Global 3D Printing Filament Market: Key Highlights
Global 3D Printing Filament Market: Key Market Dynamics
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Global 3D Printing Filament Market: Regional Overview
The North American region is expected to lead the 3D printing filament market during the forecast period. The growth can be attributed to the high demand for 3D printing filament in countries such as the US and Canada across the end-use industries such as aerospace, medical, and automotive. The region being the largest consumer in the aerospace & defense industry offers high growth opportunities for 3D printing filaments for the printing of complex parts, such as jet wings, engine parts, space telescopes, metal guns, and rocket parts.
3D printing filament market in the Asia-Pacific is expected to grow tremendously during the forecast period. The growth in this region can be attributed to increasing awareness about the 3D printing technology and its applications. Rapid industrialization and technological advancements have also contributed to the market’s growth in this region.
Global 3D Printing Filament Market: Key Players Overview
Stratasys Ltd is one of the prominent players in the additive manufacturing market which engages in the provision of additive technologies, solutions, and materials. The company focuses on customer business requirements to create new value across product lifecycle processes from manufacturing tools to design prototypes and final production parts. Till date, company have granted and pending 1400 additive manufacturing patents. The company operate a 3D printing ecosystem of expertise and solutions which comprises of advance materials, software with voxel level control, repeatable & reliable fused deposition modeling 3D printers, and inkjet-based 3D printers. Company provide 3D printing services, materials, and technology for various applications such as aerospace, automotive, healthcare, consumer products, and education. The company operates in North America, Asia-Pacific, Europe, and Middle East & Africa. In May 2019, Stratasys and Solvay are entered into partnership to expand the range of high-performance polymers to expand the fused deposition molding material market and increase the adoption in manufacturing.
Evonik Industries AG is a stock-listed German speciality chemicals company headquartered in Essen, North Rhine-Westphalia, Germany. The company is second largest chemicals company in Germany, and one of the largest speciality chemicals companies in the world. The company operates through major business segments, i.e., Nutrition & care, specialty additives, smart materials, performance materials and services.
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