{"id":21263,"date":"2021-08-22T12:19:50","date_gmt":"2021-08-22T06:34:50","guid":{"rendered":"https:\/\/www.revoscience.com\/en\/?p=21263"},"modified":"2021-08-22T12:19:52","modified_gmt":"2021-08-22T06:34:52","slug":"composites-additive-manufacturing-10-fold-market-growth-within-10-years-says-idtechex","status":"publish","type":"post","link":"https:\/\/www.revoscience.com\/en\/composites-additive-manufacturing-10-fold-market-growth-within-10-years-says-idtechex\/","title":{"rendered":"Composites Additive Manufacturing: 10-Fold Market Growth Within 10-Years, Says IDTechEx"},"content":{"rendered":"\n
\"\"<\/figure>\n\n\n\n

Additive manufacturing of composites is approaching an inflection point.\u00a0There\u00a0is\u00a0an\u00a0increasing number of printer manufacturers,\u00a0market launches,\u00a0more funding,\u00a0notable partnerships,\u00a0and importantly demonstratable value-add with a wide\u00a0range of\u00a0success stories.\u00a0\u00a0<\/p>\n\n\n\n

In their new report \u201c3D Printing Composites 2021-2031: Technology and Market Analysis<\/a>\u201d, IDTechEx forecast the market to reach $2bn by 2031. Although this may not appear like the biggest number this represents significant growth from the current market size; a greater than a 9-fold increase from the calculated 2021 revenue for the most mature extrusion\/placement technology is expected. Michael Papish from Markforged stated to IDTechEx that:<\/p>\n\n\n\n

\u201c<\/em>Advanced composite materials <\/em>opens<\/em> up new ways to create lighter, stronger parts with less waste in a fraction of the time of traditional manufacturing methods, making them a critical part of an additive manufacturing strategy. We\u2019ve seen demand for new composites and methods grow; in response to customer needs, we\u2019ll launch the FX20 printer later this year, the biggest, <\/em>fastest<\/em> and most sophisticated printer we\u2019ve ever developed, which will open up new composite applications in aerospace, <\/em>defense<\/em>, automotive and oil & gas.<\/em><\/p>\n\n\n\n

Over the next 10 years, the global additive market is projected to grow 10x and we believe advanced composite printers and materials will play a key role as manufacturers look for new ways to overcome their supply chain challenges.<\/em>\u201d<\/em><\/p>\n\n\n\n

There are numerous main reasons that we are on the cusp of this significant growth:<\/p>\n\n\n\n

–Technology maturity.<\/strong>\u00a0This industry has benefitted from the\u00a0development of 3D\u00a0printing polymers and metals, but there are\u00a0special considerations from the\u00a0print\u00a0head through to the software\u00a0that had to further develop\u00a0to\u00a0fully utilize\u00a0the anisotropic properties\u00a0from the\u00a0fibers.<\/p>\n\n\n\n

–\u00a0Application\u00a0maturity.<\/strong>\u00a0It takes time for\u00a0end-users to find the value-add\u00a0applications\u00a0and prove out the technology. This\u00a0has now happened for numerous sectors with benefits ranging from\u00a0lightweighting\u00a0through to reducing inventory costs or\u00a0downtime with replacement tools,\u00a0jigs,\u00a0or fixtures.\u00a0The applications will not be the high-volume end-use parts that\u00a0grab\u00a0headlines and\u00a0that\u00a0many\u00a0initially\u00a0aspire to, but nevertheless,\u00a0tooling,\u00a0key\u00a0roles\u00a0on the manufacturing floor, and low-mid volume part\u00a0production are\u00a0still\u00a0very profitable fields.\u00a0<\/p>\n\n\n\n

–\u00a0Supply chain\u00a0maturity.\u00a0<\/strong>This is often a challenge for a young industry, but\u00a0the market has seen key partnerships from material manufacturers to distributors that have\u00a0helped\u00a0remove this pain\u00a0point.<\/p>\n\n\n\n

Given this, it is unsurprising that the funding, market launches, and new entrants have dramatically increased in recent years. This competition is healthy, a rising tide lifts all boats, and there are different business models; the only issue may be in IP lawsuits that could slow this growth. There is a significant amount of capital investment in this field and with that IDTechEx are anticipating some M&A activity and, in the longer term, consolidation in the number of players.<\/p>\n\n\n\n

The technology progression is also a long way from being complete. There are numerous innovations with some of the most exciting associated with the progression of thermoset resins that will come to market over the decade. Then there is the development of automation within composite manufacturing in general, from simple pick-and-place robots through to rapid preforming.<\/p>\n\n\n\n

