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3D Printed Composite Materials Market - Forecast(2023 - 2028)
3D Printed Composite Materials Overview:
3D Printed Composite Materials Market size is estimated to reach $473 million by 2030, growing at a CAGR of 22.7% during the forecast period 2022-2030. One of the main factors propelling the development of composite 3D printing is the capacity to streamline and reduce the cost of conventional composite manufacturing.
On the other hand, Composite materials are made up of more than one material that, when combined, have properties different from their original materials. This creates great opportunities for the manufacturers. Also, there is an increased demand for carbon fiber materials in Aerospace and Defense that will drive market growth. These factors positively affect the 3D Printed Composite Material Market during the forecast period.
Market Snapshot:
3D Printed Composite Materials Market – Report Coverage:
The “3D Printed Composite Materials Market Report – Forecast (2022-2030)” By IndustryARC, covers an in-depth analysis of the following segments in the 3D Printed Composite Materials Market.
COVID-19 / Ukraine Crisis – Impact Analysis:
● A decline in residential construction due to covid-19 pandemic due to fluctuations in the availability of raw materials and shortage of workforce significantly hampered the 3D Printed Composite Materials industry. According to the U.S. Chamber of Commerce Study, about 85% of contractors faced delays in construction work in July 2020 due to the pandemic. The COVID-19 crisis in 3D Printed Composite Materials Market has affected the Global Supply Chain Relationships and Raw Material Price System
● The Ukraine war has increased demand for lightweight materials, particularly in the defense and aerospace industries. 3D printed composites are lightweight and strong, making them an attractive option for these applications. The ongoing conflict in Ukraine has created uncertainty and volatility in the global markets. This made it more difficult for manufacturers to make long-term investment decisions.
Key Takeaways:
Fastest Growth is in the Asia Pacific Region
Geographically, in the 3D Printed Composite Materials Market share, the Asia Pacific region is analyzed to grow with the highest CAGR of 23.3% during the forecast period 2022-2030.
The Asia Pacific region is home to some of the world's largest and most advanced manufacturing industries. Countries such as China, Japan, and South Korea have a long history of manufacturing excellence, with well-established supply chains and a skilled workforce which helps in the growth of the market.
The above analysis can be supported by the fact that construction growth rate of the APAC region (emerging) is estimated to be 31% through 2030.
Increased demand for Carbon Fiber in Aerospace and Defense
The demand for Carbon in Aerospace and Defense is estimated to grow with the highest CAGR of 23.6% during the forecast period. These Carbon Fibers are greatly in demand because they reduce fuel costs and also the bodies of aircraft are made of carbon fiber, which enhances fuel efficiency. The Carbon Fibers are LightWeight and give a smooth finish to the end product.
Lower Material cost for Composites driving the growth
The overall cost of materials is significantly lower for composites than for products made of metals because they can be precisely molded with little waste and brings down the overall weight of the end product.
Multiple materials are combined to create composite materials, which have unique properties compared to the individual components and thereby reduce the costs.
Adoption of Polymer Matrix Composites
A variety of short and continuous fibers are bound to polymer matrices to form polymer matrix composites. The advantages of polymer matrix composites include their low cost of production and the use of raw materials like carbon and glass fiber. The polymer matrix also makes it easier and more affordable to produce goods. Such positive traits will support the segment's strong growth during the forecast period.
