The 3D printing market is gaining momentum, and the demand for 3D printer filament is increasing exponentially. The primary reasons behind this are the new developments in technology and the ability of the printer to print complex designs and build objects on demand. Recent technological advancements have made the 3D printing process affordable to the masses. The prices of 3D printers have decreased considerably, and the technology is gaining popularity among customers.

3D printing is one of the most promising technologies in manufacturing. 3D printing technology uses digital models to create real-life objects. The digital models can be created using 3D CAD software, the files are then uploaded to the 3D printers, and they start printing. In this way, the consumer can print any desired product. 3D printing technology produces various parts such as shoes, jewelry, furniture, and toys.

The global 3D printer filament market is anticipated to reach USD 1.6 Billion by 2020, growing at a CAGR of 29.9% from 2015 to 2020. The 3D printing filaments are available in a wide variety of materials. The most commonly used materials are PLA filament and ABS filament . However, filament manufacturers are introducing materials such as nylon, wood, and glass. The use of these materials is expected to increase over the coming years, owing to the rising demand for advanced and unique products.

The 3D printer filament market is segmented based on type, material, application, and geography. The market is segmented based on type: ABS filament, PLA filament, HIPS filament,  and others. The market is segmented based on materials: metals, resins, ceramics, and others. Based on application, the market is segmented into medical, aerospace & defense, engineering & construction, automotive, and others. The global 3D printing filament market is expected to grow significantly due to the increasing use of 3D printers in healthcare, education, industry, automotive, and others.

In 2015, the global 3D printing filament market was dominated by Europe, followed by North America and Asia Pacific. However, the demand for 3D printing filament in the European market is expected to decline in the coming years. This is due to the presence of several companies in the region that have started offering 3D printing services at a meager price. Moreover, the number of people purchasing 3D printers is also declining. These factors are expected to adversely impact the growth of the 3D printer filament market in Europe.

However, the market in the Asia Pacific is expected to grow at a significant rate in the coming years. The high level of awareness regarding the benefits of 3D printing technology, coupled with the increasing production of 3D printers in the region, are the major drivers for the market growth in this region.

The market in North America is expected to witness the highest CAGR over the forecast period.