The latest market report published by Credence Research, Inc. “3D Printing Composites Market, By Type (Polymer Matrix Composites, Ceramics Matrix Composites, Metal Matrix Composites), By End-Use Industry (Aerospace & Defense, Automotive, Electrical & Electronics, Medical & Healthcare, Others), and By Region (North America, Europe, Asia Pacific, Latin America, & Middle East & Africa) – Growth, Future Prospects and Competitive Analysis, 2017 – 2025.”
Increasing use of 3d printing to reduce production time and wastage during the production process especially in regions such as North America and Europe are anticipated to bolster the growth of the global 3d printing composites market. Asia-Pacific is expected to witness robust growth owing to factors such as low cost manufacturing attracting players to move their manufacturing base to Asia-Pacific, government support to use 3d printing in order to achieve minimal wastage and shorter production time, high competitive pressure to invest in R&D and so on.
Browse the full 3D Printing Composites Market – Growth, Future Prospects and Competitive Analysis, 2017 – 2025 report at https://goo.gl/aPAiko
Growing aerospace and automotive industry coupled with increasing focus on utilizing the benefits of 3D printing technology is fuelling the growth of 3D printing composites market. Additionally, 3D printing technology is gradually shifting from prototyping and tooling to mainstream production and making its way towards low volume customized production and automation. This, in turn, is anticipated to accelerate the demand for 3d printing composites in coming years.
Moreover, advancements in technology, ever increasing application areas and availability of improved print materials, and rise in number of 3D printing service centers are some other major aspects driving the growth of the global 3d printing composites market.
The global 3d printing composites market is witnessing robust growth owing to rising adoption of 3d printing technology for main stream production and rise in number of 3d printers. The key players in the global 3d printing composites market are focusing on several market strategies such as new product launch and merger & acquisition to strengthen their goodwill in the market. Some of the major players operating in the global 3d printing composites market include Advanc3D Materials, 3D Systems, EOS, EnvisionTEC, Stratasys, 3DXTech, Arvelo Labs, Sculpteo, Graphene Labs, CRP Group, among others.
- High demand of lightweight and high performance materials from aerospace and automotive industry
- Growing application areas for 3D Printing composites