3D Printing Filament Market Size, Share, Trends, Growth, Production, Consumption, Revenue, Company Analysis and Forecast 2021-2028

Published Date : Dec 2020 | No. of Pages : 250 Pages | Category : Chemical and Material

The global 3D Printing Filament market size is expected to be worth around US$ xx billion by 2028, according to a new report by Vision Research Reports.

The global 3D Printing Filament market size was valued at US$ 471.5 million in 2020 and is anticipated to grow at a CAGR of 18.10% during forecast period 2021 to 2028.

Growth Factors

Increasing enhancements for aerospace and defense components, parts, and prototype models are expected to drive the demand for 3D printing filament in the estimated time. Moreover, the rising demand for durable and light weighted automotive body parts such as car’s front splitters, front and rear bumper panels, is likely to support the market growth in the estimated time.

The adoption of 3D printing for the producing of high-performance components in aerospace and defense aircraft that are subjected to high-pressure and temperature is the major factor driving the market growth. In addition, low-volume parts and low processing costs in aerospace industry is expected to have a positive impact on the market. Furthermore, new design possibilities coupled with the application of robotics to produce end-arm tools are likely to influence the market in the projected years.

Technological advancement in the automotive industries involves body parts designs such as front-and rear bumpers, interiors, and tooling designs. The 3D printers aid the overall vehicular manufacturing resulting in the most advantageous and time-saving process in the automotive industry. Parts commonly printed in the automobile industry include cradles, fixtures, and front and rear bumper parts, which exhibit strong and durable properties. Plastics 3D printing filament is widely used owing to its low processing cost and ease of manufacturing.

Report Highlights

the plastics segment dominated the market and accounted for the largest revenue share of 60.7% and is expected to ascend at a CAGR of 19.02% over the projected period. The demand for plastic type 3D filament printing is driven by the easy manufacturing process and ability to fuse at any surface. Moreover, the product’s malleable property enables its use in a multitude of components construction in various applications such as space-aircrafts, motor vehicles, machining tools, educational models, and various others is further adding growth to the market.

Metal filled 3D printing filament uses very fine metal powders such as stainless steel, copper, brass, bronze, and others. These metals provide an aesthetically appealing metal finish and do not need a high-temperature extruder. In addition, unlike plastic printing filaments, metals filaments are heavier and remain on the surface for a longer duration. However, producing metal filament for printing requires three to four times more energy as compared to plastics and ceramics, which might act as a restrain to the metal-based 3D printing filament segment.

An alternative to plastics and metal-based 3D printing filament is ceramics. The application of ceramics for printing is attributed to the production of artistic figurines, models, statues, and art & designing projects. In addition, it is widely used in biomedical to make custom implants such as 3D bone substitute. However, producing complex components and parts by the ceramics filament is costly and takes time to manufacture. As a result, the key players in the market are investing in research & development for the new printing techniques in the same.

Other materials used in the 3D printing filament include composites, nylon, hybrid materials, alumide (polyamide and aluminum powder), soluble materials, and various others. These aforementioned materials are often mixed with plastics for easy manufacturing and flexibility. This, in turn, has resulted in the growth of the market.

The Polylactic Acid (PLA) segment led the market and accounted for the largest revenue share of more than 39.03% in 2020, owing to its property towards ease of printing, which does not need a heating platform while printing on the structure. Moreover, the material being biodegradable is preferred in Europe due to stringent environmental policies.

Acrylonitrile Butadiene Styrene (ABS) is the most commonly used 3D printing filament owing to its high flexibility and shock-resistant properties. It is highly used in the manufacturing of outside part (bumpers) of a motor vehicle, mobile phone cases, and electronic appliances. Countries such as the U.S., China, South Korea, and Hong Kong are considered prominent electronics producers that use 3D filament printing on electronic items, thus adding significant growth to the market.

