Aerospace 3D Printing Materials Market Size By Material (Plastic [Plastic Filaments {PEI, ABS, PC & Blends}, Plastic Powder {TPU, PEEK, Polyamides, PEKK}, Metal [Titanium, Aluminum, Inconel], Ceramic), Application (Rapid Prototyping, Tooling, Part Production), Aircraft Parts (Engine Components, Structural Parts, Jigs & Fixtures), By End-Use (Aircraft [General & Commercial Aircraft, Military & Defense], Spacecraft), Regional Outlook, Application Growth Potential, Price Trends, Competitive Market Share & Forecast, 2020 – 2026

Published Date: Jun 2020  |  Report ID: GMI4698  |  Authors: Kiran Pulidindi, Sayan Mukherjee

Report Format: PDF   |   Pages: 285   |   Base Year: 2019




Summary Table of Contents Industry Coverage Methodology

Industry Trends

Aerospace 3D Printing Materials Market size surpassed USD 255 million in 2019 and is estimated to grow at a CAGR of over 18% between 2020 and 2026.
 

3D printing is widely used in the aerospace industry to manufacture low-volume complex parts. Aerospace 3D printing materials vary from PEI to engineering-grade PEEK, with their use in the production of structural parts and door panels. The metal including, titanium and aluminum play key role in aerospace 3D printing industry to manufacture critical components such as engine turbine blades, brackets, etc.
 

Factors such as, advent of low-cost carriers and increasing air passengers are key factors propelling the aerospace industry. Growing concern for fuel-efficient aircrafts by using lightweight parts has substantially driven the adoption of 3D printing technology. The ability to manufacture functional parts with intricate designs and defined aerodynamic properties in short runs is possible using AM. It enables to achieve a weight reduction of 40-60% that significantly saves the material costs.
 

Aerospace 3D Printing Materials Market

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The 3D printing metals enables the production of more efficient engine, turbine, and lightweight parts that reduces the fuel consumption, thereby reducing CO2 emissions. Moreover, AM provides maximum functionality to be combined into a few parts as possible.
 

Leading companies such as Boeing, Airbus, and Lockheed Martin have incorporated aerospace 3D printing materials in the production of functionally integrated lightweight prototypes and structural parts. To enhance the production process of aircraft, these companies are signing partnership agreements with AM companies to leverage the benefits of aerospace 3D printing materials.
 

High materials costs coupled with stringent certification standards by Federal Aviation Administration (FAA) are likely to limit the aerospace 3D printing materials market demand. Further, the outbreak of global coronavirus pandemic has led to temporary closure of aerospace manufacturing industry leading to temporary shutdown of the production facilities.
 

Aerospace 3D Printing Materials Market Report Coverage
Report Coverage Details
Base Year: 2019 Market Size in 2019: 255.4 Million (USD)
Historical Data for: 2016 to 2019 Forecast Period: 2020 to 2026
Forecast Period 2020 to 2026 CAGR: 18.1% 2026 Value Projection: 498.1 Million (USD)
Pages: 285 Tables, Charts & Figures: 444
Geographies covered (9): U.S. Canada, Germany, France, China, Japan, Brazil, UAE
Segments covered: Material, Application, Aircraft Parts, End-use, Region
Companies covered (12): Stratasys Ltd., Ultimaker BV, 3D Systems, Inc., GE, ExOne, Höganäs AB, EOS, ENVISIONTEC, INC., Materialise, Arkema, BASF SE, Solvay
Growth Drivers:
  • Proliferating aviation industry coupled with rising demand for fuel-efficient aircrafts
  • Growing need for low volume production from aerospace industry
  • Propelling space exploration and defense industry
Pitfalls & Challenges:
  • High material cost
  • Stringent certification requirements

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Part production has gained popularity since past few years

Part production segment is anticipated to lead the market share during the forecast timeframe. The materials have substantially been used in manufacturing various parts such as engine nozzles, brackets, wall panels, etc. Significant improvements in the size of industrial printers, availability of diverse range of materials, and growing R&D funding to gain the desired turnaround time for medium-sized production runs has proliferated the demand for end-use parts. The technology helps in manufacturing intricate complex parts that are lightweight and more resilient than those produced by traditional methods.
 

