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3D Printing Filament Material Market Report
3D Printing Filament Material Market Trends, Dynamics & Market Insights
The 3D Printing Filament Material market is projected to grow from USD 1.1 billion in 2020 to USD 1.4 billion by 2026 at a CAGR of around 3.6% during the forecast period.
3D printing filament materials can be defined as materials that are used in 3D printing applications. Some of the commonly used filament materials include polylactic acid (PLA), acrylonitrile butadiene styrene (ABS), and metal among others.
Key players operating in the 3D Printing Filament Material market are-
The growth of the 3D printing filament material market is driven by widespread use in a broad range of end-use industries including automotive, aerospace & defense, and medical among others. Significant growth of the automotive industry with increasing automobile production is expected to bolster the market growth. Moreover, the surging demand for high-quality print in industrial applications is likely to create lucrative opportunities for the players operating in the global market during the review period.
Based on application, the market has been segmented into aerospace and defense, medical and dental, automotive, consumer goods, education, and others. Among these, the aerospace & defense segment accounted for the largest market share in 2020 and is expected to propel the market growth at a significant rate during the review period. The market growth can be attributed to expanding aerospace & defense industry.
The market in the Asia-Pacific region accounted for the largest market share in 2020 and is expected to grow at a healthy CAGR during the review period. The regional market growth can be attributed to expanding growth of automotive and aerospace & defense industries in developing countries, particularly China and India. The market in North America and European regions is expected to be driven by the established presence of the end-use industries.
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The covid-19 outbreak posed significant challenges across verticals worldwide. Supply chain disruptions due to lockdown and trade restrictions affected the product availability in the market. Also, a decline in the growth of the end-use industries further affected the market growth.
Here is the list of the group of customers that the 3D Printing filaments materials market hopes to have the greatest opportunity to convert-
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The 3D printing filament materials market is expected to witness an impressive growth of 3.6% CAGR in the coming years.
Filabot (US), Evonik Industries AG (Germany), Polymaker (China), voxeljet AG (Germany), Solvay S.A. (Belgium), LG Chem Ltd. (South Korea), Markforged (US), Carbon, Inc. (US), Protolabs (US) and Materialise NV (Belgium) are among the key players in the 3D printing filament materials market.
The 3D printing filament materials market size is expected to reach USD 1.4 billion in the foreseeable future.
The aerospace & defense segment accounted for the largest share in the 3D printing filament materials market in 2020.
Asia-pacific is expected to grow at a healthy CAGR in the 3D printing filament materials market in the next five years.
3D printing filament material distributors, 3D printing filament material suppliers, 3D printing filament material manufacturers, Logistics organizations, Government bodies are the target audience in the 3D printing filament market.
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