Composite 3D Printing Market To Be Valued at $19.8 Billion By 2028

Research and Markets recently released its report on the composite additive manufacturing market. Previously, the report estimated that the technology will be worth more than $28 billion by 2028, representing a 28% annual growth since 2020. However, due to the health crisis, this growth estimate has now been revised downwards: in 2028, composite 3D printing is now expected to be worth $19.8 billion, representing a growth of 27%. A decrease that is perhaps not so significant considering the impact that COVID-19 has had on the global economy.

As we know, additive manufacturing was less impacted during the health crisis than many other industries, although the market was obviously still affected. Growth could have been much slower, but 3D technologies proved their usefulness and efficiency when supply chains were frozen. Quick and local production that helps users to get as close as possible to their needs: this has been the promise of 3D printing during these last months. And the composites market has also done well.

The growth of the composite 3D printing market (photo credits: Research and Markets)

A Growing Market That is Restructuring

Composites are becoming increasingly popular with industry professionals as a way to impart high mechanical properties to parts that are considered demanding, especially in the aerospace and automotive industries. Users can print components that are lighter and stronger – sometimes even stronger than some metals. Composite 3D printing processes have also grown significantly, and more manufacturers are offering turnkey solutions for designing composite parts.