Home Technology 3D Printing Filament Market | Competitive Landscape [2032]

3D Printing Filament Market

Global 3D Printing Filament Market Size, Share & Trends Analysis Report By Material Type (Plastics, Metals, Ceramics, Composites), By Plastic Type (Polylactic Acid (PLA), Acrylonitrile Butadiene Styrene (ABS), Polyethylene Terephthalate Glycol (PETG), Acrylonitrile Styrene Acrylate (ASA), Others) By Diameter (Standard Diameter (1.75mm), Large Diameter (2.85mm 3mm), By Application (Aerospace and Defense, Automotive, Medical and Dental, Electronics, Other Applications) and By Region (North America, Europe, APAC, Middle East and Africa, LATAM) Forecasts, 2024-2032

Report Code: SRTE56244DR
Study Period 2020-2032 CAGR 4.5%
Historical Period 2020-2022 Forecast Period 2024-2032
Base Year 2023 Base Year Market Size USD 6.3 billion
Forecast Year 2032 Forecast Year Market Size USD 10.2 billion
Largest Market North America Fastest Growing Market Asia-Pacific
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Market Overview

The global 3D printing filament market size was valued at USD 6.3 billion in 2023 and is projected to reach a value of USD 10.2 billion by 2032, registering a CAGR of 4.5% during the forecast period (2024-2032). The growing need for mass customization from sectors such as aerospace propels the market. 

3D printing filament is mainly the thermoplastic material used as feedstock for fused deposition modeling or fused filament fabrication (FDM/FFF) technology. 3D printing filaments are thermoplastics utilized in 3D printing to create three-dimensional items by gradually adding layers of melted material. These objects come in various varieties and hues, constructed from materials such as ABS (acrylonitrile butadiene styrene), PLA (polylactide), PET (polyethylene terephthalate), nylon, and several more. 

The growth of the 3D printing filament market is driven by the growing demand for advanced filament materials in various industries, the need for high-quality and high-performance materials, and the rise in research and development efforts to create filament materials with superior thermal, electrical, and chemical properties to meet the particular requirements of industries such as consumer goods, defense, and aerospace.

Highlights

  • Plastics accounts for the largest share of the market by material type.
  • Polylactic Acid (PLA) generates the highest revenue share through the plastic type.
  • Standard Diameter (1.75mm) led the market by diameter.
  • Aerospace and defense is the primary application in the market.

Market Dynamics

Global 3D Printing Filament Market Drivers:

Growing Demand for Mass Customization Manufacturing

An essential element contributing to the growth of the 3D printing filament market is the rising need for mass customization. Mass customization is the capability to manufacture personalized things in huge volumes while keeping the cost comparatively low. Utilizing cutting-edge technology like 3D printing enables producers to create distinct and personalized products cost-effectively and efficiently. The desire for mass customization has experienced substantial growth in recent years, especially in consumer goods, fashion, and medical industries. 

Additionally, consumers are progressively searching for individualized products customized to their requirements and tastes. 3D printing enables producers to fulfill this demand by creating superior, personalized products in significant volumes. 3D printing is currently employed in the fashion sector to manufacture customized apparel and accessories. Customers can select from different styles and materials, and their orders are efficiently and economically manufactured utilizing 3D printing technology. 3D printing is used in the medical field to manufacture personalized prosthetics and implants, enabling patients to obtain products customized to their requirements and physique.

Furthermore, a recent poll sponsored by Jabil found that 12% of the respondents utilize all of their 3D printing methods to create functional or end-use components. This is an increase from 5% of participants who said the same two years earlier. Moreover, 61% of participants utilize 10% or higher of their 3D printing procedures for this specific manufacturing objective. Survey results indicate that 3D printing has a significant influence on several businesses. Approximately 60% of participants indicate that the advent of 3D printing technology has already brought about substantial changes in the mindset and operations of their respective companies, in contrast to the 43% reported in 2017.

An additional 38% of respondents believe that the effects of 3D printing are yet to be fully realized, which is a decrease from about half of the respondents in 2017. Implementing mass customization and 3D printing techniques will inevitably cause some initial challenges for original equipment manufacturers (OEMs), but this will ultimately stimulate market expansion.

