Market Size in 2023 | Market Forecast in 2032 | CAGR (in %) | Base Year |
---|---|---|---|
USD 1.43 Billion | USD 10.41 Billion | 24.66% | 2023 |
According to the report published by Zion Market Research, the global 3D Printing Filament Market size was valued at USD 1.43 Billion in 2023 and is predicted to reach USD 10.41 Billion by the end of 2032. The market is expected to grow with a CAGR of 24.66% during the forecast period. The report analyzes the global 3D Printing Filament Market's growth drivers, restraints, and impact on demand during the forecast period. It will also help navigate and explore the arising opportunities in the 3D Printing Filament industry.
3D printing is an additive manufacturing process that is used for accomplishing solid 3D objects by adding more layers of materials to build the object. Moreover, the device utilized for the process is called 3D printers. Moreover, 3D technology delivers advanced designs with high precision and accuracy.
One of the major factors driving the global 3D printing filament market is the growing demand for 3D printing filament. The increasing demand can be attributed to surging applications in the defense and aerospace sectors majorly for prototyping and design communications. 3D printing filament is a kind of thermoplastic feedstock utilized for fused filament fabrication or fused deposition modeling. The utilization of filament for printing a large number of materials at the same time is driving the growth of the global 3D printing filament market.
Moreover, the affordable price of filaments coupled with convenient use providers has positively shaped the trajectory of the global 3D printing filament market. The growing research and development activities to innovate biodegradable and multi-property materials are creating lucrative growth opportunities in the global 3D printing filament market and are attracting newbies to step into the market. 3D printers are playing a vital role in the healthcare industry. They are widely used in the applications like airway splints, replacing burnt skin, dental surgery, and many more. Moreover, the growing disposable income of people across the globe is further fueling the growth of the market globally.
The global 3D printing filament market can be segmented into application, type, form, size, and region.
By applications, the market can be segmented into healthcare, automotive, aerospace & defense, industrial, and others. The aerospace & defense sector accounts for the largest share in the global 3D printing filament market owing to its high utilization in the production of design prototypes.
By type, the market can be segmented into plastics, metals, ceramics, and others. The plastics material segment holds hegemony over others due to the growing demand for plastic 3D printing. The surge in demand can be attributed to the easy manufacturing process and high capability to fuse at any surface.
The plastic type segment can further be segmented into polyethylene terephthalate glycol (PETG), acrylonitrile butadiene styrene (ABS), acrylonitrile styrene acrylate (ASA), polylactic acid (PLA), and others. Polylactic acid (PLA) dominates the plastic materials segment. Moreover, the material is biodegradable and thus is preferred over others.
The metal type segment can further be bifurcated into nickel, stainless steel, aluminum, titanium, and others. The titanium holds hegemony over others.
The ceramics type segment can further be bifurcated into quartz, fused silica, glass, and others. The glass type accounts for the largest share in the ceramic segment.
By form, the market can be segmented into liquid, filaments, and powder.
By size, the market can be segmented into 1.75mm and 2.85mm.
Report Attributes | Report Details |
---|---|
Report Name | 3D Printing Filament Market |
Market Size in 2023 | USD 1.43 Billion |
Market Forecast in 2032 | USD 10.41 Billion |
Growth Rate | CAGR of 24.66% |
Number of Pages | 215 |
Key Companies Covered | MG Chemicals, Oxford Performance Materials, Inc., EnvisionTEC GmbH, CRP Technology S.r.l., Shenzhen Esun Industrial Co., Ltd., EOS GmbH - Electro Optical Systems, HP Inc., BASF 3D Printing Solutions GmbH, DuPont de Nemours, Inc.,3D Systems Corporation, Saudi Basic Industries Corporation, Arkema SA, LPW Technology Ltd., Keene Village Plastics, Forefront Filament, AIRWOLF 3D PRINTERS, WIPRO ENTERPRISES PVT. LTD., Oxford Performance Materials, ENVISIONTEC, INC., BASF SE, HP Development Company, L.P., Evonik Industries, and 3D Systems, Inc |
Segments Covered | By application, By type, By form, By size and By Region |
Regions Covered | North America, Europe, Asia Pacific (APAC), Latin America, Middle East, and Africa (MEA) |
Base Year | 2023 |
Historical Year | 2018 to 2022 |
Forecast Year | 2024 - 2032 |
Customization Scope | Avail customized purchase options to meet your exact research needs. Request For Customization |
North America holds the largest share in the global 3D printing filament market due to the increasing investments particularly from the aerospace and defense sector for the developments and innovations of the advanced model and high-end designs of spaces panels, spare parts, circuit boards, and many more.
Europe is expected to witness huge growth with a high CAGR during the forecast period.
Some of the significant players in the global 3D printing filament market are :
The Global 3D Printing Filament Market is segmented as follows:
By application
By type
By form
By size
What Reports Provides
FrequentlyAsked Questions
One of the major factors driving the global 3D printing filament market is the growing demand for 3D printing filament. The increasing demand can be attributed to surging applications in the defense and aerospace sectors majorly for prototyping and design communications. 3D printing filament is a kind of thermoplastic feedstock utilized for fused filament fabrication or fused deposition modeling.
Some of the significant players in the global 3D printing filament market are MG Chemicals, Oxford Performance Materials, Inc., EnvisionTEC GmbH, CRP Technology S.r.l., Shenzhen Esun Industrial Co., Ltd., EOS GmbH - Electro Optical Systems, HP Inc., BASF 3D Printing Solutions GmbH, and DuPont de Nemours, Inc.
North America holds the largest share in the global 3D printing filament market due to the increasing investments particularly from the aerospace and defense sector for the developments and innovations of the advanced model and high-end designs of spaces panels, spare parts, circuit boards, and many more.
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