United States 3D Printing Metals Market By Size, Share, Trends, Growth, Forecast 2028

Summary

Report Description

The United States 3D Printing Metals Market is anticipated to grow at a steady pace in the forecast period of 2024-2028. The increasing adoption of metal 3D printers for designing and prototyping products, coupled with the reduced manufacturing expenditure and improved accuracy in the end-product, is a key factor driving growth. The market is poised to witness high demand, particularly from the healthcare, automotive, and aerospace & defense sectors.

Metal 3D printing, also known as selective laser melting (SLM), combines the design flexibility of 3D printing with the mechanical properties of high-performance metal alloys. This enables the creation of unique, strong, and lightweight parts, even for the most complex applications.

Expanding Industrial Application Driving the United States 3D Printing Metals Market Growth

This cutting-edge technology has changed many industries over the past ten years, opening a new world of design, production, and customization possibilities. The capability of 3D printing metals to meet a wide range of industrial requirements is one of the main factors propelling the market. 3D printing has enabled the creation of intricate components with reduced weight and improved performance in sectors like aerospace and defense. This flexibility in design has never been seen before. This progression has prompted more eco-friendly airplane as well as expanded security through better-designed parts. The medical care area has likewise seen exceptional development in 3D printing metals reception. The way medical treatments are approached has changed as a result of the capability to fabricate medical implants and devices that are tailored to each patient. Modified inserts and prosthetics are turning out to be more predominant, prompting better quiet results and improved personal satisfaction.

Designing and assembling businesses have encountered a change in outlook with the utilization of 3D printing metals. The processes of iterative design and rapid prototyping have become more time- and cost-effective, accelerating product development cycles and facilitating innovation. Metals that can be printed in 3D are also being used in architecture, consumer goods, and the food industry. Customers can enjoy individualized products that are tailored to their preferences while architects are able to construct intricate and sustainable structures. The ceaseless advancement of new metal compounds enhanced for 3D printing has additionally extended the scope of uses. The creation of functional end-use parts that were previously unimaginable has been made possible by materials with improved strength, durability, and thermal properties.

As additional enterprises perceive the likely advantages of 3D printing metals, the interest for this innovation is supposed to flood. The environmentally friendly aspects of 3D printing metals are in line with the drive toward sustainability and reducing waste in manufacturing processes, which adds another layer of appeal for industries looking for greener alternatives. All in all, the extending modern utilizations of 3D printing metals are pushing the US market forward, cultivating development, cost-effectiveness, and ecological manageability. As innovation proceeds to progress and new applications arise, 3D printing metals are set to alter enterprises and shape the fate of assembling in the US.

Sustainability and Waste Reduction drives the United States 3D Printing Metals Market Growth

Sustainability and waste reduction have arisen as significant drivers of the US 3D printing metals market, changed the assembling scene and moved the reception of this creative innovation. As enterprises look for additional earth-capable practices, 3D printing metals offer a convincing arrangement that lines up with the objectives of manageability and waste decrease. Customary assembling techniques frequently produce huge material waste, adding to natural contamination and asset consumption. In contrast, 3D printing metals make use of an additive manufacturing technique in which materials are deposited layer by layer. This ensures that only the necessary amount of metal is used, resulting in a reduction in the amount of waste produced. Not only does this decrease in material waste aid in the conservation of valuable resources, but it also reduces the overall impact that production processes have on the environment.

Additionally, the utilization of recycled materials is made possible by 3D printing metals, further enhancing their sustainability profile. Manufacturers can reduce their reliance on virgin resources and contribute to a circular economy model by incorporating recycled metal powders or scrap materials. The lightweight idea of 3D-printed metal parts likewise assumes a crucial part in maintainability endeavours. In businesses like aviation and car, decreasing the heaviness of parts and designs can prompt critical energy reserve funds and lower ozone harming substance emanations during activity. The avionics area, for example, benefits from decreased fuel utilization and fossil fuel byproducts while using lightweight 3D-printed parts in airplane fabricating. The potential for restricted creation is one more perspective supporting maintainability in 3D printing metals. Products from faraway locations are frequently transported extensively in traditional manufacturing, which results in increased energy consumption and emissions of carbon dioxide. Products can be manufactured on-site or closer to the point of use with 3D printing metals, reducing transportation's carbon footprint.

Besides, the opportunity presented by 3D printing metals works with the making of additional proficient and enhanced items. Complex calculations and cross section designs can be designed, giving prevalent execution while utilizing less material. This approach moderates’ assets as well as works on the general proficiency and strength of end-use items. Numerous industries are looking into 3D printing metals as a viable alternative to manufacturing because of the growing focus on sustainable practices and environmental issues. Government drives and motivators advancing economical advancements further lift the reception of 3D printing metals in the US. Taking everything into account, maintainability and waste decrease are main impetuses behind the US 3D printing metals market. As organizations and businesses progressively focus on manageability, 3D printing metals will keep on assuming a significant part in molding the assembling scene and adding to a greener tomorrow.

