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The global Polymers for Additive Manufacturing Market Growth Accelerated by Expanded Application Scope

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naufan003
 The global Polymers for Additive Manufacturing Market Growth Accelerated by Expanded Application Scope

Polymers for additive manufacturing have gained wide acceptance due to the advantages they provide such as customized design flexibility, reduced wastage, and ease of production of complex geometries. Polymers used in 3D printing include acrylonitrile butadiene styrene (ABS), thermoplastic polyurethane (TPU), nylon, polyvinyl alcohol (PVA), and polyethylene terephthalate glycol-modified (PETG).

The global Polymers for Additive Manufacturing Market is estimated to be valued at US$ 337.84 Mn in 2023 and is expected to exhibit a CAGR of 23.% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.

Market key trends:

The expanded scope of application of 3D printing polymers is propelling market growth. Traditionally used in rapid prototyping, the use of polymers for additive manufacturing has witnessed significant expansion into end-use industries such as aerospace, automotive, medical, and consumer goods. Lightweight and high-strength polymers are enabling 3D printing of complex parts for aerospace components experiencing less component weight. In the medical sector, customized implants, surgical guides, and wearable devices are being produced using biocompatible polymers. The development of new polymers with advanced properties is further expanding the capabilities of 3D printing. Continuous research toward widening material options suitable for additive manufacturing processes will continue to drive the market during the forecast period.

Segment Analysis

Polymers for additive manufacturing market is dominated by thermoplastics sub segment. Thermoplastics are ideal choice for 3D printing applications especially fused deposition modelling (FDM) 3D printing technology. Thermoplastics are easy to extrude through heated nozzle and have high strength to weight ratio. Thermoplastics such as ABS, PLA and PETG account for majority share as they are widely used to manufacture functional prototypes and end use parts across industries such as automotive, aerospace, healthcare etc.

Key Takeaways

The Global Polymers For Additive Manufacturing Market Size is expected to witness high growth between 2023-2030 at a CAGR of over 23%.

North America region is currently dominating global polymers for additive manufacturing market. Easy availability of advanced 3D printing technologies and rapid adoption across key end use industries makes North America the largest market.

Key players operating in the Polymers for Additive Manufacturing market are Arkema S.A., Covestro AG, DuPont, Inc., EOS GmbH, Evonik Industries AG, INTAMSYS, Prototal Industries, Stratasys Ltd., BASF SE, Saudi Basic Industries Corporation (SABIC), Huntsman International LLC., NatureWorks LLC.


Get more insights on this topic:

https://www.rapidwebwire.com/polymers-for-additive-manufacturing-market-size-analysis/  

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