Global 3D Printing Filament Market is projected to grow at an impressive rate through 2028 due to the annually increasing demand from the aerospace industry. In 2020, the export value of the aerospace industry in Japan amounted to approximately USD 4.25 billion.
The Thermoplastic feedstock utilized in the fused deposition modeling or fused filament fabrication (FDM/FFF) process is 3D printing filament. Using several filaments primarily drives the market to print many materials simultaneously. Additionally, the affordability of the filaments and their simplicity of usage present additional market expansion prospects. There are several types of 3D printing filaments available in the market, including PLA (polylactic acid), ABS (acrylonitrile-butadiene-styrene), PET (polyethylene terephthalate), Nylon, TPU (thermoplastic polyurethane), and PVA (polyvinyl alcohol). Each filament has its own unique properties and characteristics, making it suitable for different applications.
PLA is the most commonly used filament due to its low cost and ease of use. It is made from renewable resources such as corn starch and sugarcane, making it an eco-friendly option.
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ABS, on the other hand, is known for its strength and durability, making it suitable for creating functional parts.
Nylon is a strong and flexible filament, while TPU is a flexible and rubber-like material. PVA is a water-soluble filament that is often used as a support material. Due to their low cost, water resistance, and ease of manufacture, plastic 3D printing filaments are used extensively. Contrary to conventional printing, which uses materials like composites, nylon, and other hybrid filaments, fused filament manufacturing processes produce prototypes for aerospace and defense, automotive, and industrial application segments more quickly.
Market participants are increasingly drawn to invest in 3D printing filament due to growing innovation, research, and development in the field, including the use of multi-property materials and biodegradable 3D filaments. Furthermore, the market for bio-degradable 3D printing filaments is expanding due to stringent environmental laws implemented by European nations. The market for 3D printing filament is rapidly expanding due to the increasing adoption of 3D printing technology across various industries, including aerospace, automotive, healthcare, and consumer goods. The growth is driven by the ability of 3D printing to create complex, customized, and cost-effective products.
Stainless steel, copper, brass, bronze, and other very fine metal powders make metal-filled 3D printing filaments. These materials don't require a high-temperature extruder and have an aesthetically pleasing metal finish. Metal printing filaments are also heavier and stay on the surface longer than plastic.
The metal-based 3D printing filament market is hindered by the fact that generating metal filament for printing uses three to four times more energy than producing plastic or ceramic filament. Ceramics can be used as a 3D printing filament substitute for plastic and metal.
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The creation of creative figurines, models, statues, and art and design projects is credited as the driving force behind the use of ceramics for printing. Additionally, it's frequently used in the biomedical industry to create customized implants like 3D bone substitutes. However, building complicated components and parts using ceramic filament is expensive and labor-intensive. As a result, the major market players are spending money researching and developing novel printing techniques.
Promising Demand from The Aerospace and Defense Industry
The aerospace and defense industry is one of the key contributors to the global 3D printing filament market. 3D printing technology has become increasingly popular in this industry due to its ability to create complex and lightweight parts and components with high precision and accuracy due to which the aerospace and defense application market accounted for high usage in creating design prototypes.
Demand for 3D printing filament is anticipated to increase throughout the forecasted period as additive manufacturing is increasingly used to produce aerospace components worldwide for cost-effective solutions. A typical aircraft component and parts created using 3D printing technology are lighter and reduce air drag, which lowers fuel costs. Additionally, during the anticipated period, the demand for 3D printing filament is expected to rise due to factors including rising environmental consciousness and declining fuel costs and emissions that are likely to reduce the environmental effect.
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Table of Content-3D Printing Filament Market
- Product Overview
1.1. Market Definition
1.2. Scope of the Market
1.2.1. Markets Covered
1.2.2. Years Considered for Study
1.2.3. Key Market Segmentations
2. Research Methodology
2.1. Objective of the Study
2.2. Baseline Methodology
2.3. Key Industry Partners
2.4. Major Association and Secondary Sources
2.5. Forecasting Methodology
2.6. Data Triangulation & Validation
2.7. Assumptions and Limitations
3. Executive Summary
3.1. Overview of the Market
3.2. Overview of Key Market Segmentations
3.3. Overview of Key Market Players
3.4. Overview of Key Regions/Countries
3.5. Overview of Market Drivers, Challenges, and Trends
4. Voice of Customer
5. Global 3D Printing Filament Market Outlook
5.1. Market Size & Forecast
5.1.1. By Value & Volume
5.2. Market Share & Forecast
5.2.1. By Material (Plastics, Metals & Ceramics)
5.2.2. By Type (ABS, PLA, PVA, PET, Titanium, Copper, Stainless Steel, Metal Alloys, and Others)
5.2.3. By End Use (Medical & Dental, Automotive, Consumer Goods, Aerospace & defense and Others)
5.2.4. By Region (North America, Europe, Asia Pacific, South America, Middle East & Africa)
5.2.5. By Company (2022)
5.3. Market Map
5.3.1. By Material
5.3.2. By Type
5.3.3. By End Use
5.3.4. By Region
5.4. Pricing Analysis
6. North America 3D Printing Filament Market Outlook
6.1. Market Size & Forecast
6.1.1. By Value & Volume
6.2. Market Share & Forecast
6.2.1. By Material
6.2.2. By Type
6.2.3. By End Use
6.2.4. By Country
6.3. Pricing Analysis