3D Printing Plastics have a high number of end-use applications. Each process meets different mechanical, physical, and visual requirements that may be appropriate for a specific design. Based on the type, the 3D printing plastics market is classified into polyamide, photopolymer, polylactic acid, and ABS & ASA and others. ABS filament is the most commonly used 3D printing plastic and is used in the bodywork of cars, appliances, and mobile phone cases. It is a thermoplastic and contains a base of elastomers based on polybutadiene that makes it more flexible, and resistant to shocks.
Four to six trillion (USD) of the global economy will be disrupted and redistributed in the next 10 years due to the accelerating growth of 3D printing, according to a new study conducted by A.T. Kearney.
Market Dynamics:
Increasing demand for composite grades of 3D printing plastics in different applications and government initiatives to support the adoption of 3D printing technologies worldwide are the major impacting factors for the growth of the market globally. Comprehensive government engagement is required for nations to realize the vast economic potential of 3D printing in the fully-digitized new world. The Chinese government is aggressively driving the national agenda on 3D printing; they plan to invest USD 245 million over the next seven years to boost development of 3D printing.
The 3D printing industry is currently at a technological and economic inflection point that is opening the door to a digital reinvention of the worldwide manufacturing sector, and the countries who act to embrace it now will secure their place at the table of global leadership and innovation for generations to come.
Environmental concerns regarding the use of plastics are one of the major restraints for the growth of the market worldwide
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