3D Printing Filament Market - Trends Forecast Till 2028

Market Overview

The 3D Printing Filament Market size is projected to reach a CAGR of 18.9% from 2021 to 2028.

3D printing filament is the thermoplastic feedstock for fused deposition modeling 3D printers. There are many types of filaments available with different properties, requiring different temperatures to print. The filament is commonly available in the two standard diameters of 1.75 mm and 2.85 mm. 2.85 mm filament is sometimes erroneously referred to as “3 mm”, but should not be confused with the less common filament size that actually measures 3 mm in diameter. Filaments made from materials such as plastics, metals, and ceramics are used in FDM/FFF technology that has a low price in comparison to other forms of 3D printing materials. These filaments are beneficial in the production of objects with complex structures.

Increasing applications in aerospace and defense industry for design communication and prototyping and increasing demand for high-quality print in automotive and industrial application are some of the factors that have supported long-term expansion for 3D Printing Filament Market.

Regional Analysis

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.

Insights are provided for each region and major countries within the regions

Competitive Landscape

Key Players

• Höganäs AB
• 3D Systems Corporation
• General Electric
• Arkema S.A
• Royal DSM N.V
• Stratasys, Ltd.
• Evonik Industries AG
• ExOne; Arcam AB.

Recent Developments

• In June 2020, Koninklijke DSM N.V. entered into an agreement to take over certain parts of Clariant AG’s (Switzerland) 3D printing business portfolio to expand rapid market-driven product development solutions. DSM acquired the 3D printing materials business of Clariant that allows DSM to provide rapid product development iterations for high-performance filaments and pellets based on application needs. The strategy enables DSM to strengthen its engineering grade filament, pellet, and powder portfolio.
• In April 2020, Stratasys Ltd. entered into strategic partnership agreement with Origin to offer 3D printed nasopharyngeal swabs to the healthcare sector. Under this partnership, the company markets and promotes Origin 3D printed nasopharyngeal swabs to healthcare providers and testing centres in the US. This partnership is expected to help the company to improve its market position in the healthcare sector and expand its business applications.

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Report Scope