NEW
YORK, July 9, 2024 /PRNewswire/ -- The global
3D-printed composite materials market size is estimated to grow by
USD 436.9 million from 2024 to 2028,
according to Technavio, with a CAGR of 34.28% during the forecast
period. This growth is driven by the superior properties of
composite materials and increased demand for carbon fiber
composites, although the easy availability of substitutes poses a
challenge. Key market players include 3D Systems Corp., 3DXTech,
AREVO Inc., and BASF SE.
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report
Forecast
period
|
2024-2028
|
Base Year
|
2023
|
Historic
Data
|
2018 - 2022
|
Segment
Covered
|
Material (Carbon fiber,
Glass fiber, and Others), Type (Polymer matrix composites, Metal
matrix composites, and Ceramic matrix composites), and Geography
(North America, Europe, APAC, South America, and Middle East and
Africa)
|
Region
Covered
|
North America, Europe,
APAC, South America, and Middle East and Africa
|
Key companies
profiled
|
3D Systems Corp.,
3DXTech, AREVO Inc., Arkema Group., BASF SE, Cosine Additive Inc.,
CRP Technology Srl, Desktop Metal Inc., EOS GmbH, General Electric
Co., Graphite Additive Manufacturing Ltd., Hoganas AB, Koninklijke
DSM NV, Markforged Holding Corp., MATERIALISE NV, Sandvik AB, SLM
Solutions Group AG, Solvay SA, Stratasys Ltd., and Treed
Filaments
|
Key Market Trends Fueling Growth
The global 3D-printed composite materials market is experiencing
significant growth due to their adoption in the automotive and
aerospace industries. These materials, specifically 3D-printed
carbon fiber composites, offer advantages such as lighter weight,
increased strength, and a high strength-to-weight ratio. These
benefits result in reduced curb weight, improved fuel efficiency,
and extended component lifespan. In the automotive sector,
applications include pickup boxes, interior headliners, door
modules, and door panels. In aerospace, these materials are gaining
traction in both the defense and commercial sectors for their fuel
efficiency and resistance to abrasion and stress. The increasing
global sales of automobiles will further fuel the demand for
3D-printed carbon fiber composite materials in automotive
applications.
The 3D-printed composite materials market is experiencing
significant growth due to its speed-to-market advantages and cost
savings compared to conventional manufacturing methods. Unique
parts made from molten thermoplastic polymers reinforced with
carbon fiber materials are gaining popularity in various
industries. Equipment for 3D printing composite materials is
becoming more accessible, making it practical for designers and
manufacturers in sectors like aerospace and defense, residential
construction, and consumer goods. Titanium parts with superior
mechanical qualities and dimensional precision are being produced
for the automotive, electronics, and energy industries. The
manufacturing of electrical devices, PCBs, and even mundane items
like eyeglasses, carbon fiber bike frames, mascara brushes, helmet
liners, insoles, and eyewear is now possible with 3D printing.
Design flexibility is another key advantage, as CAD design tools
enable the creation of complex geometries that are difficult or
impossible with injection molding. The market for 3D-printed
composite materials is expanding globally, with energy, lasers, and
heat driving innovation. Despite challenges like the Ukraine conflict and raw material costs, the
market continues to grow, with additive manufacturing technology
set to disrupt traditional composite manufacturing.
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Market Challenges
- The 3D-printed composite materials market encompasses
thermoplastic polymers and metal powders as the primary feedstock
in additive manufacturing. Thermoplastic polymers, including
filaments and powders, are widely used due to their ability to
become pliable when heated and solidify upon cooling. Acrylonitrile
butadiene styrene (ABS), polylactic acid (PLA), polyvinyl alcohol
(PVA), and polyethylene terephthalate (PET) are common
thermoplastic polymers. ABS, derived from acrylonitrile, butadiene,
and styrene, is popular for household and personal 3D-printed
items. PVA, a synthetic polymer, offers superior moisture
resistance. PET is a lightweight, durable, and transparent material
used for glossy and translucent products. Metal powders, with high
packaging density and spherical morphology, are in high demand for
3D printing in industries like automotive and aerospace. Commonly
used metals include steel, titanium, nickel, cobalt, copper,
aluminum, and precious metals such as gold, platinum, palladium,
and silver. The increasing utilization of 3D printing in these
industries fuels the demand for metal powders. However, the
availability of substitutes may hinder the growth of the global
3D-printed composite materials market during the forecast
period.
