3D-printed Composite Materials Market Analysis North America, Europe, APAC, South America, Middle East and Africa - US, China, Germany, Japan, UK - Size and Forecast 2024-2028

3D Printed Composite Materials Market Size 2024-2028

The 3D Printed composite materials market size is estimated to increase by USD 436.9 million, at a CAGR of 34.28% between 2023 and 2028. The growth of the market is driven by several key factors. Firstly, composite materials offer superior properties such as high strength-to-weight ratio, corrosion resistance, and flexibility in design, making them ideal for diverse industrial applications. Additionally, the increasing adoption of additive manufacturing technologies has revolutionized production processes, enabling cost-effective and customizable fabrication of composite components. Moreover, the aerospace sector's growing demand for lightweight and durable materials further propels market expansion. These trends underscore a shift towards advanced materials that enhance fuel efficiency, performance, and sustainability across various industries, including the healthcare industry where medical composite materials are gaining importance. As technological advancements and market demands converge, the market is poised for continued growth, supported by innovations in material science and manufacturing techniques.

What will be the size of the 3D Printed Composite Materials Market During the Forecast Period?

To learn more about this 3D printed composite materials market report, Download Report Sample

3D Printed Composite Materials Market Segmentation

The 3D printed composite materials market research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in "USD million" for the period 2024 to 2028, as well as historical data from 2018 to 2022 for the following segments.

• Material Outlook  
  • Carbon fiber
  • Glass fiber
  • Others

• Type Outlook 
  • Polymer matrix composites
  • Metal matrix composites
  • Ceramic matrix composites

• Region Outlook  
  • North America
    • The U.S.
    • Canada
  • Europe
    • The U.K.
    • Germany
    • France
    • Rest of Europe
  • APAC
    • China
    • India
  • South America
    • Brazil
    • Argentina
  • Middle East & Africa
    • Saudi Arabia
    • South Africa
    • Rest of the Middle East & Africa

By Material

The market share growth of the carbon fiber segment will be significant during the forecast period. The use of carbon fiber in 3D printing services offers more design flexibility, stronger parts, and the capacity to create intricate geometries. During the forecast period, the market for materials with carbon fiber is anticipated to expand significantly, largely due to rising demand from the aerospace and automotive industries.

Get a glance at the market contribution of various segments. Request PDF Sample

The carbon fiber segment was the largest and was valued at USD 36.40 million in 2018. In recent years, the materials using carbon fiber as a material have gained popularity. From structural components to consumer goods, this kind of composite material is now a practical choice for numerous applications. 3D-printed carbon fiber composite materials are being used in fields such as automotive, medicine, consumer electronics, and sporting goods. These factors are anticipated to augment the demand for carbon fiber as a material, which in turn will drive 3D printed composite materials market growth during the forecast period.

By Region

For more insights on the market share of various regions, Request PDF Sample now!

North America is estimated to contribute 45% to the growth of the global market during the forecast period. Technavio's analysts have elaborately explained regional 3D printed composite materials market trends and drivers that will shape the landscape during the forecast period. Increasing investments by governments and industry participants in additive manufacturing are fueling the development and adoption of 3D printers in the region. The increasing demand for 3D printing from the aerospace and defense, consumer electronics, and medical industries is contributing to the growth of the market in the region. North America is expected to witness increased adoption of 3D printing during the forecast period due to the presence of numerous global and regional aerospace and automotive manufacturers in the region. These factors will drive the demand in the region during the forecast period.

3D Printed Composite Materials Market Dynamics

The market is experiencing significant growth driven by advancements in additive manufacturing technology and the demand for lightweight materials across various sectors. Unlike conventional composite manufacturing methods, 3D printing allows for intricate designs and customized configuration link using carbon fiber materials and other composites. This technology enables the creation of complex parts directly from digital files, reducing waste and optimizing production processes. Amidst global supply chain disruptions and fluctuating raw material prices due to events like the Ukraine conflict, the market for 3D printing materials continues to evolve. Current trends indicate the expansion of applications in residential construction and beyond, supported by Chamber of Commerce Study highlighting the benefits of digital manufacturing. As industries increasingly integrate 3D-printed composites for their superior properties and cost efficiencies, the market outlook remains promising with ongoing innovations and market adaptations. Our researchers analyzed the data with 2023 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.

Key Market Driver

The superior properties of composites is one of the key drivers supporting the market growth. These materials are lightweight, corrosion-resistant, and have high mechanical strength. Thus, they are increasingly used in the automobile and aviation industries for increased fuel efficiency. They can be customized and designed as per the application. Metals such as iron and steel are increasingly replaced by these  materials in the automobile, aerospace and defense, and marine industries, as they are corrosion resistant and help prevent corrosion caused by chemicals, moisture, and harsh weather.

In addition, these materials exhibit other properties such as high impact strength, design flexibility, part consolidation, dimension stability, low thermal conductivity, and high durability. With such superior properties and advantages, the materials will be increasingly used in various applications during the forecast period.

