The global 3D printing filament market was estimated at $ 741 million in 2020 and is expected to reach $ 2,558 million by 2025, with an annual growth rate of 24.3% from 2020 to 2027.
Increasing demand in the aerospace and defense including consumer electronics sectors has accelerated growth in this global market. In today’s world, filament is mainly preferred as a material for 3D printing. As they supply aircraft, medical implants, automobiles, etc., this has also resulted in the development technology used to shape the polymers, plastics and biomaterials.
The 3D printing filament market demand for filaments has also declined as most companies cut their investments and spending. Since 3D printing technology is expensive compared to other options available, the demand for such filaments is expected to have a negative impact. However, the decline in demand is temporary as 3D printing is an effective way for companies to minimize reliance on raw material or equipment suppliers.
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Economic impact of Covid-19:
The Covid-19 recovery trajectory analysis provides an overview of the key strategies the industry is implementing to respond to and recover from the economic crisis. Focusing on the post-pandemic and pre-pandemic 3D printing filament market through PEST analysis, SWOT, quantitative and qualitative analysis, attractive analysis and DROs.
Main competitor in the 3D printing filament market:
- 3D Systems Corporation
- Evonik Industries AG
- Saudi Basic Industries Corporation
- Rebirth 3D technology
- Stratasys Ltd.
Polymaker-Anisoprint, developer of 3D printing fiber technology for the production of optimal composite materials, has introduced two new 3D printing materials developed by Polymaker: Smooth PA & CFC PA. These new materials are designed to work with CFC (Composite Fiber Co-Extrusion) technology at the heart of Anisoprint. This can provide continuous fiber reinforcement in 3D printed parts, which greatly improves tensile strength and stiffness and allows for further refinement and practicality of 3D printed parts for end use.
In a mature 3D printing industry, advances are being made in material development and certification. In the Senvol database, for example, up to 2,245 different AM materials are listed in 2020, compared to around 1,700 materials in the previous year, which corresponds to an increase of around 30 percent. Now, 3D printing filament technology is actively supporting the fight against the COVID-19 pandemic by making test smears, face shields and parts for medical devices. The advent of 3D printing for medical applications has accelerated material development for the industry. The Spanish research center Andaltec has announced that it will develop a new set of active polymers for the 3D printing of medical devices. In addition, the Polish 3D printing filament manufacturer Spectrum Filaments has launched a new filament for medical applications – ABS Medical. The new filament is made of ABS granulate, a material that meets the biological compliance requirements of USP Class VI or ISO 10993-1 certificates.
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Increasingly, 3D printer manufacturers are turning their attention to professional and industrial users, making their hardware more robust to improve repeatability and reliability.
EIBOS launched the Cyclopes filament dryer on Kickstarter in September 2020. Cyclops fit on two standard spools weighing 1kg or an immensely colossal spool, and the temperature-controlled chamber can dry materials for any length of time via the programmable timer. It can reach temperatures of up to 70 ° C, which is sufficient for nylon and PC.
The filament can be used in the dryer, everything is made of flame retardant materials for safety reasons.
Medical and surgical applications make up a growing portion of the professional 3D printing market, and some companies are relying on this fact. The German specialty chemicals company Evonik has just abandoned the VESTAKEEP i4 3DF filament, a PEEK material that can be used in 3D printers for filament deposition for the manufacture of implants for medical purposes. Although a high temperature 3D printer is required to use it, PEEK is a high performance material that is not only strong but also biocompatible, making it great for implants. It took several years to develop and test, but VESTAKEEP i4 3DF has met the requirements of ASTM F2026, the standard that confirms that PEEK implantable medical devices can be safely used and manufactured.
While there are several FDM 3D printing materials that are approved for medical use.
Market segmentation of the 3D printing filament market
Based on type:
- Acrylonitrile styrene acrylate (ASS)
- Acrylonitrile Butadiene Styrene (ABS)
Based on the application:
- Aerospace and Defense
- Medicine and dentistry
- Consumer goods
Based on the region:
- Australia and New Zealand
- Rest of the Asia Pacific
- United Kingdom
- Rest of Europe
rest of the world
- South America
- middle East
The Asia Pacific 3D Printing Filament market is expected to grow with the highest CAGR between 2020 and 2027. China, Japan, India, and South Korea are viewed as the fastest growing 3D printing filament markets in the region during the forecast period. The aerospace and defense segment is expected to lead the value of the 3D printing filament market in 2020 due to the increasing demand for lightweight and high-strength printing materials for mass customization of aerospace components and parts.
Important questions answered in this report.
- Top market players contributing to sales?
- Trend strategies of the players?
- Which region will be the leading in the forecast period?
- Factors Driving 3D Printing Filament Market?
- What will the market growth for 3D printing filaments look like?
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