- The 3D-printed composite materials market is experiencing
significant growth due to the advantages offered by additive
manufacturing technology in producing lightweight, strong, and
durable materials. However, challenges persist in implementing this
technology on a larger scale. Conventional composite manufacturing
methods face high production costs and complex processes. In the
aerospace and defense sectors, carbon fiber materials are in high
demand for their strength and stiffness, but the high cost of raw
materials and workforce skills limit their usage. The Ukraine war and conflict have disrupted the
supply of key raw materials, further complicating matters. The
industrial sector, including residential construction, is exploring
the use of 3D-printed composite materials for fuel efficiency and
reduced weight. Current trends include the use of thermosetting
polymers and reinforcing materials in 3D printing. The future
expansion of the market relies on the innovation and breakthrough
technologies in additive manufacturing, including the use of
metals, polymers (plastics), ceramics, and other materials. The
manufacturing industry is transitioning from traditional processes
to digital files and the intended object's configuration, paving
the way for a more efficient and cost-effective future.
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challenges - Download a Sample Report
Segment Overview
This 3d-printed composite materials market report extensively
covers market segmentation by
- Material
- 1.1 Carbon fiber
- 1.2 Glass fiber
- 1.3 Others
- Type
- 2.1 Polymer matrix composites
- 2.2 Metal matrix composites
- 2.3 Ceramic matrix composites
- Geography
- 3.1 North America
- 3.2 Europe
- 3.3 APAC
- 3.4 South America
- 3.5 Middle East and
Africa
1.1 Carbon fiber- The 3D-Printed Composite
Materials Market is experiencing significant growth due to its
advantages over traditional manufacturing methods. These materials
offer high strength-to-weight ratio, improved durability, and
design flexibility. Companies are investing in research and
development to expand their product offerings and cater to various
industries, including automotive, aerospace, and construction. The
market is expected to continue growing as the technology becomes
more accessible and cost-effective.
For more information on market segmentation with geographical
analysis including forecast (2024-2028) and historic data (2018 -
2022) - Download a Sample Report
Research Analysis
The 3D-printed composite materials market is experiencing
significant growth as additive manufacturing technology
revolutionizes the production of lightweight, high-performance
materials. Traditional composite manufacturing methods, such as
hand layup and autoclave curing, are being supplanted by additive
processes that offer increased design freedom, reduced material
waste, and shorter production times. Composite materials, including
carbon fiber, are gaining popularity in various industries,
particularly in aerospace and defense due to their strength and
durability. However, the market faces challenges such as the
availability and cost of raw materials, workforce development, and
geopolitical issues like the Ukraine conflict affecting the supply of key
raw materials. Current trends include the use of digital files to
create the intended object's configuration, and the development of
new 3D-printing technologies using powders, filaments, and liquids.
(Word count: 100)
Market Research Overview
The 3D-printed composite materials market is experiencing
significant growth due to the unique benefits offered by additive
manufacturing technology. Composite materials, including carbon
fiber, are gaining popularity in various industries for their
strength, stiffness, durability, and reduced weight. The aerospace
and defense sectors are major consumers of these materials due to
their high fuel efficiency and the need for lightweight components.
However, the residential construction industry is also exploring
the use of 3D-printed composite materials for faster and more
cost-effective construction. Raw materials used in 3D-printed
composite materials include thermosetting polymers, metals,
ceramics, and polymers (plastics). The workforce required for
traditional composite manufacturing is being replaced by digital
files and 3D printing technology, which allows for the fabrication
of complex parts with precise dimensions. Current trends in the
market include the expansion of composite materials into new
industries such as isolation wards and the electronics sector.
Innovation and breakthrough technologies are driving
speed-to-market and product acceptance, while manufacturing
practicality and design flexibility are key considerations for
designers. Equipment used in 3D printing includes powder, filament,
and liquid materials, as well as molten material processing systems
and lasers. The future of the market looks promising, with
potential applications in industries ranging from energy to
consumer goods, including titanium parts, carbon fiber bike frames,
mascara brushes, helmet liners, insoles, eyewear, and even
eyeglasses. However, the ongoing Ukraine conflict and the resulting increase in
raw material costs may impact the market's growth. Despite this
challenge, the market is expected to continue expanding as additive
manufacturing becomes more widely adopted in industrial processes
and manufacturing industry.
Table of Contents:
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation
- Material
-
- Carbon Fiber
- Glass Fiber
- Others
- Type
-
- Polymer Matrix Composites
- Metal Matrix Composites
- Ceramic Matrix Composites
- Geography
-
- North America
- Europe
- APAC
- South America
- Middle East And Africa
7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix
About Technavio
Technavio is a leading global technology research and advisory
company. Their research and analysis focuses on emerging market
trends and provides actionable insights to help businesses identify
market opportunities and develop effective strategies to optimize
their market positions.
With over 500 specialized analysts, Technavio's report library
consists of more than 17,000 reports and counting, covering 800
technologies, spanning across 50 countries. Their client base
consists of enterprises of all sizes, including more than 100
Fortune 500 companies. This growing client base relies on
Technavio's comprehensive coverage, extensive research, and
actionable market insights to identify opportunities in existing
and potential markets and assess their competitive positions within
changing market scenarios.
Contacts
Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/
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