3D Printing High Performance Plastic Market 2023 – Market Size & Segments Analysis, Industry Trends, Manufacturers Analysis, Opportunities and Forecast 2030
Page: 215 | Report Code: MC230719 | Research Suite: Report (PDF) & Market Data (Excel)
3D printing high performance plastic is a category of advanced materials
specifically designed for use in 3D printing or additive manufacturing
processes. These plastics possess exceptional properties that make them
suitable for a wide range of industrial applications where high-performance and
precision is needed. Unlike traditional plastics, 3D printing high-performance
plastics offer enhanced mechanical, thermal, and chemical characteristics,
enabling the production of complex and functional parts with superior
performance. Some commonly used 3D printing high-performance plastics include
polyamide (PA), polyether ether ketone (PEEK), polyetherimide (PEI), and
polycarbonate (PC) among others. These materials exhibit attributes such as
high strength, durability, heat resistance, chemical resistance, and low
weight-to-strength ratios, making them ideal for demanding industries like
medical & healthcare, aerospace & defense, transportation, oil &
gas, and electronics among others. The global 3D printing high performance
plastic market is anticipated to experience a substantial growth due to
increasing demand for lightweight and durable components in industries such as
medical & healthcare, aerospace & defense, and transportation.
The 3D printing high performance plastic market is anticipated to reach USD XXX.X million by 2030 from USD XXX.X million in 2022, at a CAGR of 23.9% during the forecast period.
Technological advancements, material development, exploration of new
applications, and various industries recognizing the advantages of utilizing 3D
printing technology and high-performance plastics to achieve enhanced
performance, cost savings, and design innovation, is expected to further boost
the global 3D printing high performance plastic market during the forecast
period 2023-2030.
Growth Drivers:
One of the key drivers of the global 3D printing
high-performance plastic market is the continuous advancements in material
formulations. Market players are investing in research and development to
create new high-performance plastic materials with enhanced properties tailored
for specific applications. These advancements expand the range of available
materials, allowing industries to address their unique needs and requirements.
The growing adoption of 3D printing technology
across various industries is driving the demand for high-performance plastic
materials. Industries such as aerospace & defense, medical &
healthcare, transportation, and oil & gas are increasingly leveraging 3D
printing for manufacturing complex parts with improved performance and
customization. This widespread adoption of 3D printing technology fuels the
demand for high-performance plastics.
In industries like aerospace & defense and
automotive, there is a significant demand for lightweight and durable
components. High-performance plastics offer excellent strength-to-weight
ratios, making them ideal for applications that require lightweight yet robust
parts. With the global focus on fuel efficiency and sustainability, the
adoption of high-performance plastics in these industries is driving market
growth.
The application areas for 3D printing
high-performance plastics are continuously expanding. Industries such as
medical & healthcare, electronics, oil & gas, and consumer goods are
exploring new possibilities for these materials. From patient-specific medical
implants to electrical components, high-performance plastics are finding
applications in diverse sectors, creating new growth opportunities for the
global 3D printing high performance plastic market.
3D Printing High Performance Plastic Segmentation:
By Type:
·
Polyamide (PA)
·
Polyetherimide (PEI)
·
Polyether ether ketone (PEEK)
·
Reinforced HPPs
·
Others
By Form:
·
Filament & Pellet
·
Powder
By Technology:
·
Fused Deposit Modelling (FDM)/Fused Filament
Fabrication (FFF)
·
Selective Laser Sintering (SLS)
By Application:
·
Prototyping
·
Tooling
·
Functional
Part Manufacturing
By End-Use Industry:
·
Medical
& Healthcare
·
Aerospace
& Defence
·
Transportation
·
Oil
& Gas
·
Others
By Region:
·
North America
·
Europe
·
Asia Pacific
·
Latin America
·
Middle East and Africa
3D Printing High Performance Plastic Market by Type Review:
Based on the type, the 3D printing high
performance plastic market is segmented into five segments including the polyamide
(PA), polyetherimide (PEI), polyether ether ketone (PEEK), reinforced HPPS, and
others. On the basis of type, the polyamide (PA)segment is expected to dominate
the market in terms of market share, while the polyether ether ketone (PEEK)segment
is predicted to grow at the highest rate in terms of CAGR during the forecast period.