Global 3D Printing Filament Market Restraints:

Health Implications of Workers Involved in 3D Printing

3D printers release potentially dangerous ultrafine particles and volatile chemical substances. Occupational exposure to 3D printing technology may pose a potential risk of respiratory sickness for workers. Research published in the Journal of Occupational Medicine found that workers who used 3D printing frequently reported experiencing respiratory issues. The individuals most commonly experienced respiratory symptoms, with nasal congestion (26%), rhinorrhoea (20%), cough (20%), and itching of the nose, throat, or eyes (20%) being the most commonly reported symptoms. Twenty percent of the participants experienced cutaneous symptoms, specifically dry skin or itching on their hands. In the preceding year, 59% of individuals experienced respiratory symptoms, 20% experienced cutaneous symptoms, and 17% experienced headaches more than once weekly. We observed a correlation between those who worked more than 40 hours per week with 3D printing and a higher likelihood of reporting a past diagnosis linked to the respiratory system, such as asthma or allergic rhinitis.

Global 3D Printing Filament Market Opportunity:

Growing Applications in the Medical and Dental Industry

The Medical and Dental Industry is the primary industry that uses 3D printing filaments. The utilization of various filaments in 3D printing technology has enabled the development of tissues and organoids, surgical instruments, personalized surgical models, and tailor-made prostheses for applications in the medical and dental sectors. Orthopedic and cranial implants, surgical equipment, dental crowns, and external prostheses are among the medical devices manufactured using 3D printing technology. The industry accounts for around 30-35% of the overall utilization of 3D printing filaments.

In August 2022, Nexa3D, a firm specializing in industrial 3D printing solutions, revealed its efforts to enhance its digital dentistry offerings by implementing new expansions and installations for 3D printing processes tailored explicitly for the dental industry. Lithoz, a 3D ceramic printing company, announced that the first half of 2022 was its most successful year yet, attributing this achievement to a surge in product orders. The company provides various ceramic 3D printers in many applications, encompassing medicinal, dental, and industrial uses. Due to the above factors, the market for 3D printing filaments is projected to experience substantial growth during the forecast period. 

Regional Analysis

The global 3D printing filament market analysis is conducted in North America, Europe, Asia-Pacific, the Middle East and Africa, and Latin America.

North America Dominates the Global Market

North America is the most significant Global 3D Printing Filament market shareholder and is estimated to grow at a CAGR of 4.9% over the forecast period.  The North American region has been at the forefront of the acceptance and advancement of 3D printing technology and its related markets, such as the market for 3D printing filament. The area is inhabited by several of the globe's most giant and most pioneering corporations, who have quickly embraced 3D printing technology. The region's well-developed infrastructure and robust economy have positioned North America as a central focus for advancing and expanding 3D printing technology.

Additionally, the rise of the 3D printing industry is fueled by rising demand across multiple sectors, technological breakthroughs, and growing awareness of the potential applications of 3D printing. The region's flourishing manufacturing and technological sectors and substantial consumer market have also driven prosperity. 3D Systems, Stratasys, and H.P. are among North America's prominent makers of 3D printing filaments. These companies have made significant investments in research and development and have been leading the way in developing novel filaments that provide enhanced performance and new possibilities for use.

In addition, there has been a sequence of recent product introductions, consolidations, and takeovers in North America aimed at harnessing the promise presented by 3D printing. In August 2021, ExOne announced a partnership with Maxxwell Motors to manufacture copper windings using 3D printing technology. As a result of this partnership, Maxxwell Motors included a unique and newly developed copper e-winding design into their innovative axial flux electric motors, specifically designed for electric cars, heavy-duty vehicles, and industrial equipment.

Asia-Pacific is anticipated to exhibit a CAGR of 4.7% over the forecast period. There is expected to be a growing need for 3D printing filament in India, China, and other nations in the Asia Pacific area. The growth of the area's consumer products, automotive, healthcare, and other industries will drive market momentum during the projection period. The market in this area is projected to experience increasing demand for polymers due to the growing need for desktop printers.

Europe holds a significant market share. Germany has the greatest Gross Domestic Product (GDP) among all European countries. Germany, the United Kingdom, and France are among the most rapidly growing economies worldwide. MedTech Europe reports that more than 33,000 medical technology businesses are operating in Europe. Most of them are in Germany, with Italy, the United Kingdom, France, and Switzerland following suit. The medical technology business predominantly comprises small and medium-sized companies (SMEs), which account for around 95% of the sector.

