The global 3D printing filaments market accounted for a value of USD 710 million in 2019. 3D printing filaments market projected to register growth at a CAGR of 23.3% during forecast period.
COVID-19 has impacted the 3D printing filaments market as the manufacturing plants have to halt or shut it facilities for months due to lockdown in major countries of the world. The supply chain of raw materials and finished products got disrupted due to travel restriction. 3D printing filaments products are used for medical applications due to growing demand for medical components such as swabs, ventilators splitters, face masks and others. Various end-users has shifted from conventional to medical equipments production due to spread of corona virus.
For more details, visit: Global 3D Printing Filaments Market By Type (Plastics, Metals, Ceramics, Others), By End-Users (Aerospace & Defense, Automotive, Medical & Dental, Electronics, Others) By Region, Forecast & Opportunities to 2026
Various end-users industries are adopting 3D printing filament as it reduces manufacturing cost, operating time and allows mass production of industrial goods. Many benefits of 3D printing filaments made many end-users industries adopting this which increases demand for 3D printing market and drives growth in this market during forecast period.
On the basis of type, the 3D printing filaments market is segmented into plastics, metals, ceramics and others. The plastics segment is estimated to lead the market during forecast period. The plastics are highly available for production of 3D printed objects and it has high compatibility of the material with FDM printers. Plastics are used in various applications and it is adopted by various end-users industries. The plastics are available at low prices and this drives growth in plastics segment during forecast period.
On the basis of end-users, the 3D printing filaments market is segmented into aerospace & defense, automotive, electronics, medical & dental and others. Medical & dental segment is estimated to foresee highest growth during forecast period. The demand for plastics filaments is increasing in various applications such as medical devices and components, prosthetics and implants. The use of PLA is increasing in printing of prosthetics and implants as PLA is approved and biodegradable material for medical use. The medical & dental segment use filaments at large scale to fulfill the demands for users. This drives growth in medical & dental end-users industry during forecast period.
North America region is estimated to dominate the market for 3D printing filaments during forecast period. The demand for 3D printing filaments is increasing across various end-users such as aerospace, medical, defense, automotive and others in this region. This region is the largest consumer of 3D printing filaments. This printing is used for printing complex parts like engine parts, jet wings and metal guns etc. Various manufacturers of 3D printing filaments are establishing their foot in this region. This drives growth in Asia-Pacific region during forecast period.
The key market players in 3D printing filaments market are 3D systems Corporation, Stratasys Ltd., Arkema SA, Koninklijke DSM, Materialise NV, Evonik Industries AG, Saudi Basic Industries Corporation, HP Inc., Dupont DE Nemours, EOS GMBH-Electro Optical Systems, BASF 3D Printing Solutions, Shenzhen Esun Industrial Co., Envisiontec GMBH, CRP Technologies S.R.L, Oxford Performance Material Inc., and Wipro 3D.
- What are the expected industry trends over the next three to five years?
- Which of the 3D printing filaments type is likely to lead by 2025?
- Which of the end-user segments is expected to have the maximum potential to during the forecast period?
- Which region is going to have the highest smart meters market share by 2025?
- What are different organic and inorganic strategies implemented by companies to gain increased market share?