The global market for 3D Printed Composite Material is estimated to increase from US$ billion in 2023 to reach US$ billion by 2031, exhibiting a CAGR of 25.9% during 2030
The 3D Printed Composite Material market is expected to grow at a high rate during the forecast period. This growth in the market is attributed to the ease of delivering customized products as per customer's requirements and increasing adoption in the aerospace & defense industry.
Additionally, 3D printing technology is transforming the manufacturing process in the automotive industry. The technology has helped the industry in making more complex and lighter structures at optimized costs.
On the other hand, the high cost of 3d printing materials and lack of standard process controls for 3d printed composite material is likely to hamper the global 3D Printed Composite Material market during the forecast period.
Covid-19 Impact on 3D Printed Composite Material Market:
The ongoing COVID-19 pandemic conditions have severely affected every sector around the world. Whereas, the chemicals and materials sectors were moderately affected during the pandemic. This is primarily due to the uncut demand for chemicals for healthcare, life science, and cleaning agents. However, other elements of chemical and material sectors such as paints, industrial oil, construction materials are facing diminution in demand. Strict lockdown resulted in a nearly 50-60% reduction in supply for raw materials, which directly affected the manufacturing process. Further, halt on many end-use industries directly affected the chemical demand all around the world
3D Printed Composite Material Market Segment Overview
Based on composite, 3D printed composite materials market segmented into Carbon Fiber Composites, Glass Fiber Composites, and Aramid and Graphene Fiber Composites. Among these, carbon fiber composites accounted for the largest share in the global 3D printed composite materials market, by composite in 2019. Factors such as ease of processing, potential cost reductions, increased part complexity, and functional integration (e.g., building fiber-optic sensors right into the composite structure) drives the market for 3D printed carbon fiber composites.
Based on technology, the global 3D Printed Composite Material market is segmented into Material Extrusion Technology, Powder Bed Infusion, and Others. Among these, the Material Extrusion Technology type dominated the overall 3D Printed Composite Material market in 2019. As Material extrusion is now the most popular additive manufacturing process in terms of availability for general consumer demand and quality, the segment holds the highest market share.
Based on end-use, the global 3D Printed Composite Material market is segmented into aerospace & defense, automotive, healthcare, and others. Out of which, Aerospace & Defense accounted for the largest share in the global 3D printed composite material market. 3D printing technology is a cost-effective approach that generates less waste and brings down the overall weight of the end-product. Therefore, the fuel efficiency and reduction in raw material usage are leading to the growing popularity of 3D-printed composite materials in the aerospace sector.
Market Analysis, Insights, and Forecast – By Composite
· Carbon Fiber Composites
· Glass Fiber Composites
· Aramid and Graphene Fiber Composites
Market Analysis, Insights and Forecast – By Technology
· Material Extrusion Technology
· Powder Bed Infusion
· Others
Market Analysis, Insights, and Forecast – By End User
· Healthcare
· Aerospace & Defense
· Automotive
· Others
3D Printed Composite Material Market Regional Overview
The regional analysis includes the adoption of 3D Printed Composite Material products across North America, Europe, Asia-Pacific (APAC), Latin America Middle East & Africa (MEA). Among these regions, North America accounted for the largest share in the global 3D printed composite materials market. The growth of this market is attributed to the growing adoption of 3D printing materials in the automotive and aerospace sector; and presence of large aircraft manufacturing companies. On the other hand, Asia Pacific is expected to grow with the highest CAGR in the forecasted period. This region is experiencing notable growth due to the growing adoption of 3D printing in healthcare, aerospace and defense, and automotive industry and various initiatives for 3D printing by government are contributing towards the growth of the 3D printed composite materials market in this region.
3D Printed Composite Material Market, By Geography
· North America (US & Canada)
· Europe (UK, Germany, France, Italy, Spain, & Rest of Europe)
· Asia-Pacific (Japan, China, India, Australia, & South Korea, & Rest of Asia-Pacific)
· LAMEA (Brazil, Saudi Arabia, UAE & Rest of LAMEA)
3D Printed Composite Material Market Competitor overview
Some key developments and strategies adopted by manufacturers in 3D Printed Composite Material are highlighted below.
· In February 2020, Markforged Inc. released pure copper for its Metal X System, that makes it more reliable, affordable, and safe way to 3D print the widely used material.
