Quince Market Insights has released a new research study titled “3D Printed Composite Materials Market” 2023 analysis by the following subjects: “Industry size, share, growth, segmentation, companies and developments, key trends, market drivers, restraints, regulations, distribution methods, opportunities, strategies, potential road maps, and annual forecast till 2032′′. The purpose of the market research study is to thoroughly investigate the industry in order to gain knowledge of the industry and its economic potential. As a result, the client has complete knowledge of the market and business from past, present, and prospective aspects enabling them to allocate resources and invest money wisely. This report has a complete table of contents, Market figures, tables, and charts, as well as insightful analysis.
The 3D Printed Composite Materials Market size is estimated to be USD 167.99 million in 2022 and is projected to register a CAGR of 37.87% during forecast period.
Key Highlights of the 3D Printed Composite Materials Market Analysis include:
The report includes historical, forecast data, which is used to make future predictions and industry analysis.
The report includes information on regional and global trade, as well as consumption value and production capacity for each country.
Additional essential metrics used for market growth research include Porter's five forces analysis, value chain analysis, and SWOT analysis.
For 2020 and 2021, the study provides concise insights into how the pandemic has affected demand.
Profiles of some of the major players in the global 3D Printed Composite Materials Market, which include Markforged, Stratasys Ltd., 3D Systems Corporation, Arevo Labs, Cincinnati Incorporated, Graphite Additive Manufacturing Limited, CRP Group, 3DXTech, Treed Filaments, Black Magic 3D, EOS, Prodways, EnvisionTEC, DWS Systems, and DeltaMed
3D printing or additive manufacturing (AM) is still at a very nascent stage in the composites industry however, the technology possesses huge opportunities in most of the industry verticals including aerospace & defense, healthcare, and automotive.
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The global 3D Printed Composite Materials Market research report utilizes both primary and secondary data sources. Government laws, market circumstances, competitive levels, historical data, market status, anticipated changes in linked firms, market volatility, and prospects are just a few of the industry-affecting elements studied during the research process.
Key Impact Factors of the Market:
3D printed composites materials provide good electrical, thermal, and mechanical properties such as flexural strength, durability, high stiffness and compatibility to that of other competing materials parts
Production of 3D printed composites materials/components are performed in moldless and without autoclave environment
Growing demand for composite materials, parts & components from aerospace & defence, automotive and healthcare industries along with the increasing R&D activities
The global 3D Printed Composite Materials Market is segmented on the basis
By End-Use Industry (Aerospace & Defense, Healthcare, Automotive, Others), By Composite Type (Carbon Fiber Composites, Glass Fiber Composites, Aramid and Graphene Fiber Composites), By Technology Type (Material Extrusion Technology, Fusion Bed Infusion, Others)
Regional Analysis:
✫ North America (U.S., Canada, Mexico) ✫ Europe (U.K., Italy, Germany, Russia, France, Spain, The Netherlands and Rest of Europe) ✫ Asia-Pacific (India, Japan, China, South Korea, Australia, Indonesia, Singapore, Rest of Asia Pacific) ✫ South America (Colombia, Brazil, Argentina, Rest of South America) ✫ Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of Middle East & Africa)
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Industry News of the Market:
In February, 2020, CRP Technology launched the first flame-retardant polyamide-based glass fibre reinforced material for Selective Laser Sintering (SLS). The product has some advanced properties such as electrical insulation and smoother surface owing to which it has suitable application in aerospace industry.
In June, 2019, Markforged Inc., one of the leading manufacturers of carbon fiber 3D printers, announced a partnership agreement with Shawcor Ltd., an energy service company based in Canada. Under this agreement Markforged Inc. will provide parts using composite 3D printing technology thta will cut cost and time for Shawcor Ltd.
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