3D Printed Composite Materials Market Share (%) By Region, 2022
Key Market Players:
Product/Service launches, approvals, patents and events, acquisitions, partnerships and collaborations are key strategies adopted by players in the 3D Printed Composite Materials Market. The top 10 companies in this market include:
- Stratasys Ltd. (3D Printers, Rapid Prototyping Solutions)
- MarkForged Inc. (MarkForged 3D Printer)
- 3D Systems Corporation (3D Printers, 3D Printing Materials, 3D Scanners)
- Arevo Labs (Arevo Carbon Fiber)
- Cincinnati Incorporated (Press Brakers, Laser Cutting Machines)
- Graphite Additive Manufacturing Limited (3D Printing, SLS, SLA, FDM, MJF, FFF)
- CRP Group (CRP Materials)
- 3DXTech (FFF/FDM Type 3D Printers, 3DXTech Extensive Materials)
- Treed Filaments (3D Filaments)
- Black Magic 3D (Black Magic 3D Models)
Scope of the Report:
1. 3D Printed Composite Materials – Market Overview
1.1 Definition and Scope
2. 3D Printed Composite Materials - Executive Summary
2.1 Key Trend by Reinforcement Type
2.2 Key Trends by Technology Type
2.3 Key Trends by End-Use Industry
2.4 Key Trends by Geography
3. 3D Printed Composite Materials – Comparative Analysis
3.1 Product Bench Marking – Key Companies
3.2 Global Financial Analysis – Key Companies
3.3 Market Share Analysis – Key Companies
3.4 Patent Analysis
3.5 Pricing Analysis
4. 3D Printed Composite Materials – Startup Companies Scenario (Premium)
4.1 Key Startup Company Analysis by
4.1.1 Investment
4.1.2 Revenue
4.1.3 Venture Capital and Funding Scenario
5. 3D Printed Composite Materials – Market Entry Scenario Premium (Premium)
5.1 Regulatory Framework Overview
5.2 New Business and Ease of Doing Business Index
5.3 Case Studies of Successful Ventures
6. 3D Printed Composite Materials – Forces
6.1 Market Drivers
6.2 Market Constraints
6.3 Market Challenges
6.4 Porter’s Five Force Model
6.4.1 Bargaining Power of Suppliers
6.4.2 Bargaining Powers of Customers
6.4.3 Threat of New Entrants
6.4.4 Rivalry Among Existing Players
6.4.5 Threat of Substitutes
7. 3D Printed Composite Materials – Strategic Analysis
7.1 Supply Chain Analysis
7.2 Opportunities Analysis
7.3 Product Life Cycle
8. 3D Printed Composite Materials – By Reinforcement Type
8.1 Carbon
8.2 Glass
8.3 Others
9. 3D Printed Composite Materials - By Technology Type
9.1 Material Extrusion Technology
9.2 Powder Bed Infusion
9.3 Others
10. 3D Printed Composite Materials - By End-Use Industry
10.1 Aerospace and Defense
10.2 Automotive and Transportation
10.3 Consumer Electronics and Hardware
10.4 Healthcare and Hospital
10.5 Others
11. 3D Printed Composite Materials - By Geography
11.1 North America
11.2 Europe
11.3 APAC
11.4 South America
11.5 Middle East and Africa
12. 3D Printed Composite Materials – Entropy
13. 3D Printed Composite Materials–Industry/Segment Competition Landscape Premium
13.1 Market Share Analysis
13.1.1 Market Share by Technology Type – Key Companies
13.1.2 Market Share by Region – Key Companies
13.1.3 Market Share by Country – Key Companies
13.2 Competition Matrix
13.3 Best Practices for Companies
14. 3D Printed Composite Materials – Key Company List by Country Premium Premium
15. 3D Printed Composite Materials – Company Analysis
1. Stratasys Ltd. (3D Printers, Rapid Prototyping Solutions)
2. MarkForged Inc. (MarkForged 3D Printer)
3. 3D Systems Corporation (3D Printers, 3D Printing Materials, 3D Scanners)
4. Arevo Labs (Arevo Carbon Fiber)
5. Cincinnati Incorporated (Press Brakers, Laser Cutting Machines)
6. Graphite Additive Manufacturing Limited (3D Printing, SLS, SLA, FDM, MJF, FFF)
7. CRP Group (CRP Materials)
8. 3DXTech (FFF/FDM Type 3D Printers, 3DXTech Extensive Materials)
9. Treed Filaments (3D Filaments)
10. Black Magic 3D (Black Magic 3D Models)
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3D Printed Composite Materials Market is projected to grow at 22.7% CAGR during the forecast period 2022-2030.
3D Printed Composite Materials Market size is estimated to be $92 million in 2022 and is projected to reach $473 million by 2030.
The leading players in the 3D Printed Composite Materials Market are Stratasys Ltd, MarkForged Inc., 3D Systems Corporation., Arevo Labs., Treed Filaments and Others.
Ultra-Lightweight Composites, Eco-Friendly Materials, and Digital Composite Manufacturing are some of the major 3D Printed Composite Materials Market trends in the industry which will create growth opportunities for the market during the forecast period.
Increased demand in Aerospace and Defense, Automation and Transportation of 3D Printed Composite Materials are the driving factors of the market.