3D Printed Composite Material Market, Key Players
. 3DXTech
. AREVO Inc.
. Arkema Group
. BASF SE
. Cosine Additive Inc.
. CRP Technology Srl
. Hoganas AB
. Koninklijke DSM NV
. Sandvik AB
. SLM Solutions Group AG
. Solvay SA
. The ExOne Co.
. Treed Filaments
. EOS GmbH
. Materialise NV
1. Introduction
- 1.1. Research Scope
- 1.2. Market Segmentation
- 1.3. Research Methodology
- 1.4. Definitions and Assumptions
2. Executive Summary
3. Market Dynamics
- 3.1. Market Drivers
- 3.2. Market Restraints
- 3.3. Market Opportunities
4. Key Insights
- 4.1. Key Emerging Trends – For Major Countries
- 4.2. Latest Technological Advancement
- 4.3. Regulatory Landscape
- 4.4. Industry SWOT Analysis
- 4.5. Porters Five Forces Analysis
5. Global 3D Printed Composite Material Market Analysis (USD Billion), Insights and Forecast, 2021-2030
- 5.1. Key Findings / Summary
- 5.2. Market Analysis, Insights, and Forecast – By Composite
- 5.2.1. Carbon Fiber Composites
- 5.2.2. Glass Fiber Composites
- 5.2.3. Aramid and Graphene Fiber Composites
- 5.3. Market Analysis, Insights and Forecast – By Technology
- 5.3.1. Material Extrusion Technology
- 5.3.2. Powder Bed Infusion
- 5.3.3. Others
- 5.4. Market Analysis, Insights, and Forecast – By End User
- 5.4.1. Healthcare
- 5.4.2. Aerospace & Defense
- 5.4.3. Automotive
- 5.4.4. Others
- 5.5. Market Analysis, Insights and Forecast – By Region
- 5.5.1. North America
- 5.5.2. Europe
- 5.5.3. Asia Pacific
- 5.5.4. Latin America, Middle East, and Africa
6. North America 3D Printed Composite Material Market Analysis (USD Billion), Insights and Forecast, 2021-2030
- 6.1. Key Findings / Summary
- 6.2. Market Analysis, Insights, and Forecast – By Composite
- 6.2.1. Carbon Fiber Composites
- 6.2.2. Glass Fiber Composites
- 6.2.3. Aramid and Graphene Fiber Composites
- 6.3. Market Analysis, Insights and Forecast – By Technology
- 6.3.1. Material Extrusion Technology
- 6.3.2. Powder Bed Infusion
- 6.3.3. Others
- 6.4. Market Analysis, Insights, and Forecast – By End User
- 6.4.1. Healthcare
- 6.4.2. Aerospace & Defense
- 6.4.3. Automotive
- 6.4.4. Others
- 6.5. Market Analysis, Insights and Forecast – By Country
- 6.5.1. U.S.
- 6.5.2. Canada
7. Europe 3D Printed Composite Material Market Analysis (USD Billion), Insights and Forecast, 2021-2030
- 7.1. Key Findings / Summary
- 7.2. Market Analysis, Insights, and Forecast – By Composite
- 7.2.1. Carbon Fiber Composites
- 7.2.2. Glass Fiber Composites
- 7.2.3. Aramid and Graphene Fiber Composites
- 7.3. Market Analysis, Insights and Forecast – By Technology
- 7.3.1. Material Extrusion Technology
- 7.3.2. Powder Bed Infusion
- 7.3.3. Others
- 7.4. Market Analysis, Insights, and Forecast – By End User
- 7.4.1. Healthcare
- 7.4.2. Aerospace & Defense
- 7.4.3. Automotive
- 7.4.4. Others
- 7.5. Market Analysis, Insights and Forecast – By Country
- 7.5.1. UK
- 7.5.2. Germany
- 7.5.3. France
- 7.5.4. Italy
- 7.5.5. Spain
- 7.5.6. Russia
- 7.5.7. Rest of Europe
8. Asia Pacific 3D Printed Composite Material Market Analysis (USD Billion), Insights and Forecast, 2021-2030
- 8.1. Key Findings / Summary
- 8.2. Market Analysis, Insights, and Forecast – By Composite
- 8.2.1. Carbon Fiber Composites
- 8.2.2. Glass Fiber Composites
- 8.2.3. Aramid and Graphene Fiber Composites
- 8.3. Market Analysis, Insights and Forecast – By Technology
- 8.3.1. Material Extrusion Technology
- 8.3.2. Powder Bed Infusion
- 8.3.3. Others
- 8.4. Market Analysis, Insights, and Forecast – By End User
- 8.4.1. Healthcare
- 8.4.2. Aerospace & Defense
- 8.4.3. Automotive
- 8.4.4. Others
- 8.5. Market Analysis, Insights and Forecast – By Country
- 8.5.1. China
- 8.5.2. India
- 8.5.3. Japan
- 8.5.4. Australia
- 8.5.5. South East Asia
- 8.5.6. Rest of Asia Pacific
9. Latin America, Middle East, and Africa 3D Printed Composite Material Market Analysis (USD Billion), Insights and Forecast, 2021-2030