Increasing awareness regarding product sustainability is likely to increase the use of PLA type material for 3D printing during the forecast period. However, other materials such as Acrylonitrile Styrene Acrylate (ASA), Polyethylene Terephthalate Glycol (PETG), Polyethylene Terephthalate (PET), and others exhibit rigid and good chemical resistance that is expected to increase its application in aerospace and defense and automotive segments.

Increasing year-on-year expenditure on space exploration programs by the leading space agencies around the globe are spurring the demand for 3D filament printing for limiting ware-house space, cutting storage cost, and manufacturing aerospace parts such as aircrafts structures and engine parts. Moreover, sustainable 3D filaments such as PLA from corn-starch and plant-based 3D printing material have attracted the attention of various key players in the market, thereby adding positive growth to the market.

The aerospace and defense application segment accounted for the largest revenue share of 26.7% in 2020 on account of high usage in the production of design prototypes. Increasing the use of additive manufacturing in aerospace components, across the globe for cost-effective solutions is expected to create demand for the 3D printing filament in the projected period.

An average aerospace component and parts designed by 3D printing technology are lighter and result in the reduction of air drag, thereby reducing the fuel cost. In addition, factors such as increasing environmental awareness, reduction of fuel costs and emission is likely to minimize the environmental impact, thereby increasing the demand for 3D printing filament during the projected period.

The automotive application segment is expected to gain a notable share in the 3D printing filament market owing to a rise in demand for more robust, lighter, stronger, and safer designs. For instance, in June 2020, the giant electric car manufacturer Tesla Inc. used the 3D printing technique for its newest electric car, Model-Y for its rear underbody component manufacturing.

Industrial and other manufacturing application accounts for a fair share in the market owing to the rise in the manufacturing of components such as automotive spares and replacement parts, injector heads, wall panels, and others. Components and parts such as jigs and fixtures, robotics grippers & sensor mounts, and various other applications in the education segment including artwork and model designs are likely to add significant growth to the market.

North America dominated the market in 2020 and accounted for the largest revenue share of more than 37.04% and is expected to witness a CAGR of over 18.10% over the projected period. Increasing investment by the U.S. aerospace and defense sector for the manufacturing of high-end designs and models for critical components such as spacer panels, circuit boards, spare parts, and others, is expected to support the regional market growth in the estimated time-frame.

In 2020, the U.S. was the largest consumer for the 3D printing filament in North America. Development in defense industrial operation and an increase in the production of motor vehicles in the automobile sector within the region is expected to support the demand for complex parts and components such as exterior and interior vehicle body components that requires 3D printers is thus expected to have a positive impact on the market.

In Europe, the market is expected to grow at a significant rate of 17.8% over the forecast period on account of increasing manufacturing of aircraft and automotive components. However, stringent policies concerning the use of non-biodegradable material such as ABS and other high-performance polymers made from petrochemical feedstock are likely to act as a restraint for the market growth.

Key Players

  • Höganäs AB

  • 3D Systems Corporation

  • General Electric

  • Arkema S.A

  • Royal DSM N.V

  • Stratasys, Ltd.

  • Evonik Industries AG

  • ExOne

  • Arcam AB

Market Segmentation

  • Type Outlook 

    • Plastics

    • Metals

    • Ceramics

    • Others

  • Plastic Type Outlook

    • Polylactic Acid (PLA)

    • Acrylonitrile Butadiene Styrene (ABS)

    • Polyethylene Terephthalate Glycol (PETG)

    • Acrylonitrile Styrene Acrylate (ASA)

    • Others

  • Application Outlook

    • Industrial

    • Aerospace & Defense

    • Automotive

    • Healthcare

    • Others

  • Regional Outlook 

    • North America

      • U.S.

      • Canada

      • Mexico

    • Europe

      • Germany

      • U.K.

