ABS and PLA 3D Printer Filament Market By Material Type (ABS Filament, PLA Filament), By Application (Aerospace and Defense, Automotive, Healthcare) By Region and Companies - Industry Segment Outlook, Market Assessment, Competition Scenario, Trends and Forecast 2022-2032

Market.US announces the publication of its most recently generated research report titled, “Global ABS and PLA 3D Printer Filament Market by Product Type (ABS Filament, PLA Filament), By Application (Aerospace and Defense, Automotive, Healthcare & Other Application Types), and by Region – Global Forecast to 2030.”, which offers a holistic view of the global ABS and PLA 3D printer filament market through systematic segmentation that covers every aspect of the target market. The global ABS and PLA 3D printer filament market are projected to be US$ 187.3 Mn in 2020 to reach US$ 1,318.2 Mn by 2030 at a CAGR of 22%.

ABS and PLA 3D printer filament market Overview

Filaments are raw materials used for 3D printers, and these are primarily made up of plastics. The plastic is melted in a heated chamber at the tip of the hot end and squirted out in a controlled manner, along with precise shape and thickness. 3D printing filament is the thermoplastic feedstock for fused deposition modeling 3D printers. Several types of filament are available with different properties, requiring different temperatures to print. These filaments are available in two standard diameters such as 1.75 mm and 2.85 mm (also referred to as 3 mm). Various materials are used for 3D printer filaments, such as ABS, PLA, PVA, TPU, ULTEM, ABS-PC, Nylon, ASA, and PPSF, out of which PLA and ABS play a vital role in 3D printer filaments. The four primary properties of ABS and PLA filaments, i.e., reduced waste, capacity to create parts with high internal complexity, the cost-effectiveness of small production runs, and ease of design modification.

Aerospace and Defense (A & D) are one of the early adopters of 3D printing technology. Hence, demand from the A & D industry for manufacturing of small and integral aircraft components is consistently increasing as this industry contributes around 16% of its total revenue to the 3D printing technology.3D printing in aerospace is used for making of jigs, fixtures, guides, templates, and gauges with having 60-80% cost reduction. It saves time as compared to traditional manufacturing processes. Also, it is used for manufacturing surrogates and mounting brackets installed during final assemblies. Additionally, growing interest in 3D printing plastic filaments from various industries for mass production of different components and other items is another driving factor for expanding the global ABS and PLA 3D printer filaments market. Various technology startups are developing 3D printers for mass production.
There is one drawback of using 3D printing technology using ABS and PLA filaments, which is the issue of time taken for manufacturing components as compared to traditional methods. Depending upon the machine and materials used, the printer takes time to 3D print the object or parts, which can take a few hours to a few days or even more. This may cause interruptions in the supply chain for several companies manufacturing processes.

Global ABS and PLA 3D Printer Filament Market Revenue (US$ Mn), 2020–2030

3D printing will play a crucial role in the broken supply chain of various manufacturing businesses during the COVID-19 pandemic. This crisis will force companies to review their working methods due to broken supply chains and encourage adopting and implementing new 3D printing tools and technologies to reduce downtime of missing components used in end products. This results in more significant opportunities for the ABS and PLA 3D printer filaments market in the forthcoming period.

Global ABS and PLA3D Printer Filament Market Segmentation Based on Product Type, Application, and Region

Based on Product Type

• ABS Filament
• PLA Filament

Based on Application

• Aerospace and Defense
• Automotive
• Healthcare

Other Applications Based on Region

• Europe
• Asia Pacific
• South America
• North America
• Middle East &Africa

Global ABS and PLA 3D Printer Filament Market Attractiveness Analysis by Product Type, 2014–2030

The research report on the global ABS and PLA 3D printer filament market includes profiles of some of the major companies, such as

• BASF SE
• SABIC
• Merck KGaA
• 3D Systems Corp.
• DR3D Filament
• Afinia 3D, Fenner Inc. (NinjaTek)
• Shenzhen Esun Industrial Co. Ltd.
• SeeMeCNC
• Shenzhen Getech Technology Co. Ltd. (Geeetech)
• and MatterHackers, among others.