3D-Printed Composites Market Forecasted to Reach US$ 111.1 million in 2022

Stratview Research has launched a research report on US$ 111.1 million in 2022. The objective of this report is to identify the Trend, Forecast, Competitive Analysis, and Growth Opportunity of 3D-Printed Composites Market from 2017 to 2022.

This 148 page report is segmented in five ways to provide a 360 degree holistic view. The segments are –
· by End-Use Industry Type (Aerospace & Defense, Transportation, Medical, Consumer Goods, and Others),
· by Composite Type (Continuous Fiber and, Discontinuous Fiber),
· by Reinforcement Type (Carbon Fiber Composites, Glass Fiber Composites, and Other Composites),
· by Technology Type (Extrusion Process, Powder Bed Fusion and Others), and
· by Region
• North America
• Europe
• Rest of the world
Stratview Research, has presented the study of 3D-Printed Composites Market over the trend period of 2011 to 2016 and forecast period of 2017 to 2022. The report provides detailed insights on the market dynamics to enable informed business decision making and growth strategy formulation based on the opportunities present in the market.

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..

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3D-Printed Composites Market: Drivers
The 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.

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.

Carbon fiber is projected to remain the largest reinforcement type

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 extrusion is expected to remain the most dominant technology
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

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.

Report Features
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 on 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 trend and forecast analysis
● Market segment trend and forecast
● Competitive landscape and dynamics: Market share, product portfolio, product launches, etc.
● Attractive market segments and associated growth opportunities
● Emerging trends
● Strategic growth opportunities for the existing and new players
● Key success factors.
● Research Methodology

This report studies the 3D-Printed Composites Market, keeping in mind the interest of all the stakeholders across the value chain. The rich quality of insights is outcome of -
o Extensive secondary research,
o Rigorous primary interviews with more than 15 industry stakeholders across the value chain.
o Validation and triangulation of data with Stratview Research’s internal database and statistical tools.
o 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.

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