3D Printing Filament Market - Global Size, Share, Trends, Growth and Forecast Year ( 2022 – 2032 )
3D Printing Filament Market
According to the KD Market Insights, the global 3D printing filament market was valued at USD 0.9 billion in 2022 and is projected to reach USD 7.5 billion by 2032, growing at a CAGR of 28.1% from 2023 to 2032.
The 3D printing filament market refers to the industry involved in the production, distribution, and sale of filament materials used in 3D printing or additive manufacturing processes. The 3D printing filament market is expected to witness further growth.
3D Printing Filament Market: Report Scope
Base Year Market Size
Forecast Year Market Size
3D Printing Filament Market Segmentation
The 3D printing filament market is segmented:
By Material Type:
- PLA (Polylactic Acid)
- ABS (Acrylonitrile Butadiene Styrene)
- PETG (Polyethylene Terephthalate Glycol)
- TPU (Thermoplastic Polyurethane)
- PVA (Polyvinyl Alcohol)
- HIPS (High Impact Polystyrene)
- Functional Parts
- Artistic and Decorative
- Consumer Goods
By Geographic Regions:
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
The material type segment is leading in the 3D printing filament market. Thermoplastic filaments, such as PLA (Polylactic Acid) and ABS (Acrylonitrile Butadiene Styrene), are widely used in various 3D printing applications due to their ease of use, versatility, and wide availability. These filaments offer good printability, strength, and a range of color options, making them suitable for both professional and consumer-position 3D printing.
3D Printing Filament Market Regional Synopsis
North America is a prominent region in the 3D printing filament market. The presence of crucial market players, technological advancements, and strong adoption of 3D printing in industries like automotive, aerospace, and healthcare drive market growth.
Europe is a significant market for 3D printing filaments. Countries like Germany, the United Kingdom, and France have a well-established manufacturing bases, driving the demand for filaments in various industries. The region also emphasizes sustainability, leading to a growing demand for eco-friendly and recycled filaments.
The Asia Pacific region is witnessing rapid growth in the 3D printing filament market. Countries like China, Japan, and South Korea have a strong manufacturing sector and growing adoption of 3D printing technology. The region is witnessing increasing investments in research and development and the emergence of local filament manufacturers.
Latin America is an emerging region in the 3D printing filament market. Countries like Brazil and Mexico are witnessing growing adoption of 3D printing technology. The Middle East and Africa are also witnessing the often adoption of 3D printing technology and growing demand for 3D printing filaments.
3D Printing Filament Market Driving Factors
The increasing use of 3D printing technology across various industries, including manufacturing, healthcare, automotive, and consumer goods, is driving the demand for 3D printing filaments. Furthermore, Continuous inventions in filament materials, such as improved properties, new composite formulations, and specialty filaments, expand the range of applications and enhance the quality of 3D printed objects.
3D printing filaments enable rapid prototyping and customization, allowing for faster design duplications and reduced time-to-market. This capability is particularly precious in an industry where product development and invention are crucial. Apart from this, 3D printing filaments offer cost and time savings compared to traditional manufacturing styles. They eliminate the need for tooling and allow for on-demand production, reducing inventory costs and lead times.
The demand for eco-friendly and sustainable manufacturing processes is driving the adoption of 3D printing filaments made from recycled materials or biodegradable polymers, reducing the environmental impact.
3D Printing Filament Market Challenges
Although the range of available filament materials for 3D printing is expanding, there is still a limited selection compared to traditional manufacturing materials, which may limit certain application possibilities.
Achieving consistent material quality and properties across different batches of filament is challenging, leading to variations in print results and potential issues with part performance.
Additionally, not all filament materials are compatible with every type of 3D printer. Printability challenges can arise, such as nozzle clogging, wrapping, or adhesion issues, which require optimization and adjustments to achieve successful prints.
3D Printing Filament Market Key Players
Some key companies operating in this space:
- Stratasys Ltd.
- 3D Systems Corporation
- Materialise NV
- Formlabs Inc.
- Arkema S.A.
- BASF SE
- Dow Chemical Company
- Evonik Industries AG
- Proto-pasta LLC
- ColorFabb BV
- NinjaTek LLC
- Filamentive Ltd.
- Others Players
On May 9, 2022, Braskem the largest polyolefins producer in the Americas, as well as a market leader and pioneer producer of biopolymers on an industrial scale, announces today the release of three new sustainable 3D printing filament product offerings for the additive manufacturing market.