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3D Printing PLA Market by Application (Consumer Products, Automotive Parts, Industrial Applications, Healthcare, Aerospace and Defense, Others) And Geography – Global Forecast To 2027

January 2021 | 117 pages | ID: 37A8795A4716EN
Meticulous Market Research Pvt. Ltd.

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3D Printing PLA Market by Application (Consumer Products, Automotive parts, Industrial Applications, Healthcare, Aerospace & Defense, Others) And Geography – Global Forecast To 2027

The 3D printing PLA market is expected to grow at a CAGR of 19.8% from 2020 to 2027 to reach $818.0 million by 2027.

Succeeding an extensive secondary and primary research and in-depth analysis of the market scenario, the report carries out an impact analysis of the key industry drivers, restraints, and opportunities. Factors such as the rising demand for bioplastics, favorable government initiatives, and the performance benefits of PLA are driving the 3D printing PLA market are driving the growth of this market. Moreover, the rising adoption of PLA in the healthcare sector provides significant growth opportunities for players operating in the market.

However, the high cost of PLA and the lack of awareness and technical knowledge regarding 3D printing hinder the growth of this market. The major trends supporting the growth of the market include increasing number of large chemical companies that have started developing their 3D printing materials, increasing focus on environmental conservation, rising adoption in institutional engineering departments to create visual models of components for training and education purposes, and high consistency of material and ease of use with a wide variety of colors.

Based on application, the 3D printing PLA market is segmented into consumer products (electronic components, jewelry, artistic items, and other products), automotive parts, industrial applications (equipment & machines and goods & materials), healthcare, aerospace & defense (prototype weapons and body & spare parts), and other applications.

The healthcare segment is expected to grow at the highest CAGR during the forecast period. The high growth of the segment is majorly attributed to the rising adoption of 3D printing in medical and dental sub-industries, allowing medical professionals to provide patients with new forms of treatment, thereby driving the demand for PLA filaments used for the development of new surgical cutting and drill guides, prosthetics, and the creation of patient-specific replicas of bones, organs, and blood vessels. Moreover, it allows for custom parts tailored to each individual, improving the user experience.

Based on the type of consumer products, the 3D printing PLA market is segmented into electronic components, jewelry, artistic items, and other products. The electronic components segment is projected to grow with the fastest CAGR during the forecast period. The high growth in this segment is majorly attributed to the rising demand for sustainable and eco-friendly electronic components and increased agility in the development & manufacture of electronics products. Moreover, the use of 3D printing technology in consumer electronics applications helps in the in-house development and prototyping of PCBs, allowing designers to create fully-functional electronic devices and prepare for full-scale manufacturing.

Based on industrial application, the 3D printing PLA market is segmented into equipment & machines and goods & materials. The equipment & machines segment is projected to grow at the highest CAGR during the forecast period. The high growth of this segment is majorly attributed to the agility and flexibility offered by 3D printing technology for prototyping and producing equipment & machines used for industrial applications. Moreover, technology offers agile tooling, reduces the lead times required in manufacturing processes, and boosts operational productivity, which drives the demand for 3D printing PLA in industrial equipment & machine applications.

An in-depth analysis of the geographical scenario of the 3D printing PLA market provides detailed qualitative and quantitative insights about the six major geographies (North America, Europe, Asia-Pacific, Latin America, the Middle East, and Africa) along with the coverage of major countries in each region.

In 2020, North America is projected to command the largest share of the 3D printing PLA market, followed by Asia-Pacific, Europe, Latin America, and the Middle East & Africa. The large share of this region is mainly attributed to the early adoption of this technology, the presence of key players, well-established infrastructure, increasing acceptance of 3D printing PLA across various industries, high demand for 3D printing in aerospace & defense applications, and significant opportunities for PLA filament for prototyping and manufacturing weapons and spare parts.

However, the Asia-Pacific region is projected to grow at the fastest CAGR during the forecast period. The high growth of this region is attributed to the robust industrial base, increased funding for research & development, and the introduction of many government-led strategies & policies, such as digitalization and Industry 4.0. Moreover, the increasing adoption of digitalization strategies across the developing nations, the booming consumer products market, and the growing adoption of 3D printing in the healthcare, construction, and education sectors provide significant growth opportunities for 3D printing PLA in the Asia-Pacific region.

