The report “3D Printing Filament Market by Type (Plastics, Metals, Ceramics), End-Use Industry (Aerospace & Defense, Medical & Dental, Automotive, Electronics), Region (North America, Europe, Asia Pacific, Mea, South America), and region – Global Forecast to 2025”, The global 3D printing filament market in 2020 is estimated at USD 739 million and is projected to reach USD 2,552 million by 2025, at a CAGR of 28.1% from 2020 to 2025. Rising demand for mass customization across the end-use industries has been the major driver for the growth of the 3D printing filament market in order to provide easy production of complex geometries. FDM/FFF technology is the widely adopted printing method along with low price of printers and materials in comparison to other methods. Furthermore, outbreak of COVID-19 pandemic is anticipated to fuel the consumption of 3D printed products from the FDM process in medical applications.
To Remain ‘ahead’ of Your Competitors, Request for a Sample@ https://www.marketsandmarkets.com/requestsampleNew.asp?id=267169690
The Aerospace & defense segment accounts for the largest share of the 3D printing filament market
The aerospace & defense segment is estimated to lead the 3D printing filament market in 2020 in terms of value, due to the rising demand for lightweight and high strength printing material for mass customization of aerospace components and parts. The aerospace industry was the early adopter of 3D printing technologies for prototyping and commercial production of components and parts made from plastics and metals. Moreover, despite lockdown in several countries and restrictions on travel and transportation, manufacturers of aerospace parts and aircraft gradually continue to operate their businesses. Although the defense industry is a small consumer of 3D printing filaments, however, the industry has an undisrupted supply of filaments for use in prototyping spacecraft components despite the impact of COVID-19 outbreak.
Metals segment is estimated to witness the fastest growth in the 3D printing filament market, during the forecast period
Based on type, the metals segment is estimated to witness the highest growth in the 3D printing filament market during the forecast period. Properties such as high material strength along with resistance high temperature and lightweight are the factors fueling the adoption of metals in the 3D printing filament market. Various metals such as titanium, stainless steel, and aluminum are widely used in printing complex structures for prototyping and manufacturing objects for industries such as aerospace and automotive. Aerospace industry, an early adopter of 3D printing materials and technology, is the largest consumer of metal filaments in the 3D printing filament market. Increasingly stringent environmental guidelines across developed and developing economies for the use of plastics have accelerated the adoption and growth of metal filaments in the production of 3D printed objects used in education and consumer goods.
The Asia Pacific is expected to witness the fastest growth in the 3D printing filament market during the forecast period
The 3D printing filament market in the Asia Pacific region is projected to grow at the highest CAGR between 2020 and 2025. China, Japan, India, and South Korea are estimated to be the fastest growing markets in the region for 3D printing filament during the forecast period. China and Japan were the largest consumers of 3D printing filaments in the Asia Pacific region in 2019. Outbreak of COVID-19 from China and the impact of coronavirus in Japan, South Korea, Autralia, and India has caused a trivial decrease in the consumption of 3D printing filaments. However, 3D printing filaments are widely being used in medical industry to meet the urgent demand from hospitals and other healthcare centers.
For any Queries Linked with the Report, Ask an Analyst@ https://www.marketsandmarkets.com/speaktoanalystNew.asp?id=267169690
Key market players covered in this report includes Stratasys Ltd. (US), 3D Systems Corporation (US), Koninklijke DSM N.V. (Netherlands), Materialise NV (Belgium), Evonik Industries AG (Germany), Arkema SA (France), Saudi Basic Industries Corporation (SABIC) (Saudi Arabia), DuPont de Nemours, Inc. (US), BASF 3D Printing Solutions GmbH (Germany), HP Inc. (US), EOS GmbH – Electro Optical Systems (Germany), Shenzhen Esun Industrial Co., Ltd. (China), CRP Technology S.r.l. (Italy), EnvisionTEC GmbH (Germany), Oxford Performance Materials, Inc. (US), and MG Chemicals (Canada), among others.
MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.
Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the “Growth Engagement Model – GEM”. The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write “Attack, avoid and defend” strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.
MarketsandMarkets’s flagship competitive intelligence and market research platform, “Knowledgestore” connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.
Mr. Aashish Mehra
630 Dundee Road
Northbrook, IL 60062
USA : 1-888-600-6441