Latest News - 3D-Printed Composite Materials Market: Carbon fiber is expected to lead the Material segment during 2024-2028

The 3D-Printed Composite Materials Market is being driven by Superior properties of composite materials

The 3D-Printed Composite Materials Market is expected to grow at a CAGR of 34.28% during 2023 and 2028. During this period, the market is also expected to show a growth of USD 436.9 million. In the global market, major corporations within the automotive and aerospace industries are increasingly utilizing 3D-printed carbon fiber composite materials to manufacture cost-effective, lightweight, and robust products. These advanced materials exhibit a superior strength-to-weight ratio compared to traditional metal alternatives, enabling a significant reduction in vehicle curb weight and subsequent improvements in fuel efficiency. This trend is particularly prevalent in the aerospace sector, where carbon fiber composites were previously primarily used by the defense industry. However, commercial aerospace companies are now embracing these materials due to their capacity to enhance fuel efficiency and decrease fuel expenses. 

Get more information on 3D-Printed Composite Materials Market by requesting a sample report

Which Factors Are Causing a Surge in Market Growth?

The market is segmented based on

• Material
  • Carbon fiber
  • Glass fiber
  • Others
• Type
  • Polymer matrix composites
  • Metal matrix composites
  • Ceramic matrix composites
• Geography
  • North America
    • US
  • Europe
    • Germany
    • UK
  • APAC
    • China
    • Japan
  • South America
  • Middle East and Africa

According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows: 

• Superior properties of composite materials
• Increasing adoption of additive manufacturing
• Increasing demand in aerospace sector

However, the market also witnesses some limitations, which are as follows:

• Easy availability of substitutes
• Slowdown in manufacturing sector in China
• Requirement of trained and skilled manpower

Benefits of Buying Global 3D-Printed Composite Materials Market Research Report by Technavio

Rich Experience: 20+ years leading global market research, trusted insights across industries.

Unlock Business Potential with Technavio: Maximize ROI with Technavio's tailored market research: deep dives and actionable insights.

Your Guide to Market Success: Empower your business with Technavio's market research and future-proof your decisions.

Market Scope in 3D-Printed Composite Materials Market Research Report

Find out which segment is leading the market by accessing the free PDF report

Research Analysis Overview

The 3D-Printed Composite Materials market is experiencing significant growth due to the current trends towards lightweight materials and additive manufacturing technology. Two common methods for 3D printing composite materials are using liquid resins and filament. Liquid resins are ideal for creating complex geometries, while filament is more suitable for producing larger, more intricate parts. Powder-based 3D printing is another method gaining popularity, particularly in the aerospace and defense industries, where the need for strong, high-performance materials is paramount. The finished thing, once printed, is linked to its intended object's configuration through a digital file. The Global markets for 3D-Printed Composite Materials are expanding, with Ukraine being a significant player due to its rich raw materials and skilled workforce. However, the ongoing conflict in the region has disrupted the supply chain and increased costs. Carbon fiber materials are a popular choice for 3D-Printed Composite Materials due to their high strength-to-weight ratio. Residential construction is another sector that is exploring the use of these materials for creating lightweight, durable structures. Despite the advantages of 3D-Printed Composite Materials, conventional composite manufacturing still dominates the market. However, as the technology continues to evolve and become more accessible, it is expected to disrupt traditional manufacturing processes and reshape the industry.

Market Research Overview

The global specialty chemicals market encompasses businesses specializing in high-value-add chemicals utilized in the production of diverse products such as fine chemicals, additives, advanced polymers, adhesives, sealants, specialty paints, pigments, and coatings. According to Technavio's market analysis, the market's size is determined by the consolidated revenue generated by these businesses. Factors propelling the expansion of the specialty chemicals market include the increasing preference for specialty adhesives and sealants, driven by the growing demand for these products across various industries. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/