High Temperature 3D Printing Plastics Market Driven Is By Aerospace, Healthcare And Automotive Industry | CAGR 13.0% | Grand View Research, Inc.
According to a new report published by Grand View Research, favorable growth in the automotive industry is likely to contribute significantly to the demand for high temperature 3D printing plastics in the forthcoming years.
The global high temperature 3D printing plastics market size was estimated at USD 354.46 million in 2018 and is expected to register a CAGR of 13.0% over the forecast period. Rising demand from the automotive industry significantly drives market growth. Factors such as ease in customized product development and favorable government policies and investments, especially in developing economies such as China, India, South East Asian countries are anticipated to augment the market growth. Recent developments in the additive manufacturing industry have created huge avenues for the growth of the automotive industry and facilitated the development of innovative, stronger, lighter, and safer components & parts with lesser lead