The Worldwide 3D Printing High Performance Plastic Industry is Expected to Reach $202 Million by 2025 at a CAGR of 22.9% from 2020
DUBLIN, March 15, 2021 /PRNewswire/ -- The "Global 3D Printing High Performance Plastic Market by Type (PA, PEI, PEEK & PEKK, Reinforced), Form (Filament & Pellet, Powder), Technology (FDM, SLS), Application, End-use Industry, and Region - Forecast to 2025" report has been added to ResearchAndMarkets.com's offering.
The Global 3D Printing High Performance Plastic Market is projected to grow from USD 72 million in 2020 to USD 202 million by 2025, at a compound annual growth rate (CAGR) of 22.9% between 2020 and 2025.
3D printing high performance plastic are a group of polymers that have heat distortion temperature greater than 150 degrees Celsius. These material features excellent properties such as extreme temperature resistance, superior strength & rigidity, increased durability, and high resistance to chemicals. However, the negative impact of the COVID-19 pandemic across all the end-use industries has affected the 3D printing high performance plastic market adversely.
PEEK & PEKK type is the fastest-growing segment in the 3D printing high performance plastic market in terms of both value and volume
PEEK & PEKK high-performance, engineering thermoplastic characterized by an unusual combination of properties such as superior mechanical strength, high chemical resistance, and very high strength to weight ratio. There are many companies in the market offering PEEK includes Victrex (VICTREX, PEEK VICOTE), Lehman & Voss (LUVOCOM), Evonik Industries AG (VESTAKEEP), and Solvay Group (Ketaspire, Novaspire. On the other hand, companies such as Lehvoss Group, Oxford Performance Materials, EOS, and Solvay offer PEKK. Most of these companies have been making huge R&D investments and hold significant stakes in the 3D printing industry.
Selective laser sintering (SLS) technology is anticipated to grow at highest CAGR in terms of value and volume
SLS is the fastest growing 3D technology that uses thermoplastic powder for making 3D printed parts. SLS technology is used for 3D printing PA, PEEK, and PEKK powder by aircraft, automotive, and consumer goods manufacturers. The technology is expected to advance its footprint in 3D printing other high performance plastics such as PAI, PSU, and PPSU.
Filament and pellet form is the largest used form of 3D printing high performance plastic in terms of both value and volume
The 3D printing high performance plastic in filament and pellet form dominated the market in 2019. The majorly used FDM technology employs high performance plastic filaments in the process. Companies such as Arkema, Solvay, Stratasys, Victrex, Evonik, and SABIC offer high performance plastics in the filament and pellet forms. However, powder form is expected to grow at a faster rate owing to their increasing adoption in the aerospace & defense industry and technological development in powder bed fusion technology.
Medical & healthcare is the largest end-use industry of 3D printing high performance plastic in terms of both value and volume
3D printing high performance plastic are widely used in medical & healthcare industry. Materials such as PEEK have found novel applications in spine implant design and is now broadly accepted as a radiolucent alternative to metallic biomaterials in the spine implant field. They also have high demand in orthopedic implants and bio-printing human organs. Variety of 3D printing high performance plastic are also used in manufacturing medical devices such as surgical equipment, prosthetics & implants, and tissue engineering products driving the growth of the market.
North America is the leading 3D printing high performance plastic market in terms of both value and volume
North America accounted for the major share in the 3D printing high performance plastics market, followed by Europe and APAC. The robust medical & healthcare, government support for aerospace & defense industries, and huge investments in research & development of novel high-performance plastics are triggering the growth of these plastics in the region. The region accounts for significant share of the global healthcare expenditure, which offers new avenues for medical-grade high performance plastic manufacturers to tap the medical & healthcare industry of the region.
The US is one of the largest markets for 3D printing high-performance plastics in the world, with some of the major companies, such as Stratasys, Oxford Performance Materials, 3D Systems Corporation, and 3DXTECH, in the country. Additionally, the US hosts one of the largest numbers of 3D printing start-ups in the world. This is further likely to supplement to the growth of the market in the region.