For more information on this market including interview-based profiles of the main players, technology & material benchmarking studies, granular 10-year market forecasts, and application case-studies, see the market report \u201c3D Printing Composites 2021-2031: Technology and Market Analysis<\/a>\u201d.<\/p>\n","protected":false},"excerpt":{"rendered":"

Additive manufacturing of composites is approaching an inflection point.\u00a0<\/p>\n","protected":false},"author":2,"featured_media":21264,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[34,17],"tags":[],"class_list":["post-21263","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-economics","category-research"],"featured_image_urls":{"full":["https:\/\/www.revoscience.com\/en\/wp-content\/uploads\/2021\/08\/3d-printing-composites.png",728,411,false],"thumbnail":["https:\/\/www.revoscience.com\/en\/wp-content\/uploads\/2021\/08\/3d-printing-composites-200x200.png",200,200,true],"medium":["https:\/\/www.revoscience.com\/en\/wp-content\/uploads\/2021\/08\/3d-printing-composites-675x381.png",675,381,true],"medium_large":["https:\/\/www.revoscience.com\/en\/wp-content\/uploads\/2021\/08\/3d-printing-composites.png",728,411,false],"large":["https:\/\/www.revoscience.com\/en\/wp-content\/uploads\/2021\/08\/3d-printing-composites-675x381.png",675,381,true],"1536x1536":["https:\/\/www.revoscience.com\/en\/wp-content\/uploads\/2021\/08\/3d-printing-composites.png",728,411,false],"2048x2048":["https:\/\/www.revoscience.com\/en\/wp-content\/uploads\/2021\/08\/3d-printing-composites.png",728,411,false],"ultp_layout_landscape_large":["https:\/\/www.revoscience.com\/en\/wp-content\/uploads\/2021\/08\/3d-printing-composites.png",728,411,false],"ultp_layout_landscape":["https:\/\/www.revoscience.com\/en\/wp-content\/uploads\/2021\/08\/3d-printing-composites.png",728,411,false],"ultp_layout_portrait":["https:\/\/www.revoscience.com\/en\/wp-content\/uploads\/2021\/08\/3d-printing-composites.png",600,339,false],"ultp_layout_square":["https:\/\/www.revoscience.com\/en\/wp-content\/uploads\/2021\/08\/3d-printing-composites.png",600,339,false],"newspaper-x-single-post":["https:\/\/www.revoscience.com\/en\/wp-content\/uploads\/2021\/08\/3d-printing-composites.png",728,411,false],"newspaper-x-recent-post-big":["https:\/\/www.revoscience.com\/en\/wp-content\/uploads\/2021\/08\/3d-printing-composites-550x360.png",550,360,true],"newspaper-x-recent-post-list-image":["https:\/\/www.revoscience.com\/en\/wp-content\/uploads\/2021\/08\/3d-printing-composites-95x65.png",95,65,true],"web-stories-poster-portrait":["https:\/\/www.revoscience.com\/en\/wp-content\/uploads\/2021\/08\/3d-printing-composites.png",640,361,false],"web-stories-publisher-logo":["https:\/\/www.revoscience.com\/en\/wp-content\/uploads\/2021\/08\/3d-printing-composites.png",96,54,false],"web-stories-thumbnail":["https:\/\/www.revoscience.com\/en\/wp-content\/uploads\/2021\/08\/3d-printing-composites.png",150,85,false]},"author_info":{"info":["RevoScience"]},"category_info":"Economics<\/a> Research<\/a>","tag_info":"Research","comment_count":"0","_links":{"self":[{"href":"https:\/\/www.revoscience.com\/en\/wp-json\/wp\/v2\/posts\/21263","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.revoscience.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.revoscience.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.revoscience.com\/en\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.revoscience.com\/en\/wp-json\/wp\/v2\/comments?post=21263"}],"version-history":[{"count":0,"href":"https:\/\/www.revoscience.com\/en\/wp-json\/wp\/v2\/posts\/21263\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.revoscience.com\/en\/wp-json\/wp\/v2\/media\/21264"}],"wp:attachment":[{"href":"https:\/\/www.revoscience.com\/en\/wp-json\/wp\/v2\/media?parent=21263"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.revoscience.com\/en\/wp-json\/wp\/v2\/categories?post=21263"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.revoscience.com\/en\/wp-json\/wp\/v2\/tags?post=21263"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}