Global 3D Printing High Performance Plastic Market: Overview
3D printing technology is regarded as one of major transformative innovations in the present world. In various end-use industries, such as electrical and electronics, oil and gas, transport, medical and healthcare, defense, and aerospace, it is continuously expanding its base. It is expected that augmented use of 3D printing technology in these sectors will result in the surging demand for 3D printing materials. This factor is likely to work in favor of the global 3D printing high performance plastic market over the analysis timeline, from 2020 to 2030. These materials are able to tolerate extreme temperature conditions and are extremely useful for making intricate and complex components. This factor is likely to raise the demand for 3D printing high performance plastic in the forthcoming years, which is likely to augur well for the global 3D printing high performance plastic market.
However, the key factors inhibiting market growth comprise increasing environmental concerns about the disposal of this high-performance plastic. In addition to that, decreased demand from end-use industries and disrupted supply chain due to the COVID-19 pandemic are also expected to hamper growth of the global 3D printing high performance plastic market in the near future.
This study titled “global 3D printing high performance plastic market” contains an elaborate outline of the significant market segments, namely product application, end-use industry, type, form, technology, and regional markets. It also makes an addition of the analysis of the prevailing competition in the global 3D printing high performance plastic market over the assessment timeline, from 2020 to 2030.
Global 3D Printing High Performance Plastic Market: Key Trends
Several end use sectors have generated huge demand for 3D printing high performance plastic. In many end-use sectors, comprising electrical and electronics, dental, aerospace, medical, and automotive, polyamide filaments find extensive utilization. It is relatively inexpensive and finished can be given in different shapes, comprising velvet finish, spray-printed smooth, and colored, thereby making it perfect for various applications.
The demand for this high-performance plastic is led by medical and healthcare industry. In order to satisfy human healthcare needs, the sector constantly seeks to introduce innovative technologies and products. The growing compatibility of high-performance 3D printing plastics like polyamide has extended its usage to help the growth of the market in the production of medical equipment, tissue engineering materials, surgical tools, and prosthetics and implants. These factors are likely to support growth of the global 3D printing high performance plastic market over the analysis timeline, from 2020 to 2030.
Global 3D Printing High Performance Plastic Market: Competitive Assessment
The global 3D printing high performance plastic market is considered moderately fragmented. Lucrative growth opportunities exist in several end use sectors, which is anticipated to encourage the advent of several new entrants in the market. Innovation is likely to plays a crucial role in gaining competitive edge over others.
Some of the well-known players in the global 3D printing high performance plastic market are listed below:
- Evonik Industries AG
- Oxford Performance Materials
- EOS GmbH Electro Optical Systems
- Arkema S.A
- Royal DSM N.V.
- Saudi Basic Industries Corporation
Global 3D Printing High Performance Plastic Market: Regional Assessment
Given the growing demand from several end use sectors such as medical and healthcare, aviation and defense, medical and healthcare, North America is estimated to account for a large chunk of the global 3D printing high performance plastic market.
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