Showing posts with label 3D Printing High Performance Plastic. Show all posts
Showing posts with label 3D Printing High Performance Plastic. Show all posts

Thursday, 24 February 2022

3D Printing High Performance Plastic Market worth $202 million by 2025


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.

Browse 141 market data Tables and 53 Figures spread through 202 Pages and in-depth TOC on “3D Printing High Performance Plastic Market by Type (PA, PEI, PEEK & PEKK, Reinforced), Form (Filament and Pellet, Powder), Technology (FDM, SLS), Application, End-Use Industry, and Region – Global Forecast to 2025”
View detailed Table of Content here – https://www.marketsandmarkets.com/Market-Reports/3d-printing-high-performance-plastic-market-216044197.html

Polyamide type comprise a major share in terms of value and volume.

Polyamide 3D printing high performance plastic have huge demand from wide end-use industries. Polyamide filaments are useful in several end-use industries ranging from automotive, medical, aerospace, dental, and electrical & electronics. It is available at affordable cost and can be given finishing in multiple ways, including dyed, smoothed spray-printed, and velvet finish making it highly suitable for multiple applications.

However, due to pandemic COVID-19, the demand for 3D printing high performance plastic witnessed sharp decline. Factory shutdown, reduced production capacities, and reduced demand from end-use industries has negatively impacted on the growth of the market. This demand would surge with stable economic conditions, uninterrupted supply chain, and growing demand for 3D printing high performance plastic along with innovation of application specific 3D printing material.

To know about the assumptions considered for the study download the pdf brochure

FDM technology account for the largest market share in the global 3D printing high performance plastic market in terms of value and volume

FDM technology is well developed for 3D printing a wide variety of high performance plastics such as PEEK & PEKK, PPSU, and PEI. FDM is the most widely used technology across the world due to its inexpensive nature and excellent compatibility with high performance plastic materials. The technology is highly suitable with high performance plastics in the filament and pellet form and is trusted to produce strong and durable parts with complex geometries.

Functional part manufacturing application to grow at the fastest CAGR in the global 3D printing high performance plastic market in terms of value and volume

3D printing high performance plastics used in the Functional part manufacturing application is witnessing high growth across the globe. The superior properties of these plastics such as high-temperature performance, mechanical strength, and excellent chemical resistance are the key factors driving their usage. Various end-use industries, including transportation, healthcare, and aerospace & defense, are early adopters of 3D printing high performance plastics.

Medical & healthcare industry dominates the market in the global 3D printing high performance plastic market in terms of value and volume

The medical & healthcare industry led the 3D printing high performance plastic market. The industry is continuously looking to adopt breakthrough technologies and materials to cater to the medical requirements of humans. High compatibility of 3D printing high performance plastic such as polyamide has increased its application in making of medical devices, surgical equipment, prosthetics & implants, and tissue engineering products supporting the growth of the market.

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

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.

Arkema S.A. (France), Royal DSM N.V. (the Netherlands), Stratasys, Ltd. (US), Evonik Industries AG (Germany), 3D Systems Corporation (US), EOS GmbH Electro Optical Systems (Germany), Victrex plc. (UK), Solvay (Belgium), Oxford Performance Materials (US) , and SABIC (Saudi Arabia) are some of the key players in the 3D printing high performance plastic market.. These players have taken different organic and inorganic developmental strategies over the past five years.

Don’t miss out on business opportunities in 3D Printing High Performance Plastic Market . Speak to our analyst and gain crucial industry insights that will help your business grow.

Wednesday, 22 September 2021

Government initiatives to support adoption of 3D printing high performance plastic technologies in different industries

3D printing is being used in various industries across the globe as it reduces the operating time and cost and enables mass production of goods. Governments of different countries around the world are taking initiatives to support the adoption of 3D printing high performance plastic in various industries. For instance, in 2018, the UK government announced an investment of approximately USD 150 million to the Advanced Manufacturing Research Centre in Rotherham and Sheffield and the Nuclear Advanced Manufacturing Research Centre in Rotherham. Furthermore, in 2016, the South Korean government announced a further investment in 3D printing to adopt it in various sectors. The UK government issued a funding call for about USD 5.5 million for 3D printing in 2016. In December 2020, the Government of India’s Ministry of Electronics and Information formulated a 3D printing policy to develop a conducive ecosystem for local firms.

To know about the assumptions considered for the study download the pdf brochure

Government initiatives such as reimbursement policies and funding, coupled with various mergers and acquisitions among small and big firms for technological advancement, are boosting the growth of the 3D printing high performance plastic market. Initiatives by governments of different countries of Europe and Asia Pacific regions to carry out improvements in 3D printing technologies have led to the increased demand for these materials in various industries. 3D printing high performance plastic.

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.

Medical & healthcare industry dominates the market

The medical & healthcare industry led the 3D printing high performance plastic market. The industry is continuously looking to adopt breakthrough technologies and materials to cater to the medical requirements of humans. High compatibility of 3D printing high performance plastic such as polyamide has increased its application in making of medical devices, surgical equipment, prosthetics & implants, and tissue engineering products supporting the growth of the market.

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

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.

Arkema S.A. (France), Royal DSM N.V. (the Netherlands), Stratasys, Ltd. (US), Evonik Industries AG (Germany), 3D Systems Corporation (US), EOS GmbH Electro Optical Systems (Germany), Victrex plc. (UK), Solvay (Belgium), Oxford Performance Materials (US) , and SABIC (Saudi Arabia) are some of the key players in the 3D printing high performance plastic market.. These players have taken different organic and inorganic developmental strategies over the past five years.

Request for Sample Report: https://www.marketsandmarkets.com/requestsampleNew.asp?id=216044197

Non-Biodegradable Plastics to Lead Bioplastics & Biopolymers Market During Forecast Period

In recent years, there has been a growing awareness that the use of non-biodegradable plastics is leading to large amounts of plastic waste ...