Growing demand for 3D printing plastic filaments from industries for mass production to boost global 3D printing filament market through 2024

According to a report released at TechSci Research, “Global 3D Printing Filament Market By Material, By Type, By End-Use Industry, By Region, Competition, Forecast & Opportunities, 2024”,global 3D printing filament market is projected to grow at a CAGR of 28% during 2019-2024 on account of increasing applications in numerous end-use industries and growing awareness about 3D printing technology. Global 3D printing filament market has been segmented as material, type, end-use industry and region. Based on end-use industry, the market has been categorized into medical, automotive, consumer goods, aerospace & defense and others. Among these, aerospace & defense sub-segment is anticipated to dominate the 3D printing filament market globallyowing to rising application of 3D printing technology in aerospace and defense. Moreover, demand backlog of approximately equal to 10 years of Boeing is further anticipated to result in surge in demand for 3D printing filaments.

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Regionally, global 3D printing filament market is segmented into North America, South America, Europe, Asia-Pacific and Middle East & Africa. Among these regions, North America is expected to lead the 3D printing filament market during the forecast period, owing to the growing demand for the 3D printing filament from the US, Mexico and Canada. Additionally, increasing investments and awareness about 3D printing filaments in these countries are further anticipated to fuel the market.

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“Based on Material, global 3D printing filament market has been segmented as plastics, material & others. Of all, plastics are the most widely used material owing to their properties and cost-effectiveness. Moreover, plastics are extensively used in various end-use industries for numerous applications. However, plastic ban in several emerging economies, such as India, is the major hinderance for the growth of 3D printing filament market.” Said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.

“Global 3D Printing Filament Market By Material, By Type, By End-Use Industry, By Region, Competition, Forecast & Opportunities, 2024” has evaluated the future growth potential of global 3D printing filament market and provides statistics and information on market structure, size, share and future growth. The report is intended to provide cutting-edge market intelligence and help decision makers to take sound investment decision. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges and opportunities present in the global 3D printing filament market.

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