The key players operating in the 3D printing PLA market are Stratasys Ltd. (Israel), Colorfabb B.V. (Netherlands), Ultimaker B.V. (Netherlands), Polymaker (China), Torwell Technologies Co. Ltd. (China), Matterhacker Inc. (U.S.), Evonik Industries AG (Germany), BASF SE (Netherlands), Zortrax (Poland), Fillamentum (Czech Republic), Sculpteo (France), Formfutura (Netherlands), IC3D Inc. (U.S.), Protoplant Inc. (U.S.), and Amolen (China).

SCOPE

3D Printing PLA Market, by Application
  • Consumer Products
    • Electronic Components
    • Jewelry, Artistic Items, and Other Products
  • Automotive Parts
  • Industrial Applications
    • Equipment & Machines
    • Goods & Materials
  • Healthcare
  • Aerospace & Defense
    • Prototype Weapons
    • Body & Spare Parts
  • Other Applications
3D Printing PLA Market, by Geography
  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • U.K.
    • France
    • Italy
    • Spain
    • Russia
    • Rest of Europe
  • Asia-Pacific (APAC)
    • Japan
    • China
    • South Korea
    • India
    • Rest of Asia-Pacific (RoAPAC)
  • Latin America
  • Middle East and Africa
1. INTRODUCTION

1.1. Market Definition
1.2. Currency and Limitations
  1.2.1. Currency
  1.2.2. Limitations
1.3. Key Stakeholders

2. RESEARCH METHODOLOGY

2.1. Research Process
2.2. Data Collection & Validation
  2.2.1. Secondary Research
  2.2.2. Primary Research
2.3. Market Assessment
  2.3.1. Market Size Estimation
    2.3.1.1. Bottom-Up Approach
    2.3.1.2. Top-Down Approach
    2.3.1.3. Growth Forecast
2.4. Assumptions for the Study
2.5. Limitations for the Study

3. EXECUTIVE SUMMARY


4. COVID-19: IMPACT ASSESSMENT


5. MARKET INSIGHTS

5.1. Introduction
5.2. Market Dynamics
  5.2.1. Drivers
    5.2.1.1. Rising Demand for Bioplastics
    5.2.1.2. Favourable Government Initiatives
    5.2.1.3. Performance Benefits of PLA
  5.2.2. Restraints
    5.2.2.1. High Cost of PLA
  5.2.3. Opportunities
    5.2.3.1. Rising Adoption of PLA in the Healthcare Sector
  5.2.4. Challenges
    5.2.4.1. Lack of Awareness and Technical Knowledge Regarding 3D Printing
5.3. Trends
  5.3.1. Growing Number of Companies Entering the Polymers Market
5.4. Value Chain Analysis

6. GLOBAL 3D PRINTING PLA MARKET, BY APPLICATION

6.1. Introduction
6.2. Consumer Products
  6.2.1. Electronic Components
  6.2.2. Jewelry, Artistic Items, and Other Products
6.3. Automotive Parts
6.4. Industrial Applications
  6.4.1. Equipment & Machines
  6.4.2. Goods & Materials
6.5. Healthcare
6.6. Aerospace & Defense
  6.6.1. Prototype Weapons
  6.6.2. Body & Spare Parts
6.7. Other Applications

7. 3D PRINTING PLA MARKET, BY GEOGRAPHY

7.1. Introduction
7.2. North America
  7.2.1. U.S.
  7.2.2. Canada
7.3. Europe
  7.3.1. Germany
  7.3.2. U.K.
  7.3.3. Italy
  7.3.4. France
  7.3.5. Russia
  7.3.6. Spain
  7.3.7. Rest of Europe (RoE)
7.4. Asia-Pacific
  7.4.1. China
  7.4.2. Japan
  7.4.3. South Korea
  7.4.4. India
  7.4.5. Rest of Asia-Pacific (RoAPAC)
7.5. Latin America
7.6. Middle East and Africa

8. COMPETITIVE LANDSCAPE

8.1. Introduction
8.2. Key Growth Strategies
8.3. Competitive Analysis
  8.3.1. Colorfabb B.V.
  8.3.2. Ultimaker
  8.3.3. Polymaker

