March 5, 2024

Plastic Filament Is The Largest Segment Driving The Growth Of 3d Printing Extrusion Materials Market

The global 3D Printing Extrusion Materials Market is estimated to be valued at US$ 12.77 Bn in 2023 and is expected to exhibit a CAGR of 19.% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.

Market Overview:
3D Printing Extrusion Materials refers to the thermoplastic and other filament materials that are used as the basic building blocks and raw materials for the 3D printing process. These materials are fed into the extruder head of a 3D printer which heats and lays down the material in layers to produce complex structures.

Market key trends:
One of the key trends in the 3D printing extrusion materials market is the development of novel materials with advanced properties. To expand the application potential of 3D printing, materials developers are focusing on enhancing material properties such as strength, flexibility, heat resistance, biocompatibility, etc. For instance, novel Carbon reinforced PETG and Nylon materials provide improved tensile strength and dimensional stability. Such advanced materials will drive increased adoption of 3D printing across industries.

SWOT Analysis
Strength: 3D printing extrusion materials have high demand as they enable fast prototyping and production of complex parts. They provide design flexibility and reduce manufacturing costs.
Weakness: The availability of substitute technologies can hinder the 3D printing extrusion materials market. High initial costs of 3D printers also restricts the adoption of this technology.
Opportunity: Growing applications of 3D printing in healthcare and aerospace industries offer lucrative opportunities. Also, continuous technological advancements are further expanding the capabilities of 3D printing.
Threats: Stringent regulations pertaining to material quality and safety poses significant threats. Moreover, lack of standard process control challenges widespread industrial adoption.

Key Takeaways

The global 3D Printing Extrusion Materials Market is expected to witness high growth, exhibiting 19% CAGR over the forecast period, due to increasing demand from industries such as aerospace, automotive and healthcare.

Regional analysis: North America dominated the global market in 2023 and is expected to maintain its lead over the forecast period. This is attributed to high investments in 3D printing R&D and presence of key players in the region. Asia Pacific is anticipated to be the fastest growing market owing to growth of end-use industries and increasing investment in additive manufacturing.

Key players operating in the 3D Printing Extrusion Materials market are 3D Systems Corporation, Stratasys Ltd., Materialise NV, EOS GmbH, Arkema S.A., SABIC, Evonik Industries AG, DuPont de Nemours Inc., BASF SE, Dow Chemical Company, HP Inc., Royal DSM N.V., EnvisionTEC GmbH, CRP Group., Carbon, Inc. These players are focusing on new product launches and expansion strategies to gain a competitive edge in the market.