3D Printing High Performance Plastic Market Forecasts to 2028 – Global Analysis By Type (Polyamide (PA), Polyetheramide (PEI), Polyetheretherketone (PEEK) & Polyetherketoneketone (PEKK) and Other Types), Form (Filament & Pallet and Powder), Technology (Focused Deposition Modelling and Selective Laser Sintering), Application (Functional Part Manufacturing, Prototyping, Tooling and Other Applications), End User (Aerospace and Defense, Automotive, Consumer Goods, Electrical and Electronics, Medical and Healthcare, Oil and Gas, Transportation and Other End Users) and By Geography
According tStratistics MRC, the Global 3D Printing High Performance Plastic Market is accounted for $105.24 billion in 2022 and is expected treach $328.65 billion by 2028 growing at a CAGR of 20.9% during the forecast period. 3D Printing High Performance Plastic refers ta class of polymers with heat distortion temperatures higher than 150 degrees Celsius. These materials have excellent properties like the ability twithstand extremely high temperatures, superior strength and rigidity, increased durability, and high chemical resistance. One of the main market drivers is the expanding use of 3D printing high-performance plastic in the manufacturing industry. A good strength-to-weight ratiin 3D printing plastic balances the heavy components in the products.
According tUnited Nations, around three billion people will need basic infrastructure and proper housing by 2030. Macr3D printing technology can help tsolve the housing shortage issue in the future by printing large building structures. Macr3D printing technology minimizes material and labour cost, thus it can be expected thave positive impact in developing countries.
Market Dynamics:
Driver:
Rising trend towards 3d printing from traditional manufacturing
One of the key trends in the market for 3D-printed high-performance plastics is the transition away from traditional manufacturing toward 3D printing. This is primarily attributed tongoing advancements in the field of 3D printing and a decline in the cost of the technology and related materials. Significant advantages of 3D printing include the ability tcreate complex shapes without incurring additional costs, greater customizability, and nmaterial waste. With additive manufacturing, the cost of producing one item stays the same while mass production gets less expensive. These elements are fueling market expansion.
Restraint:
High manufacturing cost of commercial grades of 3d printing
Commercial grades of high performance plastic for 3D printing are expensive tproduce because they require several value additions tthe raw materials that are used tmake them. In emerging economies, the supply chain for distributing the raw materials needed tcreate commercial-grade 3D printing plastics is still being established. Additionally, the cost of value-adding materials like carbon fiber and glass fiber, which are combined with base materials, is high. Therefore, the market for 3D printing high performance plastic faces significant challenges due tthe high manufacturing costs of commercial grades of the material.
Opportunity:
Government initiatives
Due tthe ability tlower operating costs, enable mass production of goods, and reduce operating times, 3D printing is used in a variety of industries around the world. Governments from various nations are taking steps tencourage the use of high performance plastic printed using 3D technology in a variety of industries. The development of the 3D printing high performance plastic market is being aided by government initiatives like funding and reimbursement policies, as well as various mergers and acquisitions between small and large businesses, which is propelling the market expansion.
Threat:
Environmental challenges
During the forecast period, rising environmental concerns about the disposal of plastic materials are anticipated trestrain the growth of the market for high performance plastics used in 3D printing. Plastics used in 3D printing, which are primarily made of petroleum-derived materials, must be disposed of properly tavoid polluting the environment. The use of HPP 3D printed materials in 3D printing technologies is therefore anticipated trun intlong-term regulatory challenges from a variety of environmental agencies around the world, which is hindering the market growth.
Covid-19 Impact
COVID-19 had a significant impact on the 3D printing high performance plastic market. The pandemic had an impact on the market growth for high-performance plastics used in 3D printing. National and regional lockdowns caused losses tmanufacturing facilities. Demand in the aerospace, defense, and automotive sector was impacted by this production delay. However, during the forecast period, there will be a rise in the demand for high-performance plastics for 3D printing, which will increase market revenue.
