3D Printed Composite Material Market - Market Size & Forecasting (2017-2028)

The global 3D printed composite material market is estimated to be USD 126.91 million in 2020 and is projected to register a CAGR of 31.9%, reaching USD 1,163.20 million by 2028. But due to the covid-19 impact, the market size estimation has come down to USD 95.60 million in 2020 and is projected to register a CAGR of 27.3% to hit USD 657.89 million by 2028.



This research report categorizes the market for 3D printed composite material based on various segments and region and forecasts revenue growth and analysis of trends in each of the submarkets. The report analyses the key growth drivers, opportunities and challenges which influence the 3D printed composite Material market. Recent market developments and competitive strategies such as expansion, product launch and development, partnership, merger and acquisition have been included in order to draw the competitive landscape in the 3D printed composite material market. The report strategically identifies and profiles the key market players and analyses their core competencies in each segment such as composite, technology, and end-use industry of the 3D printed composite material market.

By composite, this market is segmented as carbon fiber composite, glass fiber composite, and aramid & graphene fiber composite. Increasing demand for carbon fiber materials in aerospace & defense applications is one of the key factors that will drive the market growth of this segment during the forecast period.

By technology, the 3D printed composite material market has been segmented into material extrusion technology, powder bed infusion, and others. The material extrusion technology has been widely used across various applications with compatibility for 3D printed composite material. Also, the material offering for this segment is wide, making it one of the most preferred technologies for printing composites. The powder bed infusion technology is relatively new and has been witnessing significant developments for applications of composite materials.

On the basis of end-use industry, the global 3D printed composite material market is divided into aerospace & defense, automotive, healthcare, and others. The growing automotive industry across the world is helping to boost the global 3D printed composite material market in the forecast period. Nowadays, 3D printing technologies have rapidly changed automotive industry to design, develop and manufacture new things. In the automotive industry, 3D Printing technique allowing for lighter and more complex structures in the fast time. For instance, Local Motor had printed the first 3D-printed electric car in 2014. Moreover, 3D printing technology can reduce costs and time; therefore, it allows testing new designs in a very less time. All these factors are contributing to the growth of automotive segment of the 3D printed composite material market

Based on region, the 3D printed composite material market has been segmented into North America, Western Europe, Asia Pacific, Eastern Europe, Middle East, and Rest of the World. In 2020, the Asia Pacific accounted for the largest share in the global 3D printed composite material market. The Asia Pacific region is experiencing notable growth due to the growing adoption of 3D printing in healthcare, aerospace and defense, and automotive industry. Various initiatives for 3D printing by government are contributing towards the growth of the 3D printed composite material market in this region. In recent years, several hospitals in Asia-Pacific region have benefitted from 3D-printed organ models that surgeons prepare for complex surgeries. Furthermore, increase in the number of passengers traveling by air and growing aerospace industry is expected to propel the demand for new aircraft and thereby 3D printed components and 3D printed composite material in the near future. All these factors are anticipated to boost the growth of the 3D printed composite material market in the region.

WHAT THIS STUDY PROVIDES

• 3D printed composite material market and submarket forecast covering the period of 2017 to 2028, with accompanying analysis
• Extensive details and analysis of contracts, projects, and programs
• Analysis of game-changing technological trends and how these will shape the industry
• Explanation or political, regulatory and technical factors to consider
• Barriers to entry analysis for markets around the world
• Profiles of leading companies operating within the sector with market share analysis
• SWOT analysis of the major strengths and weaknesses of the market, together with the opportunities available and the key threats faced
• Market conclusions & recommendations

KEY QUESTIONS ANSWERED BY THIS REPORT

• How the 3D printed composite material market is evolving?
• What is driving and restraining factors for global 3D printed composite material market?
• How will each 3D printed composite material submarket segment grow over the forecast period and how much sales will these submarkets account for in 2028?
• How will market shares of each 3D printed composite material submarket develop from 2017-2028?
• Which 3D printed composite material submarket will be the main driver of the overall market from 2017-2028?
• How will political and regulatory factors influence regional 3D printed composite material markets and submarkets?
• Will leading national 3D printed composite material broadly follow macroeconomic dynamics, or will individual country sectors outperform the rest of the economy?
• How will market shares of the national markets change by 2028 and which nation will lead the market in 2028?
• Who are the leading players and what are their prospects over the forecast period?
• How will the sector evolve as alliances form during the period between 2017 and 2028?