Based on Fact. MR’s currently released report on Europe 3D printer filament recycler, the market is anticipated to be worth US$ 160.9 million by the end of 2023, with a CAGR of 3.2 % from 2023 to 2033.
Plastic is among the largest segment used in the production of 3d printer filament and plastic is also estimated to be a harmful substance to the environment, owing to this, 3D printer filament recyclers are used. ABS and PLA are two of the plastics that are used the most frequently. The broad market is expanding as a result of the wide availability of plastics for the production of 3D printer filaments and their various applications.
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Additionally, due to the product’s malleability, the market can be further expanded by using the power of technology. The most often used 3d printing filament is ABS, which has a high degree of flexibility and impact resistance. It is frequently utilized in the production of electronic equipment, mobile phone cases, and external vehicle parts, thus, their recycling is also important, owing to this the demand for the 3d printer filament recycler increases.
Recycling filament for 3d printers is helpful when creating objects with intricate structures. The rising demand for mass production and customization from sectors like aerospace is a significant factor driving the market growth of the 3d printing filament market, which influences the market growth of the 3d printer filament recycler market. Additionally, the high demand for plastic filament in manufacturing medical devices and components is also expected to boost the demand in upcoming years.
Upshots from Market Study
By product type, plastic-type 3D printer filament recyclers have the largest market share of approximately 67.0% in the year 2022
By end-user type, automotive is the most popular category for 3D printer filament recyclers and is projected to grow at a CAGR of 3.3% during 2023-2033
Germany is having the most significant market for 3D printer filament recyclers and is expected to reach around US$ 57.3 million market value by the end of the forecast period
The UK is the second largest market and is expected to boost with a CAGR of 2.0% over the forecast period
“Government Initiatives to Manage Waste, Especially Plastic Waste and ABS & PLA are Frequently Used Plastics in 3D Printing, Which, in turn, Augment the Market’s Growth,” – says a Fact.MR analyst
Market Improvements and expansion
The major players operating in the 3D printer filament recycler market are- Perlon, Printing Solutions GmbH, and EOS GmbH. Players are also adopting smart strategies for market expansion and revenue growth.
Manufacturers are focusing on enhancing the efficiency of the machine and offer machines that require less manpower to complete the work. Key players in the market are shifting their focus towards attracting a newer customer base by offering innovative products at a competitive price without compromising on quality and durability.
Key Companies Profiled
- Perlon
- Printing Solutions GmbH
- EOS GmbH
More Valuable Insights
Fact.MR, in its new offering, presents an unbiased analysis of the 3D printer filament recycler market, presenting historical market data (2018-2023) and forecast statistics for the period of 2023-2033.
The study reveals essential insights based on the product type (plastics, metals, ceramics, others), By end user ( aerospace & defense, medical and dental, automotive, electronics, others ), and major countries (Germany, UK, France, Spain , Italy, BENELUX, NORDIC, Rest of Europe).
For More Insights of Fact.MR Trending Report:- https://www.newswire.co.kr/newsRead.php?no=946848
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