According to the new market research report “3D PA (Polyamide) Market” published by Whipsmartmi.com
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The 3D PA (polyamide) market is projected to grow at a CAGR 38.74% rate during the forecast period. The key factors responsible for this growth is its increased usage in healthcare and aerospace & defense sectors for customized products.
The healthcare and aerospace & defense segment expected to have the largest market share owing to the market owing to the increased usage of PA11 & PA12 using 3D printing technology for highly customized products such as prosthetics, aerodynamic parts using various compositions. Moreover, many automobile companies are using PA11 and PA12 for rapid prototyping as well as manufacturing of customized parts.
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The PA12 segment is expected to account for the largest share of market. This segment is estimated to witness high growth owing to the high supply base and increased demand of PA12 in the production of specialized parts. PA11 is a bio-based specialty polyamide. It is environment-friendly and provides better performance than conventional thermoplastics. This is expected to result in the growth of bio-based & specialty segment globally from a strategic point of view.
North America and Europe are expected to dominate the 3D PA (polyamide) market. The growth of PA11 and PA12 market for 3D printing in North America & Europe is majorly driven by the increasing demand from healthcare and aerospace & defense. The U.S. is a major market in North America, followed by Canada and Mexico. Germany, France, and Italy are the key countries in the European market. Asia-Pacific is estimated to be a potential market for 3D PA (polyamide) in future. This growth can be attributed to the presence of emerging economies such as China, India, Taiwan, and others as well as the growth in end user industries such as automotive, healthcare, and others in this region.
Key Market Players include 3D Systems Corporation, Stratasys ltd., Evonik Industries AG, Arkema SA, EOS GmbH, CRP Group, Golden Plastics, among others.
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