Fior Market launched a study titled “Global 3D Printing Filament Market by Type (Plastics, Metals, Ceramics, Others), Application (Aerospace & Defense, Medical & Dental, Automotive, Electronics, Others), Region” and Global Forecast 2018-2025.
The global 3D printing filament market is expected to grow from USD 1,246.81 million in 2017 to USD 1,310.27 million by 2025 at a CAGR of 27.66% during the forecast period from 2018-2025. Dynamics driving the growth of the market include increased demand for 3d printing plastic filaments from industries for mass production, and product modification and development will surge the demand of 3d printing filaments, and increasing demand from the aerospace and automotive
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Plastics segment registered highest market share of 36.19% in 2017
Type segment includes plastics, metals, ceramics, and others. The plastics segment registered highest market share of 36.19% in 2017 due to ease of availability and cost-effectiveness. As plastics are less brittle and more ductile they are widely used in various application areas.
Aerospace & defense segment is expected to hold the largest share of 39.16% during the forecastperiod
Application segment covers aerospace & defense, medical & dental, automotive, electronics, and others. The aerospace & defense segment is expected to hold the largest share of 39.16% during the forecast period. Here, contributing factors are increasing application areas, rising investments, and technological advancements.
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Regional Segmentation Analysis:
The market is analysed on the basis of five regions namely North America, Europe, Asia Pacific, South America, and Middle East and Africa. North America region dominated theglobal 3D printing filamentmarket with market size around USD 481.02 million in 2017.Increasing demand for 3D printing filament, demand in aerospace & defense, medical & dental, and automotive industries, and rapid technological advancements are factors lifting the demand of the 3D printing filament market in North America region.
The major players of market include are Evonik Industries, Filabot, Solvay AG, LG Chem, Voxeljet AG, Markforged, Inc., Proto Labs, Inc., Carbon, Inc., Materialise NV, Repraper, MeltInk, 3D-Fuel, Stratasys, Ltd., 3D Systems Corporation, Arkema S.A., Koninklijke DSM N.V., SABIC, Clariant, HP Inc., and among others. For instance, in 2017, 3D Systems acquired Vertex-Global Holding B.V., a provider of dental materials. This acquisition enabled 3D Systems to enhance its product portfolio of plastics for dental materials for3D printing dental applications.
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