bal Production Of 3D-Printed Composites Increased To 1477 MT In 2017
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3D-Printed Composites industry is concentrated relatively. Currently, there are many producing companies in the world. The main market players are Stratasys, 3D Systems, EOS, 3Dynamic Systems, Arevo Labs and 3DXTECH. The production of 3D-Printed Composites increased to 1477 MT in 2017 from 212 MT in 2013 with average growth rate of 47%.
In consumption market, North America and Europe are the mainly consumption regions due to the bigger demand of downstream applications. In 2017, these two regions occupied 92.5% of the global consumption volume in total.
In terms of application, aerospace & defense accounted for the largest share in terms of value in 2017. 3d printing composites are used to print aircraft parts and are also used in the interior of the aircrafts. The benefits offered by lightweight parts and functionally integrated components for aerospace and automotive industries have motivated the market players to shift from prototyping to production of parts and components using 3d printing technology.
We tend to believe this industry is a rising industry, and the consumption increasing degree will show a sharp growth curve. And the price presents fluctuation according to the economy development status and international competition. Also, there is fluctuation in gross margin.