The global 3D printing elastomers market size is expected to reach USD 967.3 million by 2028 according to a new study by Polaris Market Research. The report “3D Printing Elastomers Market Share, Size, Trends, Industry Analysis Report, By Type (Thermoplastic Elastomers, Thermoset Elastomers); By Form; By End-Use; By Region; Segment Forecast, 2021 - 2028” gives a detailed insight into the current market dynamics and provides analysis on future market growth.
Increasing demand for updated and high-performance cars, as well as rising applications in the healthcare sector, particularly in Asia-Pacific's countries, contribute to market growth. 3D polymers are being used during the COVID-19 outbreak to develop PPE kits, medical and testing devices, training and visualization aids, and emergency dwellings.
However, the automotive, aerospace and defense, and consumer goods sectors demand has reduced during the pandemic owing to operational challenges, transportation delays, and travel restrictions.
The different forms of the product include liquid, powder, and filament. The powder segment dominated the global market for products in 2020. The demand for powders is high owing to the increasing need to reduce costs and time associated with product manufacturing. Powder polymers are used in wide applications such as automotive, healthcare, and consumer goods.
The different types of polymers include thermoplastic and thermoset. Thermoplastic products include styrenic block copolymers, thermoplastic polyolefins, thermoplastic vulcanizates, thermoplastic polyurethanes, and thermoplastic copolyesters.
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Printing polymers are used in diverse industries such as automotive and transportation, aerospace and defense, healthcare, industrial, consumer goods, electrical and electronics, and others. The automotive segment holds a major revenue share in 2020.
The use of polymers in the vehicle body increases durability and strength while reducing overall weight. Manufacturing complex automotive components through printing provides improved efficiency, lighter weight, and higher energy efficiency.
Technological advancements and investments in research and development have boosted the demand for printing polymers. Leading global players are increasing their presence in emerging countries such as Japan, China, India, and South Korea in order to capitalize on the growth possibilities these countries provide.
The leading industry players include 3D Systems Inc.; Arkema SA; BASF SE; Carbon Inc.; Dow Chemical Company; EnvisionTEC; EOS; Evonik Industries AG; ExOne; Formlabs; Henkel; HP Development Company, L.P.; Impossible Objects; LANXESS; Materialise NV; Proto Labs Inc.; Sinterit; Stratasys Ltd.; The Lubrizol Corporation; Voxeljet AG; and Zortrax.
Polaris Market Research has segmented the 3D printing elastomers market report on the basis of form, type, end-use, and region:
3D Printing Elastomers, Form Outlook (Revenue, USD Million, 2016 – 2028)
3D Printing Elastomers, Type Outlook (Revenue, USD Million, 2016 – 2028)
3D Printing Elastomers, End-Use Outlook (Revenue, USD Million, 2016 – 2028)
3D Printing Elastomers, Regional Outlook (Revenue, USD Million, 2016 – 2028)