3D Printing Filament Market

Global 3D Printing Filament Market: Overview

3D printing technology has evolved over the years, which has led to 3D printers finding diverse applications in automotive and electronics industries. 3D filaments are materials used for 3D printing, and are available in several types with different properties. The global 3D printing filament market demonstrates tremendous potential growth opportunities with an increasing investment in 3D printers.

The forthcoming Transparency Market Research report encompasses an overview of the global 3D printing filament market. It emphasizes on market segmentation and end-use application. In addition to this, it sheds light on industry trends and recent developments in the market. It also analyzes competitive landscape of the market and talks about its regional distribution.

Global 3D Printing Filament Market: Drivers and Restraints

An increasing awareness of 3D printing technology and its adoption in large and small scale companies facilitates the growth of global 3D printing filament market. Moreover, need for functional and high performing prints contributes to expansion of the market. Further, increasing applications in end-use industries such as aerospace and defense, automotive, consumer goods, and others have led to a surge in the 3D printing filament market.

There has been an increase in the demand for advanced filament material to achieve high-quality prints. Consequently, manufacturers are investing in developing superior filament material. This has impacted the 3D printing filament market favorably leading to an expansion of the market.

Furthermore, availability of bio-degradable 3D filaments has attracted attention of numerous companies and hobbyists. This has helped in augmenting the 3D printing industry, thus facilitating the growth of global 3D printing filament market. The presence of a large number of raw material providers has further propelled the 3D printing filament market’s growth.

However, along with the numerous driving factors, there are a certain restraints hampering the industry’s expansion. The fact that costs of 3D printing filaments are slightly on the higher side could hinder the 3D printing filament market growth. Moreover, a lack in awareness about 3D printing filaments in underdeveloped and economically backward regions could pose a possible threat to the market’s growth. Nonetheless, there have been significant technological advancements to improve the quality and durability of the 3D printing filaments. This will attract a lot of consumers in future and help the market grow tremendously.

Global 3D Printing Filament Market: Geographical Distribution

North America accounts for the largest share in the global 3D printing filament market. The market in this region is perceived to grow at a high rate owing to rising demand of 3D printing filament. 3D printing filament market in Asia Pacific is expected to grow tremendously during the forecast period. The growth in this region can be attributed to an 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: Competitive Landscape

Key players in the global 3D printing filament market comprise 3D Systems Corporation, Koninklijke DSM N.V., Evonik Industries AG, HP Inc., Clariant, DowDuPont and SABIC. New product launches along with a diverse product portfolio have helped these companies expand their revenue share in the global 3D printing filament market. In addition to this, collaborations, joint ventures and agreements have helped them strengthen their position in the market. Furthermore, they are focusing on various research and development activities to enhance the efficiency of the product, thereby increasing their share in the market.