The Global 3D Printing Filament Market is projected to reach a value of over USD 3.1 Million by 2027 at a CAGR of around 23.1%.
3D printing filaments are used to manufacture various 3D components for its application in the end-use industries. Its properties such as high strength, toughness, and flexibility have increased its use in aerospace, automobile, and healthcare industries. Some of the primary factors favoring the market growth for the 3D printing filament are increasing automobile production, growing adoption of renewable sources, and surge in demand for high-performance medical devices across the globe.
Market Driver:
As the application of 3D printing is increasing in various industry, the need for advanced materials is high, resulting in the designing of new and innovative material by various 3D printing filament manufacturers. Demand for advanced 3D printing filament material is continuously rising in the end-use industries demanding quality coupled with high performance. Many 3D filament players are investing in developing 3D printing filament material with superior chemical, thermal, electrical, and performance to encounter the need for key end-use industries including defense, aerospace, and consumer goods. These factors are likely to spur the growth of the market
Market Restraint:
According to recent studies by the Illinois Institute of Technology, 3D printers emit 200 million to 200 billion tiny toxic particles per minute while processing the filament. These particles when inhaled can penetrate to the lungs, cause irritation, and can also reach the brain. The printers use elements such as nylon filament that emits caprolactam which can cause serious stomach, neurologic, and heart conditions. Some printers using ABS filament emit styrene which could cause cancer as well. ABS filaments produce more particulate emissions as compared to PLA; however, both filaments produce significant amounts of emissions that lead to health concerns. With wear and tear, the levels of ultrafine particles (UFPs) and volatile organic compounds (VOCs) produced in 3D printers increase, leading to various health hazards.
The report on the 3D Printing Filament market covers a deep dive analysis of historic, recent and current market trends. Furthermore, market share/ranking analysis of key players, market dynamics, competition landscape, country-wise analysis for each region covered and the entire supply chain dynamics are covered through the below segmentation.
Report Features |
Specifics |
---|---|
Historical/Estimated/Forecasted Market Size Years |
2019-2027 |
Base Year for Market Calculation |
2020 |
Forecasted Period |
2021-2027 (2021 estimated year, forecasted up to 2027) |
Measured Units |
Value (USD Million) |
Segments Included |
Type, End-Use Industry, and Region |
Regional Coverage |
North America, Asia-Pacific, Europe, Middle East & Africa, South America |
Key Companies Covered
For the scope of the report, In-depth segmentation is offered by Forencis Research
3D Printing Filament Market, by Type
3D Printing Filament Market, by End-Use industry
3D Printing Filament Market, by Region
60+ MARKET TABLES AND 30+ FIGURES WILL BE INCLUDED IN THE 3D PRINTING FILAMENT MARKET STUDY
Note1: Tentative table of contents, may get updated during the course of research.
Note2: Company financial information is subject to availability in public domain
60+ MARKET TABLES AND 30+ FIGURES WILL BE INCLUDED IN THE STUDY