Market Research Future (MRFR) has published a cooked research report on the “3D Printing Filaments Market” that contains information from 2018 to 2030. The 3D Printing Filaments Market is estimated to register a CAGR of 24.6% during the forecast period of 2023 to 2032.
MRFR recognizes the following companies as the key players in the global 3D Printing Filaments Market Dow, DuPont Inc (US), Merck KGaA (Germany), Arkema S.A. (France), Evonik Industries AG (Germany), DSM (The Netherlands), Stratasys Ltd (Israel), SABIC (Saudi Arabia), Clariant (Switzerland), BASF SE (Germany), Eastman Chemical Company (US), and Markforged, Inc (US)
The global 3D Printing Filaments Market is accounted to register a CAGR of 24.6% during the forecast period and is estimated to reach USD 9.02 billion by 2032.
The 3D printing filaments market refers to the industry that produces and sells the materials used as feedstock in 3D printing, also known as additive manufacturing. 3D printing filaments are the materials that are extruded through a 3D printer's nozzle to create the final 3D printed objects. These filaments come in various types, each with its own unique properties, suitable for different applications and industries.
The global 3D Printing Filaments Market has been segmented based on Material Type, and End-use.
The 3D Printing Filaments market segmentation, based on material type, includes ABS, Polylactic Acid, Polyvinyl alcohol, Polyethylene terephthalate, Sandstone, Nylon, Carbon Fiber, Others. The ABS segment held the majority share in 2021 contributing to around ~32.33% with respect to the 3D Printing Filaments market revenue. ABS filament has a wide range of mechanical qualities, making it an excellent choice for industrial applications. It is perfect for the production of plastic items for a variety of industrial applications. ABS plastic is a solid solution for swiftly and efficiently constructing diverse industrial goods, from prototypes to vital pieces.
The 3D Printing Filaments market segmentation, based on End-use, includes Aerospace & Defense, Healthcare, Automotive, Electrical & Electronics, and Others. The Aerospace & Defense segment dominated the market in 2021 and the Healthcare segment is projected to be the faster-growing segment during the forecast period, 2022-2030. This is due to 3D printing technology using different filaments allowing the creation of tissues and organoids, surgical tools, patient-specific surgical models, and custom-made prosthetics as applications in the medical and dental industry. These 3D-printed objects are significantly contributing to the advancement and development of the industry. Hence, rising applications of 3D Printing Filaments in healthcare Aerospace & defense will positively impact market growth.
The global 3D Printing Filaments Market, based on region, has been divided into North America, Europe, Asia-Pacific, Latin America and Middle East & Africa. Asia-Pacific 3D Printing Filaments market accounted for USD 0.45 billion in 2021 and is expected to exhibit an 23.64% CAGR during the study period. This is attributed to the robust growth of the aerospace & defense, automotive and other industries in China, India, and Indonesia is fueling the demand for 3D Printing Filaments. Further, the major countries studied are: The U.S, Canada, Germany, France, UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil.
North America 3D Printing Filaments market accounts for the second-largest market share due to growing automotive industry in the region. Its advantage is the ability to use a wide range of materials with qualities like plastics. Prototyping of components, tooling, jigs & fixtures, low volume parts production, end-user customization, and customized parts, and small batch or on-demand fabrication of spare parts for historic automobiles and discontinued models are some examples of automotive 3D printing uses. 3D printers in automotive design empower companies to try multiple options and iterations in the development stages, leading to optimum and efficient automobile design. Manufacturers have the agility to make design changes on the fly, helping them stay in tune with market requirements and ahead of the competition. Further, the USA 3D Printing Filaments market held the largest market share, and was the fastest growing market in the region
The Europe 3D Printing Filaments Market has a market share of 22%-24% in the 3-D printing filament market. This is due to favorable government initiatives towards use of 3-D printing technology in various end-use applications. European countries such as Germany, the UK, Italy, and France are adopting AM for end parts, especially in the aerospace and healthcare industries. Some countries have also developed a national strategy for AM as a part of their advanced manufacturing and Industry 4.0 plans. The Russian Federation has huge potential for 3D printing but needs a lot of R&D to identify suitable applications and implement relevant solutions. The aforementioned factors are the key drivers of the regional market. Moreover, Germany 3D Printing Filaments market held the largest market share, and was the fastest growing market in the European region.
Key Findings of the Study