The global Polymers For Additive Manufacturing Market is projected to grow from $3.6 billion to $6.91 billion, at a CAGR of 23.8% in terms of revenue during the forecast period.
The use of additive manufacturing (AM) has advanced far beyond the prototype and is now recognized as a highly adaptable manufacturing technique with the potential to radically disrupt current production practices in the future. Several AM techniques for polymers, their composites and nanocomposites, elastomers and multi-materials, shape memory polymers, and thermoresponsive materials are discussed in this study. The additive manufacturing (AM) process is based on computer-aided design, essentially using 3D modeling software to create a sketch and then adding successive layers of material to fabricate a designed 3D object by adding successive layers of material to the sketch until the final product is completed.
The Polymers For Additive Manufacturing Market category accounted for the greatest market share in terms of materials in the worldwide polymers for the additive manufacturing industry. The demand for AM material in polymers for additive manufacturing has increased due to its high tensile strength, resistance to abrasion, and affordability. One of the best materials for printing enclosures for electrical or electronic equipment has been identified as AM.
Market Dynamics:
Drivers:
The creation of low-cost, high-performance polymers for 3D printing is a key factor in the expansion of the Polymers For Additive Manufacturing Market. One of the strongest and longest-lasting plastics on the market is Acrylonitrile Butadiene Styrene (ABS). Polylactic acid (PLA), a biodegradable polymer with a higher strength than polylactic acid, is one example (PLA). Due to this, DLP (digital light processing) and SL typically use it in filament form (Stereolithography). Over the past few years, as the industrial demand for 3D printing has grown quickly, a number of firms in the additive manufacturing market have created sophisticated polymers.
Restraints:
The low durability of additively manufactured products is a criticism that is hurting sales of those products. The International Technical Committee F42 of the ASTM has released a set of production procedures for additive manufacturing utilizing polymers (American Society for Testing and Materials). A few techniques for doing this are photopolymerization, material extrusion, powder bed fusion, and material jetting.
Using lasers or UV (ultraviolet) beams on liquid polymers, photopolymerization, for instance, entails constructing parts one layer at a time. The durability of a part created using this manufacturing procedure is lower than that of a part created using another manufacturing process. Further limiting the usage of polymers in additive manufacturing to some extent in particular sectors is the fact that they have lower tensile strengths than plastics like Polyethylene Terephthalate (55MPa) due to polymers like Acrylonitrile Butadiene Styrene (33MPa).
Opportunities:
According to estimates, the Polymers For Additive Manufacturing Market will see significant growth as a result of rising awareness of the environmental situation. Based on the applications they plan to utilize in their additive manufacturing processes, a number of firms in the polymers market have begun creating advanced polymers. In the near future, it's projected that players would benefit financially from the 3D printing industry's constant product development. Due to its use in electronics, the sensors segment generated XX% of the industry's overall sales in 2020. Since many years ago, sensors have been made from polymers that are employed in additive manufacturing methods. Polymers have evolved for additive manufacturing, and as a result, they are now widely used to fabricate a variety of engineering components across many industries, including healthcare, industry, and defense.
Key Players:
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Arkema S.A.
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Covestro AG
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DuPont, Inc.
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EOS GmbH
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Evonik Industries AG
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INTAMSYS
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Prototal Industries
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Stratasys Ltd.
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BASF SE
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Saudi Basic Industries Corporation (SABIC)
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Huntsman International LLC
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NatureWorks LLC
Market Segmentation:
Polymers For Additive Manufacturing Market, By Process Type
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Fused-deposition Modelling (FDM)
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Stereolithography(SLA)
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Direct-write
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Continuous Liquid Interface Production (CLIP)
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Selective Laser Sintering (SLS)
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Others
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Polymers For Additive Manufacturing Market, By Material
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Acrylonitrile Butadiene Styrene (ABS)
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Polycarbonate (PC)
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Nylon
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Polyvinyl Alcohol (PVA)
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polylactic acid (PLA)
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Acrylonitrile Styrene Acrylate (ASA)
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Others
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Polymers for Additive Manufacturing Market, By Applications- For Electronics
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Radio Frequency Components
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Antenna
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Sensors
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PCB’s (Printed Circuit Boards)
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Others
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Polymers For Additive Manufacturing Market, By Region Type
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North America
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Europe
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Asia-Pacific
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LAMEA
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Regional Analysis:
The EMEA area has historically been the biggest Polymers For Additive Manufacturing Market for suppliers to the additive manufacturing industry. System sales account for the majority of EMEA and AMER's regional revenue. On the other hand, the APAC area has a higher share of system sales revenue. Users in the APAC area are more advanced adopters of AM technology, which is often characterized by machine acquisition. Activities are fueled by industrialization and production scalability in EMEA and AMER.
More than XX suppliers of metal and polymer AM systems are currently well-known on a global scale and are listed in the AMPOWER Database, which is accessed via the AMPOWER Report. The USA, China, and Germany are where you'll find most of them. The majority of system vendors are from the United States. With their technological advancements, the system providers dominate the additive manufacturing market.
Scope of the report:
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Report Coverage |
Details |
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Base year |
2021 |
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Forecast period |
2030 |
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Growth momentum & CAGR |
Accelerate at a CAGR of 23.8% |
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YoY growth (%) |
XX% |
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Regional analysis |
North America, Asia Pacific, Europe, Latin America, the Middle East, and Africa |
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Current Market size |
USD 3.6 Billion |
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Forecast market growth |
USD 6.91 Billion |
User
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Introduction
Our market research is an extensive, iterative process that takes into account a combination of primary and secondary research tools with the aim of minimizing deviation and producing the most precise estimate and prediction. For the future course of action, this approach meticulously outlines the actual changes and industry trends. It gives incredibly valuable data that is drawn from the insights and opinions of analysts and professionals. Our papers include in-depth research and analysis based on several factual inputs obtained from expert interviews, accurate data, and local information.
Market Size Estimation
The overall size of the market has been estimated and validated using both top-down and bottom-up methods. The sizes of other market subsegments have also been thoroughly estimated using these methodologies.
In the top-down technique, the market is divided into segments based on the percentage share of each segment. This method assisted in determining the size of each segment's market. The market size of each segment and its sub-segments was then divided into regional market sizes. This Approach helps mainly with the new Product Launch. It uses Multi-variate Regression Model coupled with Vendor based primary research inputs to forecast to the Market Size.
In the Bottom-Up approach, comprehensive study of key players has to be done wherein we add the market size of the major key players to understand the national market size which helps to determine the regional market size and eventually the complete market size. Companies annual report along with data from paid and unpaid resources like reports from government agencies and organizations like world bank provide the data for this approach.
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