At 19.6% CAGR, Europe Plastics for SLS 3D Printing Market is Projected to be Worth US$ 245.41 Million by 2030, Says Business Market Insights

According to Business Market Insights' research, the Europe plastics for SLS 3D printing market was valued at US$ 58.43 million in 2022 and is expected to reach US$ 245.41 million by 2030, registering a CAGR of 19.6% from 2022 to 2030. Increasing demand for SLS 3D printing from the healthcare industry and growing demand for lightweight and durable parts in various industries are among the critical factors attributed to the Europe plastics for SLS 3D printing market expansion.

In the healthcare industry, there is a rise in the production of patient-specific implants and prosthetics. For instance, in orthopedics, SLS has been used to manufacture customized hip and knee implants tailored to a patient's unique anatomy. Such implants improve comfort and reduce the risk of complications, leading to enhanced patient outcomes. In the dental field, SLS 3D printing has become indispensable for creating highly accurate models, crowns, bridges, and dentures. For instance, dental laboratories are adopting SLS technology to meet the growing demand for precision dental restorations, offering patients better-fitting and more durable solutions. Additionally, SLS is being employed for surgical planning and training. Hospitals and medical institutions use SLS-printed anatomical models to simulate and practice complex surgeries. Surgeons can refine their techniques, minimizing risks during actual procedures. This has become particularly relevant for intricate surgeries, such as neurosurgery or craniofacial reconstructions. Furthermore, SLS technology is widely used in the field of pharmaceuticals, which includes the increasing use of SLS to create personalized drug delivery systems, allowing for patient-specific medications with precise dosages. This has the potential to revolutionize medication effectiveness and patient care. In the prosthetics sector, SLS-printed components are contributing to enhanced functionality and comfort for amputees. Prosthetic limbs are becoming lighter and more customizable, offering a better quality of life for individuals in need of these devices. Hence, the increasing utilization from the healthcare sector is likely to offer several opportunities for the global plastic for SLS 3D printing market during the forecast period.

On the contrary, high cost of SLS-compatible plastics hampers the growth of Europe plastics for SLS 3D printing market.

Based on type, the Europe plastics for SLS 3D printing market is categorized into polyamide, thermoplastic polyurethane (TPU), polyether ether ketone (PEEK), and others. The polyamide segment held 74.9% share of the Europe plastics for SLS 3D printing market in 2022, amassing US$ 43.78 million. It is projected to garner US$ 188.22 million by 2030 to expand at 20.0% CAGR during 2022-2030.

By end-use industry, the Europe plastics for SLS 3D printing market is segmented into healthcare, aerospace & defense, automotive, electronics, and others. The others segment held 27.8% share of Europe plastics for SLS 3D printing market in 2022, amassing US$ 16.22 million. It is projected to garner US$ 60.47 million by 2030 to expand at 17.9% CAGR during 2022-2030.

Based on country, the Europe plastics for SLS 3D printing market is categorized into Germany, France, Italy, the UK, Russia, and the Rest of Europe. The Rest of Europe held 24.4% share of Europe plastics for SLS 3D printing market in 2022, amassing US$ 14.24 million. It is projected to garner US$ 54.11 million by 2030 to expand at 18.2% CAGR during 2022-2030.

Key players operating in the Europe plastics for SLS 3D printing market are 3D Systems Corp, BASF SE, Evonik Industries AG, Arkema SA, Ensinger GmbH, Fiberlab SA, Stratasys Ltd, Sinterit Sp Zoo, EOS GmbH, and CRP Service SRL, among others.

• In April 2023, Stratasys acquired Covestro AM materials to expand its differentiated 3D printed materials offering in stereolithography, DLP, and powders to address more manufacturing industry applications.
  
  
• In February 2023, 3D Systems introduced a novel High-Speed Fusion industrial 3D printer platform and material portfolio, which was developed in collaboration with Jabil Inc.
  
  

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