Global 3D Printing High Performance Plastic Market
Global 3D Printing High Performance Plastic Market Size Expands at Significant CAGR of 8.5% During 2023–2029
Published | 09 March 2023
Global 3D printing high performance plastic market is flourishing because of increasing development of application-specific grades of 3D printing high performance plastics and governments’ initiatives to support the adoption of 3D printing high performance plastic technologies by various industries.
BlueWeave Consulting, a leading strategic consulting and market research firm, in its recent study, estimated global 3D printing high performance plastic market size at USD 105.25 million in 2022. During the forecast period between 2023 and 2029, BlueWeave expects global 3D printing high performance plastic market size to grow at a significant CAGR of 8.45% reaching a value of USD 184.5 million by 2029. Major growth factors for global 3D printing high performance plastic market include an increasing demand from end-user industries, such as automotive, medical, aerospace, and defense, and the high adoption of the product in the manufacturing sector. The printing plastic is significantly strong and durable, making it ideal for use in heavy machinery and equipment. Increasing government measures include more research funding, regulations promoting 3D printing technologies, and increasing scrutiny of environmental degradation in underdeveloped countries. The increasing use of 3D printing high-performance plastic in the manufacturing sector is a major market driver. The strong-to-weight ratio of 3D printing plastic balances the heavier components in the goods.
Global 3D Printing High Performance Plastic Market – Overview
3D printing, also known as additive manufacturing, is the process of creating three-dimensional objects from a digital file by placing successive layers of material until the desired result is obtained. 3D printing is a speedier production technology than traditional methods, such as injection molding and subtractive manufacturing. A set of polymers with a thermal distortion temperature more than 150 degrees Celsius are used in 3D printing high performance plastic. These materials have favorable properties, such as extreme temperature resistance, improved strength and rigidity, increased durability, and strong chemical resistance.
Impact of COVID -19 on Global 3D Printing High Performance Plastic Market
COVID-19 had a detrimental impact on the 3D printing high performance plastic market. The pandemic affected the expansion of the 3D printing high-performance plastic market. Manufacturing plants sustained losses as a result of national regional lockdowns. This production delay impacted demand in the aerospace, defense, and automotive industries. It had a significant effect on the 3D printing plastics market. However, the market's revenue will be boosted by rising demand for 3D printing high-performance plastics during the forecast period.
Global 3D Printing High Performance Plastic Market – By Type
By type, global 3D printing high performance plastic market is divided into Polyamide, Polyetherimide, Polyether ether ketone, and Reinforced HPPs segments. During the forecast period, the polyamide type segment is estimated to hold the highest share of the global 3D printing high-performance plastic market. Polyamide 3D printers are utilized in the medical field to create medical devices. The material contains a polymer that aids in functionality and can be utilized in a variety of printing methods. It enables 3D printers to make items of diverse shapes, such as surgical instruments, medical tissues for research, and other medical kits. The polyetherimide type segment is predicted to dominate the market. For various verticals, different 3D printing grades are employed. For safety reasons, the aircraft and automobile industries require ruggedness and a solid base structure. They require a strength-to-weight ratio as it influences fuel consumption. The components employed in these sectors' building products must tightly preserve weight balance. Polyetherimide is heat and flame resistant, as well as long-lasting. As a result of these benefits in structural applications, the polyetherimide segment is predicted to expand the fastest.
Major players operating in global 3D printing high performance plastic market include Arkema, DSM, Stratasys, Ltd., 3D Systems, Inc., EOS, Evonik Industries AG, Victrex plc., Solvay, Oxford Performance Materials, SABIC, ENVISIONTEC INC., HP Development Company, L.P., PolyOne Corporation, BASF SE, Filament 3D Printing, 3DXTECH, DuPont, Lehmann & Voss &Co. KG, TORAY INDUSTRIES, INC., and TreeD Filaments. To further enhance their market share, these companies employ various strategies, including mergers and acquisitions, partnerships, joint ventures, license agreements, and new product launches.
The in-depth analysis of the report provides information about growth potential, upcoming trends, and statistics of Global 3D Printing High Performance Plastic Market. It also highlights the factors driving forecasts of total market size. The report promises to provide recent technology trends in Global 3D Printing High Performance Plastic Market and industry insights to help decision-makers make sound strategic decisions. Furthermore, the report also analyzes the growth drivers, challenges, and competitive dynamics of the market.
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- 3D Printing High Performance Plastic Market - Global Size, Share, Trend Analysis, Opportunity and Forecast Report, 2019–2029, Segmented By Type (Polyamide, Polyetherimide, Polyether Ether Ketone, Reinforced HPPs); By Form (Filament & Pallet, Powder); By Technology (Focused Deposition Modeling, Selective Laser Sintering); By Application (Prototyping, Tooling, Functional Part Manufacturing); By Region (North America, Europe, Asia Pacific, Latin America, Middle East and Africa)
Publish Date: March 2023
Increasing government initiatives to support adoption of 3D printing high performance plastic technologies in various industries and development of application-specific grades of 3D printing high performance plastics are projected to propel the expansion of global 3D printing high performance plastic market during the forecast period between 2023 and 2029.
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