3D Printing Filament Market Set to Grow at over 20% CAGR through 2024
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, By Region,
Competition, Forecast & Opportunities, 2024”, global 3D printing filament market is projected to grow
at a CAGR of 24% during 2019-2024 on account of increasing applications of 3D printing
filament 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 and region. Based on end-use industry, the
market has been categorized into medical & dental, automotive, consumer
goods, aerospace & defense and others. Among these, aerospace & defense
sub-segment is anticipated to witness the fastest growth in global 3D printing
filament market owing to rising application of 3D printing technology in
aerospace and defense sector. Moreover, demand backlog of approximately equal
to 10 years of Boeing is further anticipated to result in surge in demand for
3D printing filaments in this sector.
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Based
on type, global 3D printing filament market has been segmented as plastics, metals
& ceramics. 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.
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“Regionally, global 3D printing filament market is
segmented into North America, South Europe, Asia-Pacific and Rest of world. Among
these regions, North America leads the market, owing to the growing demand
for 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 growth in North America 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, 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.
About TechSci
Research
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research firm publishing premium market research reports. Serving 700 global
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specializes in research-based consulting assignments in high growth and
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solutions and tracking global and country specific high growth markets helps
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