Global 3D Printing Filament Market Size, Trends & Analysis - Forecasts to 2026 By Type (Plastic [ABS, PLA, TPE, PA, Photopolymers and Other Types (PC, PS, PVA, PEEK, PAEK, PEKK, ULTEM)], Metals [Titanium, Aluminum, Stainless Steel, Nickel and Other Metals (Copper, Gold, Silver, Bronze, Cobalt Chrome)], Ceramics [Glass, Fused Silica, Quartz and Others (Zirconia, Graphite, Clay, and Alumina), Others (Zirconia, Graphite, Clay, Alumina)] Other Types [Wax, Wood, and Paper]); By End User (Aerospace & Defense, Medical & Dental, Automotive, Electronics, Other End-Users); By Region (North America, Europe, Asia Pacific, MEA, CSA); End-User Landscape, Vendor Landscape, and Company Market Share Analysis & Competitor Analysis
3D Printing Filament Market Insights
The global 3D printing filament market will have exponential growth of 24.5% during the forecast period of 2020-2026. 3D printer filament is a certain type of thermoplastic raw material used by FFF/FDM types of printers. The filament is produced into a hundred meter of plastic thread, which is stored in form of a reel for printer feeding and storage purpose. Factors supporting the growth of the market are rising demand for products from end-user industries like automotive, defense, medical, and aerospace. High efficiency of the product, ease in customization of the product, cost-effectiveness, and rising investment from the government are the reason behind its supreme level demand. Due to its feature of safer, lighter, stronger, and low-priced components, there is a rise in demand for mass customization from top verticals which is ultimately leading to market growth.
The recent outbreak of the global pandemic has shifted the production focus of several end-users to fulfill medical emergence requirements. These plastic filaments are in great demand for the production of medical devices like ventilators splitters, face masks, swabs, and among others which opens up new opportunities for the adoption of 3D printing filament in the medical industry. However, the sudden lockdown broke the supply chain of 3D printing filaments in various manufacturing units due to comparative low demand coupling up with a slow production rate which hampered the overall business.
3D Printing Filament Market: By Type
Plastic, metals, ceramics, other types are major segments of this market. In 2019, Plastic is the largest revenue generator segment of 3D printing filament and is estimated to lead the business in the coming years. High plastic availability at a cheaper cost and excellent material compatibility with printers is the reason behind its wide range application which drives the plastic segment market.
3D Printing Filament Market: By type of End-user
Based on end-user type, the market is segmented into electronics, aerospace & defense, automotive, medical & dental, and other end-users. The medical device industry generated the highest revenue in 2019 as an end-user of 3D printing filament. The increase in vascular and osteoarthritis diseases, the cost-effectiveness of the product, improved governmental support, and ease in customization are the reason behind the demand of 3D printers in medical industries.
3D Printing Filament Market: By type of Region
Based on the region, the market is segmented into North America, Asia-Pacific, Europe, Middle East, and Africa, and Central & South America. Asia-Pacific will be the top region to grow faster than other regions. Countries like China, India, and South Korea of this region were the largest consumer of 3D printing filament of 2019 and estimated to grow even further in the coming years. North America is the second growing market for 3D printing due to the early adoption of advanced technology, the healthcare system, and increasing automotive, aerospace industries are the fuelling factors for its growth as an end-user.
3D Printing Filament Market Share and Competitor Analysis
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, Saudi Basic Industries Corporation (SABIC), Arkema SA, Evonik Industries AG, Materialise NV, Koninklijke DSM N.V, 3D Systems Corporation, Stratasys Ltd., are the prime competitors in the market.
Please note: This is not an exhaustive list of companies profiled in the report.
In August 2020, BASF 3D Printing Solutions GmbH acquired the business line XSTRAND from Ownes Corning. This acquisition helped FORWARD AM to expand its application with the advanced filament.
In May 2020, Oxford Performance Materials.Inc received an award for their product Nanoscale PEKK which is a proprietary technology. This helped the company gain visibility in the market.
3D Printing Filament Market: By Type
3D Printing Filament Market: By End-User
3D Printing Filament Market: By Region
The global 3D Printing Filament Market has been studied from the year 2017 till 2026. However, the CAGR provided in the report is from the year 2018 to 2026. The research methodology involved three stages: Desk research, Primary research, and Analysis & Output from the entire research process.
The desk research involved a robust background study which meant referring to paid and unpaid databases to understand the market dynamics; mapping contracts from press releases; identifying the key players in the market, studying their product portfolio, competition level, annual reports/SEC filings & investor presentations; and learning the demand and supply side analysis for the 3D Printing Filament Market.
The primary research activity included telephonic conversations with more than 50 tier 1 industry consultants, distributors, and end-use product manufacturers.
Finally, based on the above thorough research process, an in-depth analysis was carried out considering the following aspects: market attractiveness, current & future market trends, market share analysis, SWOT analysis of the companies and customer analytics.
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