The report "3D Printing Filament Market by Type (Plastics, Metals, Ceramics), End-Use Industry (Aerospace & Defense, Medical & Dental, Automotive, Electronics), Region (North America, Europe, Asia Pacific, Mea, South America), and region - Global Forecast to 2025", The 3D printing filament market in 2020 is estimated at USD 739 million and is projected to reach USD 2,552 million by 2025, at a CAGR of 28.1% from 2020 to 2025. Rising demand for mass customization across the end-use industries has been the major driver for the growth of the 3D printing filament market in order to provide easy production of complex geometries. FDM/FFF technology is the widely adopted printing method along with low price of printers and materials in comparison to other methods. Furthermore, outbreak of COVID-19 pandemic is anticipated to fuel the consumption of 3D printed products from FDM process in medical applications.
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. Aerospace industry was the early adopter of 3D printing technologies for prototyping and commercial production of components and parts made from plastics and metals. Moreover, despite lockdown in several countries and restriction on travel and trasporation, manufacturer of aerospace parts and aircrafts gradually continue to operate their businesses. Although defense industry is a small consumer of 3D printing filaments, however, the industry has an undisrupted supply of filaments for use in prototyping spacecraft components despite the impact of COVID-19 outbreak.
