The 3D printing polymer material market is making quantum leaps of growth on the back of paced adoption of 3D printers for product development. The type of 3D printing polymer material depends on the various kinds of product that are being produced. The diverse applications of 3D printing polymer materials include usage in PET bottles, dolls, tools, electronics, appliances, luggage, computers, and transportation parts. These polymers are known for their properties such as lower costs, lighter weight, enhanced performance, lower energy consumption, and precision in manufacturing. As a result of these advantages, the demand for 3D polymer printing materials is expected to rise. Notably, promising developments in the manufacturing of automobiles are poised to remarkably expand the global 3D printing polymer material market.
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Soaring Demand in Aerospace and Defence Industry Bodes Well for 3D Printing Polymer Material Market
The 3D printing polymer material market is expected to prosper across the aerospace and defence industry at the helm of active adoption of modern manufacturing. To meet the growing demand, the aviation industry is progressively leveraging 3-dimensional technologies. This soaring demand for commercial and military aircraft is projected to provide an impetus to the 3D printing polymer material market. The burgeoning demand for 3D printing polymer materials, coupled with an increasing need for superior-performance materials, within the aerospace and defence industries is poised to open new revenue streams in the global 3D printing polymer material market. During the study period, governments aim at reducing the reliance on global supply chains to channel significant funds towards localization, further creating new opportunities in the 3D printing polymer material market.
Healthcare Industry Exhibits Robust Growth Prospects Owing to Diversified Applications
During the projection period, the healthcare industry is expected to exhibit dominance across the end-use segments. This growth in the healthcare sector is mainly ascribed to cost-efficiency, ease of customization, and the growing prevalence of vascular and arthritic illnesses. Moreover, the development of products based on advanced technologies is poised to fuel the demand for 3D printed medical products. These developments are also backed by favourable government initiatives. Additionally, polymer materials are extensively used in dentistry to create scaffold structures owing to their greater biological and mechanical attributes. Ease of processing, lighter weight as compared to metals and ceramics, and lower production costs are expected to bode well for the 3D printing polymer materials in the healthcare industry. This is set to result in substantial growth of the 3D printing polymer material market.
Sound Adoption of Additive Manufacturing Opens New Opportunities for North America
The rise in the adoption of additive manufacturing is steering North America’s 3D printing polymer material market towards robust maturity. This has made the region a leader in the global 3D printing polymer material market. Reduction of human errors, enhanced customization, optimal usage of material, and curtailed time and costs of production are leading factors driving North America’s market towards expansion. Consequently, market players in North America are anticipated to pursue value-centric initiatives to capitalise on the lucrative opportunities floating across its 3D printing polymer material market.
Prominent Market Players
Royal DSM, 3D System, Stratasys Ltd., EOS GmbH Electro Optical ExOne Company, Arkema S.A., Systems, Materialise NV, General Electric, Sandvik AB, and Höganäs AB are some of the most prominent players operating in the global 3D printing polymer material market.
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