Growing penetration of reinforced 3D printing high performance plastics in functional part manufacturing


Posted July 5, 2021 by white123

The global 3D printing high performance plastic market size is projected to grow from USD 72 million thousand in 2020 to USD 202 million by 2025.

 
The demand for reinforced 3D printing high performance plastics is increasing for functional part manufacturing. These grades offer optimum performance in extreme conditions such as corrosive and high temperature/pressure environments. Carbon fibers and glass fibers are added to PEEK, PEKK, and polyamide to enhance their performance. Novamid ID1030 CF10, offered by Royal DSM, is a 3D printing grade high-quality polyamide that is 10% carbon-reinforced. Novamid finds a variety of applications ranging from automotive to packaging. Another manufacturer from the US, Stratasys, Ltd., provides FDM Nylon 12 CF, which is polyamide (PA)12 thermoplastic filament reinforced with chopped carbon fiber 35% by weight. The material has the highest flexural strength of any thermoplastic, leading to the highest stiffness-to-weight ratio. The combination of lightweight and high strength and stiffness makes it an ideal replacement for heavier metal components in applications such as functional prototypes and selective end-use parts.

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The global 3D printing high performance plastic market is expected to grow from USD 72 million in 2020 to USD 202 million by 2025, at a CAGR of 22.9% during the forecast period. Increasing demand from high end-use industries, growing novel application in tooling and proptotying, and government supportive activities to promote the usage of 3D printing materials is driving the growth of the market.

North America to continue the similar growing trend in the market

North America held the largest share in 3D printing high performance plastic market and is projected to continue the similar trend over the projected period. Manufacturers of 3D printing materials in North America are putting efforts by undertaking new product launch, collaboration, and other strategies. For instance, in September 2018, Stratasys Ltd. signed a multi-year technical partnership with Team Penske (US). Team Penske will be using advanced materials, such as Carbon Fiber-filled Nylon 12, in additive manufacturing for advanced car testing, production parts, and prototypes. The partnership is aimed at innovating new materials in 3D printing to increase output and improve vehicle performance.

Arkema S.A. (France), Royal DSM N.V. (the Netherlands), Stratasys, Ltd. (US), Evonik Industries AG (Germany), 3D Systems Corporation (US), EOS GmbH Electro Optical Systems (Germany), Victrex plc. (UK), Solvay (Belgium), Oxford Performance Materials (US) , and SABIC (Saudi Arabia) are some of the key players in the 3D printing high performance plastic market.. These players have taken different organic and inorganic developmental strategies over the past five years.

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Issued By Markets and Markets
Country United States
Categories Business
Tags 3d printing , 3d printing high performance plastic , 3d printing high performance plastic market , plastic
Last Updated July 5, 2021