Vancouver, Dec. 12, 2023 (GLOBE NEWSWIRE) -- The global Three Dimensional (3D) printing filament market is experiencing a robust growth trajectory, with a market size of USD 1.23 billion in 2022 and an anticipated rapid revenue Compound Annual Growth Rate (CAGR) of 27.6% during the forecast period. Key drivers include the increasing use of 3D printing filaments in the automotive and aerospace industries, a rising demand for mass communication applications, and the myriad benefits offered by 3D printing technology, such as reduced operating time and lower manufacturing costs.
Governments worldwide are actively supporting the adoption of 3D printing, contributing to market growth. Notably, the US Air Force's funding for Aerojet Rocketdyne's development of 3D printing engines and the 2021 U.S. military budget's allocation for defense-related 3D printing research underscore this trend. Furthermore, the additive manufacturing method, particularly for producing prosthetics and dental attachments, is a driving force, along with the adoption of 3D printers for educational and developmental purposes.
However, the market faces challenges related to potential health hazards for workers due to particles emitted during 3D printing. These hazards include respiratory and neurological issues, emphasizing the need for proper safety measures.
Request Free Sample Copy (To Understand the Complete Structure of this Report [Summary + TOC]) @ https://www.emergenresearch.com/request-sample/2562
Material Insights: Plastic Dominates the Market
The plastic segment led the global 3D printing filament market in 2022, securing the largest revenue share. Government initiatives supporting the integration of 3D printing filaments in different industries, such as healthcare and automotive, have fueled the extensive use of plastics. The benefits associated with 3D printing filaments in plastics, including enhanced production rates, cost savings, and product customization, have further driven demand.
End-use Insights: Medical & Dental Segment Steadily Grows
The medical & dental segment is poised for steady revenue growth during the forecast period. The increasing use of biodegradable PLA in printing implants and prosthetics, along with the adoption of 3D printing technology for medical applications, contributes to the segment's growth. 3D printing filaments are utilized in creating various medical products, including prosthetics, implants, scaffolds, and surgical instruments.
Application Insights: Prototyping Leads the Way
The prototyping segment is expected to hold a significantly large revenue share in the global 3D printing filament market. Accelerated prototyping for the final steps of manufacturing is on the rise, positioning 3D printing as a disruptive technology across industries such as automotive, healthcare, aerospace, and consumer goods.
Regional Insights: North America Leads, Asia Pacific Emerges
North America accounted for the largest revenue share in 2022, attributed to technological advancements in the 3D printing plastic industry and government support. The Asia Pacific market is anticipated to register the fastest revenue growth rate, driven by the adoption of large-format pellet extrusion 3D printing and technological advancements. Notable collaborations, like 3D Systems and SWANY in Japan, are enhancing the adoption of 3D printing in the Asia-Pacific region.
Europe is expected to account for a considerable revenue share, driven by the rising adoption of 3D prototype parts in the automotive industry. Countries like Germany, the UK, France, Italy, and Sweden, known for their technological advancements, are fostering an environment conducive to the implementation of 3D printing technology.
The 3D printing filament market is evolving rapidly, propelled by technological innovations, increasing applications, and supportive government initiatives. As the market continues to expand, stakeholders are urged to prioritize safety measures to mitigate potential health hazards.
Emergen Research is Offering Limited Time Discount (Grab a Copy at Discounted Price Now) @ https://www.emergenresearch.com/request-discount/2562
Scope of Research
| Report Details | Outcome |
| Market Size in 2022 | USD 1.23 Billion |
| CAGR (2023–2032) | 27.6% |
| Revenue Forecast To 2032 | USD 14.07 Billion |
| Base Year For Estimation | 2022 |
| Historical Data | 2019–2021 |
| Forecast Period | 2023–2032 |
| Quantitative Units | Revenue in USD Million and CAGR in % from 2023 to 2032 |
| Report Coverage | Revenue forecast, company ranking, competitive landscape, growth factors, and trends |
| Segments Covered | Materials, end-use, application, and region |
| Regional Scope | North America, Europe, Asia Pacific, Latin America, and Middle East & Africa |
| Country Scope | U.S., Canada, Mexico, Germany, France, UK, Italy, Spain, Benelux, Rest of Europe, China, India, Japan, South Korea, Rest of APAC, Brazil, Rest of LATAM, Saudi Arabia, UAE, South Africa, Turkey, and Rest of and Middle East & Africa |
| Key Companies Profiled | BASF, Arkema, Höganäs AB, 3D Systems, Inc., DuPont, OXFORD PERFORMANCE MATERIALS, INC., Stratasys, EOS GmbH, Sandvik AB, Evonik Industries AG, Materialise, and Dow |
| Customization Scope | 10 hours of free customization and expert consultation |
Major Companies and Competitive Landscape
The global 3D printing filament market is fragmented, with large and medium-sized players accounting for the majority of market revenue. Major players are deploying various strategies, entering into mergers & acquisitions, strategic agreements & contracts, developing, testing, and introducing more effective 3D printing filament products in the market. Some of the major companies included in the global 3D printing filament market report are:
- BASF
- Arkema
- Höganäs AB
- 3D Systems, Inc.