9. COMPANY PROFILES (BUSINESS OVERVIEW, FINANCIAL OVERVIEW, PRODUCT PORTFOLIO, AND STRATEGIC DEVELOPMENTS)

9.1. Stratasys, Ltd.
9.2. ColorFabb B.V.
9.3. Ultimaker BV
9.4. Polymaker
9.5. Torwell Technologies Co., Ltd.
9.6. MatterHackers, Inc.
9.7. Evonik Industries AG
9.8. BASF SE
9.9. Zortrax
9.10. Fillamentum
9.11. Sculpteo (A Brand of BASF)
9.12. FormFutura
9.13. Ic3d, Inc.
9.14. Protoplant, Inc.
9.15. Amolen

10. APPENDIX

10.1. Questionnaire
10.2. Available Customization

LIST OF TABLES

Table 1 Global 3D Printing PLA Market Size, By Application, 2018-2027(USD Million)
Table 2 Global 3D Printing PLA Market Size for Consumer Products, By Type, 2018-2027 (USD Million)
Table 3 3D Printing PLA Market Size for Consumer Products, By Country/Region, 2018-2027 (USD Million)
Table 4 3D Printing PLA Market Size for Electronic Components, By Country/Region, 2018-2027 (USD Million)
Table 5 3D Printing PLA Market Size for Jewellery, Artistic Items, And Other Products, By Country/Region, 2018-2027 (USD Million)
Table 6 3D Printing PLA Market Size for Automotive Parts, By Country/Region, 2018-2027 (USD Million)
Table 7 Global 3D Printing PLA Market Size for Industrial Applications, By Type, 2018-2027 (USD Million)
Table 8 3D Printing PLA Market Size for Industrial Applications, By Country/Region, 2018-2027 (USD Million)
Table 9 3D Printing PLA Market Size for Equipment & Machines, By Country/Region, 2018-2027 (USD Million)
Table 10 3D Printing PLA Market Size for Goods & Materials, By Country/Region, 2018-2027 (USD Million)
Table 11 3D Printing PLA Market Size for Healthcare, By Country/Region, 2018-2027 (USD Million)
Table 12 Global 3D Printing PLA Market Size for Aerospace & Defense, By Type, 2018-2027 (USD Million)
Table 13 Global 3D Printing PLA Market Size for Aerospace & Defense, By Country/ Region 2018–2025 (USD Million)
Table 14 3D Printing PLA Market Size for Prototype Weapons, By Country/Region, 2018-2027 (USD Million)
Table 15 3D Printing PLA Market Size for Body & Spare Parts, By Country/Region, 2018-2027 (USD Million)
Table 16 3D Printing PLA Market Size for Other Applications, By Country/Region, 2018-2027 (USD Million)
Table 17 North America: 3D Printing PLA Market Size, By Country, 2018-2027 (USD Million)
Table 18 North America: 3D Printing PLA Market Size, By Application, 2018-2027 (USD Million)
Table 19 North America: 3D Printing PLA Market Size for Consumer Products, By Type, 2018-2027 (USD Million)
Table 20 North America: 3D Printing PLA Market Size for Industrial Applications, By Type, 2018-2027 (USD Million)
Table 21 North America: 3D Printing PLA Market Size for Aerospace & Defence, By Type, 2018-2027 (USD Million)
Table 22 U.S.: 3D Printing PLA Market Size, By Application, 2018-2027 (USD Million)
Table 23 U.S.: 3D Printing PLA Market Size for Consumer Products, By Type, 2018-2027 (USD Million)
Table 24 U.S.: 3D Printing PLA Market Size for Industrial Applications, By Type, 2018-2027 (USD Million)
Table 25 U.S.: 3D Printing PLA Market Size for Aerospace & Defence, By Type, 2018-2027 (USD Million)
Table 26 Canada: 3D Printing PLA Market Size, By Application, 2018-2027 (USD Million)
Table 27 Canada: 3D Printing PLA Market Size for Consumer Products, By Type, 2018-2027 (USD Million)
Table 28 Canada: 3D Printing PLA Market Size for Industrial Applications, By Type, 2018-2027 (USD Million)
Table 29 Canada: 3D Printing PLA Market Size for Aerospace & Defence, By Type, 2018-2027 (USD Million)
Table 30 Europe: 3D Printing PLA Market Size, By Country, 2018-2027 (USD Million)
Table 31 Europe: 3D Printing PLA Market Size, By Application, 2018-2027 (USD Million)
Table 32 Europe: 3D Printing PLA Market Size for Consumer Products, By Type, 2018-2027 (USD Million)
