Global market for 3D printing high-performance plastics with significant growth rate until 2030: P&S Intelligence
NEW YORK, August 9, 2021 / PRNewswire / – The increasing use of 3D printing in various industries such as the automotive, aerospace, and aerospace & defense industries, as well as the increasing demand for custom mass production are the main factors driving the expansion of the global 3D printing market. High performance plastics. Due to these factors, significant growth is forecast for the market between 2021 and 2030.
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The COVID-19 pandemic has led to massive disruptions in logistics, supply chain and production processes, which in turn has led to a massive shortage of the availability of medical devices. As 3D printers can make on-demand personal protective equipment, medical devices, and other vital consumables to compensate for the losses, their sales have skyrocketed during the pandemic. Therefore, it is safe to say that the COVID-19 pandemic has had a positive impact on the advancement of the high-performance 3D printing plastics market.
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Depending on the application, the market for 3D printing high-performance plastics is divided into the categories of tools, production of functional parts and prototypes. Of these, the prototyping category dominated the market in 2020. This is attributed to the fact that 3D printers can quickly perform multiple iterations of different designs based on product test results. This helps manufacturing companies save time and reduce their spending on prototyping tests.
The 3D Printing High Performance Plastics market is also segmented by type into Polyetheretherketone (PEEK) & Polyetherketoneketone (PEKK), Polyamide (PA), Reinforced High Pressure Processing (HPP), Polyetheramide (PEI), and others like Polysulfone [PSU], Polyethersulfone [PES]), Polyamide-imide [PAI], and polyphenyl sulfone [PPSU]. Among these, the PA category dominated the market in 2020 due to the mechanical properties of this plastic such as stiffness, impact resistance and stability. In addition, the widespread use of PA in the manufacture of injection molds and gears and other components in the aerospace, automotive, robotics and medical prosthesis industries also contributes to the growth of this category in the market.
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Browse Detailed Report with COVID-19 Impact Analysis on 3D Printing High Performance Plastics Market Research Report: By Type (Polyamide, Polyetherimide, Polyetheretherketone and Polyetherketoneketone, Reinforced High-Performance Plastic), Shape (Filament and Pellet, Powder), Application (Prototyping.), Tooling, Manufacturing of Functional Parts) – Global Industry Analysis and Growth Forecast to 2030 @ https://www.psmarketresearch.com/market-analysis/3d-printing-high-performance-plastics-market
Global, North America dominated the 3D printing high-performance plastics market between 2015 and 2020 and is expected to maintain its dominance over the forecast period. This is due to increasing investment in research and development (R&D) being made due to the growing focus on rapid technological advances in the region.
The players in the 3D printing high-performance plastics market are focusing on partnerships to gain an edge over their competitors. For example, Solvay SA has partnered with PrinterPrezz Inc., a medical 3D printing company December 2020. This partnership combines polymer with expertise in metal 3D printing and nanotechnology known as the “medifacturing approach”. In addition, PrinterPrezz and Solvay work together to develop advanced selective laser sintering (SLS) technology for the manufacture of various medical devices and implants.
Some of the key players in the high-performance 3D printing plastics market are Arkema SA, Oxford Performance Materials, Royal DSM NV, EOS GmbH Electro Optical Systems, Stratasys Ltd., Solvay SA, Evonik Industries AG, Victrex plc and 3D Systems Group.
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3D Printing Materials Market – Geographically speaking, the 3D Printing Materials market would be showing lucrative growth Europe and North America in the coming years. The rapid expansion of the market in these regions would be due to the existence of several established companies producing 3D printing materials and the increasing spread of the 3D printing process in the medical and dental industries.
3D Printing Filament Market – Globally, the 3D printing filament market will show the fastest growth in the APAC region in the coming years. This is attributed to the presence of a thriving manufacturing sector in APAC countries, such as: China and the increasing implementation of favorable government policies to introduce modern manufacturing technologies in the region.
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SOURCE P&S Intelligence