Skip to main content

Polymers for Additive Manufacturing Market is Estimated to Witness High Growth

Polymers for Additive Manufacturing Market

Polymers play a vital role in additive manufacturing as they are used as a raw material for 3D printing. Commonly used polymers for 3D printing include nylon, acrylonitrile butadiene styrene (ABS), polylactic acid (PLA), polypropylene (PP), and polyethylene (PE). These polymers offer advantages like durability, flexibility, UV resistance, lightweight, and low-cost. Additive manufacturing allows the production of complex shapes and customized products using 3D printers which traditional manufacturing struggles to produce.

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 2024-2031, as highlighted in a new report published by Coherent Market Insights.

Market Opportunity

The wide range of applications across industries such as automotive, aerospace, healthcare, and consumer goods is expected to drive the growth of the polymers for additive manufacturing market over the forecast period. Additive manufacturing helps in rapid prototyping and reducing design iterations which leads to significant cost savings for manufacturers. It allows modifying designs on the fly and produces parts with complex geometry which is otherwise difficult with traditional manufacturing methods. The ability of 3D printing technologies to print using different polymers as per application requirements is boosting their adoption across industries.

Porter’s Analysis

Threat of new entrants: The polymers for additive manufacturing market requires heavy investments in R&D for developing advanced materials. Additionally, the presence of established players makes it difficult for new players to gain significant market share.

Bargaining power of buyers: Buyers have moderate bargaining power due to the presence of various polymer manufacturers. However, specialized requirements from different industries confer some power to buyers.

Bargaining power of suppliers: Material suppliers have moderate-to-high bargaining power owing to their differentiated offerings and capabilities. Suppliers can also integrate backwards and offer 3D printing services.

 

Threat of new substitutes: No direct substitutes exist for polymers used in additive manufacturing. However, advancements in alternative 3D printing materials like metals and ceramics pose a threat.

Competitive rivalry: Intense due to the presence of major global players and established regional manufacturers. Players compete based on product portfolios, pricing, innovation, and customer relationships.

SWOT Analysis

Strengths: Wide applications in industries like automotive, healthcare, consumer goods boosts demand. Ability to produce complex designs restricts usage of traditional manufacturing.

Weaknesses: High material costs. Limited capabilities for printing very large or durable parts.

Opportunities: Increasing R&D investments to develop advanced materials widen scope. Emerging applications in sectors such as aerospace & defense present growth prospects.

Threats: Stringent regulations over material usage impact supply. Economic slowdowns lower discretionary spending on 3D printing.

Key Takeaways

The Global Polymers For Additive Manufacturing Market Size is expected to witness high growth led by burgeoning demand from end-use industries. The automotive sector accounted for the largest share of the market in 2021 owing to use of 3D printing for rapid prototyping and manufacturing functional prototypes. 3D printed polymers find increasing usage in making interiors, fixtures, and specialized components in automobiles. 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 2024-2031.

Regionally, Asia Pacific dominated the global polymers for additive manufacturing market in 2021 and is projected to expand at the fastest pace during the forecast period. Significant presence of automotive and healthcare industries in China, India, and other developing nations drives the regional market. Japan and South Korea are also major countries contributing to market growth in Asia Pacific.

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. The market remains fairly concentrated with top players accounting for sizeable shares. Market leaders are focusing on developing innovative materials with advanced properties to further expand applications of 3D printing.

Explore more information on this topic, Please visit -

https://www.ukwebwire.com/polymers-for-additive-manufacturing-market-size-and-trends-analysis/ 

Explore more trending article related this topic -

https://www.insightprobing.com/global-creator-economy-market-share-size-demand-analysis-growth-and-trends-forecast/ 

Labels:

Comments

Post a Comment

Popular posts from this blog

Rails to Resilience: Strategies Driving Growth in the Railway Coatings Market

Railway Coatings Market Railway coatings play a critical role in protecting rail infrastructure against corrosion, abrasion, and weathering, thereby extending the lifespan of railway assets and enhancing operational efficiency. The Railway Coatings Market encompasses a diverse range of coatings specifically formulated to meet the unique requirements of rail applications, including coatings for rolling stock, track components, bridges, and stations. As the global rail industry continues to expand and modernize, the demand for high-performance coatings that offer durability, safety, and environmental sustainability is on the rise. The railway coatings market was valued at  US$ 2,334.2 Mn in 2024 , and is expected to exhibit a  CAGR of 5.2% , in terms of revenue, over the forecast period  2024-2031  to reach  US$ 3,497.6 Mn by 2031 . Key Takeaways: The Railway Coatings Market is witnessing steady growth, driven by various factors such as infrastructure development ...
Post a Comment
Read more

Global Amphibious Vehicle Market is Anticipated to Witness High Growth Owing to Growing Demand

Amphibious Transport Amphibious vehicles, commonly referred as 'amphibians', are wheeled or tracked vehicles that have the capability to travel through both land and water. They are widely used by military forces across the world for tactical mobility options. Amphibious vehicles provide unique advantages for various military operations conducted near water bodies or in flooded areas. They allow rapid deployment of troops and equipment without requiring additional logistical support. Some key uses of amphibious vehicles include border patrolling, transportation across rivers, and transportation of supplies to islands. The growing focus on military modernization programs and increasing defense budgets globally has augmented the demand for advanced amphibious vehicles. The Global Amphibious Vehicle Market is estimated to be valued at US$ 5.08 Bn in 2024 and is expected to exhibit a CAGR of 10% over the forecast period 2024 To 2031. Key Takeaways Key players operating in the Globa...
Post a Comment
Read more

Active Protection Systems Market is Anticipated to Witness High Growth

Active Protection Systems Market Active protection systems (APS) are anti-weapon defense system employed on armored fighting vehicles and tanks that protect them against incoming anti-tank missiles and rockets. An APS utilizes sensors for detecting the threat, followed by countermeasures that include projectile interceptors, direct energy weapons or smoke screens to neutralize the threat. The increasing modernization initiatives by militaries worldwide coupled with rising defense budgets is stimulating the demand for advanced protection systems for tanks and armored vehicles. The Global active protection systems market is estimated to be valued at US$ 4.30 Bn in 2024 and is expected to exhibit a CAGR of 5.6% over the forecast period 2024 to 2031. Active Protection Systems Market Growth   provides effective self-defence solutions and are becoming an integral part of the protection suites being developed for next-gen armored platforms. These systems play a crucial role in saving live...
Post a Comment
Read more