Polymers for additive manufacturing refers to various kinds of plastic materials that are used in 3D printing technologies. Some key polymers used in additive manufacturing include acrylonitrile butadiene styrene (ABS), poly(lactic acid) (PLA), high-impact polystyrene (HIPS), and nylon. These polymers are offered in filament, pellet or powder form for fused deposition modeling (FDM), selective laser sintering (SLS), multi jet fusion (MJF) and other additive manufacturing processes. Polymers offer benefits like durability, versatility and ease of processing for a variety applications. The global demand for 3D printing is growing rapidly across industries like automotive, aerospace, consumer goods and healthcare due to advantages like reduced waste, quick product development and ability to make complex designs.
The Global Polymers for Additive Manufacturing Market is estimated to be valued at US$ 389.2 Mn in 2024 and is expected to exhibit a CAGR of 6.7% over the forecast period 2024 to 2030.
Key Takeaways
Key players operating in the polymers for additive manufacturing are Daihen Corporation, Yaskawa Motoman Robotics, Denso Corporation, Universal Robots, Epson America, Inc., Panasonic Corporation, Epson America, Inc., Nachi Robotic Systems, Inc., FANUC Ltd., Mitsubishi Electric Corporation, Kawasaki Heavy Industries Ltd., and KUKA Robotics Corporation. The global demand for 3D printing polymers is growing rapidly from industries like automotive, aerospace, consumer goods and healthcare due to factors like cost savings, quick product development and ability to make complex designs. Major polymer manufacturers are focusing on developing advanced materials with properties like high impact strength, chemical resistance and durability to suit diverse 3D printing applications.
Technological advancements are enabling the use of thermoplastics like nylon and PP for applications in industries which traditionally used metals. Researchers are also working on developing bio-based and recyclable polymers to increase sustainability in additive manufacturing. Key players are also investing in R&D to engineer polymers with properties like self-healing for critical applications in aerospace components.
Market Trends
Some key trends in the polymers for additive manufacturing market include increased demand for advanced specialty materials and bio-based and recycled polymers. Major companies have developed high performance specialty polymers leveraging advanced engineering to enable applications in transportation, medical and tooling industries. For example, new ABS grades developed by BASF offer high heat resistance for application in automotive 3D printed components experiencing high temperatures.
Another growing trend is increased focus on sustainable polymers derived from renewable resources such as corn and sugarcane or recycled polymers. Startups and material manufacturers are innovating with polylactic acid (PLA), polyhydroxyalkanoates (PHAs) and other bio-based feedstocks. For example, Natureworks LLC offers Ingeo PLA biopolymers made from annually renewable resources for 3D printing.
Market Opportunities
One of the key opportunities for Polymers For Additive Manufacturing Market Size is in developing materials optimized for emerging additive manufacturing technologies like stereolithography, material jetting and binder jetting which offer new application scopes. Significant R&D investments are being made to identify polymers compatible with these advanced 3D printing processes.
Another major opportunity lies in meeting the growing demand for recyclable polymers from industry sectors striving for circular economy. Collaborations aimed at closing polymer life cycles through collection, reprocessing and reuse will play a key role in driving sustainability.
Impact of COVID-19 on Polymers for Additive Manufacturing Market Growth
The outbreak of COVID-19 pandemic has adversely impacted the growth of polymers for additive manufacturing market globally. Government imposed lockdowns and disruption in supply chain network due to travel restrictions greatly affected the production and supply of polymers and raw materials used in 3D printing applications. Project delays and postponed installations across manufacturing sector also hindered the demand. However, pandemic circumstances boosted the use of 3D printed parts for healthcare applications like face shields, masks and ventilator components. Post COVID, the market is expected to regain momentum backed by growing investments in additive manufacturing technologies across automotive, aerospace and medical sectors. 3D printing enabled customization of parts as per requirements will drive the demand for polymers used in additive manufacturing process. Companies are focusing on developing bio-compatible polymers suitable for implants and medical devices to address rising healthcare needs. Continuous research and development activities to produce innovative material formulations with enhanced properties will propel the long term growth of polymers for additive manufacturing market.
In terms of value, North America accounts for the largest share of polymers for additive manufacturing market globally. The presence of major polymer manufacturers, material vendors and technology providers in the region have established North America as innovation hub for additive manufacturing. Growing automation and adoption of industrial 3D printing across industries like automotive and aerospace further augment the market growth. Europe stands as second largest market for polymers used in 3D printing owing to developments in healthcare and medical sector. Asia Pacific represents the fastest growing regional market attributed to expansion of manufacturing facilities of multinational companies and rising government support for adoption of additive technology. Investments in research infrastructure and technological advancements will drive the polymer demand for 3D printing applications across Asia in coming years.
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