A new report suggests the market for composites additive manufacturing (AM) could reach US$2 billion by 2031.

This is a greater than nine-fold increase from calculated 2021 revenue, according to report publisher IDTechEx.

‘Advanced composite materials opens 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,’ Michael Papish, VP of marketing at Markforged told IDTechEx.

Reasons for this growth include yechnology and application maturity and an improved supply chain.

This story uses material from IDTechEx, with editorial changes made by Materials Today.