3D Printing Polymers Market size is anticipated to witness healthy growth during 2023 to 2032 driven by the enhanced development of a variety of materials and technologies along with the growth of the automotive industry.
Increasing bio-based 3D printing high-performance plastics demand and the burgeoning use of these materials in the manufacturing of functional parts is also set to bolster product adoption. By employing the capability to alter ink viscosity, biobased polymers improve the printing accuracy, and resolution of added layers, and subsequently generate well-defined geometries. The aerospace industry’s inclination towards PLC 3D printing is also benefitting 3D printing polymers market progression.
Favorable government efforts and an increase in funding for R&D operations in various emerging nations are also projected to foster the business demand.
Recently, in the post-pandemic scenario, affected businesses, including the automotive, electrical, and aviation industries, have been rapidly recovering. The increased consumer product demand has propelled 3D printing demand across the world. Moreover, worldwide travel resumptions have boosted the usage of automobiles and benefitted aircraft manufacturers. However, rising environmental concerns regarding the disposal of plastic materials are anticipated to impede the growth of the 3D printing polymers industry.
In terms of form, the 3D printing polymers market is categorized into filament, liquid/Ink, and powder. The polymer powder 3D printing segment is speculated to witness significant growth through 2032 as a result of beneficial qualities such as high accuracy, rapid production, cost-effectiveness, no structural requirement compared to counterparts, and low material consumption. The powder-based selective laser sintering process is gaining positive traction due to the mounting use of consumer goods in line with increased purchasing power.
The automotive end-use segment is poised to accumulate substantial gains by the end of 2032. The burgeoning R&D programs in the automotive sector have improved the product adoption rate as 3D printing polymers are highly considered for prototype vehicles and pre-series models due to their minimum production time
Regionally, the North America 3D printing polymers market is slated to depict massive growth over the review timeline on account of its advanced 3D printing sector and supportive government-led initiatives to propel business scenarios. To cite an instance, in May 2022, the U.S. Government launched the AM Forward Program under which several initiatives by 3D manufacturers and industrial companies such as apprenticeship programs, research facility projects, and occupational training will aid the expansion of the 3D printing business.
Some of the key players profiled in the 3D printing polymers market are Evonik, Solvay, BASF SE, ELIX Polymers, Arkema Group, and more. These companies majorly focus on product range broadening, rigorous R&D programs, and strategic acquisitions to achieve a competitive edge in the industry. The company has also released AS9100, an innovative high-temperature filament made of polyether ether ketone (PEEK) approved for aerospace & defense applications.