The 3D printing filament market is expected to reach USD 14.49 billion by 2028, according to a new report from Reports and Data.
NEW YORK CITY, NY, UNITED STATES, Oct. 8, 2021 /EINPresswire.com/ – The Global 3D Printing Filaments Market Research Report published by Reports and Data is a survey study that provides analysis Industry-wide current and emerging growth trends, end-use analysis and other key data verified and validated by industry experts and professionals. The report covers detailed analysis of the market size, market share, revenue growth, and CAGR over the forecast period. The report contains the initial and future assessment of the pandemic on the industry and offers a futuristic perspective of a post-COVID-19 scenario.
One of the main components of the thermoplastic raw material for molten deposition modeling 3D printers is the 3D printing filament. It encourages manufacturers to develop multi-property materials for the 3D printing filament by extruding, heating and cooling materials such as metals, plastics or ceramics to convert the nurdles into the finished product. The increasing adoption of 3D printing technology has made it easier to use advanced filament materials for printing. For example, Stratasys, Ltd. launched Antero 800NA in 2018, a PEKK-based material used in the FDM process. This product mainly focuses on aerospace parts and high performance vehicle companies. This product enhances Stratasys 3D materials product portfolio for commercial use.
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Accelerated prototyping is widely accepted as a technology for product design, prototyping, product sampling, and concept modeling until the later stages of manufacturing, thereby increasing the growth of the 3D printing filaments market. 3D printing is considered one of the most important disruptive technologies of this century, moving from prototyping to a potential production process in several industries. 3D printing is expected to have a positive influence on several end-use industries, such as automotive, healthcare, aerospace and defense, and consumer goods.
The North America region market represents the largest share of 31.3% of the market in 2018. The presence of large organized players in this region contributes to the significant share. These organizations are boosting their efforts to align with market trends. Metal powder producers and suppliers are investing in capacity development to meet growing demand from their end users.
The major players in the 3D printing filament market are BASF 3D Printing Solutions GmbH, Arkema SA, HÃ¶ganÃ¤s AB, D Systems Corporation, The Exone Company, Royal Dsm NV, Stratasys, Ltd., EOS GmbH Electro Optical Systems, Sandvik AB, Materialize NV, Evonik Industries AG, Dowdupont Inc., Oxford Performance Materials.
The report is an in-depth study of key industry elements such as market segmentations, economic scenario, competition landscape, industry chain analysis, upstream raw materials and downstream buyers, and macro and microeconomic factors. It further studies the impact on regional and national industry, segmentation growth, market share, changes in competitive landscape, sales and impact on national players.
The growing demand for cosmetics and personal care products such as soaps, the growing need for pesticides and high-quality agricultural chemicals, and the growing demand for raw materials from various end-use industries such as automotive, building and construction and packaging, among others, have significantly contributed to the market’s revenue growth. The increasing number of manufacturers, producers and companies in the market is also a key factor in the growth of the market.
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Other key findings from the report suggest
The 3D printing filament market is expected to reach USD 14.49 billion by 2028, at a CAGR of 26.8% during the forecast period.
The plastics segment accounts for the largest 36.7% share of the market in 2018.
The medical and dental end user segment is expected to grow at the highest rate of 27.5% during the forecast period. Several factors, such as technological advancements and the development of healthcare infrastructure, are impacting global 3D printing in the healthcare segment.
The aerospace and defense end-user segment is expected to grow at a CAGR of 26.9% during the forecast period.
The Asia-Pacific region is expected to grow at the highest CAGR of 27.2% during the forecast period. The 3D Printing Filament market is expected to experience increasing demand from India, China, and other countries in the Asia-Pacific region. The increase in consumer products, automobile, healthcare and other businesses in countries in the region will allow the market to gain momentum during the forecast period.
The market in this region is expected to experience increasing demand for polymers due to the increasing demand for desktop printers.
The significant key trend in the 3D Printing Filament Market is the expansion of business. Several companies build machines for R&D as well as material production, serving to further industrialize the technology.
For example, ESUN collaborated with 3D printer and service provider Sindoh in Korea in June 2018. Esun assisted Sindoh in the distribution and marketing of Sindoh 3D printers in the Chinese market for the sale of its eSun filaments. This collaboration has helped the two companies increase their presence in Korea’s untapped market.
Various players are developing strategies to mark their presence in the industry.
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For the purpose of this study, reports and data segmented the market on the basis of form, material, end-users, application, and region:
Material Outlook (Volume, Kilotons; and Revenue, USD Million; 2018-2028)
End User Outlook (Volume, Kilotons; and Revenue, USD Million; 2018-2028)
Aeronautics & Medical Defense
Medical and dental
Application Outlook (Volume, Kilotons; and Revenue, USD Million; 2018-2028)
Regional Outlook (Volume, Kilotonnes; and Revenue, USD Million; 2018-2028)
Middle East and Africa
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