The World Air Transport Statistics’ Plus Edition 2021, released by the International Air Transport Association (IATA), reveals that revenue passenger-kilometres and cargo tonne-kilometers stood at 2,986,993 million and 231,342 million, respectively in 2021. The rising air traffic is resulting in the large-scale production of aircrafts, owing to which the aerospace and aviation sector is using a massive volume of 3D printing high-performance plastics, which are used to manufacture lightweight, complex, sturdy, and customized components of aircraft.
Additionally, the rising need for mass customization, on account of the evolving needs of customers, will help the 3D printing high-performance plastics market progress during 2021–2030. According to P&S Intelligence, the market generated a revenue of $73.5 million in 2020. The increasing shift of production units to 3D printing from traditional manufacturing can be attributed to the zero-material wastage, greater customizability, and low cost associated with the technology. 3D printing technology helps create complex designs without additional costs.
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Different types of 3D printing high-performance plastics are available in powder and filament and pellet forms. In the preceding years, filament and pellet variants of these plastics were adopted in higher quantities due to their high popularity among end users performing the fused deposition modeling (FDM) process. Some of the prominent users of such plastics are Saudi Basic Industries Corporation (SABIC), 3D Systems Corporation, Oxford Performance Materials, Evonik Industries AG, Solvay, Stratasys Ltd., Victrex plc, Royal DSM N.V., EOS GmbH Electro Optical Systems, and Arkema S.A.
In recent years, producers of 3D printing high-performance plastics have been involved in partnerships to reach out to a greater number of customers. For instance, in March 2021, Stratasys Ltd. partnered with Xometry to offer a wide range of novel high-performance nylon materials to customers. With this partnership, the customer base of Xometry, which includes Fortune 100 companies and startups, were able to tap into the expertise and massive manufacturing capacity of Stratasys Direct in selective laser sintering (SLS) 3D printing.