Global 3D-Printed Composites Market by Composite Type (Continuous and Discontinuous), by Reinforcement Type (Carbon Fiber, Glass Fiber, and Others), by End-Use Industry Type (Aerospace & Defense, Transportation, Medical, Consumer Goods, and Others), by Technology Type (Extrusion, Powder Bed Fusion, and Others), and by Region (North America, Europe, and Rest of the World), Forecast, Competitive Analysis, and Growth Opportunity: 2017-2022
This report, from Stratview Research, studies the 3D-Printed composites market over the period 2017 to 2022. The report provides detailed insights into the market dynamics to enable informed business decision-making and growth strategy formulation based on the opportunities in the market.
The Global 3D-Printed Composites Market: Highlights
The global 3D-Printed composites market is projected to reach US$ 111.1 million in 2022. In the composites industry, 3D printing technology is relatively new and unheralded, but it has now got successful in gaining ground, driven by an advancement in the 3D printing technologies, low part cycle time, an efficient process, compatibility with all possible material combinations, lower material wastage, and an organic growth of composite materials in the different industries.
3D-Printed Composites Market
Currently, most of the composite parts are fabricated through labor-intensive manufacturing processes, such as hand layup, which place this versatile material behind in the race compared with other competing materials in the mass-produced applications. Over the past two decades, composites industry has experienced a sheer transformation in the development of manufacturing process in terms of automation; however, end-use industries, such as automotive, are still demanding further reduction in the overall cycle time of finished parts. At the same time, they are also looking for such a process which curtails wastage during production. Here, 3D printing plays a vital role in delivering the customers’ expectation by making parts in lesser time with reduced wastage.
The global 3D-Printed composites market is segmented based on composite type as continuous fibers and discontinuous fibers. The continuous fiber is projected to remain the most preferred composite type for 3D printing during the forecast period of 2017 to 2022. Discontinuous fiber-based composite is also gaining market traction because of its higher strength.
The global 3D-Printed composites market is segmented based on reinforcement type as carbon fiber composites, glass fiber composites, and other composites. Carbon fiber is projected to remain the largest reinforcement type in the global 3D-printed composites market during the forecast period. This fiber type is also likely to witness the highest growth during the same period. Carbon fiber offers a wide array of advantages over competing materials, such as lightweight, higher strength and stiffness, and exceptional fatigue and corrosion resistance. The penetration of carbon fiber is incessantly increasing owing to its excellent properties and external market factors. High demand for lightweight components in the structural applications for improving fuel efficiency or reducing carbon emissions is the leading growth driver of the increased demand for carbon fibers in major industries, such as aerospace & defense and automotive.
The global 3D-Printed composites market is segmented based on technology type as extrusion, powder bed fusion, and others. The extrusion is expected to remain the most dominant technology for the fabrication of 3D-printed composite parts during the forecast period; however, powder bed infusion technology is estimated to grow at the highest rate during the same period.
North America is projected to remain the most dominant 3D-printed composites market during the forecast period. The region is also the largest manufacturer of the advanced composites globally. Additionally, many ongoing R&D projects favor the growth of 3D-printed composite parts in this region. Europe is likely to remain the second largest market for 3D-printed composite parts during the same period.
Stratasys Ltd., 3D Systems Corporation, Arevo Labs, MarkForged, Inc., Cincinnati Incorporated, Graphite Additive Manufacturing Limited, EnvisionTEC, and CRP Group are some of the well-known 3D printing research labs offering 3D-printed composite parts in the market. Development of an advanced technology, collaboration among composite stakeholders including 3D printers, and development of new applications are some of the key strategies adopted by major players to gain a competitive edge in the market.
This report offers high-quality insights and is the outcome of detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders and validation and triangulation with Stratview Research’s internal database and statistical tools. More than 500 authenticated secondary sources, such as company annual reports, fact book, press release, journals, investor presentation, white papers, patents, and articles have been leveraged to gather the data. We usually conduct about 10 detailed primary interviews with the market players across the value chain in all the four regions and with industry experts to obtain both the qualitative and quantitative insights.
This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision making for the existing market players as well as those willing to enter the market. The following are the key features of the report:
Market structure: Overview, industry life cycle analysis, supply chain analysis
Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis
Market forecast analysis
Market segment forecast
Competitive landscape and dynamics: Market share, Product portfolio, Product launches, etc.
Attractive market segments and associated growth opportunities
Strategic growth opportunities for the existing and new players
Key success factors
The global 3D-Printed composites market is segmented into the following categories.
Global 3D-Printed Composites Market by End-Use Industry Type:
Aerospace & Defense
Global 3D-Printed Composites Market by Composite Type:
Global 3D-Printed Composites Market by Reinforcement Type:
Carbon Fiber Composites
Glass Fiber Composites
Global 3D-Printed Composites Market by Technology Type:
Powder Bed Fusion
Global 3D-Printed Composites Market by Region:
Rest of the world
Report Customization Options
With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:
Detailed profiling of additional market players (up to 3 players)
SWOT analysis of key players (up to 3 players)
Current market segmentation of any one of the end-use industry type by composite type
Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances
Custom Research: Stratview Research offers custom research services across sectors.
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