The 3D printing filament market is estimated at USD 739 million in 2020 and is projected to reach USD 2,552 million by 2025, at a CAGR of 28.1% from 2020 to 2025. The plastics segment is estimated to lead the 3D printing filament market in 2020, owing to increasing demand ABS and PLA materials to print objects across the end-use industries. In addition,high demand for plastics in the production of medical components and devices due to outbreak of COVID-19 is anticipated to fuel the growth of 3D printing filament in the plastics segment. 3D printing filament has played an important role in the production of medical components such as swabs, face masks, and ventilator splitters
Major companies such as Stratasys Ltd. (US), 3D Systems Corporation (US), Koninklijke DSM N.V. (Netherlands), Materialise NV (Belgium), Evonik Industries AG (Germany), Arkema SA (France), Saudi Basic Industries Corporation (SABIC) (Saudi Arabia), DuPont de Nemours, Inc. (US), BASF 3D Printing Solutions GmbH (Germany), HP Inc. (US), EOS GmbH - Electro Optical Systems (Germany), Shenzhen Esun Industrial Co., Ltd. (China), CRP Technology S.r.l. (Italy), EnvisionTEC GmbH (Germany), Oxford Performance Materials, Inc. (US), and MG Chemicals (Canada) among others are key players in the 3D printing filament market. These players have been focusing on developmental strategies, such as acquisitions, partnerships, collaborations, expansions, agreements, and new product developments & launches, which have helped them expand their businesses in untapped and potential markets. They have also been adopting various organic and inorganic growth strategies, such as agreements, new product developments, acquisitions, and partnerships, to enhance their current position in the 3D printing filament market.
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Stratasys Ltd. is one of the leading providers of 3D printing solutions for rapid prototyping and direct digital manufacturing (DDM). It also develops, manufactures, and markets materials such as metals, plastics, and ceramics for the 3D printing marketplace, along with the related services. The company provides two major 3D printing technologies: Fused Deposition Modeling (FDM) and PolyJet. As of 31 December 2019, Stratasys held approximately 1,000 granted patents and has approximately 500 pending patent applications worldwide.
3D Systems Corporation offers comprehensive 3D printing solutions and is a leading global additive manufacturing solutions company. The company continues to develop new materials across its plastics portfolio to address a broader set of production applications. Further, 3D Systems has planned several innovations for its plastics materials portfolio designed to help manufacturers address a broader portfolio of applications. It offers its 3D printing solutions to markets such as aerospace, automotive, medical, dental, and consumer goods.
Koninklijke DSM N.V. (Royal DSM) is one of the key players in the 3D printing filament market. The company offers different types of 3D printing materials under different brands, namely, Arnite, Arnitel, and Novamid. The company supplies 3D printing plastics for prototyping and other applications. It is making efforts to enhance its product range by adding new materials, especially thermoplastics, to its product portfolio. The company’s operations network spans more than 110 commercial production facilities in over 40 countries.
3D Printing Filament Market by Type (Plastics, Metals, Ceramics), End-Use Industry (Aerospace & Defense, Medical & Dental, Automotive, Electronics), Region (North America, Europe, Asia Pacific, Mea, South America), and region - Global Forecast To 2025
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