North America to continue the similar growing trend in the 3D printing high performance plastic market

The global 3D printing high performance plastic market is expected to grow from USD 72 million in 2020 to USD 202 million by 2025, at a CAGR of 22.9% during the forecast period. Increasing demand from high end-use industries, growing novel application in tooling and proptotying, and government supportive activities to promote the usage of 3D printing materials is driving the growth of the market.

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North America held the largest share in 3D printing high performance plastic market and is projected to continue the similar trend over the projected period. Manufacturers of 3D printing materials in North America are putting efforts by undertaking new product launch, collaboration, and other strategies. For instance, in September 2018, Stratasys Ltd. signed a multi-year technical partnership with Team Penske (US). Team Penske will be using advanced materials, such as Carbon Fiber-filled Nylon 12, in additive manufacturing for advanced car testing, production parts, and prototypes. The partnership is aimed at innovating new materials in 3D printing to increase output and improve vehicle performance.

Some of the key players in the global 3D printing high performance plastic market are: – Arkema S.A. (France) https://www.arkema.com/global/en/ – Royal DSM N.V. (the Netherlands): https://www.dsm.com/corporate/home.html – Stratasys, Ltd. (US): https://www.stratasys.co.in/ – 3D Systems Corporation (US): https://www.3dsystems.com/ – EOS GmbH Electro Optical Systems (Germany): https://www.eos.info/en These companies are involved in adopting various inorganic and organic strategies to increase their foothold in the 3D printing high performance plastic industry. The study includes an in-depth competitive analysis of these key players in the 3D printing high performance plastic market, with their company profiles, recent developments, and key market strategies.

Recent Developments

• In July 2020, Victrex, a global leader in high-performance PEEK and PAEK polymer solutions, launched VICTREX AM 200 Filament which has been specifically designed and optimized for additive manufacturing. The filament is PAEK-based and is in high demand for high-performance parts owing to its excellent mechanical properties..
• In October 2019, Solvay Group introduced KetaSpire PEEK XT, the industry’s first true high-temperature PEEK. This innovative material provides the chemical resistance of standard PEEK plus with significantly higher stiffness and strength at elevated temperature. KetaSpire PEEK XT delivers the exceptional chemical resistance of PEEK along with higher glass transition temperature and higher melting temperature than standard PEEK.

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