3D Printing High Performance Plastic Market - Global Size, Share, Trends, Growth and Forecast Year ( 2022 – 2032 )
High-Performance Plastic 3D Printing Market Dynamics
High-Performance Plastic 3D Printing Market by Type (PA, PEI, PEEK & PEKK, Reinforced HPP, Others), Form (Filament and Pellet, Powder), Technology (FDM/FFF, SLS), Application (Prototyping, Tooling, Functional Part Manufacturing), End-use Industry (Medical & Healthcare, Aerospace & Defense, Transportation, Oil & Gas, Others), and Geographic Regions (North America, Europe, Asia Pacific, Latin America, Middle East and Africa): Industry Trends and Global Forecasts, 2023-2032
Market Size and Overview:
The 3D printing high-performance plastic market has experienced steady growth, and is expected to grow with a compound annual growth rate (CAGR) of 8.4% from 2023 to 2032, reaching a market value of USD 236.9 million in 2032, says KD Market Insights. This growth is primarily driven by to the increasing demand for 3D printing high-performance plastic from medical & healthcare, aerospace & defense, and automotive industries is driving the market demand. In addition, the rising research and development efforts and growing technological advancement in manufacturing are expected to drive the market for 3D printing. The market is divided into various segments like type, form, application, technology, end-use industry, and geographical region. The market is emerging, with major players focusing on new product launches.
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3D Printing High Performance Plastic Market Report Scope |
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Base Year Market Size |
2022 USD 105.2 million
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Forecast Year Market Size
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2032 USD 236.9 million |
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CAGR Value
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8.4% from 2023 to 2032 |
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Segmentation
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Challenges
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Growth Drivers
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Market Segmentation:
3D printing high-performance plastic market is segmented by:
Type:
- PA
- PEI
- PEEK & PEKK
- Reinforced HPP
- Others
Form:
- Filament and Pellet
- Powder
Technology:
- FDM/FFF
- SLS
Application:
- Prototyping
- Tooling
- Functional Part Manufacturing
End-use Industry:
- Medical & Healthcare
- Aerospace & Defense
- Transportation
- Oil & Gas
- Others
Geographic Regions:
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East and Africa
Medical & Healthcare: Based on the end-use industry, the medical & healthcare segment acquires the largest share of the 3D printing high-performance plastic market in 2023. There is a high demand for biocompatible high-performance plastic like PA, PEI, PEEK & PEKK, PPSU, and reinforced plastics in medical devices and implants.
PEEK & PEKK: Based on type, the PEEK & PEKK segment is estimated to have the highest CAGR in the 3D printing high-performance plastic market. There are various types of 3D printing high-performance plastic materials like polyamide (PA), polyether ether ketone (PEEK) and polyether ketone (PEKK), and reinforced plastic. These materials offer various advantages like biocompatibility, chemical resistance, high strength, and lightweight which it is having a higher demand.
Regional Analysis:
In 2023, North America holds the largest share of 3D printing high-performance plastics. The United States is an important market in this region. The market growth is supported by the key players present in the region. Various industries such as aerospace & defense, electrical & electronics, healthcare, and others, are adopting 3D printing technology, which is driving the market demand for 3D printing high-performance plastics market.
Coming to the Asia-Pacific, the market is also experiencing a high demand from the healthcare, automotive, and electrical & electronic sectors for the 3D printing high-performance plastics market. Europe is also a significant market for 3D printing high-performance plastics market.
Growth Drivers:
Various factors such as expanding range of product offerings, and environmental benefits drive the growth of the 3D printing high-performance plastic market. The 3D printing high-performance plastics are available in different grades. Consumers can adopt any grade according to their needs. As these grades are available at all costs, it is convenient for the customers to choose the right one. This is increasing the demand for the 3D printing high-performance plastics market.
Moreover, there is a high demand for bio-based 3D printing high-performance plastics to preserve the environment from pollution. The bio-based 3D printing high-performance plastics are derived from natural sources such as castor oil, palm oil, and others. These bio-based plastics produce less waste and are easy to dispose of. The government is also taking several initiatives to promote bio-based plastics. This is increasing the growth of the 3D printing high-performance plastics market.
Challenges:
The major challenge for the 3D printing high-performance plastics market is reducing the lead time. It requires a good amount of manufacturing time for the production. This high lead time is acting as a challenge for the manufacturers of 3D printing high-performance plastic. Manufacturers are adopting additive manufacturing because of this high lead time.
Key Companies:
- Arkema SA
- Evonik Industries
- Stratasys Ltd.
- EOS GmbH
- BASF SE
- 3D Systems Corporation
- Solvay SA
- SABIC
- Victrex Plc
- Oxford Performance Materials Inc.
- Apium Additive Technologies GmbH
- Other Players
The report covers various companies in the 3D printing high-performance plastic market, such as SABIC, BASF SE, Arkema SA, and others. These companies have a high market presence, international distribution networks, and a wide-ranging product offering.
In April 2023, Solvay collaborated with Ginkgo Bioworks. It was a strategic collaboration for the development of more sustainable biopolymers for the 3D printing market.
In March 2023, Evonik started a partnership with BellaSeno. This partnership was started to commercialize Resomer polymers for medical applications.
In November 2022, 3D Systems and ALM entered into a partnership to expand access to industry-leading 3D printing materials.
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- Publication date: 3rd September 2023
- Base year: 2022
- Forecast year: 2023-2033
- Format: PDF, PPT,Word,Excel
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