3D Printing Composites Market By Type (Polymer Matrix Composites, Ceramic Matrix Composites, Metal Matrix Composites), By End-Use (Aerospace & Defense, Automotive, Electrical & Electronics, Healthcare & Medical) - Growth, Future Prospects And Competitive Analysis, 2017 - 2025

Currently, the majority of the composite parts are made through highly labor-intensive manufacturing processes, which include hand layup, which results in a lack of finishing, leading to reduced applications in various industries. The composites industry has seen many innovations and transformations in its manufacturing processes over the last two decades. Industry sectors such as automation are looking for shorter production times for composites and processes that reduce waste during production. In this case, 3D printing plays a critical role in meeting customer expectations by producing parts in less time with less waste.

The use of composite materials in 3D printing is relatively low; however, composite materials are gaining popularity among researchers and industrial manufacturers. 3D printing typically uses materials such as ABS, polyamide, polycarbonate, etc., for prototyping and manufacturing components and parts. However, these materials lack thermal, chemical, and mechanical stability, which is important for industrial applications. Composite materials possess some superior qualities such as lightweight, a high strength-to-weight ratio, chemical and thermal resistance, and stiffness, which make them suitable for various end-use industries such as automotive, aerospace and defense, electrical and electronics, and others. The 3D printing composites market has been segmented on the basis of type, end-use industry, and region.

Polymer matrix composites accounted for roughly half of the global market's 2016 market value share and are expected to maintain their dominance throughout the forecast period of 2017 to 2025. The polymer matrix composites market is mainly driven by the huge demand for carbon and glass fiber composites for prototyping and tool manufacturing applications. Polymer matrix composites are followed by ceramic matrix composites, which are mainly used in the aerospace industry owing to their high fracture resistance.

In terms of application, aerospace and defense accounted for the largest share in terms of value in 2016. 3D-printed composites are used to print aircraft parts and are also used in the interior of the aircraft. However, the electrical and electronics end-use industries are expected to witness the fastest growth during the forecast period. It is also estimated to be one of the largest consumers of 3D-printed composites in 2017. The benefits offered by lightweight parts and functionally integrated components for the aerospace and automotive industries have motivated market players to shift from prototyping to the production of parts and components using 3D printing technology.

In 2016, North America dominated the 3D-printed composites market by region, accounting for more than 30% of the market share, followed by Europe and Asia-Pacific. The U.S. is the largest national market for 3D printing composites. Factors such as the growing competitiveness of the domestic manufacturing sector and huge investment in leading technologies have accelerated the growth of 3D printing composites in the country. Europe was the second largest consumer of 3D-printed composites in 2016.

Major players operating in the 3D printing composites market are Advanc3D Materials, 3D Systems, EOS, EnvisionTEC, Stratasys, 3DXTech, Arvelo Labs, Cincinnati Incorporated, Graphene Labs, and CRP Group, among others.

For the purpose of this study, the global 3D printing composites market by type is categorized into:

Polymer Matrix Composites

  • Carbon fiber-reinforced plastics
  • Glass fiber-reinforced plastics

Ceramic matrix composites

Metal matrix composites

The polymer matrix composites segment was dominant in the global 3D printing composites market in 2016 and is anticipated to uphold its dominance over the forecast period from 2017 to 2025. The polymer matrix composites market is mainly driven by the huge demand for carbon fiber-reinforced plastics from aerospace & defense, marine, transportation, etc., owing to their high strength-to-weight ratio. Moreover, carbon fiber possesses superior qualities such as higher strength and stiffness, lightweight, corrosion resistance, and so on. Carbon fiber offers advantages over other traditional materials used in 3D printing technologies owing to its excellent properties, which have allowed it to penetrate the 3D printing technology market. Also, increasing demand for lightweight materials to fabricate components for enhanced fuel efficiency or low carbon emissions in end-use industries such as aerospace, defense, and automotive is another aspect leading to overall market growth. Carbon fiber is followed by glass fiber, which accounted for the second largest share of the polymer matrix composite segment in the 3D printing composites market by type in 2016.

Since glass fiber composites are cheaper when compared to carbon fiber, electrically insulating, and can be produced in bulk, they have resulted in huge demand from end-use industries such as aerospace & defense, transportation, wind energy, and construction & infrastructure. Ceramic matrix composites were the second largest market in the 3D printing composites market by type in 2016. Ceramic matrix composites are mainly driven by the demand from end-use industries such as aerospace for high-temperature applications, automotive, and medical. Metal matrix composites held the largest nominal share of the 3D printing composites market in 2016.

For the purpose of this study, the global 3D printing composites market by end-use industry is categorized into:

  • Aerospace & Defense
  • Automotive
  • Electrical and Electronics
  • Healthcare & Medical
  • Others

By end-use industry, the aerospace and defense segment accounted for the largest share of the global 3D printing composites market in 2016 and is expected to remain dominant over the forecast period. The rising use of 3D-printed aerospace components that are lightweight and can handle high temperatures is driving the demand for 3D-printed composites in this industry. 3D-printed composites find their uses in a wide array of applications in an aircraft, such as ducting, vents, plenums, baffles, cable management, electrical housings, aircraft wings, engine parts, turbine parts, etc.

Moreover, features of 3D-printed composites such as cost reduction, lightweight design, and tool-less production have accelerated the demand for these materials in the aerospace and defense industries. Automotive is estimated to be the second-largest end-use industry in 2017. 3D-printed composites are no longer confined to prototyping applications in the automotive industry. It is now being utilized in making functional parts for test vehicles, engines, and platforms. Leading automotive companies are now focusing on utilizing 3D printing technology for the production of car parts and tools to enhance the overall manufacturing processes, which represents a major factor driving the growth of 3D printing composites in the automotive industry. Automotive was followed by the electrical and electronics, and healthcare end-use industries in terms of market share in 2016.

By geography, the global 3D printing composites market is segmented into the following regions and countries:

  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • France
    • Italy
    • U.K.
    • Russia
    • Rest of Europe
  • Asia-Pacific
    • India
    • China
    • Japan
    • Rest of Asia-Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East and Africa
    • GCC Countries
    • South Africa
    • Rest of Middle East and Africa

Asia Pacific is projected to be the most lucrative and fastest-growing region in the global 3D printing composites market due to increasing demand for 3D printing composites from growing end-use industries such as automotive, healthcare, and electrical and electronics. Moreover, government support for adopting 3D printing technologies, a shift in manufacturing trends, investment by foreign players, and easy availability of materials are a few factors that are anticipated to further bolster the 3D printing market, thus driving the Asia Pacific 3D printing composites market. North America is projected to dominate the 3D-printing composites market during the forecast period. North America is also one of the largest manufacturers of advanced composites globally. Moreover, research and development projects undertaken by the 3D printing technology provider also favor the growth of the 3D printing composites market in this region. In 2016, Europe had the second-largest share of the 3D printing composites market. In Europe, Germany is estimated to have accounted for the largest share in 2017.

Frequently Asked Question:

The market for 3D Printing Composites Market is expected to reach USD$ XX Mn in 2026.

The 3D Printing Composites Market is expected to see significant CAGR growth over the coming years, at XX%.

The report is forecasted from 2017 -2025.

The base year of this report is 2016.

Who are the major players in this market? BAdvanc3D Materials, 3D Systems, EOS, EnvisionTEC, Stratasys, 3DXTech, Arvelo Labs. are some of the major players in the global market.

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Published Date:  Dec 2017
Category:  Advanced Materials
Report ID:   58879
Report Format:   PDF
Pages:   120
Rating:    4.8 (80)
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