3D Printing Filament Market worth $4.4 billion by 2023 | Key Players include Stratasys, Ltd., 3D Systems Corporation, Arkema S.A., Koninklijke DSM N.V., Materialise NV, Evonik Industries AG, SABIC, Clariant, HP Inc., and DowDuPont

According to recent market research "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) - Global Forecast to 2023", The 3D printing filament market is expected to grow from USD 1.3 billion in 2018 to USD 4.4 billion by 2023, at a CAGR of 27.1% from 2018 to 2023.

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Major drivers for the market include the increasing applications in various end-use industries, government investments, and increasing awareness about 3D printing technology in developing countries.

The 3D printing filament market is estimated at USD 1.3 billion in 2018 and is projected to reach USD 4.4 billion by 2023, at a CAGR of 27.1% from 2018 to 2023. The growing demand for 3D printing filaments from the aerospace & defense, medical & dental, automotive, electronics, and others, and increasing application areas in these and other industries are expected to drive the 3D printing filament market. The key factors for the growing demand are the increasing investments, technological advancements, globalization, and growing awareness about 3D printing in developing countries.

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The 3D printing filament market is estimated at USD 1.3 billion in 2018 and is projected to reach USD 4.4 billion by 2023, at a CAGR of 27.1% from 2018 to 2023. Increasing applications in various end-use industries such as aerospace & defense, healthcare, automotive, education, fashion, and others are expected to drive the growth of the 3D printing filament market during the forecast period. Moreover, developing countries such as India and others are investing in the adoption of new technologies and educating people about them, which is also expected to fuel the growth of the 3D printing filament market.

Major companies operating in the 3D printing filament market include Stratasys, Ltd. (US), 3D Systems Corporation (US), Arkema S.A. (France), Koninklijke DSM N.V. (Netherlands), Materialise NV (Belgium), Evonik Industries AG (Germany), SABIC (Saudi Arabia), Clariant (Switzerland), HP Inc. (US), DowDuPont (US), and others.

Stratasys, Ltd., 3D Systems Corporation, Arkema S.A., and Clariant are the key players holding a significant share of the 3D printing filament market.

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Stratasys, Ltd. is one of the leading players in the 3D printing filament market who has adopted both organic and inorganic strategies to sustain its market position. For instance, in April 2018, Stratasys, Ltd., along with Phoenix Analysis & Design Technologies, Inc. (PADT), entered into a joint agreement with Lockheed Martin Space to develop advanced 3D-printed parts for the Orion deep-space spacecraft of NASA. Some of the key materials promoted by Stratasys include new Antero 800NA, a PEKK-based thermoplastic capable of sustaining extreme space conditions. Moreover, in September 2017, Stratasys announced that its full-color J750 printer is now compatible with its recently released PolyJet materials, Agilus 30 and Digital ABS Plus. These product launches helped Stratasys in expanding its product portfolio in the rapid prototyping and tooling applications.

3D Systems Corporation is another major company in the 3D printing filament market. It is one of the oldest companies providing 3D printing materials who has a well-spread distribution network globally. It has adopted various strategies to sustain its position in the market. For Instance, in January 2017, 3D Systems acquired Vertex-Global Holding B.V., a provider of dental materials through its Vertex and NextDent brands for the traditional and 3D printing dental applications. This acquisition helped 3D Systems in enhancing its product portfolio as a manufacturer and supplier of plastics for dental materials. Moreover, in July 2015, 3D Systems announced to expand its PlasticJet Printing Material business by launching Infinity Rinse-Away support material for Cube and CubePro 3D printer materials. This advanced material enables 3D printing of complex products with articulation by suspending and moving products in water.

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