3D Printing Metals Market to be dominated by Powder Segment through 2028
Expanding Industrial Application and Sustainability
and Waste Reduction to drive Global 3D Printing Metals Market in the forecast
period, 2023-2028.
According to TechSci Research report, “Global 3D Printing
Metals Market
-
By Region, Competition, Forecast
& Opportunities, 2028”, Global
3D Printing Metals Market is anticipated to grow at a 28.17% CAGR in the
forecast period, 2024-2028, on account of surging demand from automotive and
aerospace & defense industry. Metal 3D printing allows the aerospace
designers to build superior-quality parts without facing restrictions like
production feasibility, complexity, or cost, thereby is anticipated to drive
the growth of Global 3D printing metals market in the upcoming years.
Increasing number of product applications for additive manufacturing in
numerous fields such as oil & gas, medical & dental, and educational
among others, is witnessed in giving a healthy push to the market growth.
However, some of the impending challenges confronting the Global 3D printing
metals market during the forecast period are high costs of metal powder and
industrial-grade printers.
Korea has developed a
unique roadmap for 3D printing metal technology's research and development and
offers national support to carry it out. To promote the adoption of this
technology, the Korean government is speeding industry regulatory agreements
and giving financial incentives. The UK government has also created a
stand-alone 3D technology strategy, but Brexit-related uncertainties in the
manufacturing sector are causing some concern. Since Germany has a
well-established Industry 4.0 infrastructure, it is projected that Germany will
develop new strategies for the technology.
Browse over XX market data Figures spread through XX
Pages and an in-depth TOC on "Global 3D Printing
Metals Market.”
Global 3D Printing Metals Market is segmented Form,
Type, manufacturing process, End User industry and region. Based on form, the
market is segmented into Powder and Filament. Based on type, the market can be
divided into Titanium, Nickel, Stainless Steel, Aluminum. Based on
Manufacturing Process, the market can be segmented into Direct Metal Laser
Sintering (DMLS), Selective Laser Melting (SLM), Others. Based on End user
industry, the market is divided into Aerospace & Defense, Automotive,
Medical & Dental.
Based on form, the powder segment was the highest
contributor to the market and the filament segment is estimated to grow with
the highest CAGR during the forecast period. The growing use of metal
powder-based 3D printing in applications such as aerospace, medical and rapid
tooling areas. In the 3D printing materials market, plastic in the form of
filament is the most dominantly material.
Based on type, Titanium segment is expected to have
the largest share of the 3D printing metals market during the forecast period.
The growth of the titanium segment can be attributed to the rising demand for
3D printed metal parts from aerospace & defence and automotive end-use
industries. Titanium possesses properties such as high impact and
high-temperature resistance. The titanium also finds its application in the
medical & dental end-use industry to manufacture orthopaedic and dental
implants as well as artificial knee and hip replacements.
Based on end user industry, Aerospace & defence
industry is projected to be the fastest-growing end-use industry of the 3D
printing metals market during the forecast period. Metal 3D printing is used to
print fuel nozzles and other critical engine components that require high
precision and accuracy in the aerospace & defence industry. 3D printing
reduces the overall weight of an aircraft and thereby the fuel consumption gets
reduced. 3D printing metals are also used to manufacture specific brackets for
satellites without altering the Mold designs and manufacturing process. The
increasing demand for critical engineering and fabrication applications in the
aerospace & defence industry is driving the segment.
Major companies operating in the Global 3D Printing
Metals market are:
- 3D
Systems Corporation
- Stratasys
Ltd.
- Renishaw
plc
- General
Electric Company
- Carpenter
Technology Corporation
- Materialise
NV
- Sandvik
AB
- EOS
GmbH Electro Optical Systems
- The
ExOne Company
- Proto
Labs, Inc.
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The transition
from quick prototyping to generation utilizing 3D printing is anticipated to
open up unused openings for showcase members. Concurring to a later overview of
3D centers, more than half of endeavors utilize 3D printing to make utilitarian
end-use items. In later a long time, car, transportation, and biotechnology
businesses have seen an increment within the utilize of 3D printing.
“The Global 3D
printing metals market is projected to grow at a brisk rate during the forecast
period on account of innovative product launches coupled with promotional,
strategies being undertaken by manufacturers in the country such as ExOne GmbH,
3D Systems Corporation, and Carpenter Technology Corporation, among others.
Furthermore, decreased prices of 3D printers along with the accessibility of
advanced raw materials like stainless steel powder is further expected to fuel
the growth of Global 3D printing metals market and many more factors will drive
the market.” said Mr. Karan Chechi, Research Director with
TechSci Research, a research-based global management consulting firm.
3D Printing Metals Market –
Global Industry Size, Share, Trends, Opportunity, and Forecast Segmented
by Form (Powder and
Filament), By Type (Titanium, Nickel, Stainless Steel, Aluminum), By
Manufacturing Process (Direct Metal Laser Sintering (DMLS), Selective Laser
Melting (SLM), Others), By End User Industry (Aerospace & Defense,
Automotive, Medical & Dental), By Region, Competition, 2018-2028”, has evaluated the future growth potential of global 3D
Printing Metals market and provides statistics & information on market
size, structure, and future market growth. The report intends to provide
cutting-edge market intelligence and help decision-makers take sound investment
decisions. Besides, the report also identifies and analyzes the emerging trends
along with essential drivers, challenges, and opportunities in the global 3D
Printing Metals market.
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