The 3D Printing Filament Market is estimated at USD 741 million and is projected to reach USD 2,558 million by 2025, at a CAGR of 28.3% from 2020 to 2025.
Major competitor in 3D printing Filament market consist of 3D Systems, 3Dom,3ntr, Biome Bioplastics, FormFutura, MyMatSolutions, ObjectForm, Polymaker, ProtoPlant, Shenzhen Rebirth 3D Technology, Shenzhen eSUN Industrial and Stratasys.
Polymaker-Anisoprint, developer of continuous fiber 3D printing technology for the manufacturing of optimal composites, has presented two new 3D printing materials developed by Polymaker — Smooth PA & CFC PA. These new materials have been developed to work in tandem with the Composite Fiber Co-extrusion (CFC) technology at the heart of Anisoprint. This can deliver continuous fiber reinforcement within 3D printed parts which greatly improves tensile strength and stiffness allowing further refinement and practicality of end-use 3D printed parts.
Advancements in materials development and certification are ongoing within a still maturing 3D printing industry. For example, the Senvol Database lists as many as 2,245 different AM materials in 2020, compared to around 1,700 materials last year, which is roughly a 30 per cent increase. Now 3D printing filament technology is actively supporting the battle against the COVID-19 pandemic by producing test swabs, face shields and medical equipment parts. The uptake of 3D printing for medical applications has accelerated material development for the sector. Andaltec, a Spanish research Centre, has unveiled that it will be developing a new set of active polymers for use in the 3D printing of medical devices. Furthermore, Polish 3D printing filament manufacturer, Spectrum Filaments, has launched a new filament intended for medical applications – ABS Medical. The new filament is made from ABS Granulate, a material that meets the requirements of biological compliance of USP certificates in class VI or ISO 10993-1.
3D printer manufacturers are increasingly directing their attention to professional and industrial users, making their hardware more robust to improve repeatability and reliability. EIBOS is launching the Sept 2020 Cyclopes filament dryer on Kickstarter. Cyclopes will fit two standard 1kg spools or one large spool, and its temperature controlled chamber can dry materials for any period via the programmable timer. It can go up to 70°C, which is enough for Nylon and PC. Users don’t have to worry about undoing all their drying work when printing because the filament can be used while inside the dryer. Of course, everything is made of flame-retardant materials for safety.
Medical and surgical applications make up a growing share of the professional 3D printing market and some companies are leaning into that fact. German specialty chemicals company Evonik just released VESTAKEEP i4 3DF filament, a PEEK material that can be used in filament deposition 3D printers to make medical-grade implants. Though it requires a high-temperature 3D printer to use, PEEK is a high-performance material that is not only strong but also biocompatible, making it a great choice for implants. It took a couple of years of development and testing but VESTAKEEP i4 3DF has met ASTM F2026 requirements, the standard that certifies that PEEK implantable medical devices are safe to use and manufacture. While there are several FDM 3D printing materials that are rated for medical uses.
Market segmentation of 3D printing filament market divided on by Type (Plastics, Metals, Ceramics), by application (Aerospace & Defense, Medical & Dental, Automotive, Electronics), Region includes (North America, Europe, Asia Pacific, Mea, South America). The 3D printing filament market in the Asia Pacific region is projected to grow at the highest CAGR between 2020 and 2025. China, Japan, India, and South Korea are estimated to be the fastest growing markets in the region for 3D printing filament during the forecast period. The aerospace & defense segment is estimated to lead the 3D printing filament market in 2020 in terms of value, due to the rising demand for lightweight and high strength printing material for mass customization of aerospace components and parts.