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”
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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.

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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.

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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.

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

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.

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.

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.

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Increased Demand for 3D Printing High Performance Plastic from Various End-Use Industries to Drive the Growth 0f the Market

3D printing technology is considered one of the important disruptive technologies of the present times. It is continuously expanding its base in various end-use industries such as aerospace & defense, medical & healthcare, transportation, oil & gas, and electrical & electronics. The increased use of 3D printing technology in these industries is expected to contribute toward the growing demand for 3D printing materials such as 3D printing high performance plastic. These materials are highly useful for producing complex and intricate parts since they withstand extreme temperature conditions . This is expected to increase the demand of 3D printing high performance plastic in the coming years, thereby leading to the growth of the 3D printing high performance plastic market.

Growing environmental concerns regarding disposal of 3D printing high performance plastic, skepticism regarding acceptance of 3D printing materials, interrupted supply chain, and reduced demand from end-use industries due to the COVID-19 pandemic are the major factors inhibiting the market growth. However, the demand for 3D printing high performance plastic would show recovery with the recovery in demand from end-use industries. The global 3D printing plastics market size is expected to grow from USD 72 million in 2020 to USD 202 million by 2025, projecting a CAGR of 22.9% during the forecast period between 2020 and 2025.

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

Companies operating in the 3D printing high performance plastic market have strengthened their position by adopting expansions, partnerships, agreements, new product/technology launches, joint ventures, contracts, and mergers & acquisitions from 2015-2020. 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. The companies such as Evonik Industries AG, Arkema S.A., Stratasys, Ltd. are focusing on developing innovative 3D printing materials finding novel applications in high end-use industries such as aerospace & defense, medical & healthcare, and others.

Recent Developments

1. 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..
2. 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.

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.

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Polyamide 11 & 12- A high potential material for healthcare, aerospace & defence and others

 

The PA11 and PA12 market in 3D printing is forecasted based on two scenarios as its growth is primarily dependent on the adoption of 3D printing technology by end-use industries. Scenario one represents comparatively normal growth whereas scenario two projects exponential growth.

The PA11 and PA12 market in 3D printing is projected to reach USD 48.6 million by 2020, at a CAGR of 26.59% from 2015 to 2020, by scenario one and USD 85.1 million by 2020, at a CAGR of 41.2% from 2015 to 2020, by scenario two. The growth of the market can be attributed to the increasing demand for 3D printing applications from the end-user market for customized products.

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The key industries using PA11 and PA12 in 3D printing include healthcare, aerospace & defense, consumers, and others. Aerospace & defense industry demands precision for the design of customized parts to meet the requirements. Healthcare is another key sector where some grades of PA11 and PA12 have been used for medical applications such as prosthetics.

The recent developments by companies such as Airbus and NASA, where they have used 3D printing for manufacturing of specialized parts, signify the increasing importance of 3D printing technology. Automotive segment is a promising sector for PA11 and PA12 with increasing demand for customized vehicles. Several luxury car manufacturers in Europe and North America are using PA11 and PA12 for 3D printing for manufacturing customized parts. The growth of PA11 and PA12 in automotive sector is the key contributor for scenario two numbers. PA11 and PA12 also prove to be a perfect thermoplastic for laser sintering technology over others such as polylactic acid (PLA) and acrylonitrile butadiene styrene (ABS), which are yet to be developed as laser sintering materials.

The key grades of PA11 and PA12 that are used in laser sintering include glass filled, fire resistant, impact resistant, alumide, and many others. PA12 contributed the largest share to the PA11 and PA12 in 3D printing market owing to the presence of a large number of suppliers and an established distribution network with large number of grades available. PA11, which was developed by Arkema SA, is a bio–based polyamide and is emerging as 3D printing material. With increase in availability, PA11 is expected to register high growth between 2015 and 2020. PA12 is primarily petroleum–based; however, its bio-based version can be developed from palm oil. Key suppliers of bio-based and specialty grades of PA11 and PA12 as raw materials include Arkema SA, Evonik AG, Invista S.a.r.l, and others.

Germany, France, and Italy are the major PA 11 and PA12 markets in the European region for 3D printing, whereas the U.S. and Canada are the key countries in the North American PA11 and PA12 market. Asia-Pacific is the future potential market for PA11 and PA12 with several components manufacturers operational in the region. Furthermore, the presence of major emerging economies has made this region a favorable market for PA11 and PA12 in 3D printing. Companies such as EOS GmbH, Arkema SA, 3D systems, Stratasys, and Evonik AG have expanded in Asia-Pacific with a strategic vision to cater the end-user industries across the region. Other key players operational in Asia-Pacific include Golden Plastics and others.

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