      • France

      • Italy

      • Spain

    • Asia Pacific

      • China

      • Japan

      • India

    • Central & South America

      • Brazil

      • Argentina

    • Middle East & Africa (MEA)

The 3D Printing Filament market research report covers definition, classification, product classification, product application, development trend, product technology, competitive landscape, industrial chain structure, industry overview, national policy and planning analysis of the industry, the latest dynamic analysis, etc., and also includes major. The study includes drivers and restraints of the global market. It covers the impact of these drivers and restraints on the demand during the forecast period. The report also highlights opportunities in the market at the global level.

The report provides size (in terms of volume and value) of 3D Printing Filament market for the base year 2020 and the forecast between 2021 and 2028. Market numbers have been estimated based on form and application. Market size and forecast for each application segment have been provided for the global and regional market.

This report focuses on the global 3D Printing Filament market status, future forecast, growth opportunity, key market and key players. The study objectives are to present the 3D Printing Filament market development in United States, Europe and China.

It is pertinent to consider that in a volatile global economy, we haven’t just conducted 3D Printing Filament market forecasts in terms of CAGR, but also studied the market based on key parameters, including Year-on-Year (Y-o-Y) growth, to comprehend the certainty of the market and to find and present the lucrative opportunities in market.

In terms of production side, this report researches the 3D Printing Filament capacity, production, value, ex-factory price, growth rate, market share for major manufacturers, regions (or countries) and type.

In terms of consumption side, this report focuses on the consumption of 3D Printing Filament by regions (countries) and application.

Buyers of the report will have access to verified market figures, including global market size in terms of revenue and volume. As part of production analysis, the authors of the report have provided reliable estimations and calculations for global revenue and volume by Type segment of the global 3D Printing Filament market. These figures have been provided in terms of both revenue and volume for the period 2017 to 2028. Additionally, the report provides accurate figures for production by region in terms of revenue as well as volume for the same period. The report also includes production capacity statistics for the same period.

With regard to production bases and technologies, the research in this report covers the production time, base distribution, technical parameters, research and development trends, technology sources, and sources of raw materials of major 3D Printing Filament market companies.

Regarding the analysis of the industry chain, the research of this report covers the raw materials and equipment of 3D Printing Filament market upstream, downstream customers, marketing channels, industry development trends and investment strategy recommendations. The more specific analysis also includes the main application areas of market and consumption, major regions and Consumption, major Chinese producers, distributors, raw material suppliers, equipment providers and their contact information, industry chain relationship analysis.

The research in this report also includes product parameters, production process, cost structure, and data information classified by region, technology and application. Finally, the paper model new project SWOT analysis and investment feasibility study of the case model.

Overall, this is an in-depth research report specifically for the 3D Printing Filament industry. The research center uses an objective and fair way to conduct an in-depth analysis of the development trend of the industry, providing support and evidence for customer competition analysis, development planning, and investment decision-making. In the course of operation, the project has received support and assistance from technicians and marketing personnel in various links of the industry chain.

The 3D Printing Filament market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to 3D Printing Filament market.

Prominent players in the market are predicted to face tough competition from the new entrants. However, some of the key players are targeting to acquire the startup companies in order to maintain their dominance in the global market. For a detailed analysis of key companies, their strengths, weaknesses, threats, and opportunities are measured in the report by using industry-standard tools such as the SWOT analysis. Regional coverage of key companies is covered in the report to measure their dominance. Key manufacturers of 3D Printing Filament market are focusing on introducing new products to meet the needs of the patrons. The feasibility of new products is also measured by using industry-standard tools.

Key companies are increasing their investments in research and development activities for the discovery of new products. There has also been a rise in the government funding for the introduction of new 3D Printing Filament market. These factors have benefited the growth of the global market for 3D Printing Filament. Going forward, key companies are predicted to benefit from the new product launches and the adoption of technological advancements. Technical advancements have benefited many industries and the global industry is not an exception.

New product launches and the expansion of already existing business are predicted to benefit the key players in maintaining their dominance in the global market for 3D Printing Filament. The global market is segmented on the basis of region, application, en-users and product type. Based on region, the market is divided into North America, Europe, Asia-Pacific, Latin America and Middle East and Africa (MEA).

In this study, the years considered to estimate the market size of 3D Printing Filament are as follows:

  • Historic Year: 2017-2020
  • Base Year: 2020
  • Forecast Year 2021 to 2028

Reasons to Purchase this Report:

- Market segmentation analysis including qualitative and quantitative research incorporating the impact of economic and policy aspects
- Regional and country level analysis integrating the demand and supply forces that are influencing the growth of the market.
- Market value USD Million and volume Units Million data for each segment and sub-segment
- Competitive landscape involving the market share of major players, along with the new projects and strategies adopted by players in the past five years
- Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players

Research Methodology:

In-depth interviews and discussions were conducted with several key market participants and opinion leaders to compile the research report.

This research study involved the extensive usage of both primary and secondary data sources. The research process involved the study of various factors affecting the industry, including the government policy, market environment, competitive landscape, historical data, present trends in the market, technological innovation, upcoming technologies and the technical progress in related industry, and market risks, opportunities, market barriers and challenges. The following illustrative figure shows the market research methodology applied in this report.

Market Size Estimation

Top-down and bottom-up approaches are used to estimate and validate the global market size for company, regional division, product type and application (end users).

The market estimations in this report are based on the selling price (excluding any discounts provided by the manufacturer, distributor, wholesaler or traders). Market share analysis, assigned to each of the segments and regions are achieved through product utilization rate and average selling price.

Major manufacturers & their revenues, percentage splits, market shares, growth rates and breakdowns of the product markets are determined through secondary sources and verified through the primary sources.

All possible factors that influence the markets included in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data. The market size for top-level markets and sub-segments is normalized, and the effect of inflation, economic downturns, and regulatory & policy changes or others factors are accounted for in the market forecast. This data is combined and added with detailed inputs and analysis from Vision Research Reports and presented in this report.

Market Breakdown and Data Triangulation

After complete market engineering with calculations for market statistics; market size estimations; market forecasting; market breakdown; and data triangulation. Extensive primary research was conducted to gather information and verify and validate the critical numbers arrived at. In the complete market engineering process, both top-down and bottom-up approaches were extensively used, along with several data triangulation methods, to perform market estimation and market forecasting for the overall market segments and sub-segments listed in this report.

Secondary Sources

Secondary Sources occupies approximately 25% of data sources, such as press releases, annual reports, Non-Profit organizations, industry associations, governmental agencies and customs data, and so on. This research study includes secondary sources; directories; databases such as Bloomberg Business, Wind Info, Hoovers, Factiva (Dow Jones & Company), TRADING ECONOMICS, and avention; Investing News Network; statista; Federal Reserve Economic Data; annual reports; investor presentations; and SEC filings of companies.

Primary Sources

 In the primary research process, various sources from both the supply and demand sides were interviewed to obtain qualitative and quantitative information for this report. The primary sources from the supply side include product manufacturers (and their competitors), opinion leaders, industry experts, research institutions, distributors, dealer and traders, as well as the raw materials suppliers and producers, etc.

The primary sources from the demand side include industry experts such as business leaders, marketing and sales directors, technology and innovation directors, supply chain executive, end users (product buyers), and related key executives from various key companies and organizations operating in the global market.

The study objectives of this report are:

  • To analyze and study the global market capacity, production, value, consumption, status (2017-2020) and forecast (2021-2028);
  • Focuses on the key manufacturers, to study the capacity, production, value, market share and development plans in future.
  • Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players
  • To define, describe and forecast the market by type, application and region.
  • To analyze the global and key regions market potential and advantage, opportunity and challenge, restraints and risks.
  • To identify significant trends and factors driving or inhibiting the market growth.
  • To analyze the opportunities in the market for stakeholders by identifying the high growth segments.
  • To strategically analyze each submarket with respect to individual growth trend and their contribution to the market
  • To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market
  • To strategically profile the key players and comprehensively analyze their growth strategies.

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