Polyamide 11 & 12 Market to exceed USD 48.6
Million by 2020
The Polyamide 11 & 12 Market in 3D Printing 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. The 3D PA (polyamide) market is projected to reach USD 48.6 Million
by 2020, at a CAGR of 26.59% from 2015 to 2020, by scenario one and USD 85.1 Million by
2020, at a CAGR of 41.2% from 2015 to 2020, by scenario two. Healthcare and aerospace &
defense are expected to contribute the largest share to this market during the forecast
period owing to the increasing use of 3D printing in manufacturing of highly customized
products.
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The increasing usage in healthcare and aerospace & defense sector for weight reduction is
one of the key factors driving the growth of 3D PA (polyamide) market. Many grades of
PA11 and PA12 can be used for medical applications. Some grades have carbon fiber
additions to increase the material strength. PA12 has a greater availability due to
established distribution system as compared to PA11 which is derived from castor seeds.
However, companies such as Arkema SA, Evonik AG, and others, dealing primarily in
specialty chemicals, have started operations in emerging markets to increase product
supply in these regions.
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.
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