- DuPont
- OXFORD PERFORMANCE MATERIALS, INC.
- Stratasys
- EOS GmbH
- Sandvik AB
- Evonik Industries AG
- Materialise
- Dow
Strategic Development
- On 24 July, 2023, Poland-based Zortrax revealed that its Endureal industrial 3D printer capable of utilizing a flame-resistant BASF Ultrafuse PPSU filament, which holds certification for railway industry applications. According to Zortrax, PPSU demonstrates excellent performance in extreme thermal environments and displays notable resistance to fire and chemicals, thereby rendering it suitable for applications in hydraulic and aerospace domains as well.
- On 31 December 2020, Stratasys, a 3D startup completed the acquisition of Origin. The acquisition adds Origin’s software-centric Additive Manufacturing (AM) solution that offers best-in-class printing technology based on digital light processing for production-oriented polymer applications.
Direct Order Can Be Placed Through This Link [Exclusive Copy] @ https://www.emergenresearch.com/select-license/2562
For the purpose of this report, Emergen Research has segmented the global 3D printing filament market on the basis of materials, end-use, application, and region:
- Materials Outlook (Revenue, USD Billion; 2019-2032)
- Plastic
- Acrylonitrile Butadiene Styrene (ABS)
- Polylactic Acid (PLA)
- Polyamide (PA)
- Thermoplastic Elastomer (TPE)
- Photopolymers
- Metal
- Glass
- Fused Silica
- Quartz
- Others
- Ceramic
- Titanium
- Aluminum
- Nickel
- Stainless Steel
- Others
- Plastic
- Application Outlook (Revenue, USD Billion; 2019-2032)
- Manufacturing
- Prototyping
- Others
- End-use Outlook (Revenue, USD Billion; 2019-2032)
- Aerospace & Defense Medical
- Automotive
- Medical & Dental
- Consumer Electronics
- Others
- Regional Outlook (Revenue, USD Billion; 2019–2032)
- North America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- France
- UK
- Italy
- Spain
- Benelux
- Rest of Europe
- Asia Pacific
- China
- India
- Japan
- South Korea
- Rest of APAC
- Latin America
- Brazil
- Rest of LATAM
- Middle East & Africa
- Saudi Arabia
- UAE
- South Africa
- Turkey
- Rest of Middle East & Africa
- North America
Browse Full Report Description + Research Methodology + Table of Content + Infographics@ https://www.emergenresearch.com/industry-report/3d-printing-filament-market
Curated Reports You Shouldn't Miss: Dive In Now!
Methanol Market, By Feedstock (Coal, Natural Gas, and Others), By Derivative (Formaldehyde, Gasoline, and Others), By End-Use (Automotive, Construction, Electronics, and Others), and By Region Forecast to 2032
Polyols Market, By Type (Polyether Polyols and Polyester Polyols), By Application (Adhesives and Sealants, Coatings, Elastomers, and Rigid Foam), By End-Use (Construction, Packaging, Automotive, and Others), and By Region Forecast to 2032
Chlor Alkali Market, By Type (Chlorine and Caustic Soda), By Application [Aluminum Process, Ethylene Dichloride (EDC)/Polyvinyl Chloride (PVC)], Chemical processing, Pulp & Paper, and Others), By Region Forecast to 2032
Solvent Grade Isododecane Market, By Application (Cosmetics and Personal Care, Paints and Coatings, Others), By Type (Normal Isomer, High Purity Isomer), By Region Forecast to 2032
Diamond Market, By Product (Natural and Synthetic), By Nature (Colorless and Colored), By Application (Industrial and Jewelry), and By Region Forecast to 2032
About Emergen Research
Emergen Research is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target, and analyze consumer behavior shifts across demographics, across industries, and help clients make smarter business decisions. We offer market intelligence studies ensuring relevant and fact-based research across multiple industries, including Healthcare, Touch Points, Chemicals, Types, and Energy.
Contact Us:
Eric Lee
Corporate Sales Specialist
Emergen Research | Web: https://www.emergenresearch.com/
Direct Line: +1 (604) 757-9756
E-mail: sales@emergenresearch.com
Explore Our Blogs and Insights Section: https://www.emergenresearch.com/insights
