3D Printing Filament Market By Material Type (Metals, Plastics, Alloys, Ceramics) , By End-Use Industry (Automotive, Aerospace and Aviation, Household Equipment, Petrochemical, Medical, Electronics, Others) : Global Opportunity Analysis and Industry Forecast, 2024-2031
3D Printing Filament Market
The 3D printing filament market was valued at $0.9 billion in 2023 and is projected to reach $2.3 billion by 2031, growing at a CAGR of 12.8% from 2024 to 2031.
3D printing filament is a form of thermoplastic material utilized in 3D printers as a feedstock for fused deposition modelling technology. It is the most used filament in printers due to its affordability, ease of use, and non-toxic properties. There are different types of filaments, some of which include acetonitrile butadiene styrene, polylactic acid, high impact polystyrene, nylon, polyvinyl alcohol, thermoplastic polyurethane, and acrylonitrile styrene acrylate. The filament is utilized for diverse applications, including prototyping, manufacturing, medical devices, and consumer goods.
Increase in the utility of 3D printers across diverse sectors such as automotive, healthcare, aerospace, and consumer goods, is a major driver of the 3D printing filament market. In addition, advancements in technology have led to improvements in the efficacy of the filament, offering enhanced durability, and better quality during the printing process. This is further augmenting the market growth. With growing adoption of 3D printers and rising environmental concerns, the usage of eco-friendly 3D printing filaments is trending. Such eco-friendly filaments include recycled polyethylene terephthalate and bio-based or biodegradable filaments such as those derived from cassava, cornstarch, and sugar beets.
However, several 3D filaments such as polylactic acid and acrylonitrile butadiene styrene lack the intense mechanical strength required in robust industrial applications. This limits the adoption of filaments and hampers the growth of the 3D printing filament market. Moreover, the utility of 3D printing filaments is subject to stringent government regulations in different regions, which presents challenges for the expansion of the market across various sectors. For instance, the Federal Food, Drug, and Cosmetic Act in the U.S. strictly monitors the materials that involve close contact with drugs, food, or cosmetics. Hence, the usage of 3D printed objects for these substances depends upon compliance with the guidelines established by the Food and Drug Administration.
Segment ReviewThe 3D printing filament market is segmented into material type, end-use industry, and region. On the basis of material type, the market is divided into metals, plastics, alloys, and ceramics. Depending on end-use industry, it is classified into automotive, aerospace & aviation, household equipment, petrochemical, medical, electronics, and others. Region wise, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
Key FindingsOn the basis of material type, the plastics segment is expected to maintain its lead position during the forecast period.
Depending on end-use industry, the aerospace segment is anticipated to acquire a high stake in the market during the forecast period.
Region wise, North America is projected to be the highest revenue generator by 2031.
Competition AnalysisThe leading players operating in the global 3D printing filament market include American Filament, TREED FILAMENTS, EU3dfuel, Shenzhen ECO Industrial Co., Ltd., Eureka Technologies Inc., Atomic Filament, Precision 3D Filament, Spectrum Filaments, AlmightyFila, and DUCHOFILLA. These major players have adopted various key development strategies such as business expansion, new product launches, and partnerships, to strengthen their foothold in the competitive market.
Key Market SegmentsBy Material TypeMetals
Plastics
Alloys
Ceramics
By End-Use IndustryAutomotive
Aerospace and Aviation
Household Equipment
Petrochemical
Medical
Electronics
Others
By RegionNorth America
U.S.
Canada
Mexico
Europe
Germany
UK
France
Spain
Italy
Rest of Europe
Asia-Pacific
China
India
Japan
South Korea
Australia
Rest of Asia-Pacific
LAMEA
Brazil
Saudi Arabia
South Africa
Rest of LAMEA
Key Market Players
American Filament
TREED FILAMENTS
EU3dfuel
Shenzhen ECO Industrial Co.,Ltd.
Eureka Technologies Inc.
Atomic Filament
Precision 3D Filament
Spectrum Filaments
AlmightyFila
DUCHOFILLA,