3D Printer Filaments Market Scope
3D printing filaments are also known as desktop fabrication or additive technology which allows manufacturers to develop objects using a digital file and various printing materials. The 3D printing filaments market is expected to mark significant growth over forecasted period owing to increased adoption in small and large scale industries and rising application in different end user industries such as automotive, consumer goods and others. There has been significant rise in number of 3D printer users in professional applications with figure stood up to 43% in global alone in 2018, the future for 3D printing filaments looks promising. The major companies are adding more proven technologies systematically and strategically in Asia-Pacific countries as these countries are focused on construction and electronics industries.
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
High Growth Market | Asia Pacific |
Largest Market | North America |
Unit | Value (USD Million) |
Key Companies Profiled | Stratasys, Ltd. (United States), 3D Systems Corporation (United States), Arkema S.A. (France), Koninklijke DSM N.V. (Netherlands), Materialise NV (Belgium), Evonik Industries AG (Germany), SABIC (Saudi Arabia), Clariant (Switzerland), HP Inc. (United States), DowDuPont (United States) and Filabot (United States) |
CAGR | 23.8% |
"According to AMA, the Global 3D Printer Filaments market is expected to see growth rate of 23.8% and may see market size of USD6239.8 Million by 2028."3D Printer Filaments market companies operating in these industries are focusing more on efficient growth, improvement of operational efficiency and productivity, achieving high safety standards, and focusing on maintaining sustainable development. The market is highly competitive with a few players occupying the major share. The key players are highly focused on developing and innovating new strategies to maintain their market position and customer base. The companies are coming up with partnerships or agreements along with planning strategic activities such as partnerships, product launches, mergers, and acquisitions which will help them to sustain in the market and maintain their competitive edge. Research Analyst at AMA estimates that United States and United Kingdom Manufacturers will contribute to the maximum growth of Global 3D Printer Filaments market throughout the predicted period.
Stratasys, Ltd. (United States), 3D Systems Corporation (United States), Arkema S.A. (France), Koninklijke DSM N.V. (Netherlands), Materialise NV (Belgium), Evonik Industries AG (Germany), SABIC (Saudi Arabia), Clariant (Switzerland), HP Inc. (United States), DowDuPont (United States) and Filabot (United States) are some of the key players that are part of study coverage. Additionally, the Manufacturers which are also part of the research are LG Chem (South Korea), Voxeljet AG(Germany), Markforged, Inc. (United Kingdom) and Proto Labs, Inc. (United States).
About Approach
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from the total available market.
Segmentation Overview
The study have segmented the market of Global 3D Printer Filaments market by Type , by Application (Prototyping, Manufacturing and Others) and Region with country level break-up.
On the basis of geography, the market of 3D Printer Filaments has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). North America region held largest market share in the year 2022. Europe on the other hand stood as second largest market due to the presence of key companies into the region and high technological advancement.
Market Leaders and their expansionary development strategies
In March 2018, Mitsubishi Chemical acquired Dutch Filaments B.V. This acquisition is beneficial in expanding its product portfolio in worldwide and accelerates the implementation of 3D printing technology.
Kodak launched its first 3D printer and filaments ranges which is beneficial in providing low moisture content, high melt flow index, precise diameter and roundness for high quality prints. It also offers industrial machinery whose features consist of traffic lighting system with five colour LEDs.
Influencing Trend:
Rise in demand of bio-degradable 3D printer filaments. and Manufacturers are investing
Market Growth Drivers:
Increase In Demand of 3D Printer Filaments at Aerospace and Automobile Industries. and Rapid Demand of 3D Printer Filaments for Product Modification That Fuelled Up the Market.
Challenges:
Lesser Development of Ceramics as Compared to Metal and Plastics. and Fluctuation of Manufacturing Cost in Commercial Grade is anticipated to Challenge the Market.
Restraints:
Lack of Acceptance of 3D Printer Filaments Hampers global Market. and High Cost Associated with 3D Printing Filaments Market.
Opportunities:
Rise in Research and Development Investments Leads to Boost the 3D Printer Filaments Market. and Increase in Demand of 3D Printer Filaments in Automotive and Consumer Electronics.
Key Target Audience
3D printer Filaments Manufacturers, 3D printer Filaments Traders, End-Use Market Participants of Different Segments of 3D printer Filaments, Government and Research Organizations, R&D Institutions and Others