3D Printing Plastics Market size is expected to reach USD 5.4 billion by 2030
3D Printing Plastics Industry Overview The global 3D printing plastics market size was valued at USD 786.9 million in 2021 and is expected to expand at a compound annual growth rate (CAGR) of 23.9% from 2022 to 2030. Ease in customized product development, coupled with favorable government investments, is likely to augment the market growth over the coming years. In addition, the rising demand from the end-user industries such as automotive, medical, and aerospace & defense is likely to drive the market demand. Recent developments in the additive manufacturing industry have created significant avenues for the automotive industry. It has facilitated the development of innovative, stronger, lighter, and safer components and parts with lesser lead times as well as costs. The OEMs mainly utilized 3D printing for rapid prototyping. Thus, the rising product demand in the automotive industry is expected to fuel the market growth in the coming years. ...