Recent Development

In November 2019, Renishaw plc collaborated with Sandvik Additive Manufacturing to qualify new additive manufacturing (AM) materials for production applications. These materials include a range of metal powders and new alloy compositions that can be optimized for the laser powder bed fusion (LPBF) process and offer superior material properties.
In October 2019, GE Additive entered into a five-year cooperative research and development agreement (CRADA) with the US Department of Energy’s Oak Ridge National Laboratory (ORNL). The agreement focused on the processes, materials, and software to increase customer adaptability towards additive manufacturing compared to conventional manufacturing.
In May 2022, the company unveiled the latest edition of Materialise's market-leading data and build preparation software, Magics 26, at the RAPID+TCT Conference, a global pioneer in 3D printing solutions. Magics 26 combines its mesh capabilities with native CAD workflow support. Users get the best of both worlds by selecting the ideal process for each 3D printing project, increasing efficiency while maintaining quality.
In May 2022, Materialise, a leader in 3D printing solutions, introduced CO-AM, an open software platform to efficiently manage the additive manufacturing (AM) production process. CO-AM will give manufacturers cloud-based access to a full range of software tools that allow them to plan, manage, and optimize every stage of their AM operations. With CO-AM, Materialise addresses the untapped potential to use AM for serial manufacturing and mass personalization.

Market Segmentation

The United States 3D Printing Metals Market is segmented into form, type, manufacturing process, end user industry, region, and competitive landscape. 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. Regionally, the market is divided into West, Midwest, Northeast, South.

Market Players

Stratasys Ltd., GE Additive, Proto Labs, Inc., LPW Technology Ltd., Pollen AM Inc., Materialise NV, Renishaw Inc, Hoganas AB, Carpenter Technology Corporation are some of the leading players operating in the United States 3D Printing Metals Market.

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Attribute	Details
Base Year	2022
Historic Data	2018 – 2021
Estimated Year	2023
Forecast Period	2024 – 2028
Quantitative Units	Revenue in USD Million, and CAGR for 2018-2022 and 2023-2028
Report Coverage	Revenue forecast, company share, competitive landscape, growth factors, and trends
Segments Covered	Form Type Manufacturing Process End User Industry
Regional Scope	West, Midwest, Northeast, South
Key companies profiled	Stratasys Ltd., GE Additive, Proto Labs, Inc., LPW Technology Ltd., Pollen AM Inc., Materialise NV, Renishaw Inc, Hoganas AB, Carpenter Technology Corporation
Customization scope	10% free report customization with purchase. Addition or alteration to country, regional & segment scope.
Pricing and purchase options	Avail customized purchase options to meet your exact research needs. Explore purchase options
Delivery Format	PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

Report Scope:

In this report, the United States 3D Printing Metals market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:

United States 3D Printing Metals Market, By Form:

Powder
Filament

United States 3D Printing Metals Market, By Type:

Titanium
Nickel
Stainless Steel
Aluminum

United States 3D Printing Metals Market, By Manufacturing Process:

Direct Metal Laser Sintering (DMLS)
Selective Laser Melting (SLM)
Others

United States 3D Printing Metals Market, By End User Industry:

Aerospace & Defense
Automotive
Medical & Dental

United States 3D Printing Metals Market, By Region:

o West

o Midwest

o Northeast

o South

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in the United States 3D Printing Metals Market.

Available Customizations:

With the given market data, TechSci Research offers customizations according to a company’s specific needs. The following customization options are available for the report:

Company Information

Detailed analysis and profiling of additional market players (up to five).

United States 3D Printing Metals Market is an upcoming report to be released soon. If you wish an early delivery of this report or want to confirm the date of release, please contact us at [email protected]