Table 33 Europe: 3D Printing PLA Market Size for Industrial Applications, By Type, 2018-2027 (USD Million)
Table 34 Europe: 3D Printing PLA Market Size for Aerospace & Defence, By Type, 2018-2027 (USD Million)
Table 35 Germany: 3D Printing PLA Market Size, By Application, 2018-2027 (USD Million)
Table 36 Germany: 3D Printing PLA Market Size for Consumer Products, 2018-2027 (USD Million)
Table 37 Germany: 3D Printing PLA Market Size for Industrial Applications, By Type, 2018-2027 (USD Million)
Table 38 Germany: 3D Printing PLA Market Size for Aerospace & Defence, By Type, 2018-2027 (USD Million)
Table 39 U.K.: 3D Printing PLA Market Size, By Application, 2018-2027 (USD Million)
Table 40 U.K.: 3D Printing PLA Market Size for Consumer Products, By Type, 2018-2027 (USD Million)
Table 41 U.K.: 3D Printing PLA Market Size for Industrial Applications, By Type, 2018-2027 (USD Million)
Table 42 U.K.: 3D Printing PLA Market Size for Aerospace & Defence, By Type, 2018-2027 (USD Million)
Table 43 Italy: 3D Printing PLA Market Size, By Application, 2018-2027 (USD Million)
Table 44 Italy: 3D Printing PLA Market Size for Consumer Products, By Type, 2018-2027 (USD Million)
Table 45 Italy: 3D Printing PLA Market Size for Industrial Applications, By Type, 2018-2027 (USD Million)
Table 46 Italy: 3D Printing PLA Market Size for Aerospace & Defence, By Type, 2018-2027 (USD Million)
Table 47 France: 3D Printing PLA Market Size, By Application, 2018-2027 (USD Million)
Table 48 France: 3D Printing PLA Market Size for Consumer Products, By Type, 2018-2027 (USD Million)
Table 49 France: 3D Printing PLA Market Size for Industrial Applications, By Type, 2018-2027 (USD Million)
Table 50 France: 3D Printing PLA Market Size for Aerospace & Defence, By Type, 2018-2027 (USD Million)
Table 51 Russia: 3D Printing PLA Market Size, By Application, 2018-2027 (USD Million)
Table 52 Russia: 3D Printing PLA Market Size for Consumer Products, By Type, 2018-2027 (USD Million)
Table 53 Russia: 3D Printing PLA Market Size for Industrial Applications, By Type, 2018-2027 (USD Million)
Table 54 Russia: 3D Printing PLA Market Size for Aerospace & Defence, By Type, 2018-2027 (USD Million)
Table 55 Spain: 3D Printing PLA Market Size, By Application, 2018-2027 (USD Million)
Table 56 Spain: 3D Printing PLA Market Size for Consumer Products, By Type, 2018-2027 (USD Million)
Table 57 Spain: 3D Printing PLA Market Size for Industrial Applications, By Type, 2018-2027 (USD Million)
Table 58 Spain: 3D Printing PLA Market Size for Aerospace & Defence, By Type, 2018-2027 (USD Million)
Table 59 Rest of Europe: 3D Printing PLA Market Size, By Application, 2018-2027 (USD Million)
Table 60 Rest of Europe: 3D Printing PLA Market Size for Consumer Products, By Type, 2018-2027 (USD Million)
Table 61 Rest of Europe: 3D Printing PLA Market Size for Industrial Applications, By Type, 2018-2027 (USD Million)
Table 62 Rest of Europe: 3D Printing PLA Market Size for Aerospace & Defence, By Type, 2018-2027 (USD Million)
Table 63 Asia-Pacific: 3D Printing PLA Market Size, By Country, 2018-2027 (USD Million)
Table 64 Asia-Pacific: 3D Printing PLA Market Size, By Application, 2018-2027 (USD Million)
Table 65 Asia-Pacific: 3D Printing PLA Market Size for Consumer Products, By Type, 2018-2027 (USD Million)
Table 66 Asia-Pacific: 3D Printing PLA Market Size for Industrial Applications, By Type, 2018-2027 (USD Million)
Table 67 Asia-Pacific: 3D Printing PLA Market Size for Aerospace & Defence, By Type, By Type, 2018-2027 (USD Million)
Table 68 China: 3D Printing PLA Market Size, By Application, 2018-2027 (USD Million)
Table 69 China: 3D Printing PLA Market Size for Consumer Products, By Type, 2018-2027 (USD Million)
