The Global 3D Printing Filament Market is anticipated to grow at a CAGR of around 25% during 2021-26 owing to the rising adoption of 3D printers using 3D printing filaments in various end-user industries such as aerospace & defence, healthcare, automotive etc., industry to make multi-property components that could provide high-performance. Due to its features such as high-temperature resistance, excellent strength, and durability, the demand for 3D printing filament is increasing. Additionally, the majority of industries use 3D printing filament for designing prototype models. Thus, proliferating the growth of the market in the forthcoming timeline.
Key questions answered in the study
Consumer Goods Segment shows the fastest growth
According to the MarkNtel Advisors’ research report, “The Global 3D Printing Filament Market Analysis, 2021”. the Global 3D Printing Filament Market is anticipated to grow at a CAGR of around 25% during 2021-26. Based on application, the Consumer Goods segment is projected to grow at the fastest rate during the forecasted period. This is due to a surge in the adoption of 3D printing technology to enhance the product look and make it more appealing. The consumer good industry needs to launch new products frequently to attract the consumer therefore, they use 3D printing technology as it requires less time to develop a product. Thus, boosting the growth of the 3D printing filament market.
“The Global 3D Printing Filament Market Analysis, 2021” provides comprehensive qualitative and quantitative insights on the market potential, key factors impacting the market growth, hotspots and opportunities available for 3D Printing Filament providers across the globe. Moreover, the report also encompasses the key strategic imperatives for success for competitors along with strategic factorial indexing measuring competitor's capabilities on 16 parameters. This will help companies in the formulation of Go to Market Strategies and identifying the blue ocean for its offerings.
North America holds the prominent market share
Based on Region, North America held the largest share in the global 3D Printing filament market in 2019 and is expected to maintain its dominance during the forecasted period. This is due to the presence of a well-established 3D printing industry and high demand for 3D printing filament by the countries such as the US and Canada. Further, the rising emphasis on the usage of renewable sources of energy is likely to boost product demand. Moreover, the US has a large consumer base in the aviation industry, thereby, increasing the use of 3D printing filament for manufacturing complex parts to enhance performance as revealed by MarkNtel Advisors’ research report “The Global 3D Printing Filament Market Analysis, 2021”.
According to MarkNtel Advisors, the major leading players in the global 3D Printing Filament Market are Stratasys Ltd., 3D Systems Corporation, SABIC, Clariant, Evonik Industries AG, DuPont de Nemours Inc, Huntsman Corporation, MERCK GROUP, Shenzhen Esun Industrial Co., Ltd., Evonik Industries AG, others.