Global 3D Printing Filament Market, By Material (Plastics, Metals, Ceramics, Others), Application (Industrial, Aerospace and Defense, Automotive, Healthcare, Others), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, U.A.E, Saudi Arabia, Egypt, South Africa, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2028
Market Analysis and Insights : Global 3D Printing Filament Market
The 3D printing filament market is expected to witness market growth at a rate of approximately 28.10% in the forecast period of 2021 to 2028 and is expected to reach USD 6,678.37 million by 2028. Data Bridge Market Research report on 3D printing filament market provides analysis and insights regarding the various factors expected to be prevalent throughout the forecast period while providing their impacts on the market’s growth. The increasing application of the technique in various end user industries such as automotive and aerospace and defense industry among others is escalating the growth of 3D printing filament market.
Several forms of materials are used for 3D printing technology and advanced filament material for extrusion 3D printing. The 3D technology is known to deliver a design quickly with high accuracy. This printing technology assists the designers in making precise decisions in selecting manufacturing methods and facilitates with purpose of providing an optimal product. Manufacturers of 3D printing filament emphasize engineered formulation blends and customer offered compounds and private labeling with 3D printers.
The increasing application of the 3D printing technology in various industries, the rise in need for advanced materials and the designing of new and innovative material by various 3D printing filament manufacturers are the major factors driving the 3D printing filament market. The rise in demand for advanced 3D printing filament material in the various end use industries, increasing need for material quality coupled along with high performance, and surge in research and development activities to develop 3D printing filament material with superior thermal, electrical, performance and chemical to cater the requirements of industries such as consumer goods, defense and aerospace accelerate the 3D printing filament market growth. The manufacturers providing advanced and innovative eco-friendly material solutions, rising demand for eco-friendly polylactic acid (PLA) material because of bio-degradable nature and rising acceptance rate of advanced technologies influence the 3D printing filament market. Additionally, rise in demand for 3D printed filaments from the aerospace and automotive industries, government initiatives to support the adoption of 3D printing, availability of biodegradable 3D printing filaments and high demand for 3D printing filaments for mass customization positively affect the 3D printing filament market. Furthermore, the surge in research and development activities and rise in applications of 3D printing metal filaments in various end-use industries extend profitable opportunities to the 3D printing filament market players in the forecast period of 2021 to 2028.
On the other hand, high cost of 3D printing ceramics due to low consumption volumes, environmental concerns regarding 3D printed plastic products and health hazards for workers from 3D printing filaments are factors expected to obstruct the 3D printing filament market growth. The limited number of developments in ceramics when compared with metals and plastics and high manufacturing cost of commercial grade 3D printing are projected to challenge the 3D printing filament market in the forecast period of 2021 to 2028.
This 3D printing filament market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographical expansions, technological innovations in the market. To gain more info on 3D printing filament market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
3D Printing Filament Market Scope and Market Size
The 3D printing filament market is segmented on the basis of material and application. The growth amongst the different segments helps you in attaining the knowledge related to the different growth factors expected to be prevalent throughout the market and formulate different strategies to help identify core application areas and the difference in your target markets.
- On the basis of material, the 3D printing filament market is segmented into plastics, metals, ceramics and others. Metals are further segmented into titanium, aluminum, stainless steel, nickel and others. Ceramics are further segmented into glass, fused silica, quartz and others.
- On the basis of application, the 3D printing filament market is segmented into industrial, aerospace and defense, automotive, healthcare and others.
Global 3D Printing Filament Market Country Level Analysis
The 3D printing filament market is analyzed and market size, volume information is provided by country, material and application as referenced above.
The countries covered in the global 3D printing filament market report are the U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
North America dominates the 3D printing filament market due to the rise in investment by the aerospace and defense sector for the manufacturing of high-end designs and models for critical components including circuit boards, spare parts and spacer panels among others. Europe is expected to witness significant CAGR during the forecast period of 2021 to 2028 because of the increasing manufacturing of aircraft and automotive components in the region.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and 3D Printing Filament Market Share Analysis
The 3D printing filament market in the region competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to 3D printing filament market in the region.
The major players covered in the 3D printing filament market report are 3D Systems, Inc., Stratasys Ltd., Arkema, DSM, Materialise, Evonik Industries, SABIC, HP Development Company, L.P., DuPont, EOS, BASF SE, Shenzhen Esun Industrial Co., Ltd., ENVISIONTEC, INC., CRP TECHNOLOGY S.r.l., Oxford Performance Materials, WIPRO ENTERPRISES PVT. LTD., Markforged, MCPP, AIRWOLF 3D PRINTERS, Forefront Filament, Keene Village Plastics among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
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