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.

𝐓𝐨 𝐆𝐞𝐭 𝐈𝐧𝐬𝐢𝐠𝐡𝐭𝐟𝐮𝐥 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡, 𝐑𝐞𝐪𝐮𝐞𝐬𝐭 𝐏𝐃𝐅 𝐂𝐨𝐩𝐲 - https://univdatos.com/get-a-free-sample-form-php/?product_id=35768

The 3D Printing Filament Material Market is expected to grow at a significant rate of around 19% owing to 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.

According to UnivDatos Market Insights (UMI)’ research report “Global 3D Printing Filament Material Market”, the market is expected to witness robust growth during the forecast period (2022-2028). This is mainly due to the growing applications in the end-user industry coupled with the increasing demand for mass customization.

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.

Based on the 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 to witness extensive growth.

For a better understanding of the market adoption of the 3D printing filament material industry, the market is analyzed based on its worldwide presence in the countries such as North America (The United States, Canada, Rest of North America), Europe (Germany, The United Kingdom, France, Spain, Italy, Rest of Europe), Asia-Pacific (China, India, Japan, Rest of Asia-Pacific), Rest of World. 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.

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According to UnivDatos Market Insights (UMI)’, the key players with a considerable market share in the 3D Printing Filament Material market are 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.

“Global 3D Printing Filament Material Market” provides comprehensive qualitative and quantitative insights on the industry potential, key factors impacting sales and purchase decisions, hotspots, and opportunities available for the market players. Moreover, the report also encompasses the key strategic imperatives for success for competitors along with strategic factorial indexing measuring competitors’ capabilities on different parameters. This will help companies in the formulation of go-to-market strategies and identifying the blue ocean for its offerings.

Market Segmentation:

1. By Type (Plastics, Metals, Ceramics, and Others)

2. By Application (Industrial, Aerospace & Defense, Automotive, Healthcare, and Others)

3. By Region (North America, Europe, Asia-Pacific, Rest of the World)

4. By Company (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.)

Key questions answered in the study:

1. What are the current and future trends of the global 3D printing filament material industry?

2. How the industry has been evolving in terms of type and application?

3. How the competition has been shaping across the countries followed by their comparative factorial indexing?

4. What are the key growth drivers and challenges for the global 3D printing filament material industry?

5. What is the customer orientation, purchase behavior, and expectations from the global 3D printing filament material suppliers across various region and countries?

3d Printing Filament Material Market - Industry Size, Share