Titanium Type to Lead United States 3D Printing Metals Market Through 2025
Surging demand from
aerospace & defence and automotive industries to boost the growth of United
States 3D printing metals market during the forecast period
According to
TechSci Research report, “United
States 3D Printing Metals Market By Form, By Type, By Manufacturing
Process, By End User Industry, Competition, Forecast & Opportunities, 2025” the United States 3D printing metals market is anticipated
to grow at an impressive CAGR during the forecast period 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 US 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 US 3D printing metals market during
the forecast period are high costs of metal powder and industrial-grade
printers.
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The United
States 3D printing metals market is segmented based on form, type, manufacturing process, end
user industry, region and company. In terms of type, the market can be segmented into titanium,
nickel, stainless steel and aluminum. Among them, titanium type segment dominated
the market in terms of highest revenue share until 2019 and is further forecast
to maintain its dominance during the forecast period as well which can be
attributed to utilization of titanium in aerospace sector because of its high
corrosion resistance and high tensile strength to density ratio. In terms of end
user industry, the market is fragmented into aerospace & defense, automotive
and medical & dental. aerospace and defense dominated the market until 2019
and is anticipated to hold its dominance owing to capacity of the aeronautics
industry to adapt to new technologies and ability to bear high initial costs.
Stratasys Ltd., GE
Additive, Proto Labs, Inc., LPW Technology Ltd., Pollen AM Inc., Materialise
NV, Renishaw Inc, Hoganas AB, Carpenter Technology Corporation and others are some of the
leading players operating in United States 3D printing metals market.
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“The United States
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 United States 3D printing metals market through 2024.” said
Mr. Karan Chechi, Research Director with TechSci Research, a research based
global management consulting firm.
“United States 3D Printing Metals Market By Form,
By Type, By Manufacturing Process, By End User Industry, Competition, Forecast
& Opportunities, 2025” has evaluated
the future growth potential of United States 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 United States 3D printing metals market.
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