The 3D PA (polyamide) market consisting of PA11 and PA12 is forecasted based on two scenarios as its growth is primarily based on the adoption of 3D printing technology by end-use industries. Scenario one represents comparatively normal growth whereas scenario two projects exponential growth. Scenario one predicts a comparatively normal growth of USD 48.6 Million by 2020, at a CAGR of 26.59% from 2015 to 2020, whereas scenario two predicts market to reach USD 85.1 Million by 2020, at a CAGR of 41.2% from 2015 to 2020.
The report "Polyamide 11 & 12 Market in 3D Printing by Polyamide Type (PA 11, PA 12), End User Industry (Aerospace & Defense, Healthcare, Consumer Goods, Automotive) and Geography (North America, Europe, Asia-Pacific, Rest of World) - Global Forecast to 2020".
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The years considered for the study are:
Base Year – 2014
Estimated Year – 2015
Projected Year – 2020
Forecast Period – 2015 to 2020
PA12 is expected to dominate 3D PA (polyamide) market due to large number of grades to meet the different requirements
PA12 is expected to dominate the market due to availability of large number of grades such as fire resistant, impact resistant, glass filled, and others. PA12 has a large supply base which makes it a suitable option to be used as a laser sintering powder in 3D printing. PA11 primarily developed by Arkema SA is expected to register the fastest growth with increasing demand for bio-based versions of polyamides.
The rate of adoption in automotive industry in near future is expected to define 3D PA (polyamide) market
The automotive industry provides high prospects for the growth of 3D PA (polyamide) market. With mass production using techniques such as injection molding, automotive industry is a strategically big market for 3D printing. The demand for 3D printing is expected to rise when the impetus of automotive industry shifts from mass production to mass customization.
North America market for 3D PA (polyamide) is expected to register high growth due to increased rate of adoption in end-use industry. Mexico is an emerging market in the region are the key countries in region. North America is also the biggest market for PA11 and PA12 along with Europe. Europe has large number of suppliers of PA11 and PA12. Asia-Pacific is an emerging market for the same.
The key players operational in the market include 3D Systems (U.S.), EOS GmbH (Germany), Arkema SA (France), Evonik AG (Germany), Stratasys (U.S.), and others.