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Plastic for SLS 3D Printing Market is expected to reach US$ 641.79 million by 2030

The Global Plastic for SLS 3D Printing Market size is projected to grow at a CAGR of 19.2% during 2022-2030, to surpass USD 641.79 million by 2030, from US$ 157.28 million in 2022.

By The Insight Partners

Growing Demand for Lightweight and Durable Parts in Various Industries Drive Global Plastic for SLS 3D Printing Market Growth

According to the latest market study on “Plastic for SLS 3D Printing Market Forecast to 2030 – COVID-19 Impact and Global Analysis – by Type and End-Use Industry,” the global plastic for SLS 3D printing market size was valued at US$ 157.28 million in 2022 and is projected to reach US$ 641.79 million by 2030; it is anticipated to record a CAGR of 19.2% from 2022 to 2030. The report highlights key factors driving the market growth and prominent players along with their developments in the market.

SLS 3D printing is used to produce lightweight and durable components for aircraft and spacecraft. SLS 3D printing is also used to produce prototypes and functional components for vehicles. SLS 3D printing is used to produce molds and fixtures for manufacturing processes. SLS 3D printing is utilized in producing complex and intricate geometries, as well as automotive interior components such as dashboard panels and center console parts. Further, the rapidly growing manufacturing sector and rising application in the end-use industries are boosting the demand for SLS 3D printing.

Global Plastic for SLS 3D Printing Market Breakdown – by Region

Plastic parts manufactured using SLS technology offer a compelling combination of lightweight design and exceptional durability, and this versatility has recently found notable applications across various industries. In aerospace, where reducing weight is a paramount concern for improving fuel efficiency, SLS-produced plastic components have gained traction. For instance, Airbus has integrated SLS 3D-printed plastic parts into their A350 XWB aircraft, including brackets and ducting components, which contribute to weight reduction without compromising strength or safety. The automotive industry has also embraced SLS plastic parts. Automakers such as BMW have used SLS technology to create lightweight and durable plastic components for their vehicles, including customized parts for the BMW i8 Roadster. These parts help reduce the overall weight of the car, enhancing its performance and fuel efficiency. Furthermore, in consumer goods, SLS plastic parts have made a significant impact. Companies such as Adidas have employed SLS 3D printing to produce customized midsoles for athletic shoes. These midsoles are not only lightweight but also designed to provide superior cushioning and support tailored to an individual's foot, enhancing comfort and performance. Hence, the strong growth in the demand for lightweight plastic parts from various industries is driving the need for plastic for SLS 3D printing, thereby fueling the market growth.      

3D Systems Corp, BASF SE, Evonik Industries AG, Arkema SA, Ensinger GmbH, Fiberlab SA, Stratasys Ltd, Sinterit Sp Zoo, EOS Gmb, and CRP Service SRL are among the key players in the global plastic for SLS 3D printing market.

Impact of COVID-19 Pandemic on Global Plastic for SLS 3D Printing Market Growth

During the COVID-19 pandemic, disruptions in plastics manufacturing operations severely impacted global supply chains and hindered SLS printing operations, product delivery schedules, and sales. Various chemicals and materials companies reported product delivery delays and sales slump in 2020. Moreover, restrictions on international travel imposed by governments of various North American and Asia Pacific countries compelled manufacturers and suppliers to temporarily discontinue their business strategies, such as partnerships as well as research and development. All these factors hampered many sectors during the pandemic and restrained the growth of the chemicals & materials industry. During the pandemic, supply chain disruptions, raw material and labor shortages, and operational difficulties created demand and supply gaps, adversely affecting the growth of the plastic for SLS 3D printing market.

In 2020, supply chain shortages, increased labor costs, and high demand for raw materials resulted in price inflation of materials required in the automotive industry across various regions. In 2021, rising vaccination rates contributed to improvements in the overall conditions in different countries, which led to a conducive environment for automotive, electronics, and aerospace & defense. By the end of 2021, the sales of plastic for SLS 3D printing increased with the resumption of services of the SLS 3D printing companies.

The "Global Plastic for SLS 3D Printing Market Analysis and Forecast to 2030" is a specialized and in-depth study of the chemicals & materials industry, focusing on the global plastic for SLS 3D printing market trend analysis. The report aims to provide an overview of the market with detailed market segmentation. The global plastic for SLS 3D printing market is divided on the basis of type and end-use industry. Based on type, the market is segmented into polyamide, thermoplastic polyurethane, polyether ether ketone, and others. In terms of end-use industry, the market is segmented into healthcare, aerospace & defense, automotive, electronics, and others. Polyamide is a preferred material for SLS 3D printing due to its exceptional qualities and adaptability. Among the various types of polyamide used for SLS, polyamide 12 (PA12) is particularly popular. PA11, derived from renewable sources such as castor oil, is known for its exceptional combination of flexibility, durability, and chemical resistance. The use of PA11 in SLS 3D printing has found applications in industries such as automotive, where it is utilized for producing lightweight yet robust components that contribute to enhanced fuel efficiency. Thermoplastic polyurethane is a type of elastomer that exhibits a remarkable balance of flexibility, durability, and resilience, making it well-suited for a wide range of applications. In the context of SLS 3D printing, TPU offers several advantages. Polyether ether ketone (PEEK) is a high-performance thermoplastic polymer. PEEK is known for its exceptional mechanical properties, including high tensile strength, excellent chemical resistance, and superb thermal stability.

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