Bioplastic Powder Materials Are The Fastest Growing Segment Fueling The Growth Of 3d Printing Extrusion Materials Market

 

The global 3D Printing Extrusion Materials Market is estimated to be valued at US$ 12.77 Bn 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.

Market Overview:
3D printing extrusion materials are used as feedstock in fused filament fabrication (FFF) process in 3D printing and provide mechanical strength, durability and temperature resistance to 3D printed objects. Common 3D printing extrusion materials include thermoplastics like acrylonitrile butadiene styrene (ABS), polylactic acid (PLA) and high-performance polymers.

Market key trends:
One of the key trends gaining traction in the 3D printing extrusion materials market is growing demand for bioplastic materials like polylactic acid (PLA) and polyhydroxyalkanoates (PHA). Bioplastics are produced from renewable feedstock like corn, sugar cane or Microbial fermentation and offers sustainability benefits over conventional petroleum-based plastics. Bioplastics have mechanical properties comparable to ABS and are gaining popularity, especially in Europe where legislations are pushing for adoption of green materials. Furthermore, research is ongoing on development of novel bio-based material formulations with superior properties to foster the sustainability of 3D printing.
Here is the segment analysis and key takeaways for the given 3D Printing Extrusion Materials Market:

Segment Analysis

The global 3D Printing Extrusion Materials market is segmented by type, form, and application. Based on type, the photopolymer segment dominated the market in 2023 and is expected to continue its dominance over the forecast period. Photopolymers offer advantages like high precision, accuracy and speed of printing over other materials. Based on form, the filament segment captured the largest share in 2023 and is likely to grow at a higher CAGR during the forecast period. Filaments are widely used in desktop 3D printers which are common among end users.

Key Takeaways

The global 3D Printing Extrusion Materials market is expected to witness high growth, exhibiting a CAGR of 19% over the forecast period, due to increasing demand from various end-use industries like automotive, healthcare, aerospace and others.

Regional analysis

North America accounted for the largest share of the global 3D Printing Extrusion Materials market in 2023. The presence of major players and technology adopters in the region is driving the market. The Asia Pacific region is expected to grow at the fastest CAGR during the forecast period due to rapid industrialization, strong economic growth and heavy investment in additive manufacturing in countries like China, Japan 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. Stratasys Ltd. and 3D Systems Corporation captured a major share of the market in 2023 due to their wide product portfolio and strong global distribution network.





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