3D Printing Filament Material Market report is a comprehensive overview of the market’s situation thoroughly examined and compiled by Stratview Research. This new report provides past progress, current market conditions, and a future prospect from the year 2021 to 2026. It also offers accurate overview of the growth strategies, market size, mergers & acquisitions, and upcoming products/services of leading key players in this market.
The report analyses the market thoroughly and collects data in order to offer reliable data to the users. The present report mentions that the 3D Printing Filament Material market is projected to grow from USD 1.1 billion in 2020 to USD 1.4 billion by 2026 at a CAGR of around 3.6% during the forecast period.
The growth of the 3D printing filament material market is driven by widespread use in a broad range of end-use industries including automotive, aerospace & defense, and medical among others. Significant growth of the automotive industry with increasing automobile production is expected to bolster the market growth. Moreover, the surging demand for high-quality print in industrial applications is likely to create lucrative opportunities for the players operating in the global market during the review period.
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Market Segments' Analysis
According to Stratview Research, the 3D Printing Filament Material Market is segmented By Type (Plastics, Metal, Ceramics), Application (Aerospace and Defence, Medical and Dental, Automotive, Consumer Goods, Education, Others), and Region.
Based on application, the market has been segmented into aerospace and defense, medical and dental, automotive, consumer goods, education, and others. Among these, the aerospace & defense segment accounted for the largest market share in 2020 and is expected to propel the market growth at a significant rate during the review period. The market growth can be attributed to expanding aerospace & defense industry.
The market in the Asia-Pacific region accounted for the largest market share in 2020 and is expected to grow at a healthy CAGR during the review period. The regional market growth can be attributed to expanding growth of automotive and aerospace & defense industries in developing countries, particularly China and India. The market in North America and European regions is expected to be driven by the established presence of the end-use industries.
Top key vendors in the market:
The report mentions a list of key players in the 3D Printing Filament Material Market. Some of them are mentioned below –
· Filabot (US)
· Evonik Industries AG (Germany)
· Polymaker (China)
· voxeljet AG (Germany)
· Solvay S.A. (Belgium)
· LG Chem Ltd. (South Korea)
· Markforged (US)
· Carbon, Inc. (US)
· Protolabs (US)
· Materialise NV (Belgium)
Key Questions Answered in The Report:
- Which region will show the higher and rapid growth?
- Who are the top key players of the 3D Printing Filament Material Market?
- How will the market change in the upcoming five years?
- What was the impact of Covid19 on the market?
- Which application/ service/product will take a lion's share of the market?
- What are the market drivers and constraints?
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