Polymers for additive manufacturing, also known as 3D printing, are advanced materials that can be precisely deposited layer by layer to produce three-dimensional objects of complex geometries. Polymers provide advantages like lightweight, durability and customizability for additive manufacturing applications across various industries.
Market key trends:
The development of advanced polymer materials with new and enhanced material properties is driving the growth of polymers for additive manufacturing market. New polymers are being developed that offer superior mechanical strength, heat resistance, biocompatibility and other optimized properties. This allows additive manufacturing using polymers to be used in high-performance applications. Production of complex parts with minimal waste and ability to customize designs according to specific application requirements using these advanced polymers through 3D printing technology is accelerating the demand.
Segment Analysis
The global polymers for additive manufacturing market is dominated by thermoplastics sub-segment. Thermoplastics account for over 55% of the global market share owing to their benefits like recyclability and ease of processing. Thermoplastics are widely used for making prototypes and end-use parts across industries such as automotive, healthcare, consumer goods etc.
Key Takeaways
The Global Polymers For Additive Manufacturing Market Demand is expected to witness high growth over the forecast period of 2024 to 2031. The market is projected to grow at a CAGR of 6.7% during this period and reach a size of US$ 389.2 Mn by 2024.
Regional analysis: North America currently holds the leading share in the global market owing to robust presence of key market players in the region as well as wide adoption of additive manufacturing across industries. Europe and Asia Pacific are also growing at a rapid pace primarily due to expansion of healthcare and automotive industries in the regions. China particularly is emerging as a major hub for polymers manufacturing driven by government investments and initiatives to strengthen manufacturing capabilities.
Key players: Key players operating in the polymers for additive manufacturing market 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. All the major players are focusing on developing innovative solutions and enhancing product portfolios to consolidate their market position. While Mitsubishi, Kawasaki, FANUC and others are expanding their robotics business globally, smaller players are engaged in partnerships for new product development.
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