Key Topics Covered:
1 Introduction
2 Research Methodology
3 Executive Summary
4 Premium Insights
4.1 Attractive Opportunities in the 3D Printing High Performance Plastic Market
4.2 3D Printing High Performance Plastic Market, by Application and Region
4.3 3D Printing High Performance Plastic Market, by Form
4.4 3D Printing High Performance Plastic Market, by Technology
4.5 3D Printing High Performance Plastic Market, by End-use Industry
4.6 3D Printing High Performance Plastic Market, by Key Countries
5 Market Overview
5.1 Introduction
5.2 Market Dynamics
5.2.1 Drivers
5.2.1.1 Increased Demand for 3D Printing High Performance Plastic from Medical & Healthcare, Aerospace & Defense, and Automotive Industries
5.2.1.2 Development of Application-Specific Grades of 3D Printing High Performance Plastics
5.2.1.3 Government Initiatives to Support Adoption of 3D Printing High Performance Plastic Technologies in Different Industries
5.2.2 Restraints
5.2.2.1 Environmental Concerns Regarding Disposal of 3D Printed Plastic Products
5.2.2.2 Skepticism Regarding Acceptance of New Technologies in Emerging Economies
5.2.2.3 Declining Economy due to COVID-19
5.2.3 Opportunities
5.2.3.1 Increasing Demand for Bio-Based Grades of 3D Printing High Performance Plastics
5.2.3.2 Growing Penetration of Reinforced 3D Printing High Performance Plastics in Functional Part Manufacturing
5.2.4 Challenges
5.2.4.1 High Manufacturing Cost of Commercial Grades of 3D Printing High Performance Plastic
5.2.4.2 Reducing Lead Time
5.2.4.3 Market Recovery from COVID-19
5.3 Porter's Five Forces Analysis
5.3.1 Bargaining Power of Buyers
5.3.2 Bargaining Power of Suppliers
5.3.3 Threat of New Entrants
5.3.4 Threat of Substitutes
5.3.5 Intensity of Competitive Rivalry
6 Industry Trends
6.1 Ecosystem: 3D Printing High Performance Plastic Market
6.2 Value Chain Analysis
6.3 Technology Analysis
6.4 Pricing Analysis
6.5 Patent Analysis
6.5.1 Methodology
6.5.2 Document Type
6.5.3 Insights
6.5.4 Jurisdiction Analysis
6.5.5 Jurisdiction Analysis for 3D Printing High Performance Plastics
6.6 Key Market for Import/Export
6.6.1 US
6.6.2 Germany
6.6.3 France
6.6.4 UK
6.6.5 China
6.7 Case Study Analysis
6.8 Tariff and Regulations
6.9 YCC Shift: 3D Printing High Performance Plastic
7 Macroeconomic Overview and Key Trends
7.1 Introduction
7.2 Trends and Forecast of GDP
7.3 Trends in Aerospace Industry
7.3.1 Disruption in the Industry
7.3.2 Impact on Customers' Output & Strategies to Resume/Improve Production
7.3.3 Impact on Customers' Revenue
7.3.4 Most Affected Countries
7.3.5 Short-Term Strategies to Manage Cost Structure and Supply Chains
7.3.6 New Opportunities
7.4 Macroeconomic Overview and Key Trends in Automotive Industry
7.4.1 Introduction
7.4.2 Trends in Automotive Industry
7.4.3 Disruption in the Industry
7.4.3.1 Impact on Revenue Generated from Customers
7.4.3.2 Most Affected Countries
7.4.3.3 Short-Term Strategies to Manage Cost Structure and Supply Chains
7.4.3.4 Impact on Electric Vehicle (EV) Demand due to Lower Oil Prices
7.4.4 New Opportunities
7.4.4.1 Measures Taken by Customers
7.4.4.2 Customers' Perspective on Growth
8 3D Printing High Performance Plastic Market, by Type
8.1 Introduction
8.2 Polyamide (PA)
8.3 Polyetherimide (PEI)
8.4 Polyether Ether Ketone & Polyether Ketone Ketone (PEEK & PEKK)
8.5 Reinforced HPP
8.6 Others