PEEK is experiencing rapid growth due to its exceptional properties and the
increasing demand for high-performance materials in critical applications.
3D Printing High
Performance Plastic Market by Form Review:
Based on the form, the 3D printing high performance plastic market is segmented into filament & pellet, and powder. On the basis of form, the filament & pellet segment is expected to be the largest in terms of market share, while the powder segment is predicted to grow at the highest rate in terms of CAGR during the forecast period.
3D Printing High
Performance Plastic Market by Technology Review:
Based on the technology, the 3D printing high
performance plastic market is segmented into fused deposit modelling
(FDM)/fused filament fabrication (FFF), and selective laser sintering (SLS). On
the basis of technology, the into fused deposit modelling (FDM)/fused filament
fabrication (FFF)segment is expected to be the largest in terms of market share
due to its wide adoption, while the selective laser sintering (SLS)segment is
predicted to grow at the highest rate in terms of CAGR during the forecast
period. SLS offers excellent design freedom and enables the production of
complex geometries and functional prototypes, making it a preferred choice for
industries seeking high-performance plastic components.
3D Printing High
Performance Plastic Market by Application Review:
Based on the application, the 3D printing high
performance plastic market is segmented into prototyping, tooling, and
functional part manufacturing. On the basis of application, the prototyping
segment is expected to be the largest in terms of market share, while the functional
part manufacturing segment is expected to grow at the highest rate in terms of
CAGR during the forecast period due to the increasing acceptance and adoption
of 3D printing high-performance plastics as a viable production method for
end-use components.
3D Printing High
Performance Plastic Market by End-Use Industry Review:
Based on the end-use industry, the 3D printing
high performance plastic market is segmented into medical & healthcare,
aerospace & defence, transportation, oil & gas, and others. On the
basis of end-use industry, the medical & healthcare segment is expected to
be the largest in terms of market share, while the aerospace & defence
segment is predicted to grow at the highest rate in terms of CAGR during the
forecast period.
Regional Outlook:
The 3D printing
high performance plastic market research report offers detailed analysis and
forecasts for five major regions i.e., North America, Europe, Asia Pacific
(APAC), Latin America, and the Middle East & Africa.
The North America region is forecasted
to dominate the global 3D printing high performance plastic market followed by Asia
Pacific, Europe and Latin America during the forecast period 2023-2030.
The North America region is forecasted
to maintain its dominant position in the global 3D printing high performance
plastic market, accounting for a projected market share of XX.X% in 2022. The
regional 3D printing high performance plastic market is fueled by the factors
such as strong presence of key market players, advanced research and
development activities, and a robust industrial infrastructure in the region.
technological advancements in 3D printing and high-performance plastics,
well-established regulatory framework, and collaboration and partnerships
between key stakeholders in the 3D printing high performance plastic market, is
expected to further boost the 3D printing high performance plastic market in
North America region during the forecast period 2023-2030.
Within North America, the United States and Canada are seen to hold a dominant portion of the 3D printing high performance plastic market due to well-established industrial infrastructure, presence of several major market players, and advanced manufacturing capabilities of both the countries.
The Asia Pacific region is the fastest
growing market in terms of CAGR during the forecast period owing to the
increasing industrialization, manufacturing capabilities, and a rising demand
for advanced materials across various industries. Furthermore, the healthcare
sector in Asia Pacific is witnessing significant growth, leading to an
increased demand for high-performance plastic components such as medical
implants and prosthetics. Moreover, the region's focus on technological
advancements and research in additive manufacturing is expected to further
boost the market growth in the Asia Pacific region during the forecast period.
Key Companies in 3D Printing High Performance Plastic Market:
The research
report offers a competitive analysis of prominent companies operating in the 3D
printing high performance plastic market. Some of the leading players profiled
in the market research report include:
·
Stratasys, Ltd.
·
Markforged
·
Evonik Industries AG
·
Oxford Performance
Materials, Inc.
·
EOS GmbH
·
3D Systems, Inc.
·
BASF SE
·
Impossible Objects
·
Apium Additive
Technologies GmbH
·
The Ensinger Group
·
Victrex Plc.
·
Other Players