3D Printing Filament Market - Growth, Trends, COVID-19 Impact, and Forecasts (2021 - 2026)

The 3D Printing Filament Market is segmented by Type (Metals, Plastics, and Ceramics), End-user Industry (Aerospace & Defense, Automotive, Medical & Dental, Electronics, and Others) and Geography (Asia-Pacific, North America, Europe, South America, and Middle-East and Africa)

3D Printing Filament Market Snapshot

3D Printing Filament Market
Study Period: 2016 - 2026
Base Year: 2020
Fastest Growing Market: Asia Pacific
Largest Market: North America
CAGR: >12 %

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Market Overview

The market for 3D printing filament is expected to grow at a CAGR of greater than 12% globally during the forecast period. Growing usage in manufacturing applications and mass customization associated with 3D printing are the major factors driving the market growth for 3D printing filament. However, high capital investment requirement and unfavorable conditions arising due to COVID-19 outbreak are some of the major restraints for the growth of the market.

  • Adoption of 3D printing technology in home printing is expected to offer various lucrative opportunities for the growth of the market.
  • By end-user industry, aerospace an defense industry is expected to grow at a significant rate during the forecast period owing to its increased usage in rapid prototyping and for the manufacturing of the scaled models.
  • Asia-Pacific region represents the largest market and is also expected to be the fastest-growing market over the forecast period owing to the consumption from countries such as China, India, and Japan.

Scope of the Report

The 3D Printing Filament Market report includes:

Type
Metals
Aluminium
Titanium
Stainless Steel
Nickel
Others
Plastics
Polyethylene Terephthalate (PET)
Polylactic Acid (PLA)
Acrylonitrile Butadiene Styrene (ABS)
Photopolymer
Others
Ceramics
Fused Silica
Glass
Quartz
Others
End-user Industry
Aerospace & Defense
Automotive
Medical & Dental
Electronics
Others
Geography
Asia-Pacific
China
India
Japan
South Korea
Rest of Asia-Pacific
North America
United States
Canada
Mexico
Europe
Germany
United Kingdom
France
Italy
Rest of Europe
South America
Brazil
Argentina
Rest of South America
Middle-East and Africa
Saudi Arabia
South Africa
Rest of Middle-East and Africa

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Key Market Trends

Increased Demand from the Aerospace & Defense Segment

  • Based on end-user industry, the aerospace and defense industry is estimated to lead the market, on account of increasing application areas, growing investments, and technological advancements.
  • The plastics segment is anticipated to lead the 3D printing filament market in the aerospace sector, owing to its superior properties such as lightweight nature. Amongst plastics, ABS and PLA types are the most consumed because of their availability and cost-effectiveness. Plastic filaments are widely used in high-precision manufacturing of trolleys, ducting, and fittings
  • The growth in the commercial aerospace market is likely to lead to the development of aircraft production and maintenance programs in emerging countries.
  • The demand for the commercial aircraft is expected to more than double over the next two decades. To meet this demand, the number of jet airplanes is likely to nearly double to 47,000 airplanes, at an average annual growth rate of 3.3%. According to Boeing, in order to support this fleet, there is a need for more than 41,000 new deliveries, which are valued at over USD 6 trillion, for growth and replacement over the next 20 years.
  • Owing to all the above-mentioned factors for 3D printing filaments, its market is expected to grow rapidly over the forecast period.
3D Printing Filament Market

Asia-Pacific Region to Dominate the Market

  • The demand for 3D printing material is witnessing significant traction, as a result of decreasing price and rapid acceptance of 3D printing technology from prototyping, product designing, and concept modelling to final product manufacturing.
  • The growth is attributed to early adoption and development of advanced 3D printing industry complemented by the strong presence of manufacturers in the region.
  • The aircraft parts and assembly manufacturing sector in the country is growing at a rapid pace, with the presence of over 200 small aircraft part manufacturers. Major manufacturers are concentrated in Nanchang, Shanghai, Chengdu, Xi’an, Harbin, Shijiazhuang, and Shenyang. The Chinese aerospace policy represents one of the most comprehensive attempts to enter the top levels of aerospace development and production. China is expected to be the world’s largest single‐country market for civil aircraft sales over the next 20 years.
  • Moreover, in 2015, KAI won the KF-X project, Korea’s next generation fighter jets. The Korean government plans to invest USD 17 billion in the KF-X program until 2025. Korean Air is active in providing MRO services for both commercial and defense aircraft. This is expected to increase the demand for market studied in the country during the forecast period.
  • Asia Pacific has emerged as a manufacturing hub owing to an expanding consumer base as well as the continued rise in foreign investments. Hence, the regional market is expected to witness remarkable growth over the forecast period.
3D Printing Filament Market

Competitive Landscape

The global 3D printing filament market is partially consolidated in nature with a few major players dominating a significant portion of the market. Some of the major companies are Stratasys Ltd., 3D Systems, Inc., Arkema Group, SABIC, and Clariant among others.

Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Assumptions

    2. 1.2 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET DYNAMICS

    1. 4.1 Drivers

      1. 4.1.1 Growing Usage in Manufacturing Applications

      2. 4.1.2 Mass Customization Associated with 3D Printing

    2. 4.2 Restraints

      1. 4.2.1 High Capital Investment Requirement

      2. 4.2.2 Unfavorable Conditions Arising Due to COVID-19 Outbreak

    3. 4.3 Industry Value Chain Analysis

    4. 4.4 Porters Five Forces Analysis

      1. 4.4.1 Threat of New Entrants

      2. 4.4.2 Bargaining Power of Consumers

      3. 4.4.3 Bargaining Power of Suppliers

      4. 4.4.4 Threat of Substitute Products

      5. 4.4.5 Degree of Competition

  5. 5. MARKET SEGMENTATION

    1. 5.1 Type

      1. 5.1.1 Metals

        1. 5.1.1.1 Aluminium

        2. 5.1.1.2 Titanium

        3. 5.1.1.3 Stainless Steel

        4. 5.1.1.4 Nickel

        5. 5.1.1.5 Others

      2. 5.1.2 Plastics

        1. 5.1.2.1 Polyethylene Terephthalate (PET)

        2. 5.1.2.2 Polylactic Acid (PLA)

        3. 5.1.2.3 Acrylonitrile Butadiene Styrene (ABS)

        4. 5.1.2.4 Photopolymer

        5. 5.1.2.5 Others

      3. 5.1.3 Ceramics

        1. 5.1.3.1 Fused Silica

        2. 5.1.3.2 Glass

        3. 5.1.3.3 Quartz

        4. 5.1.3.4 Others

    2. 5.2 End-user Industry

      1. 5.2.1 Aerospace & Defense

      2. 5.2.2 Automotive

      3. 5.2.3 Medical & Dental

      4. 5.2.4 Electronics

      5. 5.2.5 Others

    3. 5.3 Geography

      1. 5.3.1 Asia-Pacific

        1. 5.3.1.1 China

        2. 5.3.1.2 India

        3. 5.3.1.3 Japan

        4. 5.3.1.4 South Korea

        5. 5.3.1.5 Rest of Asia-Pacific

      2. 5.3.2 North America

        1. 5.3.2.1 United States

        2. 5.3.2.2 Canada

        3. 5.3.2.3 Mexico

      3. 5.3.3 Europe

        1. 5.3.3.1 Germany

        2. 5.3.3.2 United Kingdom

        3. 5.3.3.3 France

        4. 5.3.3.4 Italy

        5. 5.3.3.5 Rest of Europe

      4. 5.3.4 South America

        1. 5.3.4.1 Brazil

        2. 5.3.4.2 Argentina

        3. 5.3.4.3 Rest of South America

      5. 5.3.5 Middle-East and Africa

        1. 5.3.5.1 Saudi Arabia

        2. 5.3.5.2 South Africa

        3. 5.3.5.3 Rest of Middle-East and Africa

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements

    2. 6.2 Market Share (%)/Ranking Analysis**

    3. 6.3 Strategies Adopted by Leading Players

    4. 6.4 Company Profiles

      1. 6.4.1 3D Systems, Inc.

      2. 6.4.2 Arkema Group

      3. 6.4.3 BASF SE

      4. 6.4.4 Clariant

      5. 6.4.5 CRP TECHNOLOGY S.r.l.

      6. 6.4.6 Dow

      7. 6.4.7 DSM

      8. 6.4.8 ENVISIONTEC, INC.

      9. 6.4.9 EOS

      10. 6.4.10 Evonik Industries AG

      11. 6.4.11 HP Development Company, L.P.

      12. 6.4.12 Materialise

      13. 6.4.13 SABIC

      14. 6.4.14 Stratasys Ltd.

    5. *List Not Exhaustive
  7. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS

    1. 7.1 Adoption of 3D Printing Technology in Home Printing

    2. 7.2 Other Opportunities

**Subject to Availability

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Frequently Asked Questions

The 3D Printing Filament Market market is studied from 2016 - 2026.

The 3D Printing Filament Market is growing at a CAGR of >12% over the next 5 years.

Asia Pacific is growing at the highest CAGR over 2021- 2026.

North America holds highest share in 2020.

Stratasys Ltd., SABIC, Clariant, Arkema Group, 3D Systems, Inc. are the major companies operating in 3D Printing Filament Market.

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