The aerospace and aviation industries are increasingly using 3D printing high-performance plastics to produce aircraft components as they help in reducing weight, increasing strength, and developing complex and customized designs of such parts. The surging demand for aircraft to ferry a large number of passengers and extensive volume of goods will, therefore, create an extensive requirement for 3D printing high-performance plastics in the foreseeable future. With the soaring disposable income and worsening work-life balance, people are opting for air travel, owing to which the aerospace and aviation sectors are witnessing significant growth.

Moreover, the increasing shift of the industrial sector from traditional manufacturing to 3D printing is expected to contribute to the prosperity of the 3D printing high-performance plastics market during the forecast period (2021–2030). According to P&S Intelligence, the market generated around $73.5 million revenue in 2020. In comparison to traditional manufacturing, mass production through 3D technology is cheaper. Moreover, the deployment of 3D technology helps in the creation of complex shapes without additional costs and offers zero material wastage.

The application segment of the 3D printing high-performance plastics market is classified into functional part manufacturing, prototyping, and tooling. Among these, the prototyping category generated the highest revenue in 2020, and it is projected to maintain its dominance in the forecast years as well. This can be ascribed to the ability of 3D printers to rapidly create multiple replicas of a design through product testing, thereby, saving a considerable amount of money and time in running the tests with a functional prototype.

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