crumpled City maps are extremely light yet very strong, and 100% waterproof. Designed to be stored without folding, the maps can be scrunched up or rolled into a ball. At the core of the design is a gesture game, enabling users to crumple a document – an act that may be considered taboo. Yet the act is liberating and enjoyable, especially with when the user does not wish to dispose of the map but in fact wishes to retain and reuse it. This ongoing project was an instant hit. Palomar has created maps of more than 50 cities across the globe, along with an illustrated children’s collection and some astronomy maps. Concept and creative direction by Pizzolorusso. Packaging identity by Alvvino. - http://pizzolorusso.com/crumpled-city-maps/  These maps are an innovative use of Tyvek, an HDPE (high-density polyethylene fibre) - a plastic that thinks it’s a paper. It is super strong and lightweight, weather and tear resistant, and printable like regular paper. Common applications include security envelopes and speciality packaging, these maps are amongst more creative uses for the material. 

I love the reckless fun these maps enable, the freedom they afford the user. Instead of a common city break experience of a ripped and dilapidated map (especially if you’re impatient like I am), damaged by weather and being stuffed in a pocket, these maps survive undamaged even when used carelessly. 

Designer Pizzolorusso has imbued a sense of play in this contemporary reinvention of this fundamental travel tool but crucially without compromising on function, something I always respect in design.