The major drivers in the global 3D printing high-performance plastics market are skyrocketing demand for massive customization and the surging integration of 3D printing in numerous industries, such as automotive, defense, aviation, and aerospace. Moreover, the market will witness a robust compound annual growth rate in the coming years. The outbreak of COVID-19 had ruptured the entire circular economy and this market was no exception. Furthermore, it ruptured the entire logistical network leading to poor sales in the market. But the swift adoption of technologically advanced devices is assisting in the recovery of the market.
Within the type segment, the polyamide category holds the biggest 3D printing high-performance plastics market share. This can be credited to its inherent properties in comparison to other categories: it offers shock aversion, rigidity, and stability. Because of all of this, there is a rising integration of this category in countless sectors including injection molds, medical prostheses, robotics, automotive, and aerospace. This is due to their extensive utilization in the manufacture of gears and other components. The increasing inclination toward biocompatible polyamide-based 3D printed medical implants and devices will propel growth in the market.
The growth of the 3D printing high-performance plastics market will go hand in hand with the expanding aviation and aerospace industries. There is increasing manufacturing of aircraft components because of the surging inclination of the growing population toward aircraft to facilitate their transportation, thereby increasing connectivity all around the globe. Furthermore, the most efficient way of manufacturing these components is via 3D printing technology on account of its filament usage, which in turn wastes zero material, offers customized and complex designs, enhances strength and reduces weight.
The gradual partnerships between the key players by launching new products and gradually adopting innovations to gain a competitive edge including Saudi Basic Industries Corporation (SABIC), Oxford Performance Materials, Solvay, Victrex plc, EOS GmbH Electro Optical Systems, 3D Systems Corporation, Evonik Industries AG, Stratasys Ltd., Royal DSM N.V., and Arkema S.A. will drive the market.
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