Table 70 China: 3D Printing PLA Market Size for Industrial Applications, By Type, 2018-2027 (USD Million)
Table 71 China: 3D Printing PLA Market Size for Aerospace & Defence, By Type, 2018-2027 (USD Million)
Table 72 Japan: 3D Printing PLA Market Size, By Application, 2018-2027 (USD Million)
Table 73 Japan: 3D Printing PLA Market Size for Consumer Products, By Type, 2018-2027 (USD Million)
Table 74 Japan: 3D Printing PLA Market Size for Industrial Applications, By Type, 2018-2027 (USD Million)
Table 75 Japan: 3D Printing PLA Market Size for Aerospace & Defence, By Type, 2018-2027 (USD Million)
Table 76 South Korea: 3D Printing PLA Market Size, By Application, 2018-2027 (USD Million)
Table 77 South Korea: 3D Printing PLA Market Size for Consumer Products, By Type, 2018-2027 (USD Million)
Table 78 South Korea: 3D Printing PLA Market Size for Industrial Applications, By Type, 2018-2027 (USD Million)
Table 79 South Korea: 3D Printing PLA Market Size for Aerospace & Defence, By Type, 2018-2027 (USD Million)
Table 80 India: 3D Printing PLA Market Size, By Application, 2018-2027 (USD Million)
Table 81 India: 3D Printing PLA Market Size for Consumer Products, By Type, 2018-2027 (USD Million)
Table 82 India: 3D Printing PLA Market Size for Industrial Applications, By Type, 2018-2027 (USD Million)
Table 83 India: 3D Printing PLA Market Size for Aerospace & Defence, By Type, 2018-2027 (USD Million)
Table 84 RoAPAC: 3D Printing PLA Market Size, By Application, 2018-2027 (USD Million)
Table 85 RoAPAC: 3D Printing PLA Market Size for Consumer Products, By Type, 2018-2027 (USD Million)
Table 86 RoAPAC: 3D Printing PLA Market Size for Industrial Applications, By Type, 2018-2027 (USD Million)
Table 87 RoAPAC: 3D Printing PLA Market Size for Aerospace & Defence, By Type, 2018-2027 (USD Million)
Table 88 Latin America: 3D Printing PLA Market Size, By Application, 2018-2027 (USD Million)
Table 89 Latin America: 3D Printing PLA Market Size for Consumer Products, By Type, 2018-2027 (USD Million)
Table 90 Latin America: 3D Printing PLA Market Size for Industrial Applications, By Type, 2018-2027 (USD Million)
Table 91 Latin America: 3D Printing PLA Market Size for Aerospace & Defence, By Type, 2018-2027 (USD Million)
Table 92 Middle East & Africa: 3D Printing PLA Market Size, By Application, 2018-2027 (USD Million)
Table 93 Middle East & Africa: 3D Printing PLA Market Size for Consumer Products, By Type, 2018-2027 (USD Million)
Table 94 Middle East & Africa: 3D Printing PLA Market Size for Industrial Applications, By Type, 2018-2027 (USD Million)
Table 95 Middle East & Africa: 3D Printing PLA Market Size for Aerospace & Defence, By Type, 2018-2027 (USD Million)
Table 96 Recent Developments, By Company, 2017–2020

LIST OF FIGURES

Figure 1 Scope of the Global 3D Printing PLA Market
Figure 2 Key Stakeholders of the Global 3D Printing PLA Market
Figure 3 Research Process
Figure 4 Key Secondary Sources
Figure 5 Primary Research Techniques
Figure 6 Key Executives Interviewed
Figure 7 Breakdown of Primary Interviews
Figure 8 Market Size Estimation
Figure 9 The Healthcare Segment to Witness Significant Growth in the 3D Printing PLA Market, 2020-2027
Figure 10 Global 3D Printing PLA Market Share, By Geography, 2020
Figure 11 Market Dynamics
Figure 12 Bioplastics: Global Production Capacities
Figure 13 Value Chain of the 3D Printing PLA Market
Figure 14 Global 3D Printing PLA Market Size, By Application, 2020—2027 (USD Million)
Figure 15 Key Adopters of 3D Printing PLA Products (2020)
Figure 16 Key Growth Strategies Adopted By Leading Players, 2017-2020
Figure 17 Stratasys, Ltd.: Financial Overview, 2019
Figure 18 Evonik Industries AG: Financial Overview, 2019
Figure 19 BASF SE: Financial Overview, 2019


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