Table of content

1. Product Overview

1.1. Market Definition

1.2. Scope of the Market

1.3. Markets Covered

1.4. Years Considered for Study

1.5. Key Market Segmentations

2. Research Methodology

2.1. Objective of the Study

2.2. Baseline Methodology

2.3. Key Industry Partners

2.4. Major Association and Secondary Sources

2.5. Forecasting Methodology

2.6. Data Triangulation & Validation

2.7. Assumptions and Limitations

3. Executive Summary

4. Voice of Customer

5. United States 3D Printing Metals Market Outlook

5.1. Market Size & Forecast

5.1.1. By Value

5.2. Market Share & Forecast

5.2.1. By Form (Powder and Filament)

5.2.2. By Type (Titanium, Nickel, Stainless Steel, Aluminium)

5.2.3. By Manufacturing Process (Direct Metal Laser Sintering (DMLS), Selective Laser Melting (SLM), Others)

5.2.4. By End User Industry (Aerospace & Defence, Automotive, Medical & Dental)

5.2.5. By Region

5.3. By Company (2022)

5.4. Market Map

6. West 3D Printing Metals Market Outlook

6.1. Market Size & Forecast

6.1.1. By Value

6.2. Market Share & Forecast

6.2.1. By Form

6.2.2. By Type

6.2.3. By Manufacturing Process

6.2.4. By End User Industry

7. Midwest 3D Printing Metals Market Outlook

7.1. Market Size & Forecast

7.1.1. By Value

7.2. Market Share & Forecast

7.2.1. By Form

7.2.2. By Type

7.2.3. By Manufacturing Process

7.2.4. By End User Industry

8. Northeast 3D Printing Metals Market Outlook

8.1. Market Size & Forecast

8.1.1. By Value

8.2. Market Share & Forecast

8.2.1. By Form

8.2.2. By Type

8.2.3. By Manufacturing Process

8.2.4. By End User Industry

9. South 3D Printing Metals Market Outlook

9.1. Market Size & Forecast

9.1.1. By Value

9.2. Market Share & Forecast

9.2.1. By Form

9.2.2. By Type

9.2.3. By Manufacturing Process

9.2.4. By Application

9.2.5. By End User Industry

10. Market Dynamics

10.1. Drivers

10.2. Challenges

11. Market Trends & Developments

12. Policy and Regulatory Landscape

13. Competitive Landscape

13.1. Stratasys Ltd.

13.1.1. Business Overview

13.1.2. Key Revenue and Financials (If Available)

13.1.3. Recent Developments

13.1.4. Key Personnel

13.1.5. Key Product/Services

13.2. GE Additive

13.2.1. Business Overview

13.2.2. Key Revenue and Financials (If Available)

13.2.3. Recent Developments

13.2.4. Key Personnel

13.2.5. Key Product/Services

13.3. Proto Labs, Inc.

13.3.1. Business Overview

13.3.2. Key Revenue and Financials (If Available)

13.3.3. Recent Developments

13.3.4. Key Personnel

13.3.5. Key Product/Services

13.4. LPW Technology Ltd.

13.4.1. Business Overview

13.4.2. Key Revenue and Financials (If Available)

13.4.3. Recent Developments

13.4.4. Key Personnel

13.4.5. Key Product/Services

13.5. Pollen AM Inc.

13.5.1. Business Overview

13.5.2. Key Revenue and Financials (If Available)

13.5.3. Recent Developments

13.5.4. Key Personnel

13.5.5. Key Product/Services

13.6. Materialise NV

13.6.1. Business Overview

13.6.2. Key Revenue and Financials (If Available)

13.6.3. Recent Developments

13.6.4. Key Personnel

13.6.5. Key Product/Services

13.7. Renishaw Inc

13.7.1. Business Overview

13.7.2. Key Revenue and Financials (If Available)

13.7.3. Recent Developments

13.7.4. Key Personnel

13.7.5. Key Product/Services

13.8. Hoganas AB

13.8.1. Business Overview

13.8.2. Key Revenue and Financials (If Available)

13.8.3. Recent Developments

13.8.4. Key Personnel

13.8.5. Key Product/Services

13.9. Carpenter Technology Corporation

13.9.1. Business Overview

13.9.2. Key Revenue and Financials (If Available)

13.9.3. Recent Developments

13.9.4. Key Personnel

13.9.5. Key Product/Services

14. Strategic Recommendations

15. About Us & Disclaimer

Figures and Tables

Frequently asked questions

What are the major drivers for the United States 3D Printing Metals Market?

Increasing adoption of metal 3D printers for designing and prototyping products and objects coupled with the reduced manufacturing expenditure and accuracy in the end-product are the key factors boosting the growth of the U.S. 3D Printing Metals market.

Which are main market players in the United States 3D Printing Metals Market?

Which segment will dominate the market?

Titanium segment is expected to have the largest share of the United States 3D printing metals market, due to rising demand for 3D printed metal parts from aerospace & defense and automotive end-use industries. Titanium possesses properties such as high impact and high-temperature resistance and is likely to have increased demand during the forecast period.

What are the significant challenges faced by the United States 3D Printing Metals Market?

The growth of the 3D printing metals market in the United States is anticipated to be hindered by factors such as the prevailing misconceptions concerning the prototyping processes held by small and medium-scale manufacturers.

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Press Release

United States 3D Printing Metals Market to be Dominated by Powder Segment Through 2028

Oct, 2023

Expanding industrial applications and surging demand from automotive and aerospace sectors to drive the United States 3D Printing Metals Market in the forecast period, 2024-2028.

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