High Temperature 3D Printing Plastics Market is Anticipated to Witness 13.0% CAGR Growth till 2025

The global High Temperature 3D Printing Plastics Market size is projected to reach USD 833.43 million by 2025, expanding at a CAGR of 13.0% over the forecast period, according to a new study report by Grand View Research, Inc. The market is anticipated to be driven by rising aerospace industry.

High temperature 3D printing plastics are primarily used in prototyping and concept modeling. The demand for aircraft and defense equipment is expected to witness significant growth across the globe. Factors, such as resurgence of global security threats and growth in the defense budget of key nations are expected to drive growth of the aerospace industry. In addition, relatively stable growth in the Gross Domestic Product (GDP) in developing economies, such as China and India is contributing to an increase in passenger travel, which, in turn, is expected to trigger the demand for commercial aircraft across the globe, thereby creating significant demand for high-temperature 3D printing plastics.

Polyetherketoneketone (PEKK) type segment is anticipated to grow at the fastest CAGR over the forecast period. PEKK offers higher thermal resistance compared to most of its counterparts, a glass transition and a melting temperature of 180°C and 300°C, respectively thus, paving its way for use in high temperature 3D printing solutions for various applications such as healthcare and automotive among others. In addition, PEKK provides high resistance to fluids, inherent flame retardancy, compressive strength, wear and radiation resistance, and creep resistance, which is anticipated to fuel its growth over the forecast period.

Healthcare end use segment is projected to witness significant growth in the next seven year. Key applications of high temperature 3D printing plastics in healthcare segment include prototyping, custom orthodontic implants, prosthetics, medical instruments, training models, and others. The products also find application in anatomical models in the healthcare industry, electronics encasements, for complex components in single-use and reusable medical devices, teaching or diagnostic aids, conceptual modeling of medical devices, casts and splints, and patient-specific cutting guides for surgery.

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Further key findings from the report suggest:

• PEKK type segment is potentially fueling the market growth owing to rising demand for PEKK in various end-use industries
• Europe is anticipated to witness the fastest CAGR over the forecast period
• Asia Pacific held the largest market share in 2018 and is expected to continue its dominance during the forecast period. China is the fastest growing country in the region, on account of the growing construction industry
• Key market players engage in various strategic initiatives to boost their market share. For instance, in November 2018, 3D4Makers introduced Facilan high temperature, a 3D printing filament in collaboration with ElogioAM B.V. It is a polyester with high temperature resistance that becomes flexible above 89°C. This material is designed to be used with conventional FDM 3D printers. This filament enables end users to produce durable parts using Fused Deposition Modeling (FDM) additive manufacturing process

 About Us:
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, the company offers market intelligence studies ensuring relevant and fact-based research across a range of industries including technology, chemicals, materials, healthcare and energy.

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