Favorable Government Policies to Positively Impact 3D Printing Filament Industry Growth
The global 3D printing filament market is estimated to touch USD 8.1 billion at a 23% CAGR between 2022–2030, reveals the Market Research Future (MRFR) report. 3D printing filaments are used for manufacturing different 3D components for their application in various end use industries. Owing to its alluring features such as flexibility, excellent toughness, minimal shrinkage, high-temperature resistance, durability, and excellent strength, 3D printing filament finds wide application in healthcare, automobile, and aerospace industries. Numerous factors are adding to the global 3D printing filament industry growth. Such factors, according to the recent MRFR report, include the growing demand for environmentally-friendly products, rising consumption of electronics, and increasing emphasis on end use industries towards 3D printing technologies. Rapid urbanization and favorable government policies in South Korea, South Africa, Brazil, China, and India are also adding market...