According to the Huatai Securities Research Report, the volume of consumer-grade 3D printing equipment is expected to drive continued growth in demand for consumables. Sales of new machines drive initial consumables procurement, and the expansion of equipment holdings and increased printing frequency are expected to increase subsequent consumption of consumables, creating continuous demand for repurchases. Huatai Securities believes that under the FDM route, PLA and PETG are expected to be the first to benefit, and the application penetration of flexible materials and engineering plastics is expected to gradually increase as printing scenarios expand; the light-curing route is expected to rely on increased demand in some professional scenarios, bringing incremental demand for acrylic formulations.

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