The global 3D printer filament Market size is expected to reach USD 7,823.1 Million in 2028 and register a revenue CAGR of 21.5% over the forecast period, according to latest report by Reports and Data. 3D printer filament market revenue growth is expected to be driven by growing use in aerospace, healthcare, automotive, construction, and consumer goods industries.
Manufacturers across the globe are adopting 3D printing technology to reduce production time, enhance product properties, and lower labor cost. The flexibility to produce complex geometries, which are difficult to develop using traditional manufacturing processes, is expected to drive market revenue growth. However, cost of materials used in 3D printers, such as metals and polymer powder, is comparatively high as compared to the cost of materials utilized in traditional production methods. This, in turn, could hamper revenue growth of the global market.
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Companies profiled in the global market report include General Electric, 3D Systems Corporation, Hoganas AB, Stratasys Ltd., Royal DSM N.V., Arkema S.A., EOS GmbH Electro Optical Systems, Evonik Industries AG, Solvay, ExOne, LPW Technology Ltd., and Clariant.
High demand for 3D printer filament in the healthcare industry can be mainly attributed to rising demand for personalized and precision devices, and large-scale adoption of 3D printing technology for applications ranging from surgical planning models to 3D-printed vasculature and bioreactors. Using 3D printing technology, engineers have developed airway splints for babies with tracheobronchomalacia, thus enabling babies with this rare condition to live a normal life by supporting tiny airways near the lungs could collapse due to the disease. Increased RD activities for the implementation of 3D printing technology in healthcare sector are expected to provide significant opportunities to market players in near future.
Some Key Highlights from the Report
- By type, the plastics segment accounted for largest market revenue share in 2020. Use of 3D printing technologies facilitates the production of prototypes with much faster speed and more durability. Polymer is the most widely used material for 3D printing. Polymers for 3D printing are used to fabricate high-tech industrial and consumer products.
- 3D printer filament market is expected to be driven by growth of the education sector. 3D printing technology is revolutionizing the traditional classroom. Engineering students can now print prototypes of their creations, while biology students can study cross-section of organs produced by using additive manufacturing.
- Various end-use industries, including automotive, healthcare, and aerospace defense, have adopted 3D printing for mass production of parts and components. Nowadays, 3D printing technology is being increasingly used in producing automotive components, mobile cases, wing mirrors, toys, and various other products, as it helps reduce manufacturing cost and lead time, along with facilitating the production of complex structured objects.
- The 3D printer filament market in North America accounted for largest revenue share in 2020 due to increased adoption of advanced technologies and growing use of 3D printing in various end-use industries in the region. Additionally, growing demand for better quality products based on international standards is driving demand for precision manufacturing and 3D printing technology in the region, which in turn, is fueling market growth.
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For this report, Reports and Data has segmented the global 3D printer filament market based on type, technology, end-use, form type, application, and region:
Type Outlook (Revenue, USD Million; 2018–2028)
End-Use Outlook (Revenue, USD Million; 2018–2028)
- Aerospace Defense
- Consumer Goods
Technology Outlook (Revenue, USD Million; 2018–2028)
Application Outlook (Revenue, USD Million; 2018–2028)
Regional Outlook (Revenue, USD Million; 2018–2028)
- North America
- Latin America
- Middle East Africa
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