Polymers are widely used materials in additive manufacturing due to their ability to be customized and produced in various physical forms. Polymers can be melt processed or dissolved to print into three dimensional parts that are flexible, durable and lightweight. They find applications in various industries including automotive, aerospace and healthcare where customized designs and functional parts are required.
The global Polymers for Additive Manufacturing Market is estimated to be valued at US$ 337.84 Mn in 2023 and is expected to exhibit a CAGR of 23.% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.
Market key trends:
Customizability of polymers allows designers and engineers to fabricate parts with complex geometries precisely as envisioned for the final product. Additive manufacturing aids in producing custom designs without tooling costs by simply manipulating the material deposition. The polymer materials can also be modified through mixing with other polymers or additives to develop varied material combinations and achieve desired material properties. This versatile nature of polymers drives their increasing utilization in additive manufacturing for creating multi-material, functional end-use parts.
Strength: Polymers have great design flexibility and material properties for additive manufacturing applications. They offer precise shapes, lightweight designs, material smoothness and durability.
Weakness: High initial equipment cost of additive manufacturing using polymers. Lack of standardized processes and materials.
Opportunity: Expanding applications in industries such as automotive, aerospace, healthcare and consumer goods due to customizable complex parts. Growing demand for 3D printed consumer goods.
Threats: Price fluctuations in raw material costs. Stringent regulations around using new additive manufacturing processes and materials.
The Global Polymers For Additive Manufacturing Market Size is estimated to be valued at US$ 337.84 Mn in 2023 and is expected to exhibit a CAGR of 23.% over the forecast period 2023 to 2030.
Regional analysis comprises Asia Pacific dominates the market currently due to rapid industrialization and growing electronics sector in countries like China and India. Key players are expanding polymer additive manufacturing capabilities and partnerships in the region to tap potential opportunities.
Key players operating in the polymers for additive manufacturing include Arkema S.A., Covestro AG, DuPont, Inc., EOS GmbH, Evonik Industries AG, INTAMSYS, Prototal Industries, Stratasys Ltd., BASF SE, Saudi Basic Industries Corporation (SABIC), Huntsman International LLC., NatureWorks LLC. These players are focusing on new product launches, collaborations and expansion in emerging markets to strengthen their market presence.
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it