Embrace the spring of 3D printing, the composite 3D printing market will reach 19.8 billion US dollars

In 2028, composite 3D printing is expected to be worth $19.
8 billion, an increase of 27%
.
With the development of composite materials, composite 3D printing will achieve strong growth in the future, driven by applications in fields such as healthcare, defense, automotive and aerospace
.

Research and Markets recently published a report on the composite additive manufacturing market
.
According to the report, the market value of 3D printing technology will exceed $28 billion in 2028, growing by 28% annually since 2020
.
Due to the impact of COVID-19, the report has made a downward analysis of the forecast: composite 3D printing is expected to be worth $19.
8 billion in 2028, an increase of 27%, and the decline after the impact is not large
.

Compared to many other industries, the development of additive manufacturing technology has been relatively less affected , and although there may be some slowdown in market growth, when the global manufacturing supply chain is affected, 3D printing technology has proved to the world well.
business value and future prospects
.

Faster manufacturing speed and local production, through 3D printing to achieve design customization services, especially in the past few months, 3D printing has been very promising in the composite materials market
.

The research report focuses on various extrusion processes using composites: filled with carbon, glass or aramid fibers, which can reduce the weight of parts without sacrificing performance
.

Growing Carbon Fiber Market

Composite material is a new material that people use advanced material preparation technology to optimize the combination of material components with different properties
.
With the development of composite materials, as an advanced material that can improve the mechanical properties of components, especially in the aerospace and automotive industries, it is recognized by more and more industries, and end users can print lighter and stronger composite materials.
Material components - even stronger than some metals
.

The composite 3D printing process has also grown significantly, with more manufacturers now joining the 3D printing industry to provide individually designed composite solutions
.

Research by Research and Markets confirms this trend, which is a positive sign for the market
.
The report highlights the numerous partnerships and substantial capital financing of market players, efforts that are helping to give birth to some new 3D printing technologies
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For example, Swiss manufacturer 9T Labs just announced a $17 million funding round to accelerate the development of its composite 3D printing platform, the 3D Red Series
.

$17 million boost

Carbon fiber 3D printing startup 9T Labs just received an infusion of $17 million in its Series A funding round
.
This will allow the Swiss company to fully commercialize its additive fusion solution for the manufacture of carbon fiber reinforced thermoplastic (CFRTP) composite components
.

9T has a unique approach to 3D printing CFRTP components, where parts are first fabricated in building blocks, where thermoplastic composite tapes are laid down layer by layer, and then machined in fusion modules, where metal tools apply heat and pressure to compress the part
.
Customers can choose building blocks individually or in combination to reduce voids from more than 10% to less than 1%
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All told, 9T says its technology can be used to 3D print structural parts in 100 to 100,000 units per year to increase the production efficiency of composite materials for customers
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Demand drives growth

The report states that companies in the aerospace and defense sector have been developing more carbon fiber applications, and this increase in demand is one of the major factors driving the market growth
.
It added that the automotive industry is also expected to invest heavily in composite 3D printers to enable the creation of stronger, safer and market-resilient parts
.

Finally, looking at the geographic breakdown, the research report noted that the Asia-Pacific region has experienced strong growth driven by the adoption of 3D technology in the healthcare, defense, automotive and aerospace sectors
.
The resurgence of air traffic is expected to boost the manufacture of new aircraft and, with it, the use of composite materials
.