Plastic to bank upon lightweight properties

Aerospace 3D Printing Materials Market By Plastic Types

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In 2019, the plastic segment accounted for around 65% share in the aerospace 3D printing materials market. Plastic material finds widespread applications in structural and non-critical applications such as interior components, dashboard interface, and prototypes owing to its low weight and cost-effectiveness. PEI (ULTEM) has gained significant popularity in aerospace 3D printing industry owing to its excellent mechanical and thermal resistance. It is mainly used in the manufacturing of ignition elements in lighting systems, electric switches, and frames.
 

Implementation of lightweight components to support structural component penetration in the market

The structural components segment is poised to witness 17.5% growth through 2026 owing to its demand in the production of lightweight air ducts, and wall panels. AM enables the fabrication of lightweight and highly complex cabin and interior parts with excellent stability. It is used to manufacture low-volume structural metal brackets that mount life-saving systems to the interior wall of the aircraft.
 

Rising aircraft fleet to escalate the market size

Aerospace 3D Printing Materials Market By End-use

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In 2019, the aircraft end-use segment generated over USD 210 million revenue in the market owing to rising adoption of additive manufacturing in aviation industry. This is mainly attributed due to the rising concern for fuel-efficient lightweight aircrafts and stringent emission standards. Aviation industry participants including, Boeing and Airbus have successfully adopted aerospace 3D printing materials in the production of various commercial aircraft parts.
 

North America to lead the industry size

North America aerospace 3D printing materials market dominated around 50% revenue share in 2019 due to presence of robust aerospace sector in the region. Economical air travel rates and presence of major aerospace companies such as Boeing and Lockheed Martin are expected to spur the market revenue. Further, the region has robust military and space industries that drives the consumption of these materials in fighter jets and spacecrafts.
 

Partnerships and acquisitions to escalate the industry foothold

Market players are implementing various strategies such as partnership agreements, expansion, and acquisitions to strengthen their industry foothold. For instance, in May 2019, Stratasys partnered with Solvay to expand its range of high-performance materials available for FDM technology. Some of the key companies include, Stratasys Ltd., 3D Systems, Inc., GE, ExOne, Höganäs AB, EOS, and Materialise.
 

The market research report on aerospace 3D printing materials includes in-depth coverage of the industry with estimates & forecast in terms of volume in Tons and revenue in USD Million from 2016 to 2026, for the following segments:
 

Market by Material

  • Plastic 
    • Filament
      • PEI
      • ABS
      • PC & Blends
      • Others (PLA, TPU, Nylon)
    • Powder
      • TPU
      • PEEK
      • Polyamides
      • PEKK
  • Metals 
  • Titanium
  • Aluminum
  • Inconel
  • Others (Cobalt-chrome, Stainless steel)
  • Ceramic
  • Others (Graphene, Composites)

Market by Application

  • Rapid Prototyping
  • Tooling
  • Part production

Market by Aircraft Parts

  • Engine
  • Structural Components (Body & Cabin Interiors)
  • Jigs & Fixtures

Market by End-Use

  • Aircraft 
    • General & Commercial Aviation
    • Military & Defense
  • Spacecraft

The above information is provided on a regional and country basis for the following:

  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • France
  • Asia Pacific
    • China
    • Japan
  • Latin America
    • Brazil
  • Middle East & Africa
    • UAE
       

Frequently Asked Questions (FAQ) :

The structural components segment is poised to witness 17.5% growth through 2026 owing to its demand in the production of lightweight air ducts, and wall panels.
According to the analysts at GMI, the plastic segment accounted for around 65% market share in 2019.
Some of the key companies include, Stratasys Ltd., 3D Systems, Inc., GE, ExOne, Höganäs AB, EOS, and Materialise.
North America dominated around 50% market revenue share in 2019 due to presence of robust aerospace sector in the region.

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Premium Report Details

  • Published Date: Jun 2020
  • Pages: 285
  • Tables: 410
  • Charts / Figures: 34
  • Companies covered: 12
  • Countries covered: 9

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