Compound Feed Market Forecasts to 2028 – Global Analysis By Ingredient (By-Products, Cereals and other ingredients), Source (Animal-Based and Plant-Based), Form (Crumble, Pellet, Other Forms), Livestock (Aquaculture, Ruminants, Other Livestocks), Suppleme

Compound Feed Market Forecasts to 2028 – Global Analysis By Ingredient (By-Products, Cereals and other ingredients), Source (Animal-Based and Plant-Based), Form (Crumble, Pellet, Other Forms), Livestock (Aquaculture, Ruminants, Other Livestocks), Supplement (Enzymes, Antioxidants, Other Supplements) Distribution Channel and By Geography

According to Stratistics MRC, the Global 3D Printing Plastics Market is accounted for $990.70 million in 2022 and is expected to reach $3,945.47 million by 2028 growing at a CAGR of 25.9% during the forecast period. 3D printing plastics have resulted in numerous significant advancements in the automotive industry, including lighter, cleaner, safer, and more inventive products. OEMs mostly used 3D printing for fast prototyping. In the 3D printing industry, photopolymers are frequently used because they make high-resolution product production and customization easier. The most popular photopolymer 3D printing technologies in the market include SLA printing, DLA printing, MJM, and Polyjet. These photopolymers are widely used in many different fields, such as dentistry, medicine, jewellery, and the development of prototypes for commercial purposes.

According to the U.S. Department of Health and Human Services, the Fiscal Year (FY) 2022 budget proposes a discretionary budget authority of $94.5 billion and mandatory support for Health and Human Services of $1.3 trillion.

Market Dynamics:

Driver:

Rising Demand in Healthcare Industry

Growing adoption of 3D-printed plastic in the healthcare industry is propelling market expansion. Cost-effectiveness, simplicity of customisation, as well as the increasing prevalence of vascular and arthritic illnesses, is a major factor influencing demand for 3D printed plastics in the medical sector. Due to its rigidity, strength, chemical compatibility, and temperature endurance, polyamide or nylon is frequently used for injection moulding in medical devices. The market will expand due to the expanding use of photopolymers for high-resolution, ultra-fine parts in medical devices.

Restraint:

Environmental Issues

Plastic pollution has gradually displaced other environmental issues in recent years as the centre of attention. The usage of plastics, especially single-use plastics, is one of the biggest environmental issues. Applications for 3D printing range from aerospace to healthcare, and take advantage of the strong, flexible properties of polymers. One of the most popular filaments used in plastics, such as beverage bottles and food packaging, is polyethylene terephthalate (PET). Other filaments include polycarbonate and ABS, which are reasonably priced, flexible, and simple to produce.

Opportunity:

Direct digital manufacturing

In recent years, there has been a significant advancement in the digitization of dental and medical procedures with the goal of improving clinical workflow. Direct digital manufacturing is the process of creating a physical thing directly from a digital design using computer-controlled procedures. Direct digital manufacturing, which replaces traditional manufacturing methods, is growing in popularity as 3D printing technology advances. As it eliminates the need for tooling, shortens the time between design and production, and increases output, it offers a special set of advantages.

Threat:

High production cost

The expansion of the market as a whole is being constrained by the high production costs of 3D printed plastic components. Equipment for 3D printing has a significant starting cost. An investment with high capital intensity is commercial grade equipment. Additionally, premium grades made expressly for 3D applications in a variety of end-use industries drive up the price of 3D printing materials and plastics.

Covid-19 Impact

The growth in positive COVID-19 cases around the world led to a tremendous demand from the healthcare industry for 3D printing plastics. Since the corona virus outbreak, the market for medical accessories such faces shields, masks, ventilator valves, and others have increased. The increasing demand for medical components from all over the world as a result of the COVID-19 palindrome has also increased the desire for 3D printing adoption in various places. Ventilator demand has significantly increased as a result of the epidemic. Also, the market expansion for 3D printed medical devices was slightly constrained by the closure of production facilities brought on by lockdowns and interrupted supply chains.