8.6.1 (Polyphenylsulfone) PPSU
8.6.2 (Polyamide-Imide) PAI
8.6.3 (Polysulfone) PSU
8.6.4 (Polyether Sulfone) PES
9 3D Printing High Performance Plastic Market, by Form
9.1 Introduction
9.2 Filament and Pellet
9.3 Powder
10 3D Printing High Performance Plastic Market, by Technology
10.1 Introduction
10.2 Fused Deposition Modelling (FDM)
10.3 Selective Laser Sintering (SLS)
11 3D Printing High Performance Plastic Market, by Application
11.1 Introduction
11.2 Prototyping
11.2.1 Develop Models at Low Costs and Reduced Time
11.3 Tooling
11.3.1 Manufacture Components at Low Cost Without Compromising on Quality and Functionalities
11.4 Functional Part Manufacturing
11.4.1 Shift Towards Bulk Manufacturing to Drive Penetration of 3D Printing High Performance Plastics
12 3D Printing High Performance Plastic Market, by End-use Industry
12.1 Introduction
12.2 Medical & Healthcare
12.2.1 High Demand for Making Medical Devices, Implants, and Bio-Printing Human Organs
12.3 Aerospace & Defense
12.3.1 High Demand for Replacing Metal Components to Increase Fuel Efficiency
12.4 Transportation
12.4.1 High Demand for Prototyping Automotive Components
12.5 Oil & Gas
12.5.1 High Demand for Manufacturing Stiff, Light, Durable, and Corrosion Resistance Components
12.6 Others
12.6.1 Electrical & Electronics
12.6.2 Consumer Goods
12.6.3 Industrial
13 3D Printing High Performance Plastic Market, by Region
13.1 Introduction
13.1.1 3D Printing High Performance Plastic Market Size, by Region
13.1.2 North America
13.1.3 North America: 3D Printing High Performance Plastic Market Size, by Form
13.1.4 North America: 3D Printing High Performance Plastic Market Size, by Type
13.1.5 North America: 3D Printing High Performance Plastic Market Size, by End-use Industry
13.1.6 North America: 3D Printing High Performance Plastic Market Size, by Country
13.1.6.1 US
13.1.7 US: 3D Printing High Performance Plastic Market Size
13.1.7.1 Canada
13.1.8 Canada: 3D Printing High Performance Plastic Market Size
13.1.8.1 Mexico
13.1.9 Mexico: 3D Printing High Performance Plastic Market Size
13.2 Europe
13.3 APAC
13.4 MEA
13.5 South America
14 Competitive Landscape
14.1 Introduction
14.2 Market Share Analysis
14.3 Market Evaluation Framework
14.3.1 New Product Launch/ Development
14.3.2 Acquisition
14.3.3 Agreement/Contract/Partnership
14.3.4 Expansion
14.4 Revenue Analysis of Top Market Players
14.5 Company Evaluation Matrix
14.5.1 Star
14.5.2 Pervasive
14.5.3 Participants
14.5.4 Emerging Leaders
14.6 Strength of Product Portfolio
14.7 Business Strategy Excellence
14.8 Start-Up/Small and Medium-Sized Enterprises (SME) Evaluation Matrix
14.8.1 Progressive Companies
14.8.2 Responsive Companies
14.8.3 Dynamic Companies
14.8.4 Starting Blocks
15 Company Profiles
15.1 Arkema S.A.
15.2 Royal DSM N.V.
15.3 Stratasys, Ltd.
15.4 Evonik Industries AG
15.5 3D Systems Corporation
15.6 EOS GmbH Electro Optical Systems
15.7 Victrex plc
15.8 Solvay Group
15.9 Oxford Performance Materials
15.10 SABIC (Saudi Arabia Basic Industries Corporation)
15.11 Other Key Players
15.11.1 BASF New Business GmbH
15.11.2 3DXTECH
15.11.3 3D4Makers
15.11.4 Lehman & Voss &Co.
15.11.5 Treed Filaments
15.11.6 DuPont
15.11.7 Toray
16 Appendix
16.1 Discussion Guide
16.2 Knowledge Store: The Subscription Portal
16.3 Available Customizations
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