Growth of 3D-Printed Composite Materials Market to be Impacted by the Increase in Demand for Carbon Fiber Composites | Technavio
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Growth of 3D-Printed Composite Materials Market to be Impacted by the Increase in Demand for Carbon Fiber Composites | Technavio

The market will accelerate at a CAGR of 38.41% between 2019-2023

LONDON — (BUSINESS WIRE) — October 10, 2019 — The report, 3D-printed composite materials market 2019-2023, has been added to Technavio's catalog. It provides a comprehensive analysis of the market, including its global and regional market share as well as market segmentation based on type (polymer matrix composites, metal matrix composites, and ceramic matrix composites) and geography (APAC, North America, Europe, South America, and MEA) for the forecast period 2019-2023.

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Technavio has announced its latest market research report titled global 3D-printed composite materials market 2019-2023. (Graphic: Business Wire)

Technavio has announced its latest market research report titled global 3D-printed composite materials market 2019-2023. (Graphic: Business Wire)

To learn more about the global trends impacting the future of market research: Download Free Sample Report

The report on the 3D-printed composite materials market includes:

3D-printed composite materials market analysis and forecast 2019-2023: Features

3D-Printed Composite Materials Market 2019-2023: Competitive landscape

3D-Printed Composite Materials Market Landscape 2019-2023: Geographic Landscape

3D-Printed Composite Materials Market Landscape 2019-2023: Type

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High need in aerospace industry will drive the 3D-printed composite materials market

Aircraft engine manufacturers extensively prefer 3D-printed composite materials to manufacture high-pressure turbines as they have low weight and high-temperature resistance. In addition, 3D printed materials boost the overall energy efficiency of the engine and minimize emissions by reducing fuel burn. 3D printing technology is a cost-effective approach which generates less waste and brings down the overall weight of the end-product. Therefore, the fuel efficiency and reduction in raw material usage are leading to the growing popularity of 3D-printed composite materials in the aerospace sector.

Rising demand for carbon fiber composites – An emerging trend in the 3D-printed composite materials market

3D-printed carbon fiber composites find applications in various industries including the defense, commercial aerospace, and automotive sectors. This is because they help in reducing fuel costs and improve the fuel efficiency of aerospace and automotive vehicles. With the increase in the global sale of personal cars and other automobiles, the application of 3D-printed carbon fiber composite materials in the production of seating applications, automotive door panels, and door modules will increase leading to the growth of the market.

Other Key Topics Covered in the Report are:

MARKET LANDSCAPE

MARKET SIZING

Get Full Report: https://www.technavio.com/report/3D-printed-composite-materials-market-industry-analysis

CUSTOMER LANDSCAPE

DECISION FRAMEWORK

DRIVERS AND CHALLENGES

MARKET TRENDS

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