3D Printing Filament Market Analysis
3D filaments are made up of thermoplastic and can easily bend when heated. There are many types of filaments with different properties and also require different temperature to print. The flexibility helps in creating better shapes. This filament helps in the production of complex structured objects. The 3D printing technology is used by small and large industries, which boost the development of the 3D printing filament market.
- Due to COVID-19, the 3D printing filament market has been slightly impacted as the 3D printing filament markets are located where the impact of Coronavirus is high.
- The Headquarters and principal subsidiaries of 3D printing filaments are mostly in the highly coronavirus impacted areas so the COVID-19 impacted the supply chain of 3D Printing Market as the demand was low and it caused the production to slow down in many manufacturing units.
- However, the COVID-19 pandemic has caused some positive impact on the 3d printing filament market as the 3D printing is also used for medical applications. And the medical emergency owing to COVID-19 increased the demand for medical equipment, which correspondingly increased adoption of 3D printing filaments.
Top Impacting Factors
3D printing manufactures industrial goods in very less time and at very less manufacturing cost. This is one of the major factors propelling the market. In addition, the 3D printing filaments demand increased for printing medical equipment. Many end users shifted their production toward medical emergency equipment; this created opportunity for 3D Printing filaments in medical industry. However, the concerns related to the environment regarding the 3D printing plastic is expected to hinder the 3D printing filament market growth. In addition, the high cost of 3D printed ceramic products is expected to restrain the market. On the contrary, the development of bio-degradable material using 3D printing is creating lucrative opportunities in the market. Furthermore, the increasing investments by industrial participants in developing countries owing numerous factors such as presence of huge consumer base, favorable investment policies, and others. For instance, increasing investment in the aerospace sector by developing countries is expected to offer opportunities to major market participants during the forecast period. The 3D filament market in medical industry manufacture products for printing objects such as swabs, ventilator, facemask and others. Many end users also have shifted toward the medical emergency equipment, which gives more opportunity for the 3D printing filament market.
Market Trends
- In developed countries, there is much awareness regarding 3D printing.
- Developed countries such as the U.S. Germany, the UK, and others, are leading in the market and replacing the traditional method of manufacturing industrial goods. The traditional method needs large number of machines, higher manpower and others and the 3D printing decreases the fixed costs.
- To encounter the need of key end user industries including aerospace and consumer goods, the 3D printing filament has started manufacturing the material with superior, chemical, thermal, and electric material.
- By end use industry, the medical and dental segment is projected to help boost the growth of the market during the forecast period.
- The aerospace and defense industry provides high growth to 3D printing filament for printing the parts such as jet wing, engine part, space telescope, metal guns and rocket part.
- Rising demand in fabrication and tooling applications is anticipated to drive the market growth for metals such as stainless steel.
- On March 2021, Jabil Inc. launched additive filament named Jabil PA 0600. This new product delivers stiffness and high strength that can be used for automotive, aerospace, industrial manufacturing and others.
- On November 2019, Sculpteo launched engineering-grade metal filament named Ultrafuse 316L. A: Ultrafuse 316L is a metal 3D printing filament for fused filament fabrication (FFF) technology. It delivers excellent characteristics specifically for mechanical components and can be utilized at different stages of the design process.
Key Benefits of the Report
- This study presents analytical depiction of the 3D printing filament industry along with the current trends and future estimations to determine the imminent investment pockets.
- The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the 3D printing filament market share.
- The current market is quantitatively analyzed to highlight the 3D printing filament market growth scenario.
- Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market.
- The report provides a detailed 3D printing filament market analysis based on competitive intensity and how the competition will take shape in coming years
Questions answered in the printing filament market Report
- Who are the leading market players active in the 3D printing filament market?
- What current trends will influence the market in the next few years?
- What are the driving factors, restraints, and opportunities in the market?
- What future projections would help in taking further strategic steps?
- What is “3D printing filament market "?
- What does “3D printing filament market " allow organizations to achieve?
- What are the challenges faced in the “3D printing filament "market?
- What are the key benefits of the “3D printing filament " market report?
- What will be the anticipated growth rates for your own 3D printing filament market?
- What are the driving factors and opportunities in the market?
3D Printing Filament Market Report Highlights
| Aspects | Details |
 By Type |
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 By End-Use Industry |
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 By Region |
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 Key Market Players | BASF 3D Printing Solutions GmbH, Oxford Performance Materials, Inc.,, Stratasys Ltd., 3D Systems Corporation, CRP Technology S.r.l., DuPont de Nemours, Inc.,, Saudi Basic Industries Corporation, Evonik Industries AG, Koninklijke DSM N.V., Arkema SA,, MG Chemicals., HP Inc., Shenzhen Esun Industrial Co., Ltd., EOS GmbH - Electro Optical Systems, Materialise NV, EnvisionTEC GmbH |
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