Summary

Global 3D Printing Filament Material Market is expected to grow at a significant rate of around 19% during the forecast period. 3D printing filament material refers to the plastic or other materials used to create three-dimensional objects using a 3D printer. The filament is fed into the 3D printer, which heats and melts the material, and then extrudes it through a small nozzle to build up the object layer by layer. These are used in the manufacturing of electric and lighting systems such as headlamps, ignition or engine elements, electric switches, frames, and bulb sockets. Additionally, these are also used in the medical sector to produce disposable and multiple-use medical devices, probe casings, or monitors. Furthermore, many players are adding new products to the market to improve the material sustainability of the films. For instance, in May 2022, Brazilian petrochemical firm Braskem released its first line of sustainable 3D printing filaments. Factors such as the growing availability of biodegradable 3D printing filaments coupled with the growing adoption of 3D printing filament material in the aerospace and defense industry for design communication and prototyping. Major companies in the market are working toward their product portfolio by introducing better market-driven solutions. For instance, In June 2020, Koninklijke DSM N.V. acquired Clariant's 3D printing materials business, allowing it to manufacture high-performance filaments and pellets quickly based on application needs. As a result of the strategy, DSM's engineering-grade filament, pellet, and powder portfolio will be reinforced to improve speedy market-driven product development solutions.

3D Systems, Koninklijke DSM N.V., Materialise NV, Evonik Industries AG, Arkema S.A, Saudi Basic Industries Corporation, BASF 3D Printing Solutions GmbH, DuPont de Nemours Inc., EnvisionTEC, CRP Technology srl. are some of the key players in the market. Several M&As along with partnerships have been undertaken by these players to facilitate customers with hi-tech and innovative products/technologies.

Insights Presented in the Report
“Amongst type, Ceramics type is to hold a significant share of the market in 2021.”
Based on type, the market is segmented into plastics, metals, ceramics, and others. Ceramics type is to hold a significant share of the market in 2021. This is because of its unique properties, such as high strength, toughness, and heat resistance. These properties make ceramics ideal for applications that require high-performance and durable parts, such as medical implants, aerospace components, and industrial machinery parts. Additionally, ceramics as a filament material is also biocompatible, making it ideal to produce medical implants and other healthcare products. Thus, increasing the demand for ceramics in the 3D printing filament market.

“Amongst application, the aerospace & defense industry to hold a significant share in the market in 2021.”
Based on application, the market is categorized into industrial, aerospace & defense, automotive, healthcare, and others. Among these, the aerospace & defense industry will hold a significant market share in 2021. This is mainly due to the growing demand for printing materials that are strong and lightweight for mass-customizing aerospace parts and components as well as for producing many design prototypes. The aircraft industry was one of the first to use 3D printing technology to prototype and commercially create components and parts made of plastic and metal. Thus, the demand for 3D printing filament is anticipated to increase throughout the forecasted period as additive manufacturing is increasingly used to produce aerospace components around the world for cost-effective solutions.

“APAC is anticipated to grow at a substantial CAGR during the forecast period.”
In 2021, APAC is anticipated to grow at a substantial CAGR during the forecast period. This is mainly because of the growing effects of price drops and the rapid adoption of 3D printing technology, which is driving up demand for 3D printing services in prototype, product design, and concept modeling. Additionally, the region is anticipated to rise because of the early adoption and advancement of superior 3D printing technology as well as the considerable presence of manufacturers. Furthermore, the growing demand for 3D printing technology from APAC manufacturing businesses as well as numerous government-led programs and regulations in the fields of healthcare, construction, and education. Many major players are working towards increasing their business portfolio in the market of 3D printing filament market. For instance, BASF to strengthen its position in the 3D printing market and widen its sales channel with the purchase of Sculpteo.

Reasons to buy this report:
• The study includes market sizing and forecasting analysis validated by authenticated key industry experts.
• The report presents a quick review of overall industry performance at one glance.
• The report covers an in-depth analysis of prominent industry peers with a primary focus on key business financials, product portfolio, expansion strategies, and recent developments.
• Detailed examination of drivers, restraints, key trends, and opportunities prevailing in the industry.
• The study comprehensively covers the market across different segments.
• Deep dive regional level analysis of the industry.

Customization Options:
The Global 3D Printing Filament Material Market can further be customized as per the requirement or any other market segment. Besides this, UMI understands that you may have your own business needs, hence feel free to connect with us to get a report that completely suits your requirements.

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