- 9.1. Key Findings / Summary
- 9.2. Market Analysis, Insights, and Forecast – By Composite
- 9.2.1. Carbon Fiber Composites
- 9.2.2. Glass Fiber Composites
- 9.2.3. Aramid and Graphene Fiber Composites
- 9.3. Market Analysis, Insights and Forecast – By Technology
- 9.3.1. Material Extrusion Technology
- 9.3.2. Powder Bed Infusion
- 9.3.3. Others
- 9.4. Market Analysis, Insights, and Forecast – By End User
- 9.4.1. Healthcare
- 9.4.2. Aerospace & Defense
- 9.4.3. Automotive
- 9.4.4. Others
- 9.5. Market Analysis, Insights and Forecast – By Country
- 9.5.1. Brazil
- 9.5.2. Saudi Arabia
- 9.5.3. UAE
- 9.5.4. Rest of LAMEA
10. Competitive Analysis
- 10.1. Company Market Share Analysis, 2018
- 10.2. Key Industry Developments
- 10.3. Company Profile
- 10.4. 3D Systems Corp.
- 10.4.1. Business Overview
- 10.4.2. Segment 1 & Service Offering
- 10.4.3. Overall Revenue
- 10.4.4. Geographic Presence
- 10.4.5. Recent Development
- 10.5. Stratasys Ltd.
- 10.6. Markforged Inc.
- 10.7. Graphite Additive Manufacturing Ltd.
- 10.8. CRP Technology
- 10.9. TreeD Filament
- 10.10. Black Magic 3D
- 10.11. EOS
- 10.12. Prodways
Data Library Research are conducted by industry experts who offer insight on industry structure, market segmentations technology assessment and competitive landscape (CL), and penetration, as well as on emerging trends. Their analysis is based on primary interviews (~ 80%) and secondary research (~ 20%) as well as years of professional expertise in their respective industries. Adding to this, by analysing historical trends and current market positions, our analysts predict where the market will be headed for the next five years. Furthermore, the varying trends of segment & categories geographically presented are also studied and the estimated based on the primary & secondary research.
In this particular report from the supply side Data Library Research has conducted primary surveys (interviews) with the key level executives (VP, CEO’s, Marketing Director, Business Development Manager and SOFT) of the companies that active & prominent as well as the midsized organization
FIGURE 1: DLR RESEARH PROCESS
Extensive primary research was conducted to gain a deeper insight of the market and industry performance. The analysis is based on both primary and secondary research as well as years of professional expertise in the respective industries.
In addition to analysing current and historical trends, our analysts predict where the market is headed over the next five years.
It varies by segment for these categories geographically presented in the list of market tables. Speaking about this particular report we have conducted primary surveys (interviews) with the key level executives (VP, CEO’s, Marketing Director, Business Development Manager and many more) of the major players active in the market.
Secondary ResearchSecondary research was mainly used to collect and identify information useful for the extensive, technical, market-oriented, and Friend’s study of the Global Extra Neutral Alcohol. It was also used to obtain key information about major players, market classification and segmentation according to the industry trends, geographical markets, and developments related to the market and technology perspectives. For this study, analysts have gathered information from various credible sources, such as annual reports, sec filings, journals, white papers, SOFT presentations, and company web sites.
Market Size EstimationBoth, top-down and bottom-up approaches were used to estimate and validate the size of the Global market and to estimate the size of various other dependent submarkets in the overall Extra Neutral Alcohol. The key players in the market were identified through secondary research and their market contributions in the respective geographies were determined through primary and secondary research.
Forecast Model