Furthermore, the German aerospace sector includes about 2,300 companies throughout the country, with the most considerable density of firms in northern Germany. Germany has numerous aircraft interior components and materials manufacturing facilities in Bavaria, Bremen, Baden-Württemberg, and Mecklenburg-Vorpommern. The electronics industry in the United Kingdom contributes GBP 16 billion (~USD 19.53 billion) annually to the local economy, as stated by the Department for International Trade. Currently, the country has a 40% market share in the electronics design business in Europe. The current specialization in the industry revolves around RFIDs, integrated circuits (I.C.s), optoelectronics, and electronic components. The elements above are anticipated to enhance the region's need for 3D printing filament. 

Report Scope

Report Metric Details
Segmentations
By Material Type
  1. Plastics
  2. Metals
  3. Ceramics
  4. Composites
By Plastic Type
  1. Polylactic Acid (PLA)
  2. Acrylonitrile Butadiene Styrene (ABS)
  3. Polyethylene Terephthalate Glycol (PETG)
  4. Acrylonitrile Styrene Acrylate (ASA)
  5. Others
By Diameter
  1. Standard Diameter (1.75mm)
  2. Large Diameter (2.85mm, 3mm)
By Application
  1. Aerospace and Defense
  2. Automotive
  3. Medical and Dental
  4. Electronics
  5. Other Applications
Company Profiles BASF SE Stratasys Ltd. Essentium Inc. Proto Labs Inc. Markforged Inc. ExOne Co. H.P. Inc. Formlabs Inc. Kimya Ultimaker 3D Systems Corporation Arkema S.A. Owens Corning Evonik Industries AG
Geographies Covered
North America U.S. Canada
Europe U.K. Germany France Spain Italy Russia Nordic Benelux Rest of Europe
APAC China Korea Japan India Australia Singapore Taiwan South East Asia Rest of Asia-Pacific
Middle East and Africa UAE Turkey Saudi Arabia South Africa Egypt Nigeria Rest of MEA
LATAM Brazil Mexico Argentina Chile Colombia Rest of LATAM
Report Coverage Revenue Forecast, Competitive Landscape, Growth Factors, Environment & Regulatory Landscape and Trends
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Segmental Analysis

The global 3D printing filament market is segmented based on material type, plastic type, diameter, and application. 

The market is further segmented by material type into Plastics, Metals, Ceramics, and Composites.

The plastics segment dominated the market and accounted for the largest revenue share over the projected period. The demand for plastic-type 3D filament printing is fueled by its straightforward production procedure and capacity to bond with any surface. Furthermore, the product's malleability allows it to be used in various applications, including manufacturing components in space aircraft, motor vehicles, machining equipment, educational models, and more. This versatility is contributing to the market's growth.

Metal filaments consist of metal particles or alloys, which allow for the fabrication of metal components using 3D printing technology. Metal-infused 3D printing filament utilizes micron-sized metal particles, including stainless steel, copper, brass, bronze, and other metals. These metals offer a visually pleasing metal coating and do not require a high-temperature extruder. Furthermore, unlike plastic printing filaments, metal filaments possess greater weight and persist on the surface for an extended period. 

The plastic type is further segmented into Polylactic Acid (PLA), Acrylonitrile Butadiene Styrene (ABS), Acrylonitrile Styrene Acrylate (ASA), Polyethylene Terephthalate Glycol (PETG), and Others.

The Polylactic Acid (PLA) segment held the largest revenue share of more than 39.0% in 2023, owing to its property towards ease of printing, which does not require a heating platform while printing on the structure. Moreover, due to stringent environmental policies, biodegradable material is preferred in Europe.

Acrylonitrile Butadiene Styrene (ABS) is the most commonly used 3D printing filament owing to its high flexibility and shock-resistant properties. It is extensively used to produce external components (such as bumpers) for motor vehicles, mobile phone cases, and electronic appliances. The U.S., China, South Korea, and Hong Kong are renowned for their role as leading electronics manufacturers, employing 3D filament printing in producing electronic goods, contributing substantially to market expansion.