The polyamide (PA) segment is expected tbe the largest during the forecast period
During the forecast period, the polyamide segment is anticipated taccount for the largest share of the market for 3D printing high performance plastic. Medical professionals use polyamide 3D printers tmake medical equipment. The substance includes a polymer that improves functionality and can be printed on using a variety of techniques. It makes it possible for 3D printers tproduce objects with a variety of shapes, including surgical instruments, medical tissues for research, and other medical kits, which are fueling the segment's growth.
The aerospace and defense segment is expected thave the highest CAGR during the forecast period
Due tthe growing aerospace and defense industries across the world, this segment is anticipated twitness lucrative growth during the forecast period. As a result of the expansion of these industries, there is a rising demand for aircraft ttransport more people and goods than ever before, which is driving up the production of aircraft parts. Moreover, the use of filaments, which results in a decrease in the weight of manufactured products, an increase in strength, the achievement of complex and customized designs, and minimal waste, makes 3D printing technology an effective method for producing these components.
Region with largest share:
Due trising demand from well-established, high-end industries like aerospace & defense, medical & healthcare, among others, North America is anticipated thold the largest. The rising consumer demand in the automotive hub, the high-performance plastic market for 3D printing in the United States, has been remarkably strong for a few years. Businesses in this region were among the first tuse 3D printing technology. Some businesses have developed strategic plans tintegrate 3D printing technology inttheir manufacturing processes, fueling the expansion of the market in North America.
Region with highest CAGR:
Over the forecast period, the Asia Pacific region is expected tregister the highest CAGR. Huge manufacturing sectors, infrastructure for the medical and computer industries, and technological advancements are all being developed in the Asia-Pacific region. The markets in India, China, and South Korea are expanding their businesses and creating new technologies, which increases their capacity for production. Moreover, various industrial plants and segments are being introduced in developing nations that call for high-performance plastic 3D printing equipment. Because of these benefits, it is anticipated that the market will expand globally.
Key players in the market
Some of the key players profiled in the 3D Printing High Performance Plastic Market include 3D Systems Corporation, 3D4Makers, 3DXTECH, Arkema S.A., BASF New Business GmbH, DuPont, Envisiontec Inc., Eos GmbH ElectrOptical Systems, Evonik Industries AG, HP INC, Lehman & Voss &Co., Materialise NV, Oxford Performance Materials, PolyOne Corporation, Royal DSM N.V., SABIC (Saudi Arabia Basic Industries Corporation), Solvay Group, Stratasys, Ltd., Toray, Treed Filaments and Victrex plc.
Key Developments:
In March 2021, Stratasys Ltd. announced a partnership with Xometry in order tprovide several new high-performance nylon material options tcustomers. Under the partnership, Xometry’s customer base, which includes startups and Fortune 100 companies, is now able ttap intStratasys Direct’s expertise and substantial manufacturing capacity in selective laser sintering (SLS) 3D printing.
In July 2020, Victrex launched PEEK and PAEK polymer filaments for high-performing manufacturing functions in the mechanical sector.
Types Covered:
• Polyamide (PA)
• Polyetheramide (PEI)
• Polyetheretherketone (PEEK) & Polyetherketoneketone (PEKK)
• Reinforced HPPs
• Other Types
Forms Covered:
• Filament & Pallet
• Powder
Technologies Covered:
• Focused Deposition Modelling
• Selective Laser Sintering
Applications Covered:
• Functional Part Manufacturing
• Prototyping
• Tooling
• Other Applications
End Users Covered:
• Aerospace and Defense
• Automotive
• Consumer Goods
• Electrical and Electronics
• Medical and Healthcare
• Oil and Gas
• Transportation
• Other End Users
Regions Covered:
• North America
US
Canada
Mexico
• Europe
Germany
UK
Italy
France
Spain
Rest of Europe
• Asia Pacific
Japan
China
India
Australia
New Zealand
South Korea
Rest of Asia Pacific
• South America
Argentina
Brazil
Chile
Rest of South America
• Middle East & Africa
Saudi Arabia
UAE
Qatar
South Africa
Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2020, 2021, 2022, 2025, and 2028
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
Learn how to effectively navigate the market research process to help guide your organization on the journey to success.
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