Publishing: August 2021 | Report Code: CM12219 | Available Format: PDF
The global 3D printing high-performance plastics market stood at around $73.5 million in 2020, and it is expected to grow significantly during the forecast period. The increasing applications of 3D printing in various industries, such as aerospace, aviation, defense, and automotive, and surging demand for mass customization are associated with the growth of the market.
The global uncertainty created by the COVID-19 pandemic has caused huge disruptions in manufacturing and transportation activities, thereby resulting in a critical shortage of supplies. 3D printing enables on-demand solutions to many problems, ranging from personal protective equipment to medical devices and isolation wards. The use of the technology compensated for the disruptions in industrial activities, which is why the market for 3D printing high-performance plastics continued to advance during the pandemic.
The polyamide category held the largest share in the 3D printing high-performance plastics market in 2020, based on type. This is mainly attributed to the fact that polyamide provides stability, rigidity, and shock resistance, which is why it finds wide applications in the production of gears and other parts in the aerospace, automotive, and robotics sectors and medical prostheses and injection molds.
The filament & pellet category held the largest share in the market for 3D printing high-performance plastics in 2020, based on form. This is mainly attributed to the wide usage of high-performance plastic filaments in the hugely popular FDM process.
The prototyping category dominated the 3D printing high-performance plastics market in 2020, and it is expected to retain its position in the coming years, based on application. This is attributed to the ability of 3D printers to make multiple quick iterations of designs, through product testing. This saves time and money in running the tests with a functional prototype.
Geographically, North America held the largest share in the 3D printing high-performance plastics industry in the historical period (2015–2020). This is primarily attributed to the rising R&D investments owing to the increasing focus on technological advancements.
The shift toward 3D printing from traditional manufacturing is one of the major trends in the 3D printing high-performance plastics market. This is mainly attributed to a constant improvement in the 3D printing domain and reduction in the price of the 3D printing technology and associated materials. 3D printing has major benefits, such as the creation of complex shapes without added costs, more customizability, and zero material wastage. In additive manufacturing, the cost of manufacturing one item remains constant, and mass production becomes cheaper.
The aerospace and aviation industries are growing across the world, which, in turn, is bolstering the growth of the market for 3D printing high-performance plastics. The growth of these industries is leading to the increasing demand for aircraft, in order to ferry more passengers and cargo than ever, thus resulting in the rising production of aircraft components. The 3D printing technology is an efficient way to produce these components as it uses filaments, which results in a reduction in the weight of the manufactured products, increased strength, achievement of complex and customized designs, and minimal wastage.
|Base Year (2020) Market Size||~$73.5 Million|
|Report Coverage||Market Trends; Revenue Estimation and Forecast; Segmentation Analysis; Regional Breakdown; Segmentation Analysis of Countries; Companies’ Strategic Developments; Product Benchmarking; Company Profiling|
|Market Size by Segments||By Application; By Form; By Type; By Region|
|Market Size of Geographies||U.S.; Canada; U.K.; Germany; France; Spain; Italy; China; India; Japan; South Korea; Australia; Mexico; Brazil; Saudi Arabia; South Africa|
|Secondary Sources and References (Partial List)||American Society for Testing and Materials; Additive Manufacturing Association of Taiwan; Advanced Manufacturing Association of Tokyo; Additive Manufacturing Community; Global Alliance of Additive Manufacturing Associations; National Additive Manufacturing Innovation Institute; Plastics Industry Association; Shanghai Additive Manufacturing Association; Society of Manufacturing Engineers|
In recent years, players in the 3D printing high-performance plastics industry have been involved in partnerships in order to attain a significant position. For instance:
The 3D printing high-performance plastics market report offers comprehensive market segmentation analysis along with market estimation for the period 2015-2030.
Based on Type
Based on Form
Based on Application
The global 3D printing high-performance plastics market generated $73.5 million revenue in 2020.
The COVID-19 pandemic has positively impacted the growth of the 3D printing high-performance plastics industry.
The prototyping category dominated the 3D printing high-performance plastics industry in 2020, under the application segment.
The market for 3D printing high-performance plastics has been segmented on the basis of type, form, application, and region.
The growing preference for 3D printing over conventional manufacturing is the major trend currently being witnessed in the market for 3D printing high-performance plastics.
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