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3D Printing Filament Market | Key gamers working out there

3D Printing Filament Market, Additive Manufacturing Market, Filament in Additive Manufacturing Market

3D Printing Filament Market, Additive Manufacturing Market, Filament in Additive Manufacturing Market

According to recent market research, “3D Printing Filament Market by Type (Plastics, Metals, Ceramics), End-Use Industry (Aerospace, Medical & Dental, Automotive, Electronics), Region (North America, Europe, Asia-Pacific, Mea, South America) and Region – Global Forecast to 2025 “. for mass customization in the end-use industry has been the main driver in the growth of the 3D printing filament market to enable easy production of complex geometries. FDM / FFF technology is the widely used printing method with low printer and material prices compared to other methods. In addition, the outbreak of the COVID-19 pandemic is expected to spur the consumption of 3D printed products from the FDM process in medical applications.

Search through 419 market data tables and 37 illustrations on 312 pages and a detailed table of contents on the topic of “3D Printing Filament Market – Global Forecast to 2025”
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The aerospace and defense segment will be the value leader in the 3D printing filament market in 2020 due to the increasing demand for lightweight and high strength printing material for mass customization of aerospace components and parts. The aerospace industry was the early adopters of 3D printing technologies for the prototyping and commercial production of plastic and metal components and parts. In addition, despite the lockdown in several countries and the restriction of travel and transportation, the aerospace parts and aircraft manufacturers are gradually continuing their businesses. Although the defense industry is a small consumer of 3D printing filaments, despite the impact of the COVID-19 outbreak, the industry has an uninterrupted supply of filaments for use in prototyping spacecraft components.

Based on the type, the Metals segment is expected to see the highest growth in the 3D Printing Filament market over the forecast period. Properties such as high material strength as well as resistance to high temperatures and light weight are the factors driving the introduction of metals into the market for 3D printing filaments. Various metals such as titanium, stainless steel and aluminum are widely used in the printing of complex structures for prototyping and making objects for industries such as aerospace and automotive. The 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 regulations in developed and developing countries for the use of plastics have accelerated the introduction and growth of metal filaments in the manufacture of 3D printed objects for education and consumer goods.

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The 3D Printing Filament market is estimated at $ 739 million in 2020 and is projected to reach $ 2,552 million by 2025, with a CAGR of 28.1% by 2020 to 2025. The plastics segment is expected to be the market for List 3D printing filaments. due to the increasing demand for ABS and PLA materials for printing objects in the consumer industry. In addition, the high demand for plastics in the manufacture of medical components and devices due to the COVID-19 outbreak is expected to fuel the growth of 3D printing filaments in the plastics segment. 3D printing filament has played an important role in the manufacture of medical components such as swabs, face masks, and ventilation dividers

Big companies like Stratasys Ltd. (USA), 3D Systems Corporation (USA), Koninklijke DSM NV (Netherlands), Materialize NV (Belgium), EvonikIndustries AG (Germany), Arkema SA (France), Saudi Basic Industries Corporation (SABIC) (Saudi Arabia), DuPont de Nemours, Inc. (USA), BASF 3D Printing Solutions GmbH (Germany), HP Inc. (USA), EOS GmbH – Electro Optical Systems (Germany), Shenzhen Esun Industrial Co., Ltd. (China), CRP Technology Srl (Italy), EnvisionTEC GmbH (Germany), Oxford Performance Materials, Inc. (USA) and MG Chemicals (Canada) are important players in the 3D printing filament market, among others. These players have focused on development strategies such as acquisitions, partnerships, collaborations, expansions, agreements, and new product developments and launches that have helped them grow their businesses in untapped and potential markets. They are also pursuing various organic and inorganic growth strategies such as agreements, new product developments, acquisitions and partnerships to expand their current position in the 3D printing filament market.

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Stratasys Ltd. is one of the leading providers of 3D printing solutions for rapid prototyping and direct digital manufacturing (DDM). In addition, the company develops, produces and markets materials such as metals, plastics and ceramics for the 3D printing market and the associated services. The company offers two major 3D printing technologies: Fused Deposition Modeling (FDM) and PolyJet. As of December 31, 2019, Stratasys held approximately 1,000 issued patents and has approximately 500 patent applications pending worldwide.

3D Systems Corporation provides comprehensive 3D printing solutions and is a global leader in additive manufacturing solutions. The company continues to develop new materials across its plastics portfolio to address a wider range of manufacturing applications. In addition, 3D Systems has planned several innovations for its plastics portfolio to help manufacturers address a broader application portfolio. It offers its 3D printing solutions to markets such as aerospace, automotive, medical, dental, and consumer products.

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Press release: https://www.marketsandmarkets.com/PressReleases/3d-printing-filament.asp
Research findings: https://www.marketsandmarkets.com/ResearchInsight/3d-printing-filament-market.asp

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This press release was published on openPR.

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