3D Printing Filament Market Analysis, Sales Share, Company Profiles, Market Launches and Forecasts to 2028
Reports and data
The 3D printing filament market is estimated at $ 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/ – Global 3D Printing Filament market research report published by Reports and Data is an investigative study that provides an industry-wide analysis of current and emerging growth trends, End use analysis and other key data that has been reviewed and validated by industry experts and professionals. The report includes detailed analysis of market size, market share, sales growth and CAGR over the forecast period. The report includes the industry’s first and future assessment of the industry’s pandemic and offers a futuristic outlook on a post-COVID-19 scenario.
One of the main elements for the thermoplastic raw material for 3D printers with fused deposition modeling is the 3D printing filament. It encourages manufacturers to develop multi-property materials for 3D printing filaments by extruding, heating, and cooling materials such as metals, plastics, or ceramics to convert nurdles into the finished product. The increasing adoption of 3D printing technology has made it easier to use advanced filament material for printing. Stratasys, Ltd. For example, launched Antero 800NA in 2018, a PEKK-based material used in the FDM process. This product mainly focuses on the aerospace parts and high performance vehicle businesses. This product enhances Stratasys’s 3D material product portfolio in the commercial space.
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Accelerated prototyping is widely accepted as a technology for product design, prototyping, product sampling, and concept modeling all the way to the final manufacturing steps, increasing the growth of the 3D printing filament market. Considered one of the most significant disruptive technologies of this century, 3D printing is shifting from prototyping to a potential production process across multiple industries. 3D printing is expected to have a positive impact on multiple end-user industries such as automotive, healthcare, aerospace and defense, and consumer products.
The market in the North America region had the largest market share in 2018 with 31.3%. The presence of large organized players in this region contributes to the large share. These organizations stimulate their attempts to follow market trends. Metal powder manufacturers and suppliers are investing in capacity expansion to meet growing consumer demand.
Major players in the 3D printing filament market include BASF 3D Printing Solutions GmbH, Arkema SA, Höganäs 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 a comprehensive study of the key elements of the industry such as market segmentation, economic scenario, competitive landscape, industry chain analysis, upstream raw materials and downstream buyers, and macro and microeconomic factors. It also examines the regional and country level impact, segmentation growth, market share, changes in the competitive landscape, revenue, and the impact on domestic players.
The increasing demand for cosmetics and personal care products such as soaps, the increasing need for high-quality pesticides and agrochemicals as well as the increasing demand for raw materials from various end-use industries such as automotive, construction and packaging have contributed significantly to the sales growth of the market. The increasing number of manufacturers, producers and companies in the market is also a key factor for market growth.
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Other key findings from the report suggest that
The 3D printing filament market is estimated at $ 14.49 billion by 2028, with a CAGR of 26.8% over the forecast period.
The plastics segment had the largest market share in 2018 with 36.7%.
The medical and dental end-user segment is expected to grow at the highest growth rate of 27.5% over the forecast period. Several factors, such as advances in technology and the evolution of healthcare infrastructure, are affecting global healthcare 3D printing.
The aerospace and defense end-user segment is expected to grow at a CAGR of 26.9% over the forecast period.
The Asia-Pacific region is expected to grow with the highest CAGR of 27.2% over the forecast period. For the 3D printing filament market, increasing demand is expected from India, China and other countries in the Asia-Pacific region. The increase in consumer goods, automotive, healthcare and other businesses in the countries of the region will allow the market to gain momentum over the forecast period.
For the market in this region, an increasing demand for polymers is forecast due to the increasing demand for desktop printers.
A significant key trend in the 3D printing filament market is business expansion. Several companies are building R&D as well as material production machines to advance the industrialization of the technology.
For example, in June 2018, ESUN worked with a 3D printer and service provider Sindoh in Korea. Esun assisted Sindoh in the sales and marketing of Sindoh’s 3D printers in the Chinese market for the sale of its eSun filaments. This collaboration helped both companies to expand their position in the undeveloped market in Korea.
Different actors develop strategies to highlight their presence in the industry.
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For the purposes of this study, reports and data have segmented the market by shape, material, end-user, application, and region:
Key Outlook (Volume, Kilotons; and Revenue, MILLION USD; 2018-2028)
End User Outlook (Volume, Kilotons; and Revenue, MILLION USD; 2018-2028)
Aerospace & Defense Medicine
Medicine & Dentistry
Application Outlook (Volume, Kilotons; and Revenue, MILLION USD; 2018-2028)
Regional Outlook (Volume, Kilotons; and Revenue, Million USD; 2018-2028)
Middle East & Africa
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October 08, 2021 at 5:17 pm GMT
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