Significant Market Trend

Increased demand for carbon fiber composites is another factor supporting the market growth. The demand for 3D-printed carbon fiber composites in the aerospace sector is increasing. Previously, carbon fiber composites were used mainly by the defense sector. Now, these materials are gaining traction in the commercial aerospace sector as well. This is because they help improve the fuel efficiency of automotive and aerospace vehicles and minimize fuel costs.

Moreover, the abrasion and stress-resistant properties of 3D-printed carbon fiber composite materials increase the lifespan of components. In the automotive sector, these composites are used in pickup boxes, interior headliners, and door modules. With the increasing global sales of personal cars and other automobiles, 3D-printed carbon fiber composite materials find extensive use in automotive door panels and seating applications. Such factors will drive the market growth and trends during the forecast period.

Major Market Challenge

The easy availability of substitutes is one of the factors hindering the market growth. Thermoplastic polymer, photopolymer, and metal powders are some of the most preferred 3D printing materials in additive manufacturing. Metal powders are widely used in the manufacturing sector. They have high packaging density and spherical morphology, which improves flow properties. Steel, titanium, nickel, cobalt, copper, aluminum, and precious metals such as gold, platinum, palladium, and silver are the most widely used metals in 3D printing of non-critical aerospace products, orthopedic implants, jewelry, and critical aerospace parts, and surcharge fuel nozzles.

Moreover, the demand for metal powders is increasing due to the rising use of 3D printing in industries such as automotive and aerospace. Thus, the increasing adoption of substitutes and their easy availability are expected to hinder the growth of the market during the forecast period.

Customer Landscape

The 3D printed composite materials market forecasting report includes the adoption lifecycle of the market, covering from the innovator's stage to the laggard's stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the 3D printed composite materials market research and growth report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their growth strategies.

Global Market Customer Landscape

Who are the Major 3D Printed Composite Materials Market Companies?

Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.

EOS GmbH - The company is a supplier of equipment, materials, and solutions in the field of laser sintering technology and a generative manufacturing method of 3D printing. The company offers 3D-printed composites such as Nylon 12 Carbon Fiber and ULTEM 1010 resin.

The 3D printed composite materials market forecast report also includes detailed analyses of the competitive landscape of the market and information about 15 market companies, including:

• 3DXTech
• AREVO Inc.
• Arkema Group
• BASF SE
• Cosine Additive Inc.
• CRP Technology Srl
• General Electric Co.
• Graphite Additive Manufacturing Ltd.
• Hoganas AB
• Koninklijke DSM NV
• Markforged Inc.
• Sandvik AB
• SLM Solutions Group AG
• Solvay SA

Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.

Market Analyst Overview

The 3D printed composites market is witnessing rapid growth fueled by advancements in additive manufacturing (AM) technology and the versatility of composites such as carbon fiber and thermosetting polymers. This innovative approach allows for the production of lightweight, high-performance parts with superior stiffness and mechanical qualities, catering to diverse applications across the industrial and consumer goods sectors. Raw material price fluctuations, influenced by global supply chain relationships and events like the Ukraine war, impact market dynamics. Manufacturers leverage digital design tools to create customized parts directly from digital files, enhancing speed-to-market and manufacturing practicality. Industries ranging from aerospace to healthcare benefit from 3D-printed composites for prototyping, manufacturing unique components like PCBs and eyeglasses, and producing durable yet lightweight products like bike frames and helmet liners. As innovation continues, the market anticipates further expansion into new applications and industries. Raw material price system, studied by chambers of commerce, impact production costs. Manufacturers customize configurations from digital files, creating finished products using powders, filament, or liquid.

Additionally, the workforce drives innovation in this sector, optimizing production processes and expanding capabilities in industries like aerospace and healthcare. As global demand grows, optimizing supply chains becomes crucial, ensuring efficient sourcing and production of high-performance composite materials. The 3D printed composites market is experiencing strong growth driven by advancements in additive manufacturing (AM) technology and the increasing demand for lightweight, high-performance materials across various industries. Raw materials such as thermosetting polymers and reinforcing materials like carbon fiber are crucial for producing durable and versatile components. This innovative approach allows manufacturers to fabricate complex geometries directly from digital file, ensuring precise dimensional accuracy and reducing weight compared to traditional manufacturing methods like injection molding. Industries ranging from aerospace to healthcare benefit from the 3D printed composite material market for prototyping, creating unique parts such as titanium components for the aerospace sector and custom medical devices. As global markets expand and supply chains optimize, the adoption of 3D printing continues to grow, driven by its ability to integrate breakthrough technologies and meet diverse industrial needs efficiently.

Request PDF sample

What are the Key Data Covered in this 3D Printed Composite Materials Market Research Report?

• CAGR of the market during the forecast period
• Detailed information on factors that will drive the market growth and forecasting of the market between 2024 and 2028
• Precise estimation of the size of the market size and its contribution to the parent market
• Accurate predictions about upcoming market trends and analysis and changes in consumer behavior
• Growth of the market industry across Europe, North America, APAC, South America, and Middle East and Africa
• Thorough market growth analysis of the market's competitive landscape and detailed information about vendors
• Comprehensive market analysis and report on the factors that will challenge the market research and growth of market vendors

We can help! Our analysts can customize this 3D printed composite materials market analysis report to meet your requirements. Get in touch