The ABS Filament 3D Printing Material market was valued at US$152.576 million in 2020 and is expected to grow at a CAGR of 30.62% over the forecast period to reach a total market size of US$989.689 million by 2027.
Materials such as plastic, metal, and ceramics are used in filament 3D printing, which is cheaper than other methods because it uses materials like plastic, metal, and ceramics. A large number of 3D printers use ABS (Acrylonitrile Butadiene Styrene), an important material. Parts made from it are made to withstand high temperatures and to remain durable. A burnished finish (glossy) can be achieved with acetone after it has been post-processed with the urethane. Using these filaments in complex structures can be beneficial. One of the factors behind the growth of the 3D printing filament market in various industries, including aerospace, is the increasing demand for mass customization. In the 3D filament industry, many manufacturers are investing in the development of ABS 3D printing filament materials with unparalleled chemical, thermal, electrical, and mechanical properties to meet the needs of critical end-use industries like defense, aerospace, and consumer products. Governments around the world invest heavily in promoting 3D printing technology, which generates demand for ABS filament as well. China has created a 5km squared 3D-printed park with an 88% greening rate that covers 5,523 square meters. These sculptures, benches, flowerbeds, retaining walls, and curbs have been produced using robotic 3D printing of concrete, using self-developed software, printing tools, and concrete printing materials. Additive Manufacturing Technologies (AMT), a 3D printing company based in the United Kingdom, has raised £2.5 million in funding to become one of the world's largest 3D printing companies. These factors are boosting the market for ABS 3D printing filament.
The market for ABS filament 3D technology is also booming due to ongoing research, development, and investment by countries. A USD 13.2 billion allocation in the 2018 US military budget supports technological innovation, including 3D printing. Defense research involving 3D printing has been included in the 2019 US military budget. For research activities in the field of 3D printing, the Singapore Centre for 3D Printing (SC3DP) has received approximately USD 150.0 million over the past decade.
The ABS filament used in 3D printers are a thermoplastic material. It can be easily heated and cooled uniformly. A variety of manufacturing industries use ABS filament for structurally important or detailed parts, as well as for wear and tear. This technology is frequently used to test the impact resistance and durability of products in rapid prototyping and additive manufacturing environments In addition, 3D printing is popular with hobbyists who use it at home or during local maker's fairs. The auto industry's increasing demand for advanced printing also bolsters market growth. Since plastic filaments are low-cost, highly water-resistant, and easy to manufacture, 3D printers frequently use them. To remain competitive in the market, market leaders have continually introduced ABS filaments into their portfolios. Nexeo Plastics, a leading global distributor of thermoplastic resins, has developed and launched the new Addigy® FPB 2684 3D filament made from polycarbonate and ABS in collaboration with material manufacturer Covestro. Filamentive, a 3D printing filament developer in the UK, recently announced PLA Tough. With PLA Tough, manufacturers can combine the impact strength of ABS with the added benefits of PLA, such as ease of printing and environmental impact. Furthermore, MakerBot, the world's leading innovator in 3D printing and a subsidiary of Stratasys Ltd., in December 2020, revealed three new Kimya ABS composite materials by ARMOR to be certified by MakerBot LAB for the MakerBot METHOD X® 3D printer.
The industry, however, remains constrained by a number of restraints along with its driving factors. An ABS build chamber must be closed to allow for proper processing. Many 3D printers do not have this capability. In addition, toxic fumes are emitted during printing. Further, ABS is not a biodegradable material. Petroleum is, after all, the raw material for this material. As ABS filament for 3D printing can be hazardous, the environmental aspect cannot be overlooked.
The Impact of COVID-19 on the ABS Filament 3D Printing Material Market: Several manufacturing units of the end-users have slowed production in response to the COVID-19 outbreak, affecting the supply chain of 3D printing filaments. As the markets affected by the coronavirus are geographically located where it has the most impact, the 3D printing filament market, including the demand for ABS filament, has been slightly impacted by COVID-19. The 3D printing filament headquarters and principal subsidiaries are located in the areas highly impacted by Coronaviruses, so the COVID-19 negatively impacted the ABS filament 3D printing market supply chain as demand was low and production slowed in many factories. A positive impact, however, has been caused by COVID-19's effect on 3D printing filament markets since 3D printing is also used for medical purposes. Due to COVID-19, medical equipment demand grew, alongside the adoption of ABS filaments for 3D printing.
|Market size value in 2020||US$152.576 million|
|Market size value in 2027||US$989.689 million|
|Growth Rate||CAGR of 30.62% from 2020 to 2027|
|Forecast Unit (Value)||USD Million|
|Segments covered||Colour, Diameter, And Geography|
|Regions covered||North America, South America, Europe, Middle East and Africa, Asia Pacific|
|Companies covered||Ciceri de Mondel srl Unipersonale, Treed Filaments, Fillamentum, 3D4Makers, PrintaLot, taulman3D, LLC, 3D Printlife, 3DXTech|
|Customization scope||Free report customization with purchase|
Frequently Asked Questions (FAQs)
Q1. What will be the ABS filament 3D printing material market size by 2027?
A1. The ABS filament 3D printing material market is expected to reach a total market size of US$989.689 million in 2027.
Q2. What are the growth prospects for the ABS filament 3D printing material market?
A2. The global ABS filament 3D printing material market is expected to grow at a CAGR of 30.62% during the forecast period.
Q3. What is the size of the global ABS filament 3D printing material market?
A3. ABS Filament 3D Printing Material Market was valued at US$152.576 million in 2020.
Q4. How is the global ABS filament 3D printing material market segmented?
A4. The ABS filament 3D printing material market has been segmented by color, diameter, and geography.
Q5. What factors are anticipated to drive the ABS filament 3D printing material market growth?
A5. The auto industry's increasing demand for advanced printing bolsters ABS filament 3D printing material market growth.
Ciceri de Mondel srl Unipersonale
All our studies come with 2 months of analyst support.
We are in compliance with the global privacy laws.