Based on diameter, the market is fragmented into Standard Diameter (1.75mm) and Large Diameter (2.85mm, 3mm).

The standard diameter segment includes filaments with a standard diameter of 1.75mm, compatible with most consumer and professional desktop 3D printers.

Filaments with larger diameters, such as 2.85mm or 3mm, are commonly used in industrial-grade 3D printers and offer advantages such as faster printing speeds and improved material flow.

The application segment is further bifurcated into Aerospace and Defense, Automotive, Medical and Dental, Electronics, and Other Applications. 

The aerospace and defense segment emerged as the leading and fastest-growing segment. The industry is increasingly embracing 3D printing to manufacture intricate parts and components more quickly and cost-effectively. This technology also allows for greater flexibility in the design and integration of functionality. 3D printing filaments are utilized in the aerospace and defense industries to manufacture various parts, including engine components, air ducts, cabin interiors, and structural components. Aerospace and military firms benefit from high-performance filaments, which offer strength and endurance for high-stress applications. 

Furthermore, 3D printing is employed for prototyping and tooling, enabling engineers to evaluate and enhance designs before engaging in extensive manufacturing. In general, the aerospace and defense sector is projected to remain a significant user of 3D printing technology, especially for manufacturing high-quality parts and components.

The medical and dental segment accounted for the second-largest growing segment. 3D printing is utilized in medical settings to manufacture personalized implants, prosthetics, and surgical instruments. Utilizing 3D printing enables the creation of goods with exactness and precision, allowing customization to cater to the unique requirements of individual patients. 3D printing is used in dentistry to manufacture dental implants, crowns, bridges, and orthodontic devices. The technology enables the fabrication of dental devices with exceptional accuracy and precision, which may be tailored to meet the unique dimensions of each patient's oral cavity. Biocompatible plastics, such as PCL (Polycaprolactone) and PLLA (Poly-L-Lactic Acid), are commonly used in medical and dental 3D printing applications.

Additionally, metal alloys like titanium and cobalt-chromium are also utilized. These materials must adhere to stringent regulatory standards to guarantee their safety within the human body. The utilization of 3D printing in the medical and dentistry sectors is expanding. It is projected to persistently increase in the foreseeable future, propelled by the need for increasingly customized and accurate medical products. The advancement of specialized materials and the growing complexity of 3D printing technology are anticipated to continue fueling expansion in this field.

Market Size By Material Type

Market Size By Material Type
  • Plastics
  • Metals
  • Ceramics
  • Composites
  • Recent Developments

    • January 2024- BASF 3D Printing Solutions combined BASF's research capabilities with expertise in industrial applications to provide customers with a comprehensive solution for all additive manufacturing technologies. BASF has unveiled Ultrafuse® 17-4 P.H., a metal 3D printing solution that offers simplicity, cost-effectiveness, and safety.
    • March 2024- Stratasys Ltd., a prominent company specializing in polymer 3D printing solutions, intended to supply 3D-printed materials for an imminent lunar mission. This mission aims to evaluate the performance of these materials while exposed to the lunar surface.

    Key Players

    3D Printing Filament Market Share of Key Players

    3D Printing Filament Market Share of Key Players
    BASF SE Stratasys Ltd. Essentium Inc. Proto Labs Inc. Markforged Inc. ExOne Co. H.P. Inc. Formlabs Inc. Kimya Ultimaker 3D Systems Corporation Arkema S.A. Owens Corning Evonik Industries AG Others

    Frequently Asked Questions (FAQs)

    How big is the 3D Printing Filament Market?
    The global 3D printing filament market size was valued at USD 6.3 billion in 2023 and is projected to reach a value of USD 10.2 billion by 2032, registering a CAGR of 4.5% during the forecast period (2024-2032).
    BASF SE, Stratasys Ltd., Essentium Inc., Proto Labs Inc., Markforged Inc., ExOne Co., H.P. Inc., Formlabs Inc., Kimya, Ultimaker, 3D Systems Corporation, Arkema S.A., Owens Corning, Evonik Industries AG
    Growing Demand for Mass Customization Manufacturing are the key drivers for the growth of the market.
    The market is segmented by Material Type, Plastic Type, Diameter and Application
    North America holds the majority share of the 3D Printing Filament Market.


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