Transparency Market Research in its new report titled, “Polymers Market for 3D Printing Applications - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2017 – 2025,” provides key insights on the polymers market for 3D printing market. The TMR report anticipates that the increase in usage of 3D printers in various applications in industries such as electronics, energy, aerospace, automotive, consumer goods, and medical will be one of the factors driving the market for polymers that are utilized in 3D printing applications during the forecast period i.e, 2017-2025. Out of materials that can be used in 3D printing applications (such as metals, ceramics, plastics, etc.), use of polymers is dominant due to their wide availability and versatile properties. This provides an opportunity to manufacturers of polymers to develop and provide plastic resins for specific industries and applications. In this way, they would be able to add value to their products and acquire, retain, and expand their customer base, says the TMR report.
According to the report, 3D printing has wide usability in various industries such as aerospace & defense, medical, automotive, and others such as architecture. The aerospace & defense industry is the key consumer of polymers with 3D printing applications. Due to rise in usage and availability of polymers for 3D printing, the aerospace industry can produce other parts that have significant benefits for this sector and aircraft maintenance. In the medical industry, orthopedic implants can be produced with the use of 3D printing polymers. Polymers can also be used to manufacture standard and custom implants in a cost-effective manner. Additionally, polymers for 3D printing application in health care can focus on prototyping, prosthetics, custom orthodontic implants, medical instruments, training, models to direct surgery, pharmaceutical testing and production, tissue used in testing and transplants, and other potentially problematic procedures. Polymers with 3D printing applications in the automotive industry are used to design automotive components with high mechanical strength. They are also used in prototyping and tooling by automotive manufacturers owing to improved robustness.
Currently, the report says that the developed areas of North America and Europe are significant regions of the polymers market for 3D printing applications. A majority of manufacturers of polymers for 3D printing applications are based in these regions. Research and development activities are also being carried out in these regions. Moreover, the 3D printing industry is expanding rapidly across the world. This presents an opportunity for polymer manufacturers in the rest of the world to develop their products according to the requirements for 3D printing applications. Investments and expansion by companies could provide an opportunity to capture local market share during the forecast period. This kind of expansion by manufacturers of polymers for 3D printing applications can help them acquire and retain customers, while also consolidating their presence in the market. Prominent players operating in polymers market for 3D printing applications include Innofil3D BV, ELIX Polymers, Carbon Inc., Arkema Group, Evonik, Stratasys Ltd., and ENVISIONTEC INC.
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Transparency Market Research (TMR) is a U.S.-based provider of syndicated research, customized research, and consulting services. TMR’s global and regional market intelligence coverage includes industries such as pharmaceutical, chemicals and materials, technology and media, food and beverages, and consumer goods, among others. Each TMR research report provides clients with a 360-degree view of the market with statistical forecasts, competitive landscape, detailed segmentation, key trends, and strategic recommendations.
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