Posted on Leave a comment

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

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

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

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

  • 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.
  • In September 2018, Royal DSM N.V. launched its new product, Novamid ID1030 CF 10, which is a carbon fiber-filled grade PA6/66 filament. This product is filled with 10% of the actual carbon fiber. It is designed for durable industrial parts, which can perform in severe environments.
  • In July 2017, Stratasys Direct Manufacturing, which is a subsidiary of Stratasys, Ltd., entered into a collaboration with Airbus to manufacture 3D-printed polymer parts for the A350 XWB using ULTEM 9085 materials. This collaboration enabled Stratasys to promote ULTEM 9085 for aerospace applications.

 

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.

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

About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the “Growth Engagement Model – GEM”. The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write “Attack, avoid and defend” strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, and strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets’s flagship competitive intelligence and market research platform, “Knowledge Store” connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

Media Contact
Company Name: MarketsandMarkets
Contact Person: Mr. Aashish Mehra
Email: Send Email
Phone: 18886006441
Address:630 Dundee Road Suite 430
City: Northbrook
State: IL 60062
Country: United States
Website: https://www.marketsandmarkets.com/Market-Reports/3d-printing-high-performance-plastic-market-216044197.html