ASA Filament 3D Printing Material Market Trends

Statistics for the 2023 & 2024 ASA Filament 3D Printing Material market trends, created by Mordor Intelligence™ Industry Reports. ASA Filament 3D Printing Material trend report includes a market forecast to 2029 and historical overview. Get a sample of this industry trends analysis as a free report PDF download.

Market Trends of ASA Filament 3D Printing Material Industry

Prototyping Applications to Witness Significant Growth in Adoption of ASA Filaments

  • Stratasys, a prominent player in the 3D printing industry, highlights ASA as a versatile prototyping material known for its outstanding UV stability. ASA's resilience against prolonged outdoor exposure makes it particularly ideal for outdoor, commercial, and infrastructure-related production components. Parts crafted with ASA boast accuracy and stability and exhibit remarkable durability.
  • Automotive companies increasingly adopt 3D printing for rapid prototyping, enabling quicker design iterations and market entry. ASA filament, known for its resilience against environmental factors like heat and UV light, is preferred for prototyping exterior components, including side mirrors, bumpers, and grilles.
  • Furthermore, the rising trend of vehicle personalization has intensified the demand for ASA filaments. As consumers increasingly seek tailored products, manufacturers leverage 3D printing to craft unique prototypes and customized parts in limited runs.
  • Rapid prototyping is increasingly being adopted in key sectors such as aerospace and electronics, aiming to accelerate product development without compromising on accuracy and quality. Leveraging 3D printing, this method enables swift and efficient prototype creation. Consequently, manufacturers can identify and rectify design flaws early in the development, enhancing performance and overall product functionality.
  • As a result, the forecast period is set to see heightened investments in additive manufacturing techniques for prototyping, fostering a conducive environment for the studied market's expansion. For instance, according to a March 2024 survey by Protolabs, prototyping was the leading use case of 3D printing in 2023.
ASA Filament 3D Printing Material Market: Key Applications of 3D Printing, in %, Global, 2023

North America Holds a Significant Market Share

  • The North American region is anticipated to remain the prominent region for the ASA filament market during the forecast period due to various factors, including the presence of a relatively stronger local ecosystem for 3D printing and additive manufacturing, a higher awareness among consumers about the benefits of 3D printed parts, and the presence of several vendors offering at various stages of the 3D printing industry value chain, among others.
  • North America's automotive industry significantly drives the ASA filament market. With a growing emphasis on lightweight vehicles and customization, automakers increasingly turn to 3D printing technologies to cut production costs and time. Moreover, as the region intensifies its focus on electric vehicles (EVs), the demand for ASA filament is anticipated to surge, given that EVs necessitate lightweight and energy-efficient components.
  • For instance, General Motors has been eyeing 3D printing since the late 1980s, initially as a rapid prototyping solution. Their latest offering, the Cadillac Celestiq, an electric ultra-luxury flagship, boasts over a hundred 3D-printed components. These parts range from window switches and grab handles to console decor and structural elements beneath the vehicle's surface. While production volumes remain low, such advancements are poised to accelerate the adoption of 3D-printed exterior vehicle components, bolstering market growth.
  • The United States leads the global aerospace sector, with industry giants like Boeing, Lockheed Martin, and SpaceX integrating 3D printing technologies into their manufacturing processes. In a significant move, Boeing plans to test a fully 3D-printed main rotor system for the AH-64 Apache attack helicopter in 2024. In a parallel move, GE Aerospace, in 2024, unveiled plans to channel over USD 650 million into its operations. This investment aims to ramp up production of its 3D printing-enabled LEAP engines and facilitate full-scale production of the GE9X engines, which proudly incorporate over 300 3D-printed parts.
  • As ASA filaments, known for their high impact and temperature resistance, can endure mechanical stress over extended periods, they are particularly suited for aerospace applications. Consequently, the robust local ecosystem supporting the aerospace industry in North America bolsters the growth of the studied market.
  • Regional investments in 3D printer manufacturing are further propelling the market. In 2024, Prusa Research, a European frontrunner in 3D printers and ASA filaments, declared its North American manufacturing debut via its American subsidiary, Printed Solid. This strategic move aims to cater more effectively to North American clientele. Collaborating with Printed Solid, Prusa is set to produce filaments right in Newark, Delaware.
ASA Filament 3D Printing Material Market:  Market CAGR (%), By Region, Global

Asa Filament 3d Printing Material Market Size & Share Analysis - Growth Trends & Forecast (2024 - 2029)