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.
The aerospace & defense segment is estimated to lead the 3D printing filament market in 2020 in terms of value, due to the rising demand for lightweight and high strength printing material for mass customization of aerospace components and parts. Aerospace industry was the early adopter of 3D printing technologies for prototyping and commercial production of components and parts made from plastics and metals.
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.
