3D Printing Plastic Market Drivers and Regional Analysis Report by Emergen Research

VANCOUVER, British Columbia - Jan. 4, 2021 - PRLog -- The 3D printing plastic market is set to attain a valuation of USD 4,480.0 Million by 2027, registering a CAGR of 24.3 %. The applications of 3D printing plastic are widespread in several industries including aerospace and defense, healthcare, automotive, and electronics.

Market Drivers

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.

Regional Analysis

According to the report, the North American region is anticipated to dominate the 3D printing plastic market (https://www.emergenresearch.com/industry-report/3d-printi...). This is due to the well-established healthcare industry in the region and eases investment opportunities in the healthcare sector for medical implants. The Asia Pacific region is expected to rise at the fastest rate attributed to the increased investment in the healthcare industry. Also, automotive firms and leading manufacturing companies, several space launches by space agencies ISRO, supportive policies and regulations, and rise in investments in R&D drive the market growth during the projected year.

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Bioplastics Market (https://www.prnewswire.co.uk/news-releases/bioplastics-ma...) Size Worth USD 25.27 Billion by 2027 | CAGR of 14.9%: Emergen Research