According to MarkNtel Advisors study the Global 3D Printing Filament Market is projected to grow at a CAGR of around 25% during the forecast period, i.e., 2021-26.

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Key Findings of the Study: 3D Printing Filament market

Key Drivers

Widening Application of 3D Printing Across Different Verticals to Boost the Demand for Filaments

With the rising application of 3D printing technology across aerospace & defense, healthcare, automotive sectors, etc., the demand for filaments made with plastics, metals, or ceramics is projected to spur significantly in the coming years. The technology has displayed high use in the manufacturing of complex & small components & prototyping. For instance, titanium components in the aerospace industry are made using 3D printing technology owing to its high accuracy & mechanical properties.

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Scope of the Report and 3D Printing Filament Market Segmentation:

Segmentation Name and Explain Leading.

3D Printing Filament Market Competitive Landscape

By Type

• Plastic
• Polylactic Acid (PLA)
• Acrylonitrile Butadiene Styrene (ABS)
• Polyethylene Terephthalate Glycol (PETG)
• Acrylonitrile Styrene Acrylate (ASA)
• Metal
• Ceramic
• Others (Wood, Magnetic Iron, etc.)
• By Application
• Aerospace & Defense
• Healthcare
• Automotive
• Consumer Goods
• Others

Of them all, the Automotive application dominated the market with the largest share in recent years. 

3D Printing Filament Market Development:

• In June 2020, market leader 3D Systems Corporation announced to expand their plastic materials portfolio across broad applications and make it suitable across numerous industrial applications.
• The same year, in February, the leader extended its agreement with Sanmina Corporation to manufacture certain plastic 3D printing platforms and focus on its core competencies on plastic materials & application development.
• In September 2019, 3D Systems Corporation introduced PRO-BLK 10 & HI-TEMP 300-AMB. These new materials for 3D printing aimed to diversify the product portfolio of the company & expand its range of applications.

Geographical Analysis:

By Region

• North America
• South America
• Europe
• Middle East & Africa
• Asia-Pacific

Of them all, North America dominated the market with the largest share in recent years.

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