The Polylactic Acid (PLA) For 3D Printing Market Size is predicted to at a 18.9% CAGR during the forecast period for 2024-2031.
Polylactic acid (PLA) 3D printing is a flexible polymeric filament produced from organic substances. The most user-friendly substance for 3-D printing is PLA. The polymer material's renewable origin ensures its extensive employment in the near future, and processing it uses fewer resources. The exhaustion of energy source stocks gives rise to worries about rising carbon dioxide emissions and environmental degradation. These elements play an important and driving role in the adoption of bio-based polymers like PLA. Legislatures have been investing a lot of money in R&D to create an environmentally acceptable, renewable substitute for packaging. PLA is widely utilized in the food packaging sector. Disposable healthcare gadgets, containers, and plastic films are a few of the most popular uses for PLA.
However, market growth is hampered by the high cost. Polylactic acid processing is very expensive. An even greater price disparity has resulted from the declining cost of gasoline oil since synthetic plastics are less expensive. There are a number of technical obstacles to producing more affordable biodegradable polymers. Propane petroleum products are the source of around one-third of recyclable plastics, and the manufacturing sector is shifting to biological substrate. There have been difficulties in the construction sector because of the COVID-19 epidemic, including transport and a shortage of raw component kinds. The substantial fall in the global economy is probably the reason for the decline in construction expenditure worldwide. The result is a decrease in PLA usage. Restrictions imposed by the government in reaction to the virus's impacts could cause exhaustion of basic component kinds and people, interrupt logistics systems, and make it harder to meet contractual obligations.
Competitive Landscape
Some Major Key Players In The Polylactic Acid (PLA) For 3D Printing Market:
- ColorFabb BV
- Fillamentum Manufacturing Czech s.r.o
- Hatchbox 3D
- Innofil3D BV
- MakerBot Industries, LLC
- Polymaker LLC
- Shenzhen Esun Industrial Co., Ltd
- Torwell Technologies Co., Ltd
- Ultimaker B.V
- Futerro S.A.
- NatureWorks LLC
- Stratasys Ltd
- Synbra Technology bv
- Total Corbion PLA
- Zhejiang Hisun Biomaterials Co., Ltd
- Other Market Players
Market Segmentation:
The polylactic acid (PLA) for 3D printing market is segmented based on user type, diameter, and application. As per the user type, the market is segmented into hobbyist, education, and industrial. By diameter, the market is segmented into 1.75 mm and 3 mm. The application segment comprises automotive, food packaging, healthcare, household items, and others.
Based On The Application, The Healthcare Polylactic Acid (PLA) For 3D Printing Market Segment Is Accounted As A Major Contributor To The Polylactic Acid (PLA) For 3D Printing Market.
The healthcare polylactic acid (PLA) for 3D printing market will lead with a significant global market share in 2023. Within the healthcare sector, three-dimensional printing is frequently utilized in orthodontics to create root canals, caps, and arches. The capacity to create precise and tailored orthodontic elements enhances the complete comfort and efficacy of oral prostheses. In the healthcare sector, this is anticipated to stimulate technology uptake.
Industrial Segment To Witness Growth At A Rapid Rate
The industrial industry accounts for the bulk of polylactic acid (PLA) For 3D printing usage because this material helps to improve efficiency in manufacturing while also giving products greater adaptability. Because of its widespread use across professions, investment expenses have decreased. Furthermore, increased adaptability of 3D printers can be attained through the integration of development industries that support the automation of the production industry.
In The Region, The North American Polylactic Acid (PLA) For 3D Printing Market Holds A Significant Revenue Share.
The North American polylactic acid (PLA) 3D printing market is estimated to report the highest market share in revenue in the near future. This can be attributed to the area's growing demand for the commodity and the scarcity of renewable energy availability. Owing to its swift economic growth and expanding populace, this region will hold a significant share of the global market. In addition, Asia Pacific is likely to grow rapidly in the global polylactic acid (PLA) 3D printing market due to the growing demand for consumer products, ethane, and gasoline, as well as for packaging materials that are beneficial to the environment. The need for renewable chemicals is high due to their continual use in many regions of the world, which is driving the market's growth.
Recent Developments:
- In April 2024, Polymaker unveiled a collaboration with Thought3D, the company behind the Magigoo line of 3D-printing intelligent polymers. By including their Personal Computer Clever Epoxy on polyamide details sheets, Polymaker is now endorsing Magigoo. When publishing with polycarbonate-based substances, P.C. Clever Epoxy helps with bed adherence and optimizes production productivity.
- In June 2024, Stratasys Ltd. announced the release of its J5 Technology Anatomy 3D printing. This breakthrough from Stratasys aims to improve patient satisfaction, expedite product introductions, and optimize processes for healthcare facilities, healthcare equipment producers, and educational organizations.
Polylactic Acid (PLA) For 3D Printing Market Report Scope
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Report Attribute |
Specifications |
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Growth Rate CAGR |
CAGR of 18.9% from 2024 to 2031 |
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Quantitative Units |
Representation of revenue in US$ Bn, Volume (Kilotons) and CAGR from 2024 to 2031 |
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Historic Year |
2019 to 2023 |
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Forecast Year |
2024-2031 |
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Report Coverage |
The forecast of revenue, the position of the company, the competitive market structure, growth prospects, and trends |
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Segments Covered |
By User Type, Diameter, And Application, |
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Regional Scope |
North America; Europe; Asia Pacific; Latin America; Middle East & Africa |
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Country Scope |
U.S.; Canada; U.K.; Germany; China; India; Japan; Brazil; Mexico; France; Italy; Spain; South East Asia; South Korea |
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Competitive Landscape |
Colorfabb BV, Fillamentum Manufacturing Czech S.R.O., Hatchbox 3D, Innofil3D BV, Makerbot Industries, LLC, Polymaker LLC, Shenzhen Esun Industrial Co., Ltd, Torwell Technologies Co., Ltd, Ultimaker B.V., FUTERRO S.A., Natureworks LLC, Stratasys Ltd., Synbra Technology Bv, Total Corbion PLA, And Zhejiang Hisun Biomaterials Co., Ltd. |
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Customization Scope |
Free customization report with the procurement of the report and modifications to the regional and segment scope. Particular Geographic competitive landscape. |
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Pricing And Available Payment Methods |
Explore pricing alternatives that are customized to your particular study requirements. |
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