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Rising Industrial Application Boost the Demand for 3D Printing High-Performance Plastics

01-03-2023 07:02 AM CET | Business, Economy, Finances, Banking & Insurance

Press release from: P&S Intelligence

Rising Industrial Application Boost the Demand for 3D Printing

There are more than 100 high-performance plastics to select for additive manufacturing. The 3D printing high-performance materials possess unique mechanical properties that make them suitable for high-quality end-use applications.

Polymers such as TPU, TPE, silicone, and PEEK are high-performance materials for 3D printing. These are ideal due to their exceptional properties, such as incredible hardness, extreme heat, resistance, biocompatibility, or qualities similar to rubber.

The global 3D printing high-performance plastics industry is projected to rise in the coming years. It is ascribed to the growing applications of 3D printing in various sectors, including aviation, aerospace, automotive, defense, and the growing demand for mass customization.

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During the pandemic, the consumption of 3D high-performance plastics has increased, despite disruption in various industrial activities. It is due to the rising healthcare application of 3D printing high-performance plastics for personal protective equipment, medical devices, and isolation wards.

Under the type segment, the polyamide category has captured the largest industry share in the 3D printing high-performance plastics industry. It is ascribed to properties of polyamide, including rigidity, stability, and shock resistance. That is why, it is utilized in numerous applications in the manufacturing of various parts used in various sectors such as automotive, aerospace, and robotics sectors, including injection molds, and medical prostheses.

Under the form segment, the filament and pellet category captures the largest industry share. It is ascribed to the massive usage of high-performance plastic filaments in the widely preferred FDM process.

Under the application segment, the prototyping category leads the 3D printing high-performance plastics industry, and it is projected to hold the same position in the near future. It is due to the ability of 3D printers to perform fast iterations of designs, by product testing. Thus, it saves time and money for functional prototype testing.

North America holds the largest industry share. It is ascribed to increasing R&D investments, led by the growing focus on technological advancements.

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High-Performance Polymers for 3D Printing

PEEK

PEEK is a strong, flame-retardant, and heat-resistant high-performing engineering thermoplastic. It can be utilized as a lightweight substitute for metals. Parts made of PEEK are 70% lighter than metal parts.

PEEK is utilized in various industries, such as automotive, aerospace, electronics, energy, and medical industries for the fabrication of caps, rings, and cases. Biocompatible PEEK is also used for implants.

TPE and TPU

TPE and TPU are thermoplastic elastomers and possess rubber-like characteristics. TPU is a specific thermoplastic elastomer, and it is available in higher hardness grades for manufacturing soft rubber-like to hard parts.

The major players operating in the industry are, Royal DSM N.V., Evonik Industries AG, 3D Systems Corporation, Victrex plc, Solvay, Oxford Performance Materials, Stratasys Ltd., and Saudi Basic Industries Corporation (SABIC).

Therefore, the pandemic has fuelled the consumption of 3D printing plastic polymers due to rising healthcare applications.

Browse more reports:

3D Printing Materials Industry Report - https://www.psmarketresearch.com/press-release/3d-printing-materials-market

3D Printing Filament Industry Report - https://www.psmarketresearch.com/press-release/3d-printing-filaments-market

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P&S Intelligence
Phone: +1-347-960-6455
Email: enquiry@psmarketresearch.com
Web: https://www.psmarketresearch.com
Blog: https://psintelligence.blogspot.com

About P&S Intelligence

P&S Intelligence provides market research and consulting services to a vast array of industries across the world. As an enterprising research and consulting company, P&S believes in providing thorough insights on the ever-changing market scenario, to empower companies to make informed decisions and base their business strategies with astuteness. P&S keeps the interest of its clients at heart, which is why the insights we provide are both honest and accurate. Our long list of satisfied clients includes entry-level firms as well as multi-million-dollar businesses and government agencies.

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