3D Printing Filament Is Fastest Growing Segment Fueling The Growth Of 3D Printing Extrusion Materials Market

Market Overview:
3D printing extrusion materials refer to thermoplastic and metal filaments that are used as consumables in 3D printers. They come in various forms such as filaments, powders, and liquids. These materials allow the creation of 3D objects from digital designs via the additive manufacturing process. The use of 3D printing extrusion materials provides benefits such as mass production capabilities, lightweight design, and complex geometries.

Market key trends:
The key trends in the global 3d printing extrusion materials market include rising adoption of 3D printed filaments across various industries and growing demand for advanced materials. 3D printing filament manufacturers are developing new bio-based, conductive, and composite filament materials to cater to niche applications in industries such as healthcare, automotive, aerospace, and robotics. For instance, the development of flexible, anti-microbial and optical filaments is widening the purview of 3D printing. Furthermore, the emergence of low-cost desktop 3D printers is driving demand for affordable and reliable 3D printing filaments among prosumers.

Segment Analysis
The global 3d printing extrusion materials market is dominated by the thermoplastics sub-segment, which held around 60% market share in 2023. Thermoplastics are widely used in 3d printing extrusion due to their ability to solidify upon cooling after being heated and softened. They provide excellent dimensional stability and mechanical strength to 3d printed objects.

The global 3d Printing Extrusion Materials Market Share is estimated to be valued at US$ 3.69 Bn or 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.

Key Takeaways
The global 3d printing extrusion materials market is expected to witness high growth, exhibiting CAGR of 19.% over the forecast period, due to increasing demand for 3d printed products across industries such as automotive, healthcare, aerospace and defense.

Regional analysis
North America dominated the global market in 2023 and is projected to maintain its leading position during the forecast period. This is attributed to growing adoption of 3d printing technologies across various industries and presence of major players in the region. Asia Pacific is expected to exhibit the fastest growth owing to rising demand from countries such as China and India.

Key players
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. 3D Systems Corporation captured the largest market share in 2023 owing to its diversified product portfolio and strong global sales and distribution network.

Read More: https://www.dailyprbulletin.com/projected-to-boost-the-growth-of-3d-printing-extrusion-materials-market-size-and-share-analysis/

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