TMRR, in its latest market intelligence study, finds that the global 3D-printed Composite Materials market registered a value of ~US$ xx Mn/Bn in 2018 and is spectated to grow at CAGR of xx% during the foreseeable period 2019-2029. In terms of product type, segment holds the largest share, while segment 1 and segment 2 hold significant share in terms of end use.
The 3D-printed Composite Materials market study outlines the key regions – Region 1 (Country 1, Country 2), region 2 (Country 1, Country 2), region 3 (Country 1, Country 2) and region 4 (Country 1, Country 2). All the consumption trends and adoption patterns of the 3D-printed Composite Materials are covered in the report. Prominent players, including player 1, player 2, player 3 and player 4, among others, account for substantial shares in the global 3D-printed Composite Materials market.
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Some of the key players in the global 3D-printed composite materials market are 3D Systems, Inc., Markforged, Inc., Materialise, Solvay, and Stratasys Ltd.
These companies are adopting the numerous other organic and inorganic growth strategies in order to strengthen their position in the global 3D-printed composite materials market. Higher investment and enhancing production capacity are the key growth strategies, which are adopted by the key players to expand their global presence. Additionally, these all factors are leading to cater demand for 3D-printed composite materials mainly from the emerging economies.
Here are some of the notable developments in recent years that are benefitting the growth of the market:
- Recently in 29019, the Silicon Valley-based Arevo publicized a partnership deal with Franco Bicycles to deliver world’s first cycle manufactured from 3D printed composite material. Arevo frame is made to be a single part and will be glued together to form a cycle. Widening use of these materials is propelling growth of the global 3D printed composite materials market.
Global 3D-printed Composite Materials Market: Key Trends
The rising demand for 3D-printed composite materials from the aerospace sector is one of the key factor driving the growth of the 3D-printed composite materials market. Manufacturer of aircraft engine broadly prefers 3D-printed composite materials to alloy-based counterparts and metal to manufacture high-pressure turbines. These high-pressure turbines have high-temperature resistance and low weight. Additionally, in order to have high wear resistance, the 3D-printed composite materials are fuelling the growth of the energy efficient engine coupled with lowering emissions by minimizing fuel burn.
In addition, the use of 3D-printing technology has cost-effective approach as it generates less waste, and reduces the weight of end-product is driving the growth of the global 3D-printed composites materials market. Further, low raw material requirement and growing popularity of 3D-printing across the sectors such as the aerospace sector is propelling the growth of the global 3D-printed composite materials market.
Moreover, with the growing sale of personal cars and automobiles globally, the demand for these materials to be used across the production of seating applications, door modules, automotive door panels, interior headliners, and pick up boxes is expected to increase globally. Thus, the global 3D-printed composite materials market is expected to witness the fastest growth in the coming years.
Global 3D-printed Composite Materials Market: Regional Outlook
Regionally, the 3D-printed composite materials market could be segmented into North America, Asia Pacific, Europe, Latin America, and the Middle East & Africa. Of these, North America is expected to be dominant in the 3D-printed composite materials market in terms of revenue, demand, and consumption by the end of the forecast period. This growth of the region is attributable to the increasing investments by governments in the 3D-printed composite materials market in the region.
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The 3D-printed Composite Materials market research answers important questions, including the following:
- What was the number of units of the 3D-printed Composite Materials sold in 2018?
- Which distribution channel is best suitable for the distribution of 3D-printed Composite Materials ?
- How are the vendors overcoming the challenges associated with the use of 3D-printed Composite Materials ?
- What R&D projects are the 3D-printed Composite Materials players implementing?
- Which segment will lead the global 3D-printed Composite Materials market by 2029 by product type?
The 3D-printed Composite Materials market research serves a platter of the following information:
- In-depth analysis of the drivers, restraints, opportunities and trends influencing the growth of the global 3D-printed Composite Materials market.
- Critical breakdown of the 3D-printed Composite Materials market as per product type, and end use industry.
- Exhaustive understanding of the strengths, weaknesses, opportunities and threats of various 3D-printed Composite Materials market players.
- Precise year-on-year growth of the global 3D-printed Composite Materials market in terms of value and volume.
- Regional analysis further broken down into countries for minute details.
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