Reports
Reports
The global polypropylene in 3D printing market is expected to witness moderate growth during the forecast period between 2021 and 2031.
Polypropylene has been deployed in several industries such as automotive, aerospace & defense, medical, and consumer goods. Key reason behind the increased product deployment is product features such as impact flexibility, chemical resistance, and lightweight nature.
These characteristics have increased the product demand and is expected to help the overall growth in the global polypropylene in 3D printing market, in future.
Fused deposition modeling and powered forms have emerged as the most commonly deployed types of 3D printing technology and are expected to continue to make a significant contribution to the growth of the overall polypropylene in 3D printing market in future, too.
Rising demand from the automotive industry in leading economies globally is the key growth driver for the polypropylene in 3D printing market.
A key reason behind the increased product demand in the automotive industry is because of features such as stiffness, efficient sealing, and ease of processability.
Advancements to existing products could fuel product demand and contribute to the growth of the global polypropylene in 3D printing market, in the years ahead.
Other factors such as growth in the various end-use industries during the post-pandemic phase could also play a key role in the growth of the overall polypropylene in 3D printing market, in the coming years.
Automotive end-use segment is anticipated to make the largest contribution to the overall polypropylene in 3D printing market in future because of continuous growth witnessed in the electric vehicle industry in leading economies, globally.
The global polypropylene in 3D printing market comprises of several well-established market players, many of whom are expected to account for a large share in the overall market, in future.
Prominent polypropylene in 3D printing market players are expected to engage in growth strategies such as novel product launches, in a bid to gain a competitive edge over other players.
Collaboration with smaller players could help well-established polypropylene in 3D printing market players expand their market presence and increase their revenue shares.
Leading market player Braskem signed a collaborative agreement with Nexeo Plastics LLC in August 2021 to distribute the firm's polypropylene filament in countries belonging to North America and Europe.
The smaller polypropylene in 3D printing market players will seek funding from private investors, which could help them in their long-term growth.
Some of the leading players in the global polypropylene in 3D printing market include BASF SE, SABIC, Braskem Exxon Mobil Corporation, and Sculpteo.
The global polypropylene in 3D printing market is divided into five regions, namely, North America, Europe, Asia Pacific, Latin America, and Middle East and Africa.
Europe is expected to be the dominant region in the global polypropylene in 3D printing market in future owing to increasing demand for 3D printing technology and growing automotive industry in countries such as Germany, contributing to market growth in the region.
North America is anticipated to witness strong growth in the global polypropylene in 3D printing market because of the presence of several well-established market players in countries such as US and Canada.
Asia Pacific is anticipated to witness moderate growth in the overall polypropylene in 3D printing market because of reduced presence of prominent market players in countries such as India and China.
Other regions of the world such as Latin America and Middle East and Africa are expected to witness sluggish growth in the overall polypropylene in 3D printing market, in the coming years.
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Polypropylene in 3D Printing Market
