Shift From Traditional Manufacturing Methods To Filament-Based 3D Printing Processes Will Lead 3D Printing Filaments Market | Major Key Players are tratasys Ltd., 3D Systems Corporation, Airwolf 3D, colorFabb B.V., Markforged Inc., Push Plastic

Precision and accuracy are of great importance in the aerospace & defense industry. For this reason, prototypes of new designs are tested before deployment. These prototypes are utilized for aerodynamic testing, which is again an area of huge significance for the aerospace & defense industry. To create prototypes the industry makes use of 3D printing.

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Apart from this, 3D printing is also being used for producing some end-use components nowadays because of technological advancements in the 3D printing technology. This helps save a lot of time, as mass production of components is done in less time, reduces the weight of end-products, and lowers the cost of production. Attributed to these factors, the requirement for 3D printing is increasing considerably in the aerospace & defense industry, which is further resulting in the rising demand for 3D printing filaments.

3D printing filaments are materials that are utilized in 3D printer in order to develop a particular product by making use of the fused deposition modelling technique. Filaments are of different types and exhibit varied physical and chemical properties, which makes them suitable for usage in several industries.

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In 2018, the global 3D printing filaments market reached a value of $544.8 million and is predicted to generate $2,146.2 million, with a 25.4% CAGR, in the near future. 3D printing filaments are primarily made from metals, plastics, and ceramics. Other base materials include carbon fiber and wood. Among the major types, the largest demand was created for plastic filaments in 2018 because of their applications in the manufacturing of an extensive variety of products, such as table top gaming parts and prosthetics. Major types of plastic filaments are acrylonitrile butadiene styrene and polylactic acid.

Other than the aerospace & defense industry, 3D printing filaments also find applications in the automotive, industrial, healthcare, and consumer goods sectors. Other applications include jewelry, fashion, art and sculpture, and electronics. All these sectors have been increasingly making use of filament-based 3D printing processes rather than depending upon conventional methods of manufacturing.

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Whereas earlier, subtractive manufacturing was used widely, where methods such as forging, casting, extruding, molding, and cutting were implemented, now additive manufacturing (3D printing) has been adopted by several industries for the mass production. The conventional manufacturing methods resulted in requirement of more manpower and high production cost and time. Due to all these drawbacks the manufacturers have started becoming inclined toward using 3D printing techniques to save time and production cost.

The most common type of filaments used for 3D printing are polymers, but the emergence of new filaments, such as organic tissues and paper, in the market is expected to open up a wide scope for the manufacturers. The development of new filaments will allow the end-use industries to explore new applications for the 3D printing technology. Moreover, sectors such as that of electronics will be able to utilize 3D printing for new and advanced products. Due to these factors, the key companies are focusing on exploring new filaments, which will further lead to the increased usage of 3D printing filaments.

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