3D Printing High Performance Plastic Market worth $202 million by 2025 | Key players operating in the market include Arkema S.A., Royal DSM N.V., Stratasys, Ltd., EvonikIndustries AG, 3D Systems Corp
According to recent market research “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”, 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.
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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.
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.
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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.
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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), EvonikIndustries 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 EvonikIndustries 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.
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