News By Tag
News By Place
3D Printing Plastic Market Drivers and Regional Analysis Report by Emergen Research
The global 3D printing plastic size was valued at USD 775.3 Million in 2019 and is forecasted to reach USD 4,480.0 Million by 2027 at a CAGR of 24.3%.
By: Emergen Research
The major driving force for the development of the 3D printing plastic market is the increasing demand from the aerospace and automotive industries, fabrication of intricate and lightweight components, favorable government support, and decreased waste generation during manufacturing. 3D printing benefits can be seen in the aerospace sector throughout the supply chain as it improves the raw materials usage efficiency. 3D printing reduces tooling costs and decreases the time taken to complete a task. Additionally, many space firms deploy 3D printing with robotic devices to print huge structures when needed. However, the high cost may hinder the market growth during the forecast period.
According to the report, the North American region is anticipated to dominate the 3D printing plastic market (https://www.emergenresearch.com/
Bioplastics Market (https://www.prnewswire.co.uk/
Corporate Sales Specialist