3D Printing Material PLA Filament Market was valued at USD 1.2 Billion in 2022 and is projected to reach USD 2.8 Billion by 2030, growing at a CAGR of 11.2% from 2024 to 2030.
Looking ahead, the demand for 3D Printing Material PLA Filament is expected to maintain a robust upward trajectory from 2023 to 2033. This forecast is fueled by multiple factors, including the continued growth of additive manufacturing, increasing awareness of sustainable practices, and the rapid expansion of industries that rely heavily on rapid prototyping. As of 2023, the market is experiencing an influx of innovative PLA-based formulations, including composite filaments and advanced blends with materials like carbon fiber and metal, pushing the boundaries of PLA's applications. This versatility is expected to drive the market further, catering to industries like automotive, education, and home manufacturing.
Despite some challenges related to material costs and production capabilities, the PLA filament market has proven resilient. Manufacturers are focusing on improving the quality of PLA filaments, addressing environmental concerns with more sustainable production processes, and enhancing the performance of PLA materials for use in high-end applications. Moreover, the growing demand for customized, on-demand products is fueling the PLA filament’s continued growth. As the 3D printing market shifts towards consumer-based solutions and larger-scale production processes, the role of PLA is set to evolve into a key player in the development of new products and industries.
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The 3D Printing Material PLA Filament Market has seen a significant rise in demand between 2018 and 2022. PLA filament, being one of the most popular and eco-friendly materials used in 3D printing, has played a crucial role in the evolution of the market. As of 2022, the demand for PLA filament continues to expand across various industries, including automotive, healthcare, consumer goods, and aerospace. The increasing adoption of 3D printing technology, coupled with its affordability and versatility, has pushed the growth of PLA filament in the global market. In particular, industries focusing on prototyping and low-volume manufacturing have benefitted greatly from this material's properties, such as ease of use, biocompatibility, and recyclability.
eSUN
Inland
Hatchbox
Eryone
Prusament
Overture
Amolen
Sunlu
FormFutura
Polymaker
ProtoPasta
MatterHackers
Fillamentum
ColorFabb
Paramount 3D
BASF
Mitsubishi Chemical
Clariant
Meltink 3D
Advanc3D Materials
SIMONA AG
MG Chemicals
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the Global 3D Printing Material PLA Filament Market
Automobile Industry
Medical Industry
Electronic Product
Others
Based on Types the Market is categorized into Below types that held the largest 3D Printing Material PLA Filament market share In 2023.
1.75 mm
2.85 mm
Others
Global (United States, Global and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the Global 3D Printing Material PLA Filament Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Global 3D Printing Material PLA Filament Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global 3D Printing Material PLA Filament Market, By Type
6. Global 3D Printing Material PLA Filament Market, By Application
7. Global 3D Printing Material PLA Filament Market, By Geography
Global
Europe
Asia Pacific
Rest of the World
8. Global 3D Printing Material PLA Filament Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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