Plastic For Sls 3d Printing Market Scope And Analysis

Plastic for SLS 3D Printing Market Report Scope

IMPACT OF COVID-19 PANDEMIC/IMPACT OF GEOPOLITICAL SCENARIO/IMPACT OF RECESSION 

Before the COVID-19 pandemic, many countries across the globe reported economic growth. The key manufacturers invested in the research and development of plastic for SLS 3D printing. They also focused on the expansion of geographic reach through merger and acquisition strategies to cater to a wide customer base. During the pandemic, supply chain disruptions, raw material and labor shortages, and operational difficulties created a demand and supply gap, which adversely affected the growth of plastic for SLS 3D printing market. Manufacturers reported challenges in sourcing raw materials and ingredients from suppliers, thereby impacting the production rate of plastic for SLS 3D printing. Further, production shortfall caused by severe disruptions in supply chains and limited skilled laborers created a demand-supply gap in many regions, particularly Asia Pacific, Europe, and North America. The demand and supply gap were also recorded in the aforementioned regions due to fluctuating demand from the automotive industry.

The sales of plastic for SLS 3D printing increased with the resumption of 3D printing services. The plastic for SLS 3D printing market began reviving as governments of various countries took significant measures, such as well-coordinated vaccination drives. With the recovery of operations of the automotive and aerospace & defense sectors, the demand for 3D printing materials has been growing. In addition, the expansion of the electronics sector across the globe is boosting the demand for plastic for SLS 3D printing.

COMPETITIVE LANDSCAPE AND KEY COMPANIES

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 are among the key players operating in the plastic for SLS 3D printing market.