Polycarbonate Market is in Trends by Sustainable and Recyclable Materials
Key polymers used in additive manufacturing include photopolymers, thermoplastics and elastomers. These polymers come with properties like durability, lightweight, customizability and cost-effectiveness which make them suitable for a wide range of end-use applications in industries like automotive, healthcare, aerospace, consumer goods etc. Additive manufacturing using polymers allows manufacturers to produce complex customized parts on-demand without unnecessary waste, helping reduce costs and time to market. The need for custom parts across industries is continually rising with growing preference for personalized products, thereby driving demand for additive manufacturing with polymers.
The Global Polymers for Additive Manufacturing Market is estimated to be valued at US$ 389.2 Mn in 2024 and is expected to exhibit a CAGR of 6.7% over the forecast period 2024 to 2030.
Key Takeaways
Key players operating in the Polymers for Additive Manufacturing 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. These players are focusing on developing advanced materials and technologies for additive manufacturing.
There is a huge potential for customized and Polymers For Additive Manufacturing Market Size using additive manufacturing across industries. Key industries like automotive, aerospace and healthcare are increasingly adopting polymers for additive manufacturing to manufacture complex customized parts.
Players in the market are expanding globally to leverage opportunities across regions. For instance, Yaskawa has expanded in Europe and Americas to cater to the rising local demand. Mitsuishi Electric has invested in expanding its additive manufacturing business across Asia Pacific and European nations.
Market drivers: Increasing demand for customized and personalized products is a key driver as it necessitates additive manufacturing techniques. Rising focus on reducing production costs and time to market for parts also favors adoption of polymers for additive manufacturing.
Market restraints: High initial costs of additive manufacturing equipment and limited availability of advanced polymer materials continue to restrain broader adoption of this technology. Lack of standardization and technical challenges in production also challenge the market growth.
Segment Analysis
Content: The polymers for additive manufacturing market is dominated by photopolymers sub segment. Photopolymers account for more than 50% market share in 2024 as they are widely used for 3D printing for both prototyping and manufacturing applications. Photopolymers provide high resolution, durability and chemical resistance properties required for final products. Thermoplastics hold the second position in terms of market share and are gaining popularity for large scale additive manufacturing due to high strength and impact resistance properties.
Global Analysis
Content: The North America region dominated the global polymers for additive manufacturing market in 2024 with a share of over 35%. Presence of major manufacturers, quick adoption of advanced technologies and government support for 3D printing drives the market in the region. Asia Pacific is projected to be the fastest growing market during the forecast period owing to increasing industrial automation, low labor cost and expanding manufacturing sector in countries like China and India. The regional market is expected to grow at a CAGR of around 8% till 2030. Europe holds the third position in polymers for additive manufacturing market with Germany, UK and France being major countries adopting additive manufacturing solutions across industries.
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