The Photopolymer segment is expected to be the largest during the forecast period

The Photopolymer segment is estimated to have a lucrative growth, due to increasing consumer demand and preferred use as a cause. This is because there is a considerable need for tissue engineering and cell encapsulation systems, catheters, medication delivery systems, hearing aids, surgical masks, and medical filters. Excellent thermo-mechanical characteristics of photopolymer include chemical resistance and great thermal precision, and it transforms from a solid to a liquid state when exposed to UV light. These characteristics make it excellent for 3D printing in the medical field.

The medical segment is expected to have the highest CAGR during the forecast period

The medical segment is anticipated to witness the fastest CAGR growth during the forecast period, due to as increasing occurrence of vascular and arthritic sickness, effortlessness of customization, and cost efficiency. Furthermore, better product demand in medical applications is proposed to be boosted by improved knowledge, good-looking government support, and rapid product development. 3D printing has totally transformed the medical sector from bone porotype organ prototypes and modified applications.

Region with highest share:

North America is projected to hold the largest market share during the forecast period owing to the 3D printing industry's cutting-edge technology, the market has grown tremendously. The mechanical and chemical qualities provided by 3D printed plastics are a contributing factor in the rising demand for these materials in medical equipment. Additionally, it is anticipated that the steadily growing patient population brought on by the COVID-19 outbreak at the community level would drive the demand for medical components and consequently increase the demand for 3D printing plastics.

Region with highest CAGR:

Asia Pacific is projected to have the highest CAGR over the forecast period, owing to plastics is so easily accessible and has lower costs. There is great potential for market expansion in the years to come. A global supplier of polymers for 3D printing will emerge from the region as a result of the simple access to raw materials. Businesses are concentrating on improving their market position in the Asia Pacific region.

Key players in the market

Some of the key players profiled in the 3D Printing Plastics Market include SABIC, BASF SE, Evonik Industries AG, HP Inc., DowDuPont Inc., Clariant International Ltd., Oxford Performance Materials Inc., 3D Systems Corporation, Covestro AG, Hunstman Corporation, General Electric, The ExOne Company, PolyOne Corporation, Stratasys Ltd., Arkema Inc., Toner Plastics, Bolson Materials and Golden Plastics.

Key Developments:

In March 2022, 3D Systems, the leading additive manufacturing solutions provider, and the Saudi Arabian Industrial Investments Company (Dussur) have signed an agreement intended to expand the use of additive manufacturing (AM) within the Kingdom of Saudi Arabia and surrounding geographies, including the Middle East and North Africa.

In March 2022, the specialty chemicals company Evonik and Australia's 3D printer manufacturer Asiga announced their collaboration in photopolymer-based 3D printing. Both companies aim to drive forward 3D printing large-scale industrial manufacturing by extending today's capabilities of photo-curing technologies.

In February 2022, 3D Systems announced that it has entered into an agreement to acquire Titan Additive LLC (Titan Robotics), the Colorado-based designer and fabricator of large-format, industrial 3D printers. With this acquisition, 3D Systems will expand the strength and breadth of its polymer AM solutions portfolio to address new applications in markets such as Foundries.

In November 2021, Arkema and SEQENS have renewed their alliance and cooperated on the advancement of Medical IMPEKK PEKK for long-term implants, which is excellent for 3D printing.

Forms Covered:
• Ink/Liquid
• Powder
• Filament
• Other Forms

Types Covered:
• Polylactic acid (PLA)
• Polyamide/Nylon
• Photopolymers
• Acrylonitrile Butane Styrene (ABS)
• Polycarbonates
• Polyethylene Terephthalate (PET)
• Glycolized polyester (PETG)
• Acrylonitrile Styrene Acrylate (ASA)
• High Performance Polymers
• Other Types

Applications Covered:
• Manufacturing
• Prototyping
• Other Applications

End Users Covered:
• Aerospace & Defense
• Automotive
• Consumer Goods
• Medical
• Healthcare
• Electrical & Electronics
• Other End Users

Regions Covered:
• North America
US
Canada
Mexico
• Europe
Germany
UK
Italy
France
Spain
Rest of Europe
• Asia Pacific
Japan
China
India
Australia
New Zealand
South Korea
Rest of Asia Pacific
• South America
Argentina
Brazil
Chile
Rest of South America
• Middle East & Africa
Saudi Arabia
UAE
Qatar
South Africa
Rest of Middle East & Africa

What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2020, 2021, 2022, 2025, and 2028
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements