CHICAGO, August 28, 2020 / PRNewswire / – According to new market research report, 3D Printing Filaments Market by Type (Plastics, Metals, Ceramics), End Use Industry (Aerospace & Defense, Medical & Dental, Automotive, Electronics), Region (North America, Europe, Asia Pacific, Mine, South America) and Region – Global Forecast to 2025, “published by MarketsandMarkets ™, the 3D Printing Filament market in 2020 is estimated at $ 739 million and should achieve USD 2,552 million by 2025 with a CAGR of 28.1% from 2020 to 2025.
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The Aerospace & Defense segment makes up the largest share of the 3D printing filament market
With the increasing demand for lightweight and high-strength printing materials for mass customization of aerospace components and parts, the Aerospace & Defense segment is expected to be the value leader in the 3D printing filament market in 2020. The aerospace industry was the early adopters of 3D printing technologies for the prototyping and commercial production of components and parts made from plastics and metals. In addition, despite the lockdown in several countries and the restriction on travel and transportation, aerospace parts and aircraft manufacturers are gradually continuing to do business. 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.
The Metals segment is expected to see the fastest growth in the 3D printing filament market over the forecast period
Depending on the type, the metal segment is expected to have the highest growth in the market for 3D printing filaments in the forecast period. Properties such as high material strength as well as resistance to high temperatures and light weight are the factors that promote the acceptance of metals in the market for 3D printing filaments. Various metals such as titanium, stainless steel and aluminum are widely used to print 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 technologies, is the largest consumer of metal filaments in the 3D printing filament market. Increasingly stringent environmental regulations for the use of plastics in developed and developing economies have accelerated the adoption and growth of metal filaments in the manufacture of 3D printed objects for education and consumer goods.
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Asia Pacific is expected to see the fastest growth in the 3D printing filament market over the forecast period
The 3D printing filament market in the Asia Pacific The region is expected to grow at the highest CAGR between 2020 and 2025. China, Japan, India, and South Korea are estimated to be the fastest growing 3D printing filament markets in the region over 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 China and the effects of coronavirus in Japan, South Korea, Autralia and India has resulted in a small decrease in the consumption of 3D printing filaments. However, in the medical industry, 3D printing filaments are widely used to meet the urgent demand from hospitals and other health centers.
Major market players covered in this report include Stratasys Ltd. (USA), 3D Systems Corporation (USA) and Koninklijke DSM NV (USA)Netherlands), Materialize NV (Belgium), Evonik Industries 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 – Elektrooptische Systeme (Germany), Shenzhen Esun Industrial Co., Ltd. (China), CRP Technology Srl (Italy), EnvisionTEC GmbH (Germany), Oxford Performance Materials, Inc. (USA) and MG Chemicals (Canada), among other.
Related reports:
3D PRINTED METAL MARKET by shape (powder, filament), technology (PBF, DED, binder jet, metal extrusion), metal type (titanium, nickel, stainless steel, aluminum), end-use industry (A&D, automotive, medicine and dentistry), region
https://www.marketsandmarkets.com/Market-Reports/3d-printing-metal-market-34714085.html
3D PRINTING PLASTICS MARKET by Type (Photopolymer, ABS, Polyamide, PLA), Shape (Filament, Liquid / Ink, Powder), End Use Industry (Healthcare, Aerospace & Defense, Automotive, Electrical & Electronics), Application and Region
https://www.marketsandmarkets.com/Market-Reports/3d-printing-plastic-market-21707470.html
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