The scope of our recent study on the “Plastic for SLS 3D Printing Market Forecast to 2030 – COVID-19 Impact and Global Analysis – by Type, and End-Use Industry” includes the factors fueling the plastic for SLS 3D printing market growth, revenue estimation, and forecast, market share analysis, and the identification of significant market players and their key developments.
The plastic for SLS 3D printing market size was valued at US$ 157.28 million in 2022 and is expected to reach US$ 641.79 million by 2030; it is estimated to register a CAGR of 19.2% from 2022 to 2030.
Selective laser sintering (SLS) is an additive manufacturing technology that makes the use of a high-power laser to sinter polymer powder into a solid structure based on a 3D model. SLS 3D printing is a popular choice for engineers and manufacturers. The most common material for SLS 3D printing is nylon. Nylon is a highly capable engineering thermoplastic for functional prototyping and end-use production. It is also ideal for complex assemblies and durable parts with high environmental stability. SLS 3D printing is highly used across a wide range of industries, including engineering, manufacturing, healthcare, and others.
On the basis of end-use industry, the market is segmented into healthcare, aerospace and defense, automotive, electronics, and others. The global plastic for SLS 3D printing market share for the electronics segment was the largest in 2022 and the automotive segment is expected to register a higher CAGR from 2022 to 2030. The primary advantage of using plastic in SLS 3D printing for the automotive sector is its ability to produce complex and lightweight parts that meet the industry's strict performance and safety standards. Various types of plastic materials, including polyamide (PA11 and PA12), aluminum-filled nylon (Alumide), and thermoplastic polyurethane (TPU), are commonly used in this process, each offering unique properties suitable for different automotive components. The market has observed the growing integration of SLS 3D printing with plastic materials in the automotive industry.
The market is segmented into five main regions—North America, Europe, Asia Pacific, Middle East & Africa, and South & Central America. Europe held the largest revenue share of the market in 2022. SLS 3D printing is increasingly adopted in a wide range of industries, such as aerospace, automotive, healthcare, and manufacturing. The presence of SLS 3D printing companies in the region is further expected to boost the demand for plastics for SLS 3D printing. The 3D printing industry is growing significantly in Germany, and the manufacturing sector has been quick to adopt 3D printing technology. Germany is Europe's major market for industrial and consumer 3D printing. According to the Germany Trade and Invest, around one in three large German industrial companies currently use 3D printing. Also, one-quarter of all additive manufacturing companies across the globe are located in Germany. Various companies such as Siemens, BMW, and Henkel have invested millions of euros in the development of plants to produce parts made using additives. Further, due to the various advantages of SLS 3D printing, it is highly used in several end-use industries. The advantages of SLS 3D printing are no support structures, high productivity, excellent mechanical properties, and reduced product development time. The prevalence of automotive industry and strategic initiatives by the market players in the region are projected to drive the demand for plastics for SLS 3D printing.
Impact of COVID-19 Pandemic on Plastic for SLS 3D Printing Market
The COVID-19 pandemic adversely affected the market in 2020 due to the shutdown of manufacturing facilities and restrictions on transportation and logistics. Disruptions in supply chains also hampered the supply of plastic for SLS 3D printing. To comply with national and regional guidelines, manufacturers introduce extensive modifications to their processes to protect their employees from the SARS-CoV-2 infection. Many global manufacturers temporarily paused their operations or allowed production processes with limited employee strength. Despite these consequences, businesses started recovering as the governments of various countries brought relaxation in social restrictions. Moreover, successful vaccination drives have further eased the current scenario leading to a rise in business activities across the world. The recovery of various end-use industries is also driving the plastic for SLS 3D printing market growth. With the revival of automotive and electronics industry, the demand for 3D printing materials has been growing.
The report includes the segmentation of the global plastic for SLS 3D printing market as follows:
The global plastic for SLS 3D printing market is bifurcated on the basis of basis of type, and end-use industry. Based on type, the market is categorized into polyamide, thermoplastic polyurethane, polyether ether ketone, and others. In terms of the end-use industry, the market is segmented into healthcare, aerospace and defense, automotive, electronics, and others. By geography, the market is broadly segmented into North America, Europe, Asia Pacific, the Middle East & Africa, and South & Central America. The North America market is further segmented into the US, Canada, and Mexico. The market in Europe is subsegmented into Germany, France, the UK, Italy, Russia, and the Rest of Europe. The Asia Pacific plastic for SLS 3D printing market is further categorized into China, India, Japan, Australia, South Korea, and the Rest of Asia Pacific. The market in the Middle East & Africa is further segmented into South Africa, Saudi Arabia, the UAE, and the Rest of Middle East & Africa. The South & Central America market is further categorized into Brazil, Argentina